NOT LISTED FOR SALE

425 W Adams St Muncie, IN 47305

Old West End Neighborhood

Estimated Value: $36,070 - $1,532,000

4 Beds
3 Baths
2,190 Sq Ft
$199/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $22,700 $10 Per Sq Ft

Est. 1,822% increase in value since last sale

Current estimated payment $2,526/month

12 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • 1-minute walk to Clifton Wallace Park

About This Home

As of February 2019

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

Last Listed By

Kari Blevins

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

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 4,250 Sq Ft Lot
  • Lot Dimensions are 50x85
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

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 181116230001000003

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1920
  • Age: 98
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: PT LOT 18 COR ADAMS AND CHERRY 0.0900Acres STR:162010 IN: OUT: |
  • Parcel Number ID: 181116230001000003
  • Platted: Yes
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 65.04
  • Monthly Gross Income: 475
  • Special Features: None

Interior Features

  • Total Sq Ft: 2816
  • Total Finished Sq Ft: 2190
  • Above Grade Finished Sq Ft: 2190
  • Below Grade Sq Ft: 626
  • Price Per Sq Ft: 10.37
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Total Below Grade Sq Ft: 626

Exterior Features

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

Garage/Parking

  • Driveway: Gravel

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50X85
  • Estimated Lot Sq Ft: 4250
  • Estimated Lot Size Acres: 0.098

Rental Info

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

Tax Info

  • Total Assessed Value: 31600
  • Annual Property Tax: 748

Multi Family

  • Gross Monthly Rent: 1360
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

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
Total Days on Market
12
Current Estimated Value
$436,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Outstanding Balance
$889,462
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$453,194

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
$34,900
Sold Price
$22,700
Premium/Discount to List
-$12,200
-34.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.33%

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 Buyer Sale Price Title Company
M And M Estates Llc -- Meridian Title
Chase Equities Muncie Llc -- In Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M And M Estates Llc $892,500
Previous Owner Muncie Properties Llc $1,042,113
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2019 02/28/19 Sold $22,700 -35.0% $10 / Sq Ft
11/21/2018 11/21/18 Pending -- -- --
11/09/2018 11/09/18 For Sale $34,900 -- $16 / 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 $1,282 $58,700 $4,800 $53,900
2023 $1,086 $48,900 $4,000 $44,900
2022 $1,038 $46,500 $4,000 $42,500
2021 $790 $34,100 $5,100 $29,000
2020 $768 $33,000 $5,100 $27,900
2019 $768 $33,000 $5,100 $27,900
2018 $740 $31,600 $5,100 $26,500
2017 $748 $32,000 $5,100 $26,900
2016 $748 $32,000 $5,100 $26,900
2014 $601 $27,900 $4,900 $23,000
2013 -- $26,900 $4,800 $22,100
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

    180 Total Sales

    Kari Blevins
    Section Image
  • Aaron Orr

    Buyer's Agent in 2019

    Aaron Orr

    RE/MAX

    (765) 212-1111

    5 in this area

    774 Total Sales

    Aaron Orr
    Section Image
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Map

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Source: Indiana Regional MLS

MLS Number: 201850014

Indiana Regional MLS

APN: 18-11-16-230-001.000-003

Indiana Delaware County Muncie 47305 Old West End

425 W Adams St, Muncie, IN

Homes for Sale in Muncie, IN

This home is located at 425 W Adams St, Muncie, IN 47305 since 09 November 2018 and is currently estimated at $436,268, approximately $199 per square foot. This property was built in 1920. 425 W Adams St is a home located in Delaware County with nearby schools including Muncie Central High School, South View Elementary 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.