NOT LISTED FOR SALE

Estimated Value: $105,000 - $134,167

3 Beds
2 Baths
1,114 Sq Ft
$110/Sq Ft Est. Value

Last Sold January 18, 2018

Last sale price $424,000 $381 Per Sq Ft

Current estimated payment $865/month

62 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Carpet
  • 1-Story Property
  • Level Lot

About This Home

As of January 2018

Subject to 1031 TAX FREE EXCHANGE. Package #2 includes this home and (5) others. All have Range,Refrig,Dishwasher,Washer, Dryer, and Off street parking. Unit #2-2116 N. Rosewood ID # 18-11-04-305-008.000-003, Unit#3-917 W. Rex ID#18-11-09-136-002.000-003, Unit# 4-708 W. Queen ID#18-11-09-257-006.000-003, Unit#5-1201 W. Neely ID#18-11-09-176-007.000-003. Unit # 6-410 N. Alameda ID# 18-11-09-426-003.000-003 . Neely and Alameda just finished up getting updates, Ready to rent for Spring semester 2018. Great homes in BSU/BMH area.

Last Agent to Sell the Property

John Osborn

J W Osborn Realtor Listed on: 09/28/2017

Last Buyer's Agent

Clairissa Berry

Smith Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,970

Year Built

  • Built in 1900

Lot Details

  • 6,490 Sq Ft Lot
  • Lot Dimensions are 50 x 130
  • Level Lot

Home Design

  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Laundry in Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Laundry in Basement

Parking

  • 22 Parking Spaces
  • Off-Street Parking

Additional Features

  • Suburban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cooling, electric, heating, sewer, water
  • Assessor Parcel Number 18-11-09-355-002.000-003

Community Details

Overview

  • 6 Buildings
  • 6 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $6,000
  • Maintenance Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,970

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1900
  • Age: 118
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: HCM ADD Block # 1 Lot # 3
  • Parcel Number ID: 18-11-09-355-002.000-003
  • Platted: Yes
  • Amenities: Off Street Parking
  • Location: City/Town/Suburb
  • Sp Lp Percent: 89.26
  • Monthly Gross Income: 3600
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2228
  • Total Finished Sq Ft: 1114
  • Above Grade Finished Sq Ft: 1114
  • Below Grade Sq Ft: 1114
  • Price Per Sq Ft: 380.61
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1114
  • Total Below Grade Sq Ft: 1114
  • Number Of Ranges Ovens: 6

Exterior Features

  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 22
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: Public
  • Electric Company: AEP/I&M
  • Gas Company: Vectren Energy
  • Water Company: Indiana American Water Co
  • Cable Company: Comcast
  • Annual Insurance Expense: 6000
  • Annual Maintenance Expense: 1800
  • Number Of W D Hookups: 6

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50 X 130
  • Estimated Lot Sq Ft: 6490
  • Estimated Lot Size Acres: 0.149

Rental Info

  • Lease Term: 1 Year
  • Tenant Pays: Cooling, Electric, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 3600
  • Number Of Dishwashers: 6
  • Number Of Dryers: 6
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Number Of Washers: 6
  • Number Of 3 Bedrooms: 3
  • Number Of 4 Bedrooms: 3
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 7970

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2023
Sold by
Game Of Homes Llc
Bought by
Zzrentals Ii Llc
Current Estimated Value
$124,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Outstanding Balance
$84,280
Interest Rate
5.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$40,805

Purchase Details

Listed on
Sep 28, 2017
Closed on
Jan 18, 2018
Sold by
Segraves David R
Bought by
Game Of Homes Llc
Seller's Agent
John Osborn
J W Osborn Realtor
Buyer's Agent
Clairissa Berry
Smith Real Estate
List Price
$475,000
Sold Price
$424,000
Premium/Discount to List
-$51,000
-10.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.89%
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
Zzrentals Ii Llc $115,000 None Listed On Document
Game Of Homes Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zzrentals Ii Llc $92,000
Previous Owner Segraves David R $38,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2018 01/18/18 Sold $424,000 -10.7% $381 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
09/28/2017 09/28/17 For Sale $475,000 -- $426 / 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 $2,184 $103,800 $16,400 $87,400
2023 $1,758 $82,500 $13,700 $68,800
2022 $1,694 $79,300 $13,700 $65,600
2021 $1,608 $75,000 $13,500 $61,500
2020 $1,380 $63,600 $12,300 $51,300
2019 $1,340 $61,600 $12,300 $49,300
2018 $1,340 $61,600 $12,300 $49,300
2017 $1,300 $59,600 $11,100 $48,500
2016 $1,242 $56,700 $10,500 $46,200
2014 $1,069 $51,300 $8,400 $42,900
2013 -- $48,800 $8,100 $40,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201744902

Indiana Regional MLS

APN: 18-11-09-355-002.000-003