NOT LISTED FOR SALE

2013 1/2 S Penn St Muncie, IN 47302

Southside Neighborhood

Estimated Value: $67,000 - $96,000

4 Beds
1 Bath
1,114 Sq Ft
$69/Sq Ft Est. Value

Last Sold September 05, 2019

Last sale price $31,000 $28 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $505/month

14 Days on Market

Highlights

  • Forced Air Heating System
  • Baseboard Heating
  • Carpet
  • Ceiling Fan
  • Level Lot

About This Home

As of September 2019

Two units. House rents for $600 per month with the LANDLORD paying for lawn care, water and sewage. Tenant pays electric and gas. The back building rents for $400 with the LANDLORD paying the same as the front house. A new roof has been installed.

Last Agent to Sell the Property

Mark Kelly

Berkshire Hathaway Indiana Realty Listed on: 07/26/2019

Berkshire Hathaway Indiana Realty

Last Buyer's Agent

Daniel Norton

CPC Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $618

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40 x 136
  • Level Lot

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Bedrooms
  • 1,114 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 2 Bedrooms in Basement

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • On-Street Parking

Location

  • Suburban Location

Schools

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

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric, sewer, water
  • The owner pays for maintenance, tax
  • Assessor Parcel Number 18-11-22-209-012.000-003

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$618

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1900
  • Age: 119
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 2
  • Legal Description: G & O SUB BLOCK 76 LOT 4
  • Parcel Number ID: 18-11-22-209-012.000-003
  • Platted: Yes
  • Amenities: Ceiling Fan
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 2
  • Sp Lp Percent: 91.45
  • Monthly Gross Income: 1000
  • Year Taxes Payable: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1114
  • Total Finished Sq Ft: 1114
  • Above Grade Finished Sq Ft: 1114
  • Price Per Sq Ft: 27.83
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1114

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Street

Utilities

  • Heating Fuel: Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Number Electric Meters: 2
  • Number Water Meters: 1

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: 40 X 136
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Maintenance, Tax
  • Tenant Pays: Electric, Sewer, Water

Tax Info

  • Total Assessed Value: 30900
  • Annual Property Tax: 618

Multi Family

  • Gross Monthly Rent: 1000
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 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
Nov 22, 2022
Sold by
Water Lane Apartments Llc
Bought by
Aspen Ridge Real Estate Llc
Current Estimated Value
$76,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Outstanding Balance
$48,536
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$34,730

Purchase Details

Listed on
Jul 26, 2019
Closed on
Sep 5, 2019
Sold by
Double G Properties Llc
Bought by
Water Lane Apartments Llc
Seller's Agent
Mark Kelly
Berkshire Hathaway Indiana Realty
Buyer's Agent
Daniel Norton
CPC Real Estate, LLC
List Price
$33,900
Sold Price
$31,000
Premium/Discount to List
-$2,900
-8.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.93%

Purchase Details

Closed on
Aug 13, 2015
Sold by
Laderman Marvin
Bought by
Double G Properties Llc

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
Source: Public Records

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
Aspen Ridge Real Estate Llc -- --
Water Lane Apartments Llc -- None Available
Double G Properties Llc -- --
Laderman Marvin -- Itic
Mutualbank $7,250 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aspen Ridge Real Estate Llc $50,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2019 09/05/19 Sold $31,000 -8.6% $28 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $33,900 -- $30 / 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 $1,050 $46,600 $4,900 $41,700
2023 $1,032 $45,700 $4,000 $41,700
2022 $950 $41,600 $4,000 $37,600
2021 $770 $32,600 $3,700 $28,900
2020 $704 $29,300 $3,700 $25,600
2019 $676 $27,900 $3,500 $24,400
2018 $736 $30,900 $3,700 $27,200
2017 $740 $31,100 $4,100 $27,000
2016 $724 $30,300 $4,100 $26,200
2014 $451 $19,900 $4,100 $15,800
2013 -- $19,500 $4,100 $15,400
Source: Public Records

Agents Affiliated with this Home

  • Mark Kelly

    Seller's Agent in 2019

    Mark Kelly

    Berkshire Hathaway Indiana Realty

    (765) 744-7060

    7 in this area

    75 Total Sales

    Mark Kelly
    Section Image

  • D

    Buyer's Agent in 2019

    Daniel Norton

    CPC Real Estate, LLC

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201932469

Indiana Regional MLS

APN: 18-11-22-209-012.000-003

Indiana Delaware County Muncie 47302 Southside

2013 1/2 S Penn St, Muncie, IN

This home is located at 2013 1/2 S Penn St, Muncie, IN 47302 since 26 July 2019 and is currently estimated at $76,558, approximately $68 per square foot. This property was built in 1900. 2013 1/2 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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