NOT LISTED FOR SALE

406 E Gilbert St Muncie, IN 47305

Estimated Value: $120,000 - $141,000

4 Beds
3 Baths
2,320 Sq Ft
$56/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $18,450 $8 Per Sq Ft

Est. 601% increase in value since last sale

Current estimated payment $852/month

12 Days on Market

Highlights

  • Laundry in Utility Room
  • Level Lot
  • 3-minute walk to Gilbert Park
  • Forced Air Heating System

About This Home

As of February 2019

Sold AS-IS. Bank approval needed on all offers. CPC is the property managing this property. Total of 16 properties in portfolio for sale. Properties can be packaged together. MLS #s:201850042,201850034, 201850033, 201850019, 201850014, 201850022, 201850023, 201850025, 201850032, 201850030, 201850028, 201850029, 201850020, 201850021, 201850026, 201850010

Last Agent to Sell the Property

Kari Blevins

Coldwell Banker Real Estate Group Listed on: 11/09/2018

Coldwell Banker Real Estate Group

Last Buyer's Agent

Aaron Orr

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 4,125 Sq Ft Lot
  • Lot Dimensions are 33x125
  • Level Lot

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for electric, fuel, lawn maintenance, sewer, trash collection, water
  • Assessor Parcel Number 181110354008000003

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1870
  • Age: 148
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: JW ADD W 33 FT 0.0000Acres STR:102010 IN: 6 OUT: |
  • Parcel Number ID: 181110354008000003
  • Platted: Yes
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 61.71
  • Monthly Gross Income: 675
  • Special Features: None

Interior Features

  • Total Sq Ft: 3507
  • Total Finished Sq Ft: 2320
  • Above Grade Finished Sq Ft: 2320
  • Below Grade Sq Ft: 1187
  • Price Per Sq Ft: 7.95
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Main Level Sq Ft: 1187
  • Total Below Grade Sq Ft: 1187

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 1

Schools

  • School District: Muncie Community Schools
  • Elementary School: East Washington Academy
  • Middle School: Northside
  • High School: Central

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 33X125
  • Estimated Lot Sq Ft: 4125
  • Estimated Lot Size Acres: 0.095

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Electric, Fuel, Lawn Maintenance, Sewer, Trash Collection, Water

Tax Info

  • Total Assessed Value: 65300
  • Annual Property Tax: 1372

Multi Family

  • Gross Monthly Rent: 675
  • Number Of Units: 3
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2025
Sold by
Chase Equities Muncie Llc
Bought by
M And M Estates Llc
Current Estimated Value
$129,333

Purchase Details

Listed on
Nov 9, 2018
Closed on
Feb 28, 2019
Sold by
Stonebraker Re Holdings Llc
Bought by
Chase Equities Muncie Llc
Seller's Agent
Kari Blevins
Coldwell Banker Real Estate Group
Buyer's Agent
Aaron Orr
RE/MAX Real Estate Groups
List Price
$29,900
Sold Price
$18,450
Premium/Discount to List
-$11,450
-38.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.20%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
M And M Estates Llc -- Meridian Title
Chase Equities Muncie Llc -- In Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $18,450 -38.3% $8 / Sq Ft
11/21/2018 11/21/18 Pending -- -- --
11/09/2018 11/09/18 For Sale $29,900 -- $13 / 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 $2,006 $94,900 $8,900 $86,000
2023 $1,610 $75,100 $7,400 $67,700
2022 $1,444 $66,800 $10,700 $56,100
2021 $1,574 $73,300 $10,700 $62,600
2020 $1,330 $61,100 $8,900 $52,200
2019 $1,490 $69,100 $8,900 $60,200
2018 $1,414 $65,300 $8,100 $57,200
2017 $1,372 $63,200 $7,100 $56,100
2016 $1,318 $60,500 $7,100 $53,400
2014 $1,277 $61,700 $6,700 $55,000
2013 -- $61,100 $6,700 $54,400
Source: Public Records

Agents Affiliated with this Home

  • Kari Blevins

    Seller's Agent in 2019

    Kari Blevins

    Coldwell Banker Real Estate Group

    (765) 729-7977

    179 Total Sales

    Kari Blevins
    Section Image
  • Aaron Orr

    Buyer's Agent in 2019

    Aaron Orr

    RE/MAX

    (765) 212-1111

    726 Total Sales

    Aaron Orr
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201850019

Indiana Regional MLS

APN: 18-11-10-354-008.000-003

Indiana Delaware County Muncie 47305

406 E Gilbert St, Muncie, IN

This home is located at 406 E Gilbert St, Muncie, IN 47305 since 09 November 2018 and is currently estimated at $129,333, approximately $55 per square foot. This property was built in 1870. 406 E Gilbert St is a home located in Delaware County with nearby schools including East Washington Academy, 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.

Nearby Homes