NOT LISTED FOR SALE

305 E 9th St Muncie, IN 47302

South Central Neighborhood

Estimated Value: $83,000 - $107,000

4 Beds
3 Baths
3,000 Sq Ft
$31/Sq Ft Est. Value

Last Sold April 12, 2017

Last sale price $40,000 $13 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $615/month

12 Days on Market

Highlights

  • Corner Lot
  • Government Subsidized Program
  • Carpet
  • 1 Car Detached Garage
  • Storm Doors

About This Home

As of April 2017

Great income opportunity. 3 apartments that have been rented by same tenants for over 5 years bringing in over $1200 a month

Last Agent to Sell the Property

Jeff Lawson

F.C. Tucker Fort Wayne Listed on: 03/17/2017

F.C. Tucker Fort Wayne

Last Buyer's Agent

Jeff Lawson

F.C. Tucker Fort Wayne Listed on: 03/17/2017

F.C. Tucker Fort Wayne

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $500

Year Built

  • Built in 1896

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 43x142
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Carpet
  • Basement Fills Entire Space Under The House
  • Storm Doors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Farming

  • Government Subsidized Program

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for electric, fuel, sewer, water
  • Assessor Parcel Number 15-08-87-200-000.000-000

Community Details

Overview

  • 3 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Electric Expense $1,000
  • Fuel Expense $800
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$500

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1896
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Grays ADD lot 11
  • Parcel Number ID: 15-08-87-200-000.000-000
  • Platted: Yes
  • Amenities: Storm Doors
  • Location: Near College Campus
  • Government Subsidized: Yes
  • Special Features: None

Interior Features

  • Total Sq Ft: 3584
  • Total Finished Sq Ft: 3000
  • Above Grade Finished Sq Ft: 3000
  • Below Grade Sq Ft: 584
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 584
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1000
  • Annual Fuel Expense: 800
  • Annual Water Sewer Expense: 1200
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 43x142
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Owner Pays: Electric, Fuel, Sewer, Water

Tax Info

  • Annual Property Tax: 500

Multi Family

  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2017
Closed on
Apr 10, 2017
Sold by
Fenix Properties Llc
Bought by
Horizon Trust Co
Seller's Agent
Jeff Lawson
F.C. Tucker Fort Wayne
Buyer's Agent
Jeff Lawson
F.C. Tucker Fort Wayne
List Price
$45,000
Sold Price
$40,000
Premium/Discount to List
-$5,000
-11.11%
Current Estimated Value
$94,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,052
Avg. Annual Appreciation
10.44%

Purchase Details

Listed on
Jun 18, 2012
Closed on
Nov 16, 2012
Sold by
Star Financial Bank
Bought by
Fenix Properties Llc
Seller's Agent
Greg Niccum
Midwest Real Estate Company LLC
Buyer's Agent
Greg Niccum
Midwest Real Estate Company LLC
List Price
$24,900
Sold Price
$16,000
Premium/Discount to List
-$8,900
-35.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.15%

Purchase Details

Closed on
Jan 13, 2012
Sold by
Dugger Steven R and Dugger Rhonda L
Bought by
Star Financial Bank

Purchase Details

Closed on
Oct 20, 2005
Sold by
Gephart K David and Gephart Rachael J
Bought by
Sugger Steven R
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
Horizon Trust Co -- Centurion Land Title
Fenix Properties Llc -- Youngs Title
Star Financial Bank $40,000 None Available
Sugger Steven R -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2017 04/12/17 Sold $40,000 -11.1% $13 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $45,000 +181.3% $15 / Sq Ft
11/19/2012 11/19/12 Sold $16,000 -35.7% $9 / Sq Ft View Prior Sale
10/31/2012 10/31/12 Pending -- -- --
06/18/2012 06/18/12 For Sale $24,900 -- $13 / 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 $1,428 $66,000 $5,800 $60,200
2023 $1,292 $59,200 $4,800 $54,400
2022 $1,202 $54,700 $4,800 $49,900
2021 $1,004 $44,800 $3,200 $41,600
2020 $1,046 $46,900 $5,300 $41,600
2019 $1,090 $49,100 $5,300 $43,800
2018 $1,144 $49,100 $5,300 $43,800
2017 $1,096 $49,400 $5,900 $43,500
2016 $1,096 $49,400 $5,900 $43,500
2014 $1,131 $54,400 $7,300 $47,100
2013 -- $53,900 $7,300 $46,600
Source: Public Records

Agents Affiliated with this Home

  • Jeff Lawson

    Seller's Agent in 2017

    Jeff Lawson

    F.C. Tucker Fort Wayne

    (260) 450-9205

    130 Total Sales

    Jeff Lawson
    Section Image
  • Greg Niccum

    Seller's Agent in 2012

    Greg Niccum

    Midwest Real Estate Company LLC

    (765) 808-1125

    1 in this area

    20 Total Sales

    Greg Niccum
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201710911

Indiana Regional MLS

APN: 18-11-15-357-002.000-003

Indiana Delaware County Muncie 47302 South Central

305 E 9th St, Muncie, IN

Not Listed for Sale

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