NOT LISTED FOR SALE

2009 S Penn St Muncie, IN 47302

Southside Neighborhood

Estimated Value: $72,813 - $91,000

3 Beds
2 Baths
1,320 Sq Ft
$61/Sq Ft Est. Value

Last Sold August 14, 2015

Last sale price $15,000 $11 Per Sq Ft

Est. 440% increase in value since last sale

Current estimated payment $532/month

110 Days on Market

Highlights

  • Bungalow
  • Forced Air Heating System
  • 1-Story Property
  • Tile Flooring
  • Level Lot

About This Home

As of August 2015

Investment opportunity, 2 units. One-2 bedroom 1 bath home approx. 744 Sq Ft currently rented $450 monthly. One-1 bedroom 1 bath home approx. 576 Sq Ft currently rented $375 monthly. Tenants pay all utilities.

Last Listed By

Joann Davis

F.C. Tucker Muncie, REALTORS Listed on: 03/19/2015

F.C. Tucker Muncie, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x136
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Bungalow
  • Shingle Roof

Interior Spaces

  • 1,320 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laminate Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Location

  • Suburban Location

Schools

  • Grissom Elementary School
  • Southside Middle School
  • Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, water
  • The owner pays for lawn maintenance
  • Assessor Parcel Number 18-11-22-209-010.000-003

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Maintenance Expense $461
  • Water Sewer Expense $215

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 115
  • Style: One Story
  • Architectural Style: Bungalow
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: G & O Sub 0.0000 Acres STR: In:2 Out |
  • Parcel Number ID: 18-11-22-209-010.000-003
  • Platted: Yes
  • Amenities: Countertops-Laminate, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 68.49
  • Monthly Gross Income: 825
  • Year Taxes Payable: 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 1320
  • Total Finished Sq Ft: 1320
  • Above Grade Finished Sq Ft: 1320
  • Price Per Sq Ft: 11.36
  • Basement Foundation: Crawl
  • Flooring: Carpet, Tile, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Maintenance Expense: 461
  • Annual Water Sewer Expense: 215
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Muncie Community Schools
  • Elementary School: Grissom
  • Middle School: Southside
  • High School: Central
  • Elementary School: Grissom

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x136
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Lawn Maintenance
  • Tenant Pays: Electric, Heating, Sewer, Water

Tax Info

  • Total Assessed Value: 22000
  • Annual Property Tax: 493.2

Multi Family

  • Gross Monthly Rent: 825
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

MLS Schools

  • High School: Central
  • Middle School: Southside
  • School District: Muncie Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2021
Sold by
Johnson Jr Arthur P
Bought by
Arthur And Nicole Johnson Living Trust and Livi Nicole
Total Days on Market
110
Current Estimated Value
$80,953

Purchase Details

Closed on
Sep 5, 2019
Sold by
Double G Properties Llc
Bought by
Johnson Arthur P

Purchase Details

Listed on
Mar 19, 2015
Closed on
Aug 13, 2015
Sold by
Laderman Marvin
Bought by
Double G Properties Llc
Seller's Agent
Joann Davis
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Daniel Norton
CPC Real Estate, LLC
List Price
$26,500
Sold Price
$15,000
Premium/Discount to List
-$11,500
-43.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.79%
Original Mortgage
$41,600
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2011
Sold by
Mutualbank
Bought by
Laderman Marvin

Purchase Details

Closed on
Sep 15, 2010
Sold by
Winningham Jesse R and Winningham June R
Bought by
Mutualbank

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arthur And Nicole Johnson Living Trust -- Frank & Krafts
Johnson Arthur P -- Frank & Kraft
Johnson Arthur P -- None Available
Double G Properties Llc -- --
Laderman Marvin -- Itic
Mutualbank $7,250 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Double G Properties Llc $41,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2015 08/14/15 Sold $15,000 -43.4% $11 / Sq Ft
07/07/2015 07/07/15 Pending -- -- --
03/19/2015 03/19/15 For Sale $26,500 -- $20 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $974 $42,800 $4,900 $37,900
2023 $956 $41,900 $4,000 $37,900
2022 $884 $38,300 $4,000 $34,300
2021 $720 $30,100 $3,700 $26,400
2020 $602 $24,200 $3,700 $20,500
2019 $580 $23,100 $3,500 $19,600
2018 $644 $26,300 $3,700 $22,600
2017 $650 $26,600 $4,100 $22,500
2016 $636 $25,900 $4,100 $21,800
2014 $493 $22,000 $4,100 $17,900
2013 -- $21,500 $4,100 $17,400
Source: Public Records

Agents Affiliated with this Home

  • Joann Davis

    Seller's Agent in 2015

    Joann Davis

    F.C. Tucker Muncie, REALTORS

    (765) 748-1316

    5 in this area

    186 Total Sales

    Joann Davis
    Section Image

  • D

    Buyer's Agent in 2015

    Daniel Norton

    CPC Real Estate, LLC

    (765) 729-8202

    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201511017

Indiana Regional MLS

APN: 18-11-22-209-010.000-003

Indiana Delaware County Muncie 47302 Southside

2009 S Penn St, Muncie, IN

Homes for Sale in Muncie, IN

This home is located at 2009 S Penn St, Muncie, IN 47302 since 19 March 2015 and is currently estimated at $80,953, approximately $61 per square foot. This property was built in 1900. 2009 S Penn St is a home located in Delaware County with nearby schools including Grissom Memorial Elementary School, Muncie Central High School, and Southside Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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