NOT LISTED FOR SALE

5216 W Keller Rd Muncie, IN 47304

Lantern-Pearwood-Keller Neighborhood

Estimated Value: $173,000 - $266,000

3 Beds
2 Baths
2,400 Sq Ft
$84/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $120,000 $50 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,304/month

2 Days on Market

Highlights

  • 0.48 Acre Lot
  • Forced Air Heating and Cooling System
  • Carpet
  • Pleasant View Elementary School Rated A-
  • Level Lot
  • 1-Story Property

About This Home

As of July 2021

2 unit investment property. One unit is currently a 2 bedroom apartment. The other unit is open and rented as an office space with a kitchen area. Great rental income of $1,175 per month.

Last Listed By

Michael Burke

RE/MAX Real Estate Groups Listed on: 06/21/2021

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,288

Year Built

  • Built in 1998

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 146x143
  • Level Lot

Home Design

  • Duplex
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, sewer, water
  • The owner pays for maintenance, tax
  • Assessor Parcel Number 18-10-01-276-039.000-036

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,288

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1998
  • Age: 23
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: KELLER WEST SEC D EX 10' OFF E SD LOT 58 Lot # 58 |
  • Parcel Number ID: 18-10-01-276-039.000-036
  • Platted: Yes
  • Amenities: Detector-Smoke
  • Cross Street: Morrison
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 109.09
  • Monthly Gross Income: 1175
  • Special Features: None

Interior Features

  • Total Sq Ft: 2400
  • Total Finished Sq Ft: 2400
  • Above Grade Finished Sq Ft: 2400
  • Price Per Sq Ft: 50
  • Flooring: Carpet
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Metal
  • Roof Material: Metal
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: Yorktown Community Schools
  • Elementary School: Pleasant View (K-2) Yorktown (3-5)
  • Middle School: Yorktown
  • High School: Yorktown

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 146x143
  • Estimated Lot Sq Ft: 20909
  • Estimated Lot Size Acres: 0.48

Rental Info

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

Tax Info

  • Total Assessed Value: 64000

Multi Family

  • Gross Monthly Rent: 1175
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Jul 8, 2021
Sold by
Keller Trust
Bought by
P & K Mgmt Llc
Seller's Agent
Michael Burke
RE/MAX Real Estate Groups
Buyer's Agent
Ryan Kramer
RE/MAX Real Estate Groups
List Price
$110,000
Sold Price
$120,000
Premium/Discount to List
$10,000
9.09%
Total Days on Market
2
Current Estimated Value
$200,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,889
Avg. Annual Appreciation
14.62%

Purchase Details

Closed on
Dec 31, 2016
Sold by
Impresa Llc
Bought by
Keller Trust

Purchase Details

Closed on
Oct 5, 2016
Sold by
Keller Trust
Bought by
Impresa Llc

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
P & K Mgmt Llc -- None Available
Keller Trust -- --
Impresa Llc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold $120,000 +9.1% $50 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $110,000 -- $46 / 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 $2,288 $108,500 $22,200 $86,300
2023 $2,340 $111,100 $22,200 $88,900
2022 $3,265 $112,600 $23,100 $89,500
2021 $1,807 $64,000 $23,100 $40,900
2020 $1,807 $64,000 $23,100 $40,900
2019 $2,122 $74,500 $23,100 $51,400
2018 $2,122 $74,500 $23,100 $51,400
2017 $2,092 $73,500 $23,100 $50,400
2016 $2,380 $83,100 $23,100 $60,000
2014 $2,240 $80,000 $23,100 $56,900
2013 -- $88,700 $23,100 $65,600
Source: Public Records

Agents Affiliated with this Home

  • Michael Burke

    Seller's Agent in 2021

    Michael Burke

    RE/MAX

    (765) 808-0832

    5 in this area

    164 Total Sales

    Michael Burke
    Section Image
  • Ryan Kramer

    Buyer's Agent in 2021

    Ryan Kramer

    RE/MAX

    (765) 717-2489

    5 in this area

    605 Total Sales

    Ryan Kramer
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202123912

Indiana Regional MLS

APN: 18-10-01-276-039.000-036

Indiana Delaware County Muncie 47304 Lantern-Pearwood-Keller

5216 W Keller Rd, Muncie, IN

Homes for Sale in Muncie, IN

This home is located at 5216 W Keller Rd, Muncie, IN 47304 since 21 June 2021 and is currently estimated at $200,889, approximately $83 per square foot. This property was built in 1998. 5216 W Keller Rd is a home located in Delaware County with nearby schools including Pleasant View Elementary School, Yorktown Elementary School, and Yorktown 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.

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