NOT LISTED FOR SALE

308 W Jackson St Muncie, IN 47305

Downtown Muncie Neighborhood

Estimated Value: $85,000 - $170,000

5 Beds
2 Baths
2,508 Sq Ft
$51/Sq Ft Est. Value

Last Sold March 23, 2018

Last sale price $58,000 $23 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $922/month

251 Days on Market

Highlights

  • Victorian Architecture
  • Forced Air Heating and Cooling System
  • 2-minute walk to Community Circle
  • Luxury Vinyl Tile Flooring
  • Level Lot

About This Home

As of March 2018

Downtown Duplex--lots of upside! Adjacent to the Downtown Post Office at Franklin and Jackson St. This property had been used as an office but the last several years it has been used as a duplex with a one bedroom unit on the second floor rented for $600/month and a 4 bedroom unit on the first floor rented for $700. Total current gross monthly income is $1300 with owner paying utilities. Well maintained with 2 high efficiency gas furnaces. Some upgrades to roof and windows as well as newer carpet. Asphalt parking lot to the rear. Potential for small commercial office/retail or continue as residential units. Fully occupied.

Last Agent to Sell the Property

Brian Allardt

Coldwell Banker Real Estate Group Listed on: 06/27/2017

Coldwell Banker Real Estate Group

Last Buyer's Agent

Joann Davis

F.C. Tucker Muncie, REALTORS

F.C. Tucker Muncie, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 38x125
  • Level Lot

Home Design

  • Duplex
  • Victorian Architecture
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 6 Parking Spaces
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Utilities

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

Additional Features

  • Energy-Efficient HVAC
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for electric, fuel, sewer, water
  • Assessor Parcel Number 18-11-09-489-008.000-003

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Fuel Expense $1,500
  • Insurance Expense $780
  • Maintenance Expense $1,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Style: Two Story
  • Architectural Style: Victorian
  • Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: JDW 36 ft STR 092010
  • Parcel Number ID: 18-11-09-489-008.000-003
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 2908
  • Total Finished Sq Ft: 2508
  • Above Grade Finished Sq Ft: 2508
  • Below Grade Sq Ft: 400
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block, Brick
  • Flooring: Carpet, Vinyl Tile
  • Main Level Sq Ft: 1656
  • Total Below Grade Sq Ft: 400
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Rubber
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Lot, Off Street, Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1500
  • Annual Fuel Expense: 1500
  • Annual Insurance Expense: 780
  • Annual Maintenance Expense: 1200
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 38x125
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Green Features

  • Energy Efficient: HVAC

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Sewer, Water
  • Tenant Pays: Cable

Tax Info

  • Annual Property Tax: 2214

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Number Of 4 Bedrooms: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2017
Closed on
Mar 23, 2018
Sold by
Peckinpaugh Trust
Bought by
Kje Investment Trust
Seller's Agent
Brian Allardt
Coldwell Banker Real Estate Group
Buyer's Agent
Joann Davis
F.C. Tucker Muncie, REALTORS
List Price
$76,000
Sold Price
$58,000
Premium/Discount to List
-$18,000
-23.68%
Current Estimated Value
$127,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,333
Avg. Annual Appreciation
10.72%

Purchase Details

Closed on
Nov 24, 2010
Sold by
Peckinpaugh Maurice J
Bought by
Maurice J Peckinpaugh Revocable Trust

Purchase Details

Closed on
Oct 25, 2010
Sold by
Pippenger Joseph I and Pippenger Shirley A
Bought by
Peckinpaugh Maurice J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kje Investment Trust -- --
Maurice J Peckinpaugh Revocable Trust -- None Available
Peckinpaugh Maurice J -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2018 03/23/18 Sold $58,000 -23.7% $23 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
06/27/2017 06/27/17 For Sale $76,000 -- $30 / 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 $3,042 $97,800 $18,900 $78,900
2023 $2,778 $89,000 $18,900 $70,100
2022 $2,802 $89,800 $18,900 $70,900
2021 $2,619 $83,700 $18,900 $64,800
2020 $2,619 $83,700 $18,900 $64,800
2019 $2,499 $79,700 $18,900 $60,800
2018 $2,496 $79,600 $18,900 $60,700
2017 $2,346 $74,600 $18,900 $55,700
2016 $2,268 $72,000 $18,900 $53,100
2014 $2,188 $70,900 $18,900 $52,000
2013 -- $70,300 $18,900 $51,400
Source: Public Records

Agents Affiliated with this Home

  • Brian Allardt

    Seller's Agent in 2018

    Brian Allardt

    Coldwell Banker Real Estate Group

    (765) 808-1400

    4 in this area

    62 Total Sales

    Brian Allardt
    Section Image
  • Joann Davis

    Buyer's Agent in 2018

    Joann Davis

    F.C. Tucker Muncie, REALTORS

    (765) 748-1316

    173 Total Sales

    Joann Davis
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201729220

Indiana Regional MLS

APN: 18-11-09-489-008.000-003

Indiana Delaware County Muncie 47305 Downtown Muncie

308 W Jackson St, Muncie, IN

Not Listed for Sale

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