NOT LISTED FOR SALE

617 E Main St Muncie, IN 47305

East Central Neighborhood

Estimated Value: $129,000 - $151,121

3 Beds
3 Baths
2,598 Sq Ft
$54/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $60,000 $23 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $919/month

4 Days on Market

Highlights

  • Balcony
  • Forced Air Heating System
  • 1-minute walk to Gilbert Park

About This Home

As of March 2024

Spacious Downtown Duplex. This duplex boasts tall ceilings, original hardwood floors and beautiful woodwork throughout. Unit A has 3 bedrooms, original fireplaces, updated bathroom, large kitchen with dishwasher, and a convenient laundry room. Unit B is a spacious upstairs unit with 3 Bedrooms, plenty of storage and closet space, and a large soaking tub. The duplex has a large front porch, upstairs balcony, full basement, and many updates throughout. Both Units have separate gas and electric meters. The duplex is conveniently located near all Downtown Festivities, Great Restaurants and Breweries, Local Museums and Theaters, and bus lines. To be sold "As Is"

Last Agent to Sell the Property

Jacqueline Alexander

Green Forest Realty Brokerage Email: jalex.realty@gmail.com License #RB14051853 Listed on: 02/23/2024

Last Buyer's Agent

Miguel Rodriguez

Keller Williams Indy Metro W

Keller Williams Indy Metro W

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $500

Year Built

  • Built in 1905

Lot Details

  • 3,750

Home Design

  • Duplex

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 2-Story Property
  • Balcony
  • 3,750 Sq Ft Lot
  • Basement

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for taxes, sewer, water
  • Legal Lot and Block 2 / 1
  • Assessor Parcel Number 181110389003000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$500

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1905
  • Lot Size Acres: 0.09
  • Structure Type: Duplex
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: Yes
  • Price Unit: 30000
  • MBR_AttributionContact: jalex.realty@gmail.com
  • Attribution Contact: jalex.realty@gmail.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: Taxes, Sewer, Water
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Balcony
  • List Price: 59900
  • Road Access: Not Applic

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Solid Waste: No

Fee Information

  • Expenses: 0

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 3750
  • Parcel Number: 181110389003000003
  • Acres: <1/4 Acre
  • Price Acre: 666667

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 500
  • Tax Block: 1
  • Tax Lot: 2
  • Semi Annual Property Tax Amt: 250

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Mar 8, 2024
Sold by
Rigney Nathanael
Bought by
Dhlw Llc
Seller's Agent
Jacqueline Alexander
Green Forest Realty
Buyer's Agent
Miguel Rodriguez
Keller Williams Indy Metro W
List Price
$59,900
Sold Price
$60,000
Premium/Discount to List
$100
0.17%
Total Days on Market
4
Views
54
Current Estimated Value
$140,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,280
Avg. Annual Appreciation
62.45%

Purchase Details

Closed on
Apr 11, 2019
Sold by
Brake Kelly
Bought by
Rigney Nathanael

Purchase Details

Closed on
May 13, 2009
Sold by
Larry Jones
Bought by
Brake Kelly
Source: Public Records

Similar Homes in Muncie, IN

  • 520 N Alameda Dr, Muncie, IN 47303

    $139,900

    • 4 Beds
    • 2 Baths
    • 1,853 Sq Ft
    • 520 N Alameda Dr
    • Muncie, IN

    Don't miss this opportunity to add to your investment portfolio!! Check out this affordable duplex near BSU campus. If you've been looking for another rental, don't pass this one up! Brand-new HVAC system installed August 2024!

    Lisa Buckner RE/MAX Real Estate Groups

    Section Image
  • 800 W Lindweth Place, Muncie, IN 47303

    $140,000

    • 3 Beds
    • 2 Baths
    • 800 W Lindweth Place
    • Muncie, IN

    Cash flowing duplex, Unit 1 is 2 bed 1 bath and unit 2 is 1 bed 1 bath. Update completed in 2022, newer appliances, fresh interior paint. Water Heater less than 3 years old. Unit 1 rent is $800 a month and Unit 2 rent is $675 a month with 20% down return is 9% annualized. $100 rent increase makes that return 14%. Proforma snapshot included in documents. Owner pays w/s/t. Economic growth remains

    Richard Graham JMG Indiana

    Section Image
  • 2209 E 9th St, Muncie, IN 47302

    $180,000

    • 4 Beds
    • 4 Baths
    • 2,050 Sq Ft
    • 2209 E 9th St
    • Muncie, IN

    Multi-unit investment opportunity featuring a duplex and two single-family homes on one parcel. All four 1 bed, 1 bath units have been updated in the last couple of years. Two units are currently rented, offering immediate income potential. Each unit has a private entrance, off-street parking, and low-maintenance exterior. Great addition to any rental portfolio.

    Katie Franklin CRM Properties, Inc

    Section Image
  • 1421 S Perkins Ave, Muncie, IN 47302

    $139,900

    • 4 Beds
    • 2 Baths
    • 1,630 Sq Ft
    • 1421 S Perkins Ave
    • Muncie, IN

    Good rental income! Each unit is rented for $850.00 per month. This duplex has 2 units with each unit having 2 bedrooms, 1 bath. One unit could be a 3 bedroom by just adding a door to a bonus room. Freshly painted interiors with newer flooring. 4 off street parking spots and 2 street parking spots. New roof in 2023 and newer gutters. stays consistently rented. Nice corner lot.

    Michael Lambert Leading Home Realty

    Section Image
See All Homes in Muncie

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dhlw Llc $60,000 None Listed On Document
Rigney Nathanael $20,000 None Available
Brake Kelly $3,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dhlw Llc $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $60,000 +0.2% $23 / Sq Ft
02/28/2024 02/28/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $59,900 -- $23 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $1,690 $105,500 $8,100 $97,400
2023 $634 $35,100 $6,700 $28,400
2022 $607 $33,300 $9,700 $23,600
2021 $3,218 $36,000 $9,800 $26,200
2020 $530 $73,600 $8,100 $65,500
2019 $1,449 $80,800 $8,100 $72,700
2018 $1,638 $76,500 $7,400 $69,100
2017 $1,590 $74,100 $6,400 $67,700
2016 $1,526 $70,900 $6,400 $64,500
2014 $1,375 $66,600 $6,100 $60,500
2013 -- $65,900 $6,100 $59,800
Source: Public Records

Agents Affiliated with this Home

  • Jacqueline Alexander

    Seller's Agent in 2024

    Jacqueline Alexander

    Green Forest Realty

    (765) 635-4896

    2 in this area

    87 Total Sales

    Jacqueline Alexander
    Section Image
  • Miguel Rodriguez

    Buyer's Agent in 2024

    Miguel Rodriguez

    Keller Williams Indy Metro W

    (317) 268-2010

    1 in this area

    306 Total Sales

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21965376

MIBOR Broker Listing Cooperative®

APN: 18-11-10-389-003.000-003

Indiana Delaware County Muncie 47305 East Central

617 E Main St, Muncie, IN

This home is located at 617 E Main St, Muncie, IN 47305 since 23 February 2024 and is currently estimated at $140,280, approximately $53 per square foot. This property was built in 1905. 617 E Main St is a home located in Delaware County with nearby schools including East Washington Academy, Muncie Central High School, 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.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Nearby Homes