NOT LISTED FOR SALE

4500 W County Road 400 S Muncie, IN 47302

Estimated Value: $306,000 - $428,540

2 Beds
1 Bath
768 Sq Ft
$466/Sq Ft Est. Value

Last Sold May 14, 2015

Last sale price $10,000 $13 Per Sq Ft

Est. 3,392% increase in value since last sale

Current estimated payment $2,169/month

141 Days on Market

Highlights

  • Saltbox Architecture
  • Forced Air Heating System
  • Level Lot
  • 1-Story Property

About This Home

As of May 2015

This is 1.27 acres located in the Cowan School District and has quick access to the Muncie Bypass. There's a home that sits on this land and it has 2 bedrooms and 1 bath. It's 768 sq ft of living space. There's no other way to say this -- the home needs a ton of work. It may be a tear down, BUT... if you consider taking this on and manage the remodel sensibly (perhaps making it bigger too) you'll also notice that this home is surrounded by some very nice homes with values in the $100-250,000 range. The conclusion is that this could be a very nice lot with some good upside. -- This is a foreclosure and is owned by a local Muncie Financial Institution -- this can close quickly. -- Give this a shot. Swing by and check it out!

Last Agent to Sell the Property

Steve Slavin

Coldwell Banker Real Estate Group Listed on: 12/02/2014

Coldwell Banker Real Estate Group

Last Buyer's Agent

Aaron Orr

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 1.27 Acre Lot
  • Rural Setting
  • Level Lot
  • Irregular Lot

Home Design

  • Saltbox Architecture
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 18-11-31-354-004.000-012

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1948
  • Age: 67
  • Style: One Story
  • Architectural Style: Salt Box
  • Total Number of Rooms: 4
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: SW Qtr SW Qtr E of Tpk Sec Cor 1.27 Acres
  • Parcel Number ID: 18-11-31-354-004.000-012
  • Platted: Yes
  • Location: Rural Subdivision
  • Sp Lp Percent: 50.25
  • Special Features: None

Interior Features

  • Total Sq Ft: 768
  • Total Finished Sq Ft: 768
  • Above Grade Finished Sq Ft: 768
  • Basement Foundation: Crawl
  • Living Great Room: Dimensions: 11x13, On Level: Main
  • Kitchen: Dimensions: 11x10, On Level: Main
  • Bedroom 1: Dimensions: 10x11, On Level: Main
  • Bedroom 2: Dimensions: 10x10, On Level: Main
  • Other Room1: Dimensions: 11x7, On Level: Main
  • Main Level Sq Ft: 768
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None

Utilities

  • Heating Fuel: Oil, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: 7xMain, On Level: 7
  • Well Type: Private

Schools

  • School District: Cowan Community School Corp.
  • Elementary School: Cowan
  • Middle School: Cowan
  • High School: Cowan

Lot Info

  • Lot Description: Irregular, Level
  • Estimated Lot Sq Ft: 55321
  • Estimated Lot Size Acres: 1.27
  • Zoning: BV Variety Business Zone

Tax Info

  • Annual Taxes: 806.42
  • Total Assessed Value: 40300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2021
Sold by
Cutting Edge Construction Llc
Bought by
Staton Cathy Jean and Staton Steven Dennis
Current Estimated Value
$349,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Outstanding Balance
$220,302
Interest Rate
3.56%
Mortgage Type
VA
Estimated Equity
$123,304

Purchase Details

Closed on
Dec 14, 2021
Sold by
Phipps Andrew S and Phipps Joan M
Bought by
Cutting Edge Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Outstanding Balance
$220,302
Interest Rate
3.56%
Mortgage Type
VA
Estimated Equity
$123,304

Purchase Details

Closed on
May 20, 2020
Sold by
Trimble Darrell Joel and Trimble Amanda Elizabeth
Bought by
Phipps Andrew S and Phipps Joan M

Purchase Details

Closed on
Jun 12, 2019
Sold by
Phipps Andrew S and Phipps Joan M
Bought by
Trimble Darrell Joel and Trimble Amanda Elizabeth

Purchase Details

Closed on
May 25, 2016
Sold by
Hudson William A and Hudson Stephanie A
Bought by
Phipps Andrew S and Phipps Joan M

Purchase Details

Listed on
Dec 2, 2014
Closed on
May 14, 2015
Sold by
Prime Trust Financial Fcu
Bought by
Hudson William A and Hudson Stephanie A
Seller's Agent
Steve Slavin
Coldwell Banker Real Estate Group
Buyer's Agent
Aaron Orr
RE/MAX Real Estate Groups
List Price
$19,900
Sold Price
$10,000
Premium/Discount to List
-$9,900
-49.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.21%

Purchase Details

Closed on
Oct 7, 2014
Sold by
Bbi Company Inc
Bought by
Prime Trust Fcu

Purchase Details

Closed on
Jan 24, 2011
Sold by
Jordan Properties Llc
Bought by
Bbi Company Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
4.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2010
Sold by
Bbi Company Inc
Bought by
Jordan Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.49%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 8, 2009
Sold by
Matthews Shirley J
Bought by
Matthews Shirley J and Jordan Linda D
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 Buyer Sale Price Title Company
Staton Cathy Jean -- Diaz Anselmo & Associates Llc
Staton Cathy Jean -- Diaz Anselmo & Associates Llc
Cutting Edge Construction Llc $15,500 None Available
Phipps Andrew S -- None Available
Trimble Darrell Joel -- In Title
Phipps Andrew S -- --
Hudson William A -- --
Prime Trust Fcu -- --
Bbi Company Inc -- None Available
Jordan Properties Llc -- None Available
Matthews Shirley J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Staton Steven $235,000
Closed Staton Cathy Jean $235,000
Previous Owner Bbi Company Inc $640,000
Previous Owner Jordan Properties Llc $120,000
Previous Owner Bbi Company Inc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2015 05/14/15 Sold $10,000 -49.7% $13 / Sq Ft
04/22/2015 04/22/15 Pending -- -- --
12/02/2014 12/02/14 For Sale $19,900 -- $26 / 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 $3,205 $368,700 $23,600 $345,100
2023 $2,214 $309,100 $19,500 $289,600
2022 $1,929 $269,900 $19,500 $250,400
2021 $178 $8,400 $8,400 $0
2020 $184 $8,400 $8,400 $0
2019 $176 $8,400 $8,400 $0
2018 $175 $8,400 $8,400 $0
2017 $128 $6,000 $6,000 $0
2016 $209 $39,100 $17,100 $22,000
2014 $773 $41,700 $18,400 $23,300
2013 -- $40,300 $18,400 $21,900
Source: Public Records

Agents Affiliated with this Home

  • Steve Slavin

    Seller's Agent in 2015

    Steve Slavin

    Coldwell Banker Real Estate Group

    (317) 701-5006

    434 Total Sales

    Section Image
  • Aaron Orr

    Buyer's Agent in 2015

    Aaron Orr

    RE/MAX

    (765) 212-1111

    741 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 201451663

Indiana Regional MLS

APN: 18-11-31-354-004.000-012

Indiana Delaware County Muncie 47302

4500 W County Road 400 S, Muncie, IN

This home is located at 4500 W County Road 400 S, Muncie, IN 47302 since 02 December 2014 and is currently estimated at $358,135, approximately $466 per square foot. This property was built in 1948. 4500 W County Road 400 S is a home located in Delaware County with nearby schools including Cowan Elementary School, Cowan High School, and South Side Christian Academy.

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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