NOT LISTED FOR SALE

Estimated Value: $67,000 - $103,103

5 Beds
2 Baths
1,904 Sq Ft
$47/Sq Ft Est. Value

Last Sold December 05, 2023

Last sale price $64,000 $34 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $572/month

47 Days on Market

Highlights

  • 0.41 Acre Lot
  • Carpet
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of December 2023

Multi-family investment opportunity featuring 5 bedrooms, 2 full baths. Both units are fully rented and have been long-term tenants. This property features off-street parking, a new roof, and newly built front wooden walkway.

Last Listed By

Olivia Kennedy

PPG Real Estate LLC Brokerage Phone: 765-729-2168 Listed on: 09/18/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $968

Year Built

  • Built in 1955

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 150x110

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,904 Sq Ft Home
  • 1-Story Property
  • Laundry in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

  • Southview Elementary School
  • Southside Middle School
  • Central High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric, heating, lawn maintenance, sewer, trash collection, water
  • The owner pays for maintenance, tax
  • Assessor Parcel Number 18-11-23-106-042.000-003

Community Details

Overview

  • 2 Units
  • Buena Vista Subdivision

Building Details

  • Maintenance Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$968

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1955
  • Age: 68
  • Style: One Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PT W HLF NW QTR 0.4130Acres
  • Parcel Number ID: 18-11-23-106-042.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Near Walking Trail
  • Sp Lp Percent: 92.09
  • Monthly Gross Income: 1135
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 1904
  • Total Finished Sq Ft: 1904
  • Above Grade Finished Sq Ft: 1904
  • Price Per Sq Ft: 33.61
  • Basement Foundation: Slab
  • Flooring: Carpet, Laminate
  • Number Of Ranges Ovens: 2

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Maintenance Expense: 1800
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 150x110
  • Estimated Lot Sq Ft: 17860
  • Estimated Lot Size Acres: 0.41

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Maintenance, Tax
  • Tenant Pays: Electric, Heating, Lawn Maintenance, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1135
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 967.98

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
Sep 18, 2023
Closed on
Dec 5, 2023
Sold by
Asset Management Holdings Llc
Bought by
Mgam Props Llc
Seller's Agent
Olivia Kennedy
PPG Real Estate LLC
Buyer's Agent
Grant Gorman
Green Forest Realty
List Price
$74,900
Sold Price
$64,000
Premium/Discount to List
-$10,900
-14.55%
Total Days on Market
47
Views
99
Current Estimated Value
$89,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,776
Avg. Annual Appreciation
26.91%
Original Mortgage
$66,000
Outstanding Balance
$64,068
Interest Rate
7.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
$25,708

Purchase Details

Listed on
Oct 17, 2016
Closed on
Dec 29, 2016
Sold by
Gordan Aguilar Kelly J
Bought by
Asset Management Holdilngs Llc
Seller's Agent
Michael Dunn
MADUNN.COM
Buyer's Agent
Michael Dunn
MADUNN.COM
List Price
$35,000
Sold Price
$31,500
Premium/Discount to List
-$3,500
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.77%

Purchase Details

Closed on
Apr 26, 2011
Sold by
Fouch Brenton C and Fouch Sherlene A
Bought by
Gordon Aguilar Kelly J

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
Mgam Props Llc $64,000 None Listed On Document
Asset Management Holdilngs Llc -- --
Gordon Aguilar Kelly J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mgam Props Llc $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2023 12/05/23 Sold $64,000 -7.9% $34 / Sq Ft
11/04/2023 11/04/23 Pending -- -- --
11/02/2023 11/02/23 Price Changed $69,500 -7.2% $37 / Sq Ft
09/30/2023 09/30/23 For Sale $74,900 0.0% $39 / Sq Ft
09/23/2023 09/23/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $74,900 +137.8% $39 / Sq Ft
12/30/2016 12/30/16 Sold $31,500 -10.0% $17 / Sq Ft
12/18/2016 12/18/16 Pending -- -- --
10/17/2016 10/17/16 For Sale $35,000 -- $18 / 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 $1,154 $51,800 $10,100 $41,700
2023 $1,154 $51,800 $10,100 $41,700
2022 $968 $42,500 $10,100 $32,400
2021 $964 $42,300 $12,700 $29,600
2020 $1,156 $51,900 $12,700 $39,200
2019 $1,156 $51,900 $12,700 $39,200
2018 $1,154 $51,800 $12,700 $39,100
2017 $1,148 $51,500 $12,700 $38,800
2016 $1,110 $49,600 $12,700 $36,900
2014 $979 $46,300 $10,300 $36,000
2013 -- $45,900 $10,300 $35,600
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 202333939

Indiana Regional MLS

APN: 18-11-23-106-042.000-003