NOT LISTED FOR SALE

2205 E 18th St Muncie, IN 47302

Southside Neighborhood

Estimated Value: $89,000 - $100,339

4 Beds
2 Baths
1,566 Sq Ft
$59/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $87,000 $56 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $570/month

38 Days on Market

About This Home

As of January 2024

Investment opportunity! This fully leased duplex will make a great addition to your portfolio. Each apartment consists of 2 bedrooms, 1 bathroom, and a spacious living room and kitchen. Washer/Dryer hookups in both units. Total electric. Tenants pay their own electric bills. Owner is responsible for W/T/S. There is a two-car garage on the property that is currently unusable, but once repaired would make a great storage space for the tenants.

Last Agent to Sell the Property

Audra Cannon

CRM Properties, Inc Brokerage Phone: 765-431-9111 Listed on: 11/27/2023

Last Buyer's Agent

RACI NonMember

NonMember RACI

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,022

Year Built

  • Built in 1918

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 55x115

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,566 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Detached Second Garage

Schools

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

Utilities

  • Radiant Ceiling

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 18-11-23-177-012.000-003

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Maintenance Expense $2,000
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,022

Year Built

Built in 1918

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1918
  • Style: One Story
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: GIBSONS 1 ADD LOT 16
  • Parcel Number ID: 18-11-23-177-012.000-003
  • Platted: Yes
  • Amenities: Attic Pull Down Stairs
  • Special Features: None

Interior Features

  • Total Sq Ft: 1566
  • Total Finished Sq Ft: 1566
  • Above Grade Finished Sq Ft: 1566
  • Basement Foundation: Slab
  • Flooring: Laminate
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick
  • Stories: 1
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 660

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Electricity, Ceiling
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1100
  • Annual Maintenance Expense: 2000
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Grissom

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 55x115
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 1022

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2

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
Nov 27, 2023
Closed on
Jan 22, 2024
Sold by
Smith Redgie
Bought by
Scott Llc
Seller's Agent
Audra Cannon
CRM Properties, Inc
Buyer's Agent
RACI NonMember
NonMember RACI
List Price
$99,900
Sold Price
$87,000
Premium/Discount to List
-$12,900
-12.91%
Views
60
Current Estimated Value
$92,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,835
Avg. Annual Appreciation
3.12%

Purchase Details

Listed on
Sep 14, 2022
Closed on
Oct 5, 2022
Sold by
B & B Premier Properties Llc
Bought by
Smith Redgie
Seller's Agent
Heather Clemmons
Starr Real Estate, Inc.
Buyer's Agent
Audra Cannon
CRM Properties, Inc.
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.09%

Purchase Details

Closed on
Sep 13, 2013
Sold by
Campbell Ramona L
Bought by
B & B Premier Properties Llc

Purchase Details

Closed on
Sep 3, 2013
Sold by
Campbell Ramona L
Bought by
B & B Premier Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Scott Llc -- None Listed On Document
Smith Redgie -- None Listed On Document
B & B Premier Properties Llc -- --
B & B Premier Properties Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2024 01/26/24 Sold $87,000 -8.4% $56 / Sq Ft
01/04/2024 01/04/24 Pending -- -- --
01/02/2024 01/02/24 Price Changed $95,000 -4.9% $61 / Sq Ft
11/27/2023 11/27/23 For Sale $99,900 +33.2% $64 / Sq Ft
10/07/2022 10/07/22 Sold $75,000 -16.6% $96 / Sq Ft View Prior Sale
09/16/2022 09/16/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $89,900 -- $115 / Sq Ft
Source: Indiana Regional MLS

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
2025 $1,120 $59,100 $6,300 $52,800
2024 $1,120 $50,600 $6,300 $44,300
2023 $1,120 $50,600 $6,300 $44,300
2022 $1,130 $51,100 $6,300 $44,800
2021 $964 $42,800 $5,400 $37,400
2020 $1,066 $47,900 $5,400 $42,500
2019 $1,066 $47,900 $5,400 $42,500
2018 $1,066 $47,900 $5,400 $42,500
2017 $1,060 $47,600 $5,400 $42,200
2016 $1,060 $47,600 $5,400 $42,200
2014 $1,025 $49,100 $6,800 $42,300
2013 -- $48,700 $6,800 $41,900
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Audra Cannon

    CRM Properties, Inc

    (765) 431-9111

    5 in this area

    234 Total Sales

    Audra Cannon
    Section Image

  • R

    Buyer's Agent in 2024

    RACI NonMember

    NonMember RACI

  • H

    Seller's Agent in 2022

    Heather Clemmons

    Starr Real Estate, Inc.

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202342932

Indiana Regional MLS

APN: 18-11-23-177-012.000-003

Indiana Delaware County Muncie 47302 Southside

2205 E 18th St, Muncie, IN

Not Listed for Sale

MultiFamily

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 Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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