NOT LISTED FOR SALE

2701 N Morrison Rd Muncie, IN 47304

Lantern-Pearwood-Keller Neighborhood

Estimated Value: $186,000 - $222,000

2 Beds
4 Baths
1,932 Sq Ft
$106/Sq Ft Est. Value

Last Sold November 01, 2021

Last sale price $145,000 $75 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,314/month

92 Days on Market

Highlights

  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Carpet
  • Pleasant View Elementary School Rated A-
  • Level Lot
  • 1-Story Property

About This Home

As of November 2021

Great investment property. 2 units with income potential. Each unit has a nice size kitchen with all appliances included. 2 bedrooms. Washer and dryer hookup. Basement area. Each unit has an attached garage.

Last Agent to Sell the Property

Michael Burke

Burke Realty Listed on: 06/21/2021

Burke Realty

Last Buyer's Agent

Michael Burke

Burke Realty Listed on: 06/21/2021

Burke Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,748

Year Built

  • Built in 1979

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 143x100
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Stone Exterior Construction

Interior Spaces

  • 1-Story Property
  • Carpet
  • Unfinished Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 2 Bedrooms

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cooling, electric, heating, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 18-10-01-276-013.000-036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,748

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1979
  • Age: 42
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 4
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 2
  • Legal Description: KELLER WEST SEC B Lot # 48
  • Parcel Number ID: 18-10-01-276-013.000-036
  • Platted: Yes
  • Amenities: Basement
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 96.67
  • Monthly Gross Income: 1500
  • Special Features: None

Interior Features

  • Total Sq Ft: 3864
  • Total Finished Sq Ft: 1932
  • Above Grade Finished Sq Ft: 1932
  • Below Grade Sq Ft: 1932
  • Price Per Sq Ft: 75.05
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Basement Material: Block
  • Flooring: Carpet
  • Main Level Sq Ft: 1932
  • Total Below Grade Sq Ft: 1932
  • Number Of Ranges Ovens: 2

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 2

Schools

  • School District: Yorktown Community Schools
  • Elementary School: Pleasant View (K-2) Yorktown (3-5)
  • Middle School: Yorktown
  • High School: Yorktown

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 143x100
  • Estimated Lot Sq Ft: 13939
  • Estimated Lot Size Acres: 0.32

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cooling, Electric, Heating, Water

Tax Info

  • Total Assessed Value: 121000

Multi Family

  • Gross Monthly Rent: 1500
  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2025
Sold by
Burke Property Group Llc
Bought by
Marshall Bradley
Current Estimated Value
$204,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Outstanding Balance
$145,234
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$59,331

Purchase Details

Listed on
Jun 21, 2021
Closed on
Oct 19, 2021
Sold by
Keller Trust
Bought by
Burke Property Group Llc
Seller's Agent
Michael Burke
Burke Realty
Buyer's Agent
Michael Burke
Burke Realty
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$480,000
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2017
Sold by
Impresa Llc
Bought by
Keller Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,300
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2016
Sold by
Keller Trust
Bought by
Impresa Llc
Source: Public Records

Range of Values:

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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
Marshall Bradley -- None Listed On Document
Marshall Bradley -- None Listed On Document
Burke Property Group Llc $135,000 None Available
Keller Trust -- --
Impresa Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marshall Bradley $146,250
Closed Marshall Bradley $146,250
Previous Owner Burke Property Group Llc $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Sold $145,000 -3.3% $75 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $150,000 0.0% $78 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $150,000 0.0% $78 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $150,000 -- $78 / 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 $2,748 $131,000 $15,200 $115,800
2023 $2,748 $131,000 $15,200 $115,800
2022 $2,776 $132,400 $15,200 $117,200
2021 $2,548 $121,000 $14,100 $106,900
2020 $2,468 $117,000 $14,100 $102,900
2019 $2,526 $119,900 $14,100 $105,800
2018 $2,526 $119,900 $14,100 $105,800
2017 $2,494 $118,300 $14,100 $104,200
2016 $2,494 $118,300 $14,100 $104,200
2014 $2,427 $118,200 $14,100 $104,100
2013 -- $114,200 $14,100 $100,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Burke

    Burke Realty

    (765) 808-0832

    5 in this area

    146 Total Sales

    Michael Burke
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Map

Source: Indiana Regional MLS

MLS Number: 202123899

Indiana Regional MLS

APN: 18-10-01-276-013.000-036

Indiana Delaware County Muncie 47304 Lantern-Pearwood-Keller

2701 N Morrison Rd, Muncie, IN

This home is located at 2701 N Morrison Rd, Muncie, IN 47304 since 21 June 2021 and is currently estimated at $204,565, approximately $105 per square foot. This property was built in 1979. 2701 N Morrison Rd is a home located in Delaware County with nearby schools including Pleasant View Elementary School, Yorktown Elementary School, and Yorktown 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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