NOT LISTED FOR SALE

318 1/2 S Calvert St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $129,000 - $145,000

3 Beds
2 Baths
1,170 Sq Ft
$116/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $132,000 $113 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $976/month

83 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Baseboard Heating
  • Enclosed patio or porch
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

As of January 2024

This unique property features two standalone homes, 318 S Calvert and 318 1/2 S Calvert. The larger home includes 2-bedroom and 1 bath, while the second 1 bed 1 bath home is quaintly tucked away perfect for a renters wanting some space to themselves. This Property is perfectly positioned in close proximity to the BSU campus and Ball Memorial Hospital. This stand-alone oasis offers not only easy access to local shops, eateries, and campus life but also features private laundry, off-street parking, and a shared backyard. Don't miss this unique opportunity to start of build you investment portfolio. leases are signed through the 23-24 school year equaling $1385 in rent and tenants pay utilities.

Last Agent to Sell the Property

Emma Schuck

NextHome Elite Real Estate Brokerage Phone: 765-744-8391 Listed on: 08/18/2023

NextHome Elite Real Estate

Last Buyer's Agent

Diana Martin

NonMember MEIAR

NonMember MEIAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,034

Year Built

  • Built in 1910

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,170 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laundry in Kitchen

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Wood
  • Partially Carpeted
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Enclosed patio or porch
  • Outbuilding

Schools

  • Westview Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating, trash collection, water
  • The owner pays for building insurance, tax
  • Assessor Parcel Number 18-11-17-231-008.000-003

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $713

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,034

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1910
  • Age: 113
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: MOCK ADD LOT 33
  • Parcel Number ID: 18-11-17-231-008.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Countertops-Laminate, Deck Open, Eat-In Kitchen, Porch Enclosed, Water Heater Electric
  • Cross Street: Jackson
  • Inside City Limits: Yes
  • Location: Near College Campus
  • Sp Lp Percent: 91.03
  • Monthly Gross Income: 1385
  • Year Taxes Payable: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1170
  • Total Finished Sq Ft: 1170
  • Above Grade Finished Sq Ft: 1170
  • Price Per Sq Ft: 112.82
  • Basement Foundation: Crawl
  • Flooring: Part Carpet, Vinyl Tile, Wood
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Dimensional Shingles
  • Stories: 1
  • Outbuilding: Outbuilding
  • Outbuilding Sq Ft: 576

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 3
  • Parking: Off Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Indiana American Water Co
  • Annual Insurance Expense: 713
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Muncie Community Schools
  • Elementary School: Westview
  • Middle School: Northside
  • High School: Central
  • Elementary School: Westview

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 50x125
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1385
  • Number Of Dishwashers: 1
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2034

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2024
Sold by
Wendel Michael and Wendel Michele
Bought by
Happy Saguaro Rentals Llc
Total Days on Market
83
Current Estimated Value
$135,613

Purchase Details

Listed on
Aug 18, 2023
Closed on
Jan 5, 2024
Sold by
Cardinal Cribs Llc
Bought by
Wendel Michael and Wendel Michele
Seller's Agent
Emma Schuck
NextHome Elite Real Estate
Buyer's Agent
Diana Martin
NonMember MEIAR
List Price
$145,000
Sold Price
$132,000
Premium/Discount to List
-$13,000
-8.97%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.89%

Purchase Details

Closed on
Sep 16, 2016
Sold by
Furbee Douglas D and Furbee Lucinda V
Bought by
Cardinal Cribs Llc
Source: Public Records

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Range of Values:

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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
Happy Saguaro Rentals Llc -- None Listed On Document
Wendel Michael $132,000 None Listed On Document
Cardinal Cribs Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cardinal Cribs Llc $100,000
Previous Owner Caridnal Cribs Llc $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $132,000 -9.0% $113 / Sq Ft
11/09/2023 11/09/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $145,000 0.0% $124 / Sq Ft
09/07/2023 09/07/23 Pending -- -- --
09/02/2023 09/02/23 For Sale $145,000 0.0% $124 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $145,000 -- $124 / 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 $2,626 $125,900 $15,100 $110,800
2023 $2,427 $113,100 $12,600 $100,500
2022 $2,034 $94,000 $12,600 $81,400
2021 $1,970 $91,100 $13,200 $77,900
2020 $1,716 $78,700 $12,600 $66,100
2019 $1,716 $78,700 $12,600 $66,100
2018 $1,716 $78,700 $12,600 $66,100
2017 $1,713 $78,600 $13,200 $65,400
2016 $1,684 $77,200 $13,100 $64,100
2014 $1,745 $85,100 $12,400 $72,700
2013 -- $85,000 $12,400 $72,600
Source: Public Records

Agents Affiliated with this Home

  • Emma Schuck

    Seller's Agent in 2024

    Emma Schuck

    NextHome Elite Real Estate

    (765) 744-8391

    2 in this area

    22 Total Sales

    Emma Schuck
    Section Image

  • D

    Buyer's Agent in 2024

    Diana Martin

    NonMember MEIAR

    (765) 747-7197

    32 in this area

    3,904 Total Sales

    Diana Martin
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202329724

Indiana Regional MLS

APN: 18-11-17-231-008.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

318 1/2 S Calvert St, Muncie, IN

This home is located at 318 1/2 S Calvert St, Muncie, IN 47303 since 18 August 2023 and is currently estimated at $135,613, approximately $115 per square foot. This property was built in 1910. 318 1/2 S Calvert St is a home located in Delaware County with nearby schools including West View Elementary School, Muncie Central High School, and Northside 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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