NOT LISTED FOR SALE

216 S College Ave Muncie, IN 47303

Westside Neighborhood

Estimated Value: $157,000 - $251,000

3 Beds
3 Baths
2,440 Sq Ft
$82/Sq Ft Est. Value

Last Sold September 24, 2013

Last sale price $100,000 $41 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,488/month

154 Days on Market

Highlights

  • 3 Car Attached Garage
  • 1-Story Property
  • Water Softener is Owned
  • Patio
  • Forced Air Heating and Cooling System
  • Privacy Fence

About This Home

As of September 2013

Great location just a few blocks from BSU/BMH. GREAT INVESTMENT OPPORTUNITY 6 bedroom house. Live on the main level and rent the lower level out. Currently Gross Rental Income $24,000+ per year. Good rental history. This limestone and vinyl home offers 3 bedrooms/1 full bath on the main floor. Nice size living room with gas log fireplace. Original oak hardwood floors. Lower level has separate walk out entrance. Basement has 3 bedrooms/1 full bath. Also has full kitchen with eat in area. Living area with ceramic tile. All appliances on main level and lower level to stay. (including washer/dryer) Full kitchen with appliances in basement. All basement windows have proper egress windows installed. Basement walls are poured concrete. Updated wiring. Over sized 3 car attached garage with tall ceilings. 2 garage door openers. Patio with 7' privacy fence behind garage. GFA/CA. Off street parking area behind garage off alley. Tenants prefer 24 hr notice on showings.

Last Agent to Sell the Property

Mark Covault

F.C. Tucker Muncie, REALTORS Listed on: 03/19/2013

F.C. Tucker Muncie, REALTORS

Last Buyer's Agent

Elise Clark

Berkshire Hathaway Indiana Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,642

Year Built

  • Built in 1940

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 43x130
  • Privacy Fence
  • Level Lot

Home Design

  • Shingle Roof
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Walk-Out Basement
  • Washer Hookup

Parking

  • 3 Car Attached Garage
  • Driveway

Outdoor Features

  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • Electric Expense $1,751
  • Fuel Expense $1,216
  • Insurance Expense $745
  • Water Sewer Expense $843

Listing and Financial Details

  • Homestead Exemption
  • The owner pays for building insurance, electric, fuel, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 181117227007000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,642

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1940
  • Age: 74
  • Style: One Story
  • Legal Description: MC & J Add Lot 29 |
  • Parcel Number ID: 181117227007000003
  • Platted: Yes
  • Amenities: Fireplace, Cable Ready, Patio Open, Water Heater Gas, Water Softener-Owned, Washer Hook-Up
  • Annual Miscellaneous: 1126
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Sq Ft: 2440
  • Total Finished Sq Ft: 2440
  • Above Grade Finished Sq Ft: 1320
  • Below Grade Finished Sq Ft: 1120
  • Below Grade Sq Ft: 200
  • Price Per Sq Ft: 75.76
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement
  • Main Level Sq Ft: 1320
  • Total Below Grade Sq Ft: 1320

Exterior Features

  • Exterior: Stone, Vinyl
  • Roof Material: Shingle
  • Fence: Privacy

Garage/Parking

  • Driveway: Concrete
  • Parking: Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M, CenterPoint Energy
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Annual Electric: 1751
  • Annual Fuel Expense: 1216
  • Annual Insurance Expense: 745
  • Annual Water Sewer Expense: 843

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 43x130
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

  • Owner Pays: Building Insurance, Electric, Fuel, Maintenance, Sewer, Tax, Trash Collection, Water

Tax Info

  • Total Assessed Value: 101900
  • Exemptions: Homestead
  • Annual Property Tax: 1642

Multi Family

  • Number Of Units: 1

MLS Schools

  • High School: Central
  • Middle School: Northside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2021
Sold by
King Nicholas D
Bought by
Ljs Rentals Llc
Current Estimated Value
$201,633

Purchase Details

Closed on
Mar 10, 2016
Sold by
B J Wright Properties Llc
Bought by
King Nicholas D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,250
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 19, 2013
Closed on
Sep 24, 2013
Sold by
Jorgensen Andria N and Kerr Gary W
Bought by
B J Wright Properties Llc
Seller's Agent
Mark Covault
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Elise Clark
Berkshire Hathaway Indiana Realty
List Price
$118,900
Sold Price
$100,000
Premium/Discount to List
-$18,900
-15.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Original Mortgage
$80,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2008
Sold by
Schwamburger Joel T and Schwamburger James R
Bought by
Kerr Andria N and Kerr Gary W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,223
Interest Rate
5.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 30, 2005
Sold by
Lachat Owen J
Bought by
Schwamburger Joel T and Schwamburger James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,300
Interest Rate
6.34%
Mortgage Type
FHA
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
Ljs Rentals Llc $155,000 None Available
King Nicholas D -- --
B J Wright Properties Llc -- --
Kerr Andria N -- None Available
Schwamburger Joel T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ljs Rentals Llc $131,750
Previous Owner King Nicholas D $104,000
Previous Owner King Nicholas D $83,250
Previous Owner B J Wright Properties Llc $80,000
Previous Owner Kerr Andria N $110,740
Previous Owner Kerr Andria N $113,223
Previous Owner Schwamburger Joel T $108,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2013 09/24/13 Sold $100,000 -15.9% $41 / Sq Ft
08/20/2013 08/20/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $118,900 -- $49 / 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 $4,607 $195,500 $13,200 $182,300
2023 $3,762 $182,700 $11,000 $171,700
2022 $3,108 $150,000 $11,000 $139,000
2021 $3,004 $144,800 $11,500 $133,300
2020 $2,550 $122,100 $11,000 $111,100
2019 $2,550 $122,100 $11,000 $111,100
2018 $2,548 $122,000 $11,000 $111,000
2017 $2,700 $129,600 $11,600 $118,000
2016 $2,046 $96,900 $11,500 $85,400
2014 $2,221 $108,900 $12,100 $96,800
2013 -- $108,800 $12,100 $96,700
Source: Public Records

Agents Affiliated with this Home

  • Mark Covault

    Seller's Agent in 2013

    Mark Covault

    F.C. Tucker Muncie, REALTORS

    (765) 289-2228

    1 in this area

    38 Total Sales

    Section Image

  • E

    Buyer's Agent in 2013

    Elise Clark

    Berkshire Hathaway Indiana Realty

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 20021489

Indiana Regional MLS

APN: 18-11-17-227-007.000-003

Indiana Delaware County Muncie 47303 Westside

216 S College Ave, Muncie, IN

This home is located at 216 S College Ave, Muncie, IN 47303 since 19 March 2013 and is currently estimated at $199,085, approximately $81 per square foot. This property was built in 1940. 216 S College Ave is a home located in Delaware County with nearby schools including West View Elementary School, Muncie Central High School, and Northside 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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