NOT LISTED FOR SALE

528 E Kohlmetz St Muncie, IN 47303

Granville Neighborhood

Estimated Value: $129,000 - $201,000

3 Beds
3 Baths
2,149 Sq Ft
$71/Sq Ft Est. Value

Last Sold December 07, 2021

Last sale price $121,500 $57 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $982/month

85 Days on Market

Highlights

  • Detached Second Garage
  • Corner Lot
  • Baseboard Heating

About This Home

As of December 2021

Investment opportunity with this 3 unit apartment building + 2 car detached garage on corner lot. All the units are currently rented out with section 8. Each unit is a 1 bedroom, 1 bath unit with living area and kitchen. Potential for additional rent income with detached garage which is currently not rented to tenants. Per prior owner stated interior was stripped down to the wall studs and has new insulation, complete plumbing and electrical with separate electrical meters. Kitchen cabinets, counter tops, appliances, bath fixtures, carpet and vinyl flooring all within last 7+- years. Located along MITS bus route and close to Cardinal Greenway.

Last Agent to Sell the Property

Aaron Orr

RE/MAX Real Estate Groups Listed on: 06/30/2021

RE/MAX Real Estate Groups

Last Buyer's Agent

Dane Wilson

Middletown Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,174

Year Built

  • Built in 1880

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 103x128
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Detached Second Garage

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for electric, sewer, water
  • Assessor Parcel Number 18-11-03-376-023.000-003

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $1,498
  • Insurance Expense $2,215
  • Water Sewer Expense $494

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,174

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1880
  • Age: 141
  • Style: One and Half Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: W/L SUB W HLF LOT 12, ALL 13 & OF LOT 12-13-14
  • Parcel Number ID: 18-11-03-376-023.000-003
  • Platted: Yes
  • Amenities: Near Walking Trail
  • Sp Lp Percent: 85.02
  • Monthly Gross Income: 1459
  • Special Features: None

Interior Features

  • Total Sq Ft: 2149
  • Total Finished Sq Ft: 2149
  • Above Grade Finished Sq Ft: 2149
  • Price Per Sq Ft: 56.54
  • Basement Foundation: Crawl
  • Flooring: Mixed
  • Main Level Sq Ft: 1499
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 594

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Window
  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1498.4
  • Annual Insurance Expense: 2214.84
  • Annual Water Sewer Expense: 493.71

Schools

  • School District: Muncie Community Schools
  • Elementary School: East Washington Academy
  • Middle School: Northside
  • High School: Central

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 103x128
  • Estimated Lot Sq Ft: 13068
  • Estimated Lot Size Acres: 0.3

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Electric, Sewer, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1459
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1174

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2021
Closed on
Dec 7, 2021
Sold by
Wilburn Troy Lee and Cole Tonyah Leigh
Bought by
Ljs Rentals Llc
Seller's Agent
Aaron Orr
RE/MAX Real Estate Groups
Buyer's Agent
Dane Wilson
Middletown Property Group, LLC
List Price
$142,900
Sold Price
$121,500
Premium/Discount to List
-$21,400
-14.98%
Current Estimated Value
$153,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,953
Avg. Annual Appreciation
7.01%
Original Mortgage
$93,500
Outstanding Balance
$75,380
Interest Rate
2.27%
Mortgage Type
New Conventional
Estimated Equity
$80,536

Purchase Details

Listed on
Mar 4, 2016
Closed on
Aug 9, 2016
Sold by
Wilburn Thomas L
Bought by
Wilburn Troy Lee and Cole Tonya Leigh
Seller's Agent
Brad Taflinger
The Taflinger Real Estate Group
Buyer's Agent
Brad Taflinger
The Taflinger Real Estate Group
List Price
$74,900
Sold Price
$63,000
Premium/Discount to List
-$11,900
-15.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%

Purchase Details

Listed on
Mar 4, 2016
Closed on
Jul 5, 2016
Sold by
Zachary Barry
Bought by
Wilburn Thomas
Seller's Agent
Brad Taflinger
The Taflinger Real Estate Group
Buyer's Agent
Brad Taflinger
The Taflinger Real Estate Group
List Price
$74,900
Sold Price
$63,000
Premium/Discount to List
-$11,900
-15.89%

Purchase Details

Closed on
Jan 28, 2013
Sold by
Bromm Rodney L
Bought by
Zachary Barry

Purchase Details

Closed on
Oct 26, 2011
Sold by
Terry Evan C and Terry Susan G
Bought by
Bromm Rodney L
Source: Public Records

Range of Values:

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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
Ljs Rentals Llc $121,500 None Available
Wilburn Troy Lee -- --
Wilburn Troy Lee -- --
Wilburn Thomas -- --
Zachary Barry -- Youngs Title
Bromm Rodney L $200 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ljs Rentals Llc $93,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2021 12/07/21 Sold $121,500 -15.0% $57 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $142,900 +126.8% $66 / Sq Ft
07/05/2016 07/05/16 Sold $63,000 -15.9% $29 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $74,900 -- $35 / 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 $1,704 $79,300 $10,600 $68,700
2023 $1,704 $79,300 $10,600 $68,700
2022 $1,720 $80,100 $10,600 $69,500
2021 $1,174 $52,800 $9,800 $43,000
2020 $1,174 $52,800 $9,800 $43,000
2019 $1,174 $52,800 $9,800 $43,000
2018 $1,130 $50,600 $9,800 $40,800
2017 $1,104 $49,300 $9,000 $40,300
2016 $1,056 $46,900 $8,500 $38,400
2014 $1,077 $51,200 $10,700 $40,500
2013 -- $48,100 $8,000 $40,100
Source: Public Records

Agents Affiliated with this Home

  • Aaron Orr

    Seller's Agent in 2021

    Aaron Orr

    RE/MAX

    (765) 212-1111

    10 in this area

    745 Total Sales

    Section Image
  • Dane Wilson

    Buyer's Agent in 2021

    Dane Wilson

    Middletown Property Group, LLC

    (765) 289-7617

    1 in this area

    19 Total Sales

    Section Image
  • Brad Taflinger

    Seller's Agent in 2016

    Brad Taflinger

    The Taflinger Real Estate Group

    (765) 748-2104

    5 in this area

    380 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202125923

Indiana Regional MLS

APN: 18-11-03-376-023.000-003

Indiana Delaware County Muncie 47303 Granville

528 E Kohlmetz St, Muncie, IN

This home is located at 528 E Kohlmetz St, Muncie, IN 47303 since 30 June 2021 and is currently estimated at $152,945, approximately $71 per square foot. This property was built in 1880. 528 E Kohlmetz St is a home located in Delaware County with nearby schools including Muncie Central High School, East Washington Academy, 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.

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