NOT LISTED FOR SALE

Estimated Value: $86,000 - $130,000

4 Beds
3 Baths
3,023 Sq Ft
$33/Sq Ft Est. Value

Last Sold May 25, 2023

Last sale price $82,500 $27 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $647/month

251 Days on Market

Highlights

  • Traditional Architecture
  • Baseboard Heating
  • Carpet
  • Covered patio or porch
  • Level Lot
  • 5-minute walk to Clifton Wallace Park

About This Home

As of May 2023

TRIPLEX Near downtown and Ivy Tech. This home includes 1-2 bedroom unit, and 2-1 bedroom units. Updates and improvements include a 2 year old roof, water heater, tank and sump pump replaced in 2021.Good opportunity for investor! Amounts shown in the "Return of Investment Section" are based on all 3 units being rented in 2021. Unit 1 & 3 are currently rented for $675 a month. And Unit 2 is rented for $900.00 Owner currently pays utilities.

Last Agent to Sell the Property

Joann Davis

F.C. Tucker Muncie, REALTORS Listed on: 06/10/2022

F.C. Tucker Muncie, REALTORS

Last Buyer's Agent

Joann Davis

F.C. Tucker Muncie, REALTORS Listed on: 06/10/2022

F.C. Tucker Muncie, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $680

Year Built

  • Built in 1892

Lot Details

  • 4,480 Sq Ft Lot
  • Lot Dimensions are 40x112
  • Level Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Carpet
  • Fire and Smoke Detector
  • Laminate Countertops
  • Washer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Sump Pump
  • Block Basement Construction
  • Crawl Space

Parking

  • 3 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Southview Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Radiator
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for deposit value
  • The owner pays for electric, heating, lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 18-11-16-276-003.000-003

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,863
  • Fuel Expense $1,874
  • Insurance Expense $3,000
  • Maintenance Expense $5,000
  • Water Sewer Expense $2,524

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$680

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1892
  • Age: 131
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: PT LOT 25 40FTX112FT 0.1000Acres STR: 162010 IN: OUT:
  • Parcel Number ID: 18-11-16-276-003.000-003
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Cable Available, Countertops-Laminate, Detector-Smoke, Porch Covered, Water Heater Gas, Sump Pump, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 91.77
  • Monthly Gross Income: 2083
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 4081
  • Total Finished Sq Ft: 3023
  • Above Grade Finished Sq Ft: 3023
  • Below Grade Sq Ft: 1058
  • Price Per Sq Ft: 27.29
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Mixed
  • Total Below Grade Sq Ft: 1058
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 3
  • Parking: Off Street, Street

Utilities

  • Heating Fuel: Electricity, Gas, Baseboard, Hot Water, Radiator
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M, Indiana Michigan Power
  • Gas Company: CenterPoint Energy
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Cable Company: Comcast
  • Annual Electric: 2862.94
  • Annual Fuel Expense: 1873.65
  • Annual Insurance Expense: 3000
  • Annual Maintenance Expense: 5000
  • Annual Water Sewer Expense: 2524.2
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x112
  • Estimated Lot Sq Ft: 4480
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Deposit Value

Multi Family

  • Gross Monthly Rent: 2125
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 679.98

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Apr 4, 2023
Sold by
Zgraser Holdings Llc
Bought by
Gomez Beatriz
Seller's Agent
Joann Davis
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Joann Davis
F.C. Tucker Muncie, REALTORS
List Price
$89,900
Sold Price
$82,500
Premium/Discount to List
-$7,400
-8.23%
Views
235
Current Estimated Value
$98,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,127
Avg. Annual Appreciation
5.22%
Original Mortgage
$61,875
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2019
Sold by
Five Stream Ventures Llc
Bought by
Zgraser Holdings Llc

Purchase Details

Closed on
Mar 14, 2012
Sold by
610 S Council Llc
Bought by
Caldwell Toni

Purchase Details

Closed on
Dec 14, 2009
Sold by
Kidd Stanley
Bought by
610 S Council Llc

Purchase Details

Closed on
May 21, 2009
Sold by
Davis Byron Joseph
Bought by
Kidd Stanley

Purchase Details

Closed on
Jul 20, 2006
Sold by
Kelley Richard L and Kelley Sherley L
Bought by
Davis Bryon Joseph
Source: Public Records

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Range of Values:

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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
Gomez Beatriz $82,500 None Listed On Document
Zgraser Holdings Llc -- None Available
Five Stream Ventures Llc -- None Available
Caldwell Toni -- None Available
610 S Council Llc -- None Available
Kidd Stanley -- None Available
Davis Bryon Joseph -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gomez Beatriz $61,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2023 05/25/23 Sold $82,500 -8.2% $27 / Sq Ft
02/16/2023 02/16/23 Pending -- -- --
12/12/2022 12/12/22 For Sale $89,900 0.0% $30 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
07/08/2022 07/08/22 Price Changed $89,900 -5.4% $30 / Sq Ft
06/10/2022 06/10/22 For Sale $95,000 -- $31 / 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 $1,184 $53,800 $4,400 $49,400
2023 $995 $44,900 $3,700 $41,200
2022 $960 $42,600 $3,700 $38,900
2021 $680 $28,600 $4,800 $23,800
2020 $678 $28,500 $4,800 $23,700
2019 $3,230 $31,100 $4,800 $26,300
2018 $758 $29,800 $4,800 $25,000
2017 $714 $30,300 $4,800 $25,500
2016 $714 $30,300 $4,800 $25,500
2014 $567 $26,200 $4,500 $21,700
2013 -- $25,100 $4,400 $20,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202223048

Indiana Regional MLS

APN: 18-11-16-276-003.000-003