NOT LISTED FOR SALE

Estimated Value: $52,939 - $138,000

2 Beds
4 Baths
3,567 Sq Ft
$27/Sq Ft Est. Value

Last Sold June 17, 2016

Last sale price $24,900 $7 Per Sq Ft

Est. 283% increase in value since last sale

Current estimated payment $526/month

7 Days on Market

Highlights

  • Cape Cod Architecture
  • 1 Car Detached Garage
  • Eat-In Kitchen
  • Wood Flooring
  • Enclosed Patio or Porch
  • 1-minute walk to Cornerstone Park

About This Home

As of June 2016

Investment opportunity in downtown Muncie. Next to the newly created park across from the Fire Station. This 4-unit rental property is just waiting for a little TLC to get it back into shape. 2-1 bedroom units downstairs, and 2 efficiency units upstairs.

Last Agent to Sell the Property

Duane Cook

F.C. Tucker Muncie, REALTORS Listed on: 12/15/2015

Last Buyer's Agent

LAF NonMember

NonMember LAF

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 43x125
  • Level Lot

Home Design

  • Quadruplex
  • Cape Cod Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Eat-In Kitchen
  • Partially Finished Basement

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Schools

  • East Washington Academy Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Window Unit Cooling System
  • SEER Rated 13+ Air Conditioning Units
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Enclosed Patio or Porch
  • Suburban Location

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for sewer, water
  • The owner pays for electric
  • Assessor Parcel Number 18-11-10-366-007.000-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1900
  • Age: 115
  • Style: One and Half Story
  • Architectural Style: Cape Cod
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: K 1 Add 10Fx125F Alley Adj W 33 HLF Lot #7 |
  • Parcel Number ID: 18-11-10-366-007.000-003
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Eat-In Kitchen, Porch Enclosed
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2015
  • Special Features: 12

Interior Features

  • Total Sq Ft: 4990
  • Total Finished Sq Ft: 3567
  • Above Grade Finished Sq Ft: 3567
  • Below Grade Sq Ft: 1423
  • Price Per Sq Ft: 6.98
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Brick, Poured Concrete
  • Flooring: Carpet, Vinyl, Wood
  • Main Level Sq Ft: 1967
  • Total Below Grade Sq Ft: 1423
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Shingle
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 5
  • Parking: Off Street

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Hvac: HVAC (13 Seer)
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 43x125
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Owner Pays: Electric
  • Tenant Pays: Sewer, Water

Tax Info

  • Total Assessed Value: 81000
  • Annual Property Tax: 1721.2

Multi Family

  • Number Of Units: 4
  • Num Of1 Bedrooms: 2
  • Num Of Efficiencies: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2015
Closed on
Jun 17, 2016
Sold by
Dillon Laura and Hiatt Leslie
Bought by
Forditude Holdings Ii Llc
Seller's Agent
Duane Cook
F.C. Tucker Muncie, REALTORS
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$24,900
Sold Price
$24,900
Total Days on Market
7
Current Estimated Value
$95,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,570
Avg. Annual Appreciation
14.84%
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
Forditude Holdings Ii Llc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2016 06/17/16 Sold $24,900 0.0% $7 / Sq Ft
12/22/2015 12/22/15 Pending -- -- --
12/15/2015 12/15/15 For Sale $24,900 -- $7 / 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 $69 $2,300 $2,300 $0
2023 $69 $2,300 $2,300 $0
2022 $69 $2,300 $2,300 $0
2021 $69 $2,300 $2,300 $0
2020 $716 $28,900 $2,300 $26,600
2019 $1,566 $71,400 $2,300 $69,100
2018 $1,562 $71,200 $2,300 $68,900
2017 $1,548 $70,500 $2,300 $68,200
2016 $1,548 $70,500 $2,300 $68,200
2014 $1,721 $81,000 $2,300 $78,700
2013 -- $80,100 $2,300 $77,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201555995

Indiana Regional MLS

APN: 18-11-10-366-007.000-003