NOT LISTED FOR SALE

2921 S Monroe St Muncie, IN 47302

Southside Neighborhood

Estimated Value: $57,000 - $112,000

4 Beds
4 Baths
2,468 Sq Ft
$33/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $40,000 $16 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $534/month

230 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Forced Air Heating System
  • Corner Lot
  • Storm Windows
  • Baseboard Heating

About This Home

As of May 2018

Two Separate Units, One 1-story duplex and One 2-story with main level unit and upper level unit for a total of four units. Both buildings under one tax id number and selling as one unit. Owner pays all utilities.

Last Agent to Sell the Property

Cindy Link

RE/MAX Real Estate Groups Listed on: 09/14/2017

RE/MAX Real Estate Groups

Last Buyer's Agent

Aaron Orr

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x125
  • Corner Lot

Home Design

  • Shingle Roof
  • Block Exterior
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Parking

  • Gravel Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

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

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for electric
  • Assessor Parcel Number 18-11-22-339-013.000-003

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,374
  • Maintenance Expense $1,500
  • Water Sewer Expense $1,808

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1933
  • Age: 85
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Sub Wat and P TR Block #28 Lot #8 |
  • Parcel Number ID: 18-11-22-339-013.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Ready, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Storm Windows, Water Heater Electric
  • Cross Street: 23rd & Madison
  • Location: City/Town/Suburb
  • Sp Lp Percent: 80.16
  • Annual Miscellaneous: 600
  • Monthly Gross Income: 1575
  • Year Taxes Payable: 2017
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2468
  • Total Finished Sq Ft: 2468
  • Above Grade Finished Sq Ft: 2468
  • Price Per Sq Ft: 16.21
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl, Wood
  • Main Level Sq Ft: 1988

Exterior Features

  • Exterior: Aluminum, Block, Stone, Vinyl
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Parking: Gravel, Off Street

Utilities

  • Heating Fuel: Electricity, Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1374
  • Annual Maintenance Expense: 1500
  • Annual Water Sewer Expense: 1808
  • Number Electric Meters: 3
  • Number Gas Meters: 2
  • 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: Grissom
  • Middle School: Southside
  • High School: Central
  • Elementary School: Grissom

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 40X125
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric

Multi Family

  • Gross Monthly Rent: 1575
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1462

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2025
Sold by
Chase Equities Llc
Bought by
M And M Estates Llc
Current Estimated Value
$82,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Outstanding Balance
$889,462
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$814,585

Purchase Details

Listed on
Sep 14, 2017
Closed on
May 11, 2018
Sold by
Brown Raymond E and Brown Marylyn K
Bought by
Chase Equities Llc
Seller's Agent
Cindy Link
RE/MAX Real Estate Groups
Buyer's Agent
Aaron Orr
RE/MAX Real Estate Groups
List Price
$49,900
Sold Price
$40,000
Premium/Discount to List
-$9,900
-19.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.85%
Original Mortgage
$33,500
Interest Rate
4.4%
Mortgage Type
New Conventional
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
M And M Estates Llc -- None Listed On Document
Chase Equities Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chase Equities Llc $33,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $40,000 -19.8% $16 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
09/14/2017 09/14/17 For Sale $49,900 -- $20 / 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 $1,192 $53,500 $3,100 $50,400
2023 $1,192 $53,500 $3,100 $50,400
2022 $1,202 $54,000 $3,100 $50,900
2021 $1,122 $50,000 $3,100 $46,900
2020 $1,122 $50,000 $3,100 $46,900
2019 $1,122 $50,000 $3,100 $46,900
2018 $1,518 $69,800 $3,100 $66,700
2017 $1,462 $67,000 $3,000 $64,000
2016 $1,462 $67,000 $3,000 $64,000
2014 $1,385 $65,500 $3,000 $62,500
2013 -- $64,900 $3,000 $61,900
Source: Public Records

Agents Affiliated with this Home

  • Cindy Link

    Seller's Agent in 2018

    Cindy Link

    RE/MAX

    (765) 744-4149

    10 in this area

    79 Total Sales

    Cindy Link
    Section Image
  • Aaron Orr

    Buyer's Agent in 2018

    Aaron Orr

    RE/MAX

    (765) 212-1111

    57 in this area

    731 Total Sales

    Aaron Orr
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201742995

Indiana Regional MLS

APN: 18-11-22-339-013.000-003

Indiana Delaware County Muncie 47302 Southside

2921 S Monroe St, Muncie, IN

This home is located at 2921 S Monroe St, Muncie, IN 47302 since 14 September 2017 and is currently estimated at $82,000, approximately $33 per square foot. This property was built in 1933. 2921 S Monroe St is a home located in Delaware County with nearby schools including Grissom Memorial Elementary School, Muncie Central High School, and Southside 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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