Seller's Agent in 2025
Aaron Orr
RE/MAX
(765) 212-1111
4 in this area
702 Total Sales
509 E Jackson St Muncie, IN 47305
East Central Neighborhood
7
Beds
7
Baths
3,072
Sq Ft
3,920
Sq Ft Lot
Highlights
- Eat-In Kitchen
- Level Lot
- 1-minute walk to Cornerstone Park
About This Home
As of March 2025Great investment opportunity! This 7 unit property includes 6 units in the main house and another unit located behind the house. Many updates have been completed including newer paint and flooring, most plumbing has been redone, gas wall heaters in every unit, sump pump in the basement, and water heater. 6 of the 7 units are currently rented. Total rents are $3,949 per month. Owner pays utilities. Can be bought in a package with 511 E Jackson St. Located near downtown Muncie and only minutes from shopping and restaurants. Don't miss out on this income producing property!
Last Agent to Sell the Property
RE/MAX Real Estate Groups Brokerage Phone: 765-212-1111 Listed on: 12/16/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,516
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 32x125
- Level Lot
Parking
- 4 Parking Spaces
Home Design
- Stone Exterior Construction
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Partially Finished Basement
- Crawl Space
- Eat-In Kitchen
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Full Bathrooms
Schools
- East Washington Academy Elementary School
- Southside Middle School
- Central High School
Utilities
- Heating System Uses Gas
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- The owner pays for electric, fuel, lawn maintenance, water
- Assessor Parcel Number 18-11-15-126-002.000-003
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $5,169
- Fuel Expense $1,167
- Insurance Expense $1
- Maintenance Expense $1,267
- Water Sewer Expense $2,313
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 16, 2024
Closed on
Mar 4, 2025
Sold by
Charlie I Properties Llc
Bought by
Benlinda Properties Llc
Seller's Agent
Aaron Orr
RE/MAX Real Estate Groups
Buyer's Agent
Diana Martin
NonMember MEIAR
List Price
$199,900
Sold Price
$192,500
Premium/Discount to List
-$7,400
-3.7%
Views
31
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,581
Avg. Annual Appreciation
-7.73%
Original Mortgage
$242,000
Outstanding Balance
$240,170
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
-$60,251
Purchase Details
Closed on
Oct 1, 2020
Sold by
Stout Senior Trust
Bought by
Charlie I Properties Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $242,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/04/2025 03/04/25 | Sold | $192,500 | -3.7% | $63 / Sq Ft |
| 01/07/2025 01/07/25 | Pending | -- | -- | -- |
| 12/16/2024 12/16/24 | For Sale | $199,900 | -- | $65 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $1,705 | $75,800 | $2,500 | $73,300 |
| 2023 | $1,624 | $75,800 | $2,500 | $73,300 |
| 2022 | $1,642 | $76,700 | $2,500 | $74,200 |
| 2021 | $1,514 | $70,300 | $2,500 | $67,800 |
| 2020 | $1,460 | $67,600 | $2,500 | $65,100 |
| 2019 | $1,460 | $67,600 | $2,500 | $65,100 |
| 2018 | $1,454 | $67,300 | $2,500 | $64,800 |
| 2017 | $1,446 | $66,900 | $2,500 | $64,400 |
| 2016 | $1,446 | $66,900 | $2,500 | $64,400 |
| 2014 | $1,303 | $62,100 | $2,500 | $59,600 |
| 2013 | -- | $61,400 | $2,500 | $58,900 |
Source: Public Records
Agents Affiliated with this Home
-
Aaron Orr
-
Diana Martin
Buyer's Agent in 2025
Diana Martin
NonMember MEIAR
(765) 747-7197
21 in this area
3,683 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202447333
APN: 18-11-15-126-002.000-003
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