NOT LISTED FOR SALE

414 S Pershing Dr Muncie, IN 47305

East Central Neighborhood

Estimated Value: $101,000 - $175,004

8 Beds
9 Baths
8,287 Sq Ft
$16/Sq Ft Est. Value

Last Sold March 09, 2020

Last sale price $146,000 $18 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $977/month

16 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 1-minute walk to Washington Park
  • Multiple cooling system units
  • Wood Siding

About This Home

As of March 2020

Great opportunity to purchase an investment package with income over $2,400 per month. There are three addresses with a total of 5 units plus 1 garage rental unit. Well maintained and updated units with high occupancy levels. All units include kitchen appliances plus washers and dryers. First time this package has been offered from a long time owner. This package of three rental properties is situated on four lots in the East Central Neighborhood with the following addresses: 414-416 S Pershing St - 2 units - tax ID #181115137010000003; 406-408 S Pershing St - 2 units - tax ID #181115137009000003; 418 S Pershing St - 1 unit and 1 rental garage - tax ID #181115137011000003; 817 E Charles St vacant lot tax ID #181115137013000003.

Last Agent to Sell the Property

Brian Allardt

Coldwell Banker Real Estate Group Listed on: 02/05/2020

Coldwell Banker Real Estate Group

Last Buyer's Agent

Ryan Kramer

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x120

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Wood Siding

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Partially Carpeted
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms

Partially Finished Basement

  • Block Basement Construction
  • Stone or Rock in Basement
  • Basement Cellar
  • Crawl Space

Parking

  • 10 Parking Spaces
  • Driveway

Schools

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

Utilities

  • Multiple cooling system units
  • Forced Air Heating System

Additional Features

  • Outbuilding
  • Suburban Location

Community Details

  • 3 Buildings
  • 5 Units

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, tax, water
  • Assessor Parcel Number 18-11-15-137-010.000-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1890
  • Style: Two Story
  • Bedrooms: 8
  • Total Bathrooms: 9
  • Total Full Bathrooms: 5
  • Total Number of Half Bathrooms: 4
  • Legal Description: 4 parcels
  • Parcel Number ID: 18-11-15-137-010.000-003
  • Platted: Yes
  • Amenities: Basement
  • Location: City/Town/Suburb
  • Parcel Id2: 181115137009000003
  • Road Access: City
  • Road Surface: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 10667
  • Total Finished Sq Ft: 8287
  • Above Grade Finished Sq Ft: 8287
  • Above Grade Unfinished Sq Ft: 260
  • Below Grade Sq Ft: 2120
  • Basement Foundation: Cellar, Crawl, Partial Basement
  • Basement Material: Block, Brick, Stone
  • Flooring: Part Carpet, Tile, Vinyl, Wood
  • Main Level Sq Ft: 4674
  • Total Below Grade Sq Ft: 2120
  • Number Of Ranges Ovens: 5

Exterior Features

  • Exterior: Brick, Wood
  • Stories: 2
  • Outbuilding: Outbuilding
  • Outbuilding Sq Ft: 400

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Cooling: Multiple Cooling Units
  • Heating Fuel: Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Number Of W D Hookups: 5

Schools

  • Elementary School: East Washington Academy

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 50x120
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Sewer, Tax, Water
  • Tenant Pays: Electric

Multi Family

  • Number Of Dryers: 5
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Number Of Washers: 5
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2020
Closed on
Mar 9, 2020
Sold by
Hootenanny Llc
Bought by
Kambham Rentals Llc
Seller's Agent
Brian Allardt
Coldwell Banker Real Estate Group
Buyer's Agent
Ryan Kramer
RE/MAX Real Estate Groups
List Price
$229,000
Sold Price
$146,000
Premium/Discount to List
-$83,000
-36.24%
Current Estimated Value
$150,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,837
Avg. Annual Appreciation
-1.65%

Purchase Details

Closed on
Jan 26, 2017
Sold by
Rabel Tracy D and Rabel Tina L
Bought by
Hootenanny Llc

Purchase Details

Closed on
Oct 20, 2011
Sold by
Mutualbank
Bought by
Rabel Tracy and Rabel Tina

Purchase Details

Closed on
Aug 10, 2011
Sold by
East Central Reinvestment Corporation
Bought by
Mutualbank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kambham Rentals Llc -- In Title
Hootenanny Llc -- --
Rabel Tracy -- Itic
Mutualbank $71,033 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2020 03/09/20 Sold $146,000 -9.3% $18 / Sq Ft
02/24/2020 02/24/20 Price Changed $161,000 -29.7% $19 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $229,000 -- $28 / Sq Ft
Source: Indiana Regional MLS

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 $2,330 $111,100 $13,200 $97,900
2023 $1,560 $60,600 $11,000 $49,600
2022 $1,250 $57,100 $15,900 $41,200
2021 $1,350 $62,100 $16,000 $46,100
2020 $1,142 $51,700 $13,300 $38,400
2019 $1,077 $80,800 $13,300 $67,500
2018 $1,114 $76,400 $12,100 $64,300
2017 $839 $74,000 $10,500 $63,500
2016 $839 $71,000 $10,500 $60,500
2014 $669 $60,800 $10,000 $50,800
2013 -- $60,300 $10,000 $50,300
Source: Public Records

Agents Affiliated with this Home

  • Brian Allardt

    Seller's Agent in 2020

    Brian Allardt

    Coldwell Banker Real Estate Group

    (765) 808-1400

    1 in this area

    64 Total Sales

    Brian Allardt
    Section Image
  • Ryan Kramer

    Buyer's Agent in 2020

    Ryan Kramer

    RE/MAX

    (765) 717-2489

    4 in this area

    535 Total Sales

    Ryan Kramer
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202004754

Indiana Regional MLS

APN: 18-11-15-137-010.000-003

Indiana Delaware County Muncie 47305 East Central

414 S Pershing Dr, Muncie, IN

Not Listed for Sale

MultiFamily

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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