NOT LISTED FOR SALE

Estimated Value: $150,000 - $195,000

6 Beds
3 Baths
3,486 Sq Ft
$49/Sq Ft Est. Value

Last Sold July 06, 2015

Last sale price $75,900 $22 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $1,167/month

207 Days on Market

Highlights

  • Cape Cod Architecture
  • Level Lot
  • Carpet
  • Forced Air Heating System

About This Home

As of July 2015

Great investment property close to BSU. Fully rented, 6 bedrooms, 3 bathrooms, set up as 1- 3 bedroom, unit, 1-2 bedroom unit, and 1-1 bedroom unit. Unit #3 has washer dryer included. Property has been well maintained and is easy to rent. Parking for 8 cars in back and single car garage is perfect for mower storage, etc.. Good location south of campus.

Last Agent to Sell the Property

Tammy Parker

F.C. Tucker Muncie, REALTORS Listed on: 10/16/2014

F.C. Tucker Muncie, REALTORS

Last Buyer's Agent

Rod Hinds

Wagner Auctioneering and Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,496

Year Built

  • Built in 1925

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Level Lot

Home Design

  • Triplex
  • Cape Cod Architecture
  • Poured Concrete
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Laminate Countertops
  • Washer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement

Parking

  • 8 Parking Spaces
  • Private Parking
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Westview Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for cooling, electric, fuel, heating, sewer, tax, water
  • Assessor Parcel Number 18-11-08-457-009.000-003

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Fuel Expense $1,200
  • Water Sewer Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,496

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1925
  • Age: 90
  • Style: One and Half Story
  • Architectural Style: Cape Cod
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Westside Add STR 082010 Lot 609 |
  • Parcel Number ID: 18-11-08-457-009.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Cable Ready, Countertops-Laminate, Detector-Smoke, Water Heater Gas, Sump Pump, Washer Hook-Up
  • Location: Near College Campus
  • Number Below Grade Bedrooms: 2
  • Sp Lp Percent: 94.99
  • Monthly Gross Income: 1670
  • Year Taxes Payable: 20145
  • Special Features: None

Interior Features

  • Total Sq Ft: 3591
  • Total Finished Sq Ft: 3486
  • Above Grade Finished Sq Ft: 2436
  • Below Grade Finished Sq Ft: 1050
  • Below Grade Sq Ft: 105
  • Price Per Sq Ft: 31.16
  • Basement: Yes
  • Basement Foundation: Full Basement, Partially Finished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 1155
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 4

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Rubber, Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8
  • Parking: Gravel, Off Street, Private, Street

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1800
  • Annual Fuel Expense: 1200
  • Annual Water Sewer Expense: 600
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Muncie Community Schools
  • Elementary School: Westview
  • Middle School: Northside
  • High School: Central
  • Elementary School: Westview

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 50x132
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Cooling, Electric, Fuel, Heating, Sewer, Tax, Water
  • Tenant Pays: Cable

Tax Info

  • Total Assessed Value: 74800
  • Annual Property Tax: 1495.98

Multi Family

  • Gross Monthly Rent: 1670
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2014
Closed on
Jul 6, 2015
Sold by
Ponto James R and Ponto Shelley Ann
Bought by
88 Degrees Llc
Seller's Agent
Tammy Parker
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Rod Hinds
Wagner Auctioneering and Real Estate
List Price
$84,900
Sold Price
$75,900
Premium/Discount to List
-$9,000
-10.6%
Total Days on Market
207
Current Estimated Value
$171,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,864
Avg. Annual Appreciation
8.38%
Original Mortgage
$91,500
Outstanding Balance
$72,264
Interest Rate
3.83%
Mortgage Type
Commercial
Estimated Equity
$96,813
Source: Public Records

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Range of Values:

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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
88 Degrees Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 88 Degrees Llc $91,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2015 07/06/15 Sold $75,900 -10.6% $22 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
10/16/2014 10/16/14 For Sale $84,900 -- $24 / 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 $3,072 $148,200 $16,600 $131,600
2023 $2,578 $123,500 $13,800 $109,700
2022 $2,480 $118,600 $13,800 $104,800
2021 $2,344 $111,800 $13,700 $98,100
2020 $1,990 $94,100 $12,400 $81,700
2019 $1,990 $94,100 $12,400 $81,700
2018 $1,986 $93,900 $12,400 $81,500
2017 $1,942 $91,700 $11,200 $80,500
2016 $1,854 $87,300 $10,700 $76,600
2014 $1,539 $74,800 $8,500 $66,300
2013 -- $71,000 $8,200 $62,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201445968

Indiana Regional MLS

APN: 18-11-08-457-009.000-003