$30,000
SOLD MAY 10, 2019

402 W 7th St Muncie, IN 47302

Thomas Park-Avondale Neighborhood
-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Recently Sold

45% Below List Price

71 Days on Market

About This Home

As of May 2019

5 unit rental property tenant occupied and cash flowing...this property consists of a double, a tri-plex with a garage in between.

Last Agent to Sell the Property

Kathryn Townsend

Kathryn Townsend Listed on: 02/18/2019

Co-Listed By

Donald Piersall

Last Buyer's Agent

Donald Piersall

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $702

Year Built

  • Built in 1909

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space

Listing and Financial Details

  • Tenant pays for insurance
  • The owner pays for sewer, water
  • Assessor Parcel Number 18-11-16-433-0143000-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$702

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1909
  • Co List Office Phone: 317-201-8597
  • Lot Size Acres: 0.17
  • Structure Type: Duplex, Triplex
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: 5 unit rental property tenant occupied and cash flowing...this property consists of a double, a tri-plex with a garage in between.
  • Transaction Type: Sale
  • Unit Count: 5
  • Conversion: 1
  • Lifestyles: Double/Duplex
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Sewer, Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections Some

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block, Crawl Space
  • List Price: 55000
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: Parking Garage

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 550

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 18-11-16-433-0143000-003
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Storm Sewer,Suburban
  • Lot Number: 6
  • Lot Size: 62x125

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Insurance, Other

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 702
  • Semi Annual Property Tax Amt: 351
  • Tax Exemption: None

MLS Schools

  • School District: Muncie Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2022
Sold by
Slm Indiana Investments Llc
Bought by
Muncie 20 Llc

Purchase Details

Listed on
Feb 18, 2019
Closed on
May 10, 2019
Sold by
Lmcc Real Estate Llc
Bought by
Slm Indiana Investments Llc
Seller's Agent
Kathryn Townsend
Kathryn Townsend
Buyer's Agent
Donald Piersall
List Price
$55,000
Sold Price
$30,000
Premium/Discount to List
-$25,000
-45.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.75%

Purchase Details

Closed on
May 22, 2012
Sold by
Wilber Ricky
Bought by
Lmcc Real Estate Llc

Purchase Details

Closed on
Mar 14, 2012
Sold by
Smith Richard G and Smith Richard Gene
Bought by
Wilber Ricky
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed -- Hall Render Killian Heath & Ly
Warranty Deed -- In Title
Warranty Deed -- None Available
Warranty Deed -- In Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Pending -- -- --
06/10/2025 06/10/25 Off Market $75,000 -- --
06/10/2025 06/10/25 For Sale $75,000 0.0% --
05/27/2025 05/27/25 Off Market $75,000 -- --
04/17/2025 04/17/25 Price Changed $75,000 -11.8% --
01/08/2025 01/08/25 For Sale $85,000 +183.3% --
05/10/2019 05/10/19 Sold $30,000 -45.5% --
02/18/2019 02/18/19 For Sale $55,000 -- --
Source: MIBOR Broker Listing Cooperative®

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 $988 $44,000 $4,200 $39,800
2023 $2,506 $44,000 $4,200 $39,800
2022 $996 $44,400 $4,200 $40,200
2021 $926 $40,900 $4,200 $36,700
2020 $866 $37,900 $4,200 $33,700
2019 $866 $37,900 $4,200 $33,700
2018 $920 $37,900 $4,200 $33,700
2017 $810 $35,100 $4,200 $30,900
2016 $810 $35,100 $4,200 $30,900
2014 $879 $40,900 $4,200 $36,700
2013 -- $38,800 $4,200 $34,600
Source: Public Records

Agents Affiliated with this Home

  • Peter Stewart

    Seller's Agent in 2025

    Peter Stewart

    Keller Williams Indpls Metro N

    (317) 450-9202

    430 Total Sales

    Peter Stewart
    Section Image

  • J

    Buyer's Agent in 2025

    Jordan Phillips

    eXp Realty, LLC

    Section Image

  • K

    Seller's Agent in 2019

    Kathryn Townsend

    Kathryn Townsend

    Section Image

  • D

    Seller Co-Listing Agent in 2019

    Donald Piersall

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21619196

MIBOR Broker Listing Cooperative®

APN: 18-11-16-433-014.000-003

Indiana Delaware County Muncie 47302 Thomas Park-Avondale

402 W 7th St, Muncie, IN

This home is located at 402 W 7th St, Muncie, IN 47302 and is currently priced at $30,000. This property was built in 1909. 402 W 7th St is a home located in Delaware County with nearby schools including South View Elementary School, Muncie Central High School, and Southside 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.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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