$138,000
SOLD DEC 20, 2023

328 W 22nd St Anderson, IN 46016

5 Beds
3.5 Baths
2,020 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$68 Per Sq Ft

7% Above List Price

38 Days on Market

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Corner Lot
  • Laundry in Utility Room
  • Wood Siding

About This Home

As of December 2023

INVESTMENT TRIPLEX This nice income producing property is just blocks away from Ascension St Vincent hospital.. Great location close to I-69, shopping and dining. The primary home features 2- 2 bedroom units. The main floor unit has 2 bedrooms, a nice living room, and roomy kitchen/dining area. There is also a washer dryer hookup. The second 2 story unit has 2 large bedrooms, a living area, big kitchen and dining area. There is also a washer dryer hookup. The 3rd studio unit is located in a separate structure above a detached garage. Tenants pay all utilities and units are separately metered. Newer roof as of 2022. Priced to sell! Immediate cash flow property Other investment properties available for a package deal.

Last Agent to Sell the Property

Joann Davis

F.C. Tucker Muncie, REALTORS Brokerage Phone: 765-748-1316 Listed on: 09/13/2023

F.C. Tucker Muncie, REALTORS

Last Buyer's Agent

Diana Martin

NonMember MEIAR

NonMember MEIAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,064

Year Built

  • Built in 1928

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40x112
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • On-Street Parking

Location

  • Suburban Location

Schools

  • Anderson Elementary School
  • Highland Junior High
  • Anderson High School

Utilities

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

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, sewer, water
  • The owner pays for lawn maintenance
  • Assessor Parcel Number 48-11-13-304-205.000-003

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Trash Expense $180
  • Water Sewer Expense $1,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,064

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1928
  • Age: 95
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: CHERRYS 0.0000ACRES STR: 0000 SESCTION PLAT 00 IN: OUT
  • Parcel Number ID: 48-11-13-304-205.000-003
  • Platted: Yes
  • Amenities: Cable Ready, Countertops-Laminate, Deck Open, Detector-Smoke, Eat-In Kitchen, Water Heater Gas, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 106.98
  • Monthly Gross Income: 2015
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2345
  • Total Finished Sq Ft: 2020
  • Above Grade Finished Sq Ft: 2020
  • Above Grade Unfinished Sq Ft: 325
  • Price Per Sq Ft: 68.32
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1474
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick, Vinyl, Wood
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2
  • Parking: Gravel, Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Anderson City Utilities
  • Cable Company: Comcast, AT&T
  • Annual Trash Expense: 180
  • Annual Water Sewer Expense: 1260
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 2
  • Number Water Meters: 3

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • School District: Anderson Community
  • Elementary School: Anderson
  • Middle School: Highland Junior High
  • High School: Anderson
  • Elementary School: Anderson

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 40X112
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 2015
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1064

MLS Schools

  • High School: Anderson
  • Middle School: Highland Junior High
  • School District: Anderson Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2023
Closed on
Dec 19, 2023
Sold by
Iwasaki Kallin
Bought by
Inspired Investments Llc-S Series 8
Seller's Agent
Joann Davis
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Diana Martin
NonMember MEIAR
List Price
$129,000
Sold Price
$138,000
Premium/Discount to List
$9,000
6.98%
Views
44
Current Estimated Value
$150,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,720
Avg. Annual Appreciation
2.09%
Original Mortgage
$110,400
Outstanding Balance
$109,101
Interest Rate
7.44%
Mortgage Type
Credit Line Revolving
Estimated Equity
$33,561

Purchase Details

Listed on
Apr 26, 2022
Closed on
May 31, 2022
Sold by
Robert Strough
Bought by
Iwasaki Kallin
Seller's Agent
Jacqueline Alexander
Green Forest Realty
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$119,900
Sold Price
$118,000
Premium/Discount to List
-$1,900
-1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$84,000
Interest Rate
5.11%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $138,000 None Listed On Document
Warranty Deed $118,000 Hall Render Killian Heath & Ly
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $110,400 Credit Line Revolving
Previous Owner $84,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Sold $138,000 +7.0% $68 / Sq Ft
10/21/2023 10/21/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $129,000 0.0% $64 / Sq Ft
09/19/2023 09/19/23 Pending -- -- --
09/13/2023 09/13/23 For Sale $129,000 +9.3% $64 / Sq Ft
05/31/2022 05/31/22 Sold $118,000 -1.6% $65 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $119,900 -- $66 / 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 $2,936 $132,100 $4,100 $128,000
2023 $2,687 $120,100 $3,900 $116,200
2022 $1,065 $47,600 $3,800 $43,800
2021 $608 $27,000 $3,800 $23,200
2020 $581 $25,700 $3,600 $22,100
2019 $568 $25,100 $3,600 $21,500
2018 $533 $23,100 $3,600 $19,500
2017 $458 $22,900 $3,600 $19,300
2016 $458 $22,900 $3,600 $19,300
2014 $964 $48,200 $3,900 $44,300
2013 $964 $48,200 $3,900 $44,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202333352

Indiana Regional MLS

APN: 48-11-13-304-205.000-003