NOT LISTED FOR SALE

502 E Adams St Muncie, IN 47305

East Central Neighborhood
5 Beds
5 Baths
3,424 Sq Ft
0.36 Acres

Last Sold February 28, 2019

Last sale price $74,700 $22 Per Sq Ft

14 Days on Market

Highlights

  • 0.36 Acre Lot
  • Level Lot
  • 2-minute walk to Cornerstone Park
  • Forced Air Heating System
  • Carpet

About This Home

As of February 2019

Includes parcel 18-11-15-126-009.000-003. Five unit property - some have been updated. Great investment opportunity. Four units are occupied. Utilities are included with rent. Total of 16 properties in portfolio for sale. 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 1950

Lot Details

  • 0.36 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 3,424 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 5 Units

Listing and Financial Details

  • The owner pays for electric, heating, tax, water softener
  • Assessor Parcel Number 18-11-15-126-008.000-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1950
  • Style: Two Story
  • Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: Coff 1 Add. W 75 ft. 0.0000 Acres STR: 152010 IN: 5-6 OUT: |
  • Parcel Number ID: 18-11-15-126-008.000-003
  • Platted: Yes
  • Amenities: Basement
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3424
  • Total Finished Sq Ft: 3424
  • Above Grade Finished Sq Ft: 3424
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet

Exterior Features

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

Utilities

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

Lot Info

  • Lot Description: Level
  • Estimated Lot Sq Ft: 15769
  • Estimated Lot Size Acres: 0.362

Rental Info

  • Lease Term: Week to Week, Month to Month, 1 Year
  • Owner Pays: Electric, Heating, Tax, Water Softener

Tax Info

  • Annual Property Tax: 2610.98

Multi Family

  • Number Of Units: 5
  • Num Of1 Bedrooms: 5

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $74,700 -24.5% $22 / Sq Ft
11/23/2018 11/23/18 Pending -- -- --
11/09/2018 11/09/18 For Sale $99,000 -- $29 / 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 $4,159 $111,700 $28,100 $83,600
2023 $2,773 $111,700 $28,100 $83,600
2022 $2,798 $112,700 $28,100 $84,600
2021 $2,633 $105,800 $28,100 $77,700
2020 $2,633 $105,800 $28,100 $77,700
2019 $2,633 $105,800 $28,100 $77,700
2018 $2,633 $105,800 $28,100 $77,700
2017 $2,611 $104,900 $28,100 $76,800
2016 $2,611 $104,900 $28,100 $76,800
2014 $2,440 $99,700 $28,100 $71,600
2013 -- $99,000 $28,100 $70,900
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

    1 in this area

    180 Total Sales

    Kari Blevins
    Section Image
  • Aaron Orr

    Buyer's Agent in 2019

    Aaron Orr

    RE/MAX

    (765) 212-1111

    4 in this area

    702 Total Sales

    Aaron Orr
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201850010

Indiana Regional MLS
Indiana Delaware County Muncie 47305 East Central

502 E Adams St, Muncie, IN

Not Listed for Sale

MultiFamily

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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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