$94,000
SOLD JUL 24, 2020
5 Beds
3 Baths
2,348 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$40 Per Sq Ft

4% Below List Price

3 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Level Lot
  • Eat-In Kitchen
  • Ceiling Fan
  • 1-minute walk to Clifton Wallace Park

About This Home

As of January 2024

Great investment opportunity! The property was renovated roughly 5 years ago, which includes but is not limited to; wiring, 3x heat pumps, vinyl windows, flooring, kitchens, and bathrooms. Owner is currently receiving $1,850/month in rental income. All units separately metered for electricity, water can be individually metered or combined to 1. Basement has been encapsulated to prevent moisture intrusion. Located in the Old West End historic district and subject to covenants and restrictions.

Last Agent to Sell the Property

Ryan Kramer

RE/MAX Real Estate Groups Listed on: 06/15/2020

RE/MAX Real Estate Groups

Last Buyer's Agent

Michael Burke

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $982

Year Built

  • Built in 1908

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 45x140
  • Level Lot

Home Design

  • Triplex
  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • Parking Lot
  • Off-Street Parking

Schools

  • Southview Elementary School
  • Southside Middle School
  • Central High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, water
  • Assessor Parcel Number 181116209013000003

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $1,200
  • Water Sewer Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$982

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1908
  • Age: 112
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: WALLING HRS NW COR LOT 4
  • Parcel Number ID: 181116209013000003
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Cable Available, Cable Ready, Deck Open, Eat-In Kitchen, Porch Open, Water Heater Electric
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 96.41
  • Monthly Gross Income: 1850
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 3543
  • Total Finished Sq Ft: 2348
  • Above Grade Finished Sq Ft: 2348
  • Below Grade Sq Ft: 1195
  • Price Per Sq Ft: 40.03
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Poured Concrete, Stone
  • Flooring: Carpet, Mixed, Vinyl
  • Total Below Grade Sq Ft: 1195
  • Number Of Ranges Ovens: 3

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Gravel, Lot, Off Street

Utilities

  • Cooling: Heat Pump
  • Heating Fuel: Forced Air, Heat Pump
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1800
  • Annual Insurance Expense: 1200
  • Annual Water Sewer Expense: 1800
  • Number Electric Meters: 3
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Muncie Community Schools
  • Elementary School: Southview
  • Middle School: Southside
  • High School: Central
  • Elementary School: Southview

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 45x140
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1850
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 982

MLS Schools

  • High School: Central
  • Middle School: Southside
  • School District: Muncie Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2023
Closed on
Jan 2, 2024
Sold by
Jb Elite Properties Llc
Bought by
Property Match Llc
Seller's Agent
Nate Jennings
RE/MAX Real Estate Groups
Buyer's Agent
Erin Phillips
RE/MAX Real Estate Groups
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%
Views
28
Current Estimated Value
$144,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,787
Avg. Annual Appreciation
0.16%

Purchase Details

Listed on
Jun 15, 2020
Closed on
Jul 24, 2020
Sold by
Cochran Construction Llc
Bought by
Jb Elite Properties Llc
Seller's Agent
Ryan Kramer
RE/MAX Real Estate Groups
Buyer's Agent
Michael Burke
RE/MAX Real Estate Groups
List Price
$97,500
Sold Price
$94,000
Premium/Discount to List
-$3,500
-3.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.88%
Original Mortgage
$141,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2015
Closed on
Dec 16, 2015
Sold by
Clark Samuel A
Bought by
Cochran Construction Llc
Seller's Agent
Tammy Parker
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Isaac Stoller
Steffen Group
List Price
$89,900
Sold Price
$81,900
Premium/Discount to List
-$8,000
-8.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.03%

Purchase Details

Closed on
Jul 30, 2009
Sold by
Tellez Garcia Mario
Bought by
Clark Samuel A

Purchase Details

Closed on
Feb 10, 2006
Sold by
Dms Properties Llc
Bought by
Express Funding Corp
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 Type Sale Price Title Company
Warranty Deed $130,000 None Listed On Document
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- None Available
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $6,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $97,500 Credit Line Revolving
Previous Owner $141,000 New Conventional
Previous Owner $46,271 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2024 01/02/24 Sold $130,000 -7.1% $55 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/08/2023 12/08/23 For Sale $139,900 +48.8% $60 / Sq Ft
07/24/2020 07/24/20 Sold $94,000 -3.6% $40 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $97,500 +19.0% $42 / Sq Ft
12/16/2015 12/16/15 Sold $81,900 -8.9% $35 / Sq Ft
11/24/2015 11/24/15 Pending -- -- --
11/09/2015 11/09/15 For Sale $89,900 -- $38 / 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 $1,654 $77,300 $5,400 $71,900
2023 $1,743 $64,500 $4,500 $60,000
2022 $1,332 $61,200 $4,500 $56,700
2021 $996 $44,400 $5,800 $38,600
2020 $968 $43,000 $5,800 $37,200
2019 $992 $44,200 $5,900 $38,300
2018 $954 $42,300 $5,900 $36,400
2017 $970 $43,100 $5,900 $37,200
2016 $970 $43,100 $5,900 $37,200
2014 $785 $37,100 $5,600 $31,500
2013 -- $35,600 $5,500 $30,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202022471

Indiana Regional MLS

APN: 18-11-16-209-013.000-003