NOT LISTED FOR SALE

2013 S Penn St Unit 2013 & 2013 1/2 Muncie, IN 47302

Southside Neighborhood

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

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

Last Sold November 23, 2022

Last sale price $63,000 $57 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $505/month

4 Days on Market

Highlights

  • Saltbox Architecture
  • Storm Windows
  • Forced Air Heating System
  • Porch
  • Laundry in Utility Room
  • Ceiling Fan

About This Home

As of November 2022

Investment Opportunity! 2 Houses. 1 Parcel. Great opportunity to invest with little upfront costs and benefit from the excellent cap rate of approx 15%. The large main house (2013) is vacant and has 3 beds, 1 bath with new flooring and fresh paint throughout. The smaller house (2013 1/2) is 1 bed, 1 bath and is occupied with a long-term tenant and property management in place. Live in the main house, use the 2nd house as an income or lease both of them out- possibilities are endless.

Last Agent to Sell the Property

Stephanie VanMatre

Home 2 Home Realty Group Listed on: 10/20/2022

Last Buyer's Agent

Sherry Anderson

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $770

Year Built

  • Built in 1900

Lot Details

  • 5,440 Sq Ft Lot
  • Lot Dimensions are 40x136
  • Level Lot

Home Design

  • Saltbox Architecture
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,114 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Crawl Space
  • Storm Windows
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • ENERGY STAR Qualified Water Heater

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

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

Community Details

Overview

  • 2 Units
  • Fair Lawn / Fairlawn Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$770

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 122
  • Style: Detached
  • Architectural Style: Salt Box
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: G & O SUB BLOCK 76 LOT 4
  • Parcel Number ID: 18-11-22-209-012.000-003
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Countertops-Laminate, Porch Open, Six Panel Doors, Storm Windows, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 101.78
  • Monthly Gross Income: 1000
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 1114
  • Total Finished Sq Ft: 1114
  • Above Grade Finished Sq Ft: 1114
  • Price Per Sq Ft: 56.55
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Dimensional Shingles
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Off Street, Street

Utilities

  • Heating Fuel: Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • 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: 40X136
  • Estimated Lot Sq Ft: 5440
  • Estimated Lot Size Acres: 0.13
  • Lot Number: 4

Green Features

  • Energy Efficient: Water Heater

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1000
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 770

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2022
Closed on
Nov 22, 2022
Sold by
Water Lane Apartments Llc
Bought by
Aspen Ridge Real Estate Llc
Seller's Agent
Stephanie VanMatre
Home 2 Home Realty Group
Buyer's Agent
Sherry Anderson
RE/MAX Real Estate Groups
List Price
$61,900
Sold Price
$63,000
Premium/Discount to List
$1,100
1.78%
Views
15
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.
Estimated Appreciation
$13,558
Avg. Annual Appreciation
10.59%
Original Mortgage
$50,400
Outstanding Balance
$48,536
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$34,730

Purchase Details

Closed on
Sep 5, 2019
Sold by
Double G Properties Llc
Bought by
Water Lane Apartments Llc

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
11/23/2022 11/23/22 Sold $63,000 +1.8% $57 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
10/20/2022 10/20/22 For Sale $61,900 -- $56 / 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

  • Stephanie VanMatre

    Seller's Agent in 2022

    Stephanie VanMatre

    Home 2 Home Realty Group

    (765) 288-3125

    2 in this area

    11 Total Sales

    Stephanie VanMatre
    Section Image
  • Sherry Anderson

    Buyer's Agent in 2022

    Sherry Anderson

    RE/MAX

    (765) 288-0400

    7 in this area

    78 Total Sales

    Sherry Anderson
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202243819

Indiana Regional MLS

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

Indiana Delaware County Muncie 47302 Southside

2013 S Penn St Unit 2013 & 2013 1/2, Muncie, IN

This home is located at 2013 S Penn St Unit 2013 & 2013 1/2, Muncie, IN 47302 since 20 October 2022 and is currently estimated at $76,558, approximately $68 per square foot. This property was built in 1900. 2013 S Penn St Unit 2013 & 2013 1/2 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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