NOT LISTED FOR SALE

324 W Adams St Muncie, IN 47305

Downtown Muncie Neighborhood

Estimated Value: $50,000 - $93,000

3 Beds
2 Baths
1,840 Sq Ft
$37/Sq Ft Est. Value

Last Sold December 11, 2012

Last sale price $32,000 $17 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $453/month

94 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • 2-minute walk to Clifton Wallace Park

About This Home

As of December 2012

Nice 2 unit apartment on corner lot near downtown Muncie. Downstairs unit rents for $450, upstairs $425. This 2 unit is very well maintained and asking price is lower than assessed valuation. Leases available for review upon request.

Last Agent to Sell the Property

Dave Taylor

Coldwell Banker Real Estate Group Listed on: 07/16/2012

Last Buyer's Agent

Dave Taylor

Coldwell Banker Real Estate Group Listed on: 07/16/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $776

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 35x62
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Crawl Space

Schools

  • Washington Carver Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for building insurance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 1116227010000003

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $677
  • Maintenance Expense $800
  • Water Sewer Expense $610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$776

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 114
  • Style: Two Story
  • Legal Description: SS Addistion W 35' lot #6 |
  • Parcel Number ID: 1116227010000003
  • Platted: Yes
  • Amenities: Cable Ready, Water Heater Gas
  • Zoning Description: res
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 1840
  • Total Finished Sq Ft: 1840
  • Above Grade Finished Sq Ft: 1840
  • Price Per Sq Ft: 17.39
  • Basement Foundation: Crawl
  • Main Level Sq Ft: 920

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Shingle

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M, CenterPoint Energy
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Annual Insurance Expense: 677
  • Annual Maintenance Expense: 800
  • Annual Water Sewer Expense: 610

Schools

  • Elementary School: Washington Carver
  • Middle School: Northside
  • High School: Central
  • Elementary School: Washington Carver

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 35x62
  • Estimated Lot Sq Ft: 2178
  • Estimated Lot Size Acres: 0.05

Rental Info

  • Owner Pays: Building Insurance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric, Fuel

Tax Info

  • Total Assessed Value: 38800
  • Annual Property Tax: 776

Multi Family

  • Number Of Units: 2

MLS Schools

  • High School: Central
  • Middle School: Northside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2022
Sold by
Bhai and Rozina
Bought by
Nam Jinhee
Current Estimated Value
$68,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Outstanding Balance
$41,720
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$26,986

Purchase Details

Closed on
Nov 24, 2021
Sold by
Justice Colt
Bought by
Bhai Aziz and Bhai Rozina Noorani

Purchase Details

Listed on
Jul 16, 2012
Closed on
Dec 11, 2012
Sold by
Hill Frank D
Bought by
Justice Colt and Jennings Wade
Seller's Agent
Dave Taylor
Coldwell Banker Real Estate Group
Buyer's Agent
Dave Taylor
Coldwell Banker Real Estate Group
List Price
$36,500
Sold Price
$32,000
Premium/Discount to List
-$4,500
-12.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%
Original Mortgage
$24,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2006
Sold by
Slusher Frederick
Bought by
Hill Frank D
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
Nam Jinhee -- Hocker Janet Davis
Bhai Aziz -- None Listed On Document
Bhai Aziz $27,000 None Available
Justice Colt -- Itic
Hill Frank D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nam Jinhee $43,200
Previous Owner Justice Colt $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2012 12/11/12 Sold $32,000 -12.3% $17 / Sq Ft
10/18/2012 10/18/12 Pending -- -- --
07/16/2012 07/16/12 For Sale $36,500 -- $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 $1,066 $47,900 $2,800 $45,100
2023 $908 $40,000 $2,400 $37,600
2022 $868 $38,000 $2,400 $35,600
2021 $654 $27,300 $3,000 $24,300
2020 $636 $26,400 $3,000 $23,400
2019 $636 $26,400 $3,000 $23,400
2018 $612 $25,200 $3,000 $22,200
2017 $624 $25,800 $3,000 $22,800
2016 $624 $25,800 $3,000 $22,800
2014 $489 $22,300 $2,900 $19,400
2013 -- $21,400 $2,800 $18,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    Dave Taylor

    Coldwell Banker Real Estate Group

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 20020273

Indiana Regional MLS

APN: 18-11-16-227-010.000-003

Indiana Delaware County Muncie 47305 Downtown Muncie

324 W Adams St, Muncie, IN

This home is located at 324 W Adams St, Muncie, IN 47305 since 16 July 2012 and is currently estimated at $68,706, approximately $37 per square foot. This property was built in 1900. 324 W Adams St is a home located in Delaware County with nearby schools including Muncie Central High School, South View Elementary 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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