NOT LISTED FOR SALE

622 W Charles St Unit 1-3 Muncie, IN 47305

Old West End Neighborhood

Estimated Value: $35,000 - $77,000

2 Beds
3 Baths
1,512 Sq Ft
$41/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $30,000 $20 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $438/month

38 Days on Market

Highlights

  • Traditional Architecture
  • Covered patio or porch
  • Baseboard Heating
  • Corner Lot
  • Eat-In Kitchen
  • 2-minute walk to Clifton Wallace Park

About This Home

As of March 2022

Historic West End Investment Opportunity! This 3-unit triplex sits on the corner of Charles & Gharkey near the heart of downtown Muncie. Currently vacant & ready for a new owner- priced low with needed repairs in mind. Upstairs is a 1 bed, 1 bath apt; downstairs is a 1 bed, 1 bath apt and an efficiency apt. When rented, tenants pay rent + all utilities. Immediate Income Potential! Sold as-is.

Last Agent to Sell the Property

Heather Clemmons

Starr Real Estate LLC Listed on: 01/17/2022

Last Buyer's Agent

Heather Clemmons

Starr Real Estate LLC Listed on: 01/17/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $384

Year Built

  • Built in 1946

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 43x81
  • Corner Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Eat-In Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Schools

  • East Washington Academy Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Baseboard Heating
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel, heating, sewer, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 18-11-16-209-009.000-003

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$384

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1946
  • Age: 76
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: PT W HLF NE QTR 43FT X 81.50FT S16 T20 R10 0.080 AC
  • Parcel Number ID: 18-11-16-209-009.000-003
  • Platted: Yes
  • Amenities: Basement, Cable Ready, Eat-In Kitchen, Porch Covered, Water Heater Electric, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 75.19
  • Year Taxes Payable: 2021
  • Special Features: None

Interior Features

  • Total Sq Ft: 2088
  • Total Finished Sq Ft: 1512
  • Above Grade Finished Sq Ft: 1512
  • Below Grade Sq Ft: 576
  • Price Per Sq Ft: 19.84
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 576

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 3

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 43x81
  • Estimated Lot Sq Ft: 3485
  • Estimated Lot Size Acres: 0.08

Rental Info

  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Electric, Fuel, Heating, Sewer, Water

Tax Info

  • Annual Property Tax: 384

Multi Family

  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of Efficiencies: 1

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
Jan 17, 2022
Closed on
Mar 10, 2022
Sold by
Saivilla Invest Llc
Bought by
622 W Charles Llc
Seller's Agent
Heather Clemmons
Starr Real Estate LLC
Buyer's Agent
Heather Clemmons
Starr Real Estate LLC
List Price
$39,900
Sold Price
$30,000
Premium/Discount to List
-$9,900
-24.81%
Total Days on Market
38
Current Estimated Value
$61,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,333
Avg. Annual Appreciation
13.92%

Purchase Details

Closed on
Aug 1, 2018
Sold by
Mcnett Sherry
Bought by
Five Stream Ventures Llc

Purchase Details

Closed on
Jul 31, 2018
Sold by
Five Stream Ventures Llc
Bought by
Saivilla Invest Llc

Purchase Details

Closed on
Aug 16, 2005
Sold by
Mann Richard A and Mann Marijean
Bought by
Mcnett Sherry
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
622 W Charles Llc $30,000 Stauffer Terry A
Five Stream Ventures Llc -- None Available
Saivilla Invest Llc -- None Available
Mcnett Sherry -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 622 W Charles Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2022 03/15/22 Sold $30,000 -24.8% $20 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $39,900 -- $26 / 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 $1,164 $52,800 $4,000 $48,800
2023 $1,066 $27,400 $3,400 $24,000
2022 $628 $26,000 $3,400 $22,600
2021 $502 $19,700 $4,300 $15,400
2020 $492 $19,200 $4,300 $14,900
2019 $492 $19,200 $4,300 $14,900
2018 $476 $18,400 $4,300 $14,100
2017 $482 $18,700 $4,300 $14,400
2016 $522 $20,700 $4,300 $16,400
2014 $239 $18,000 $4,100 $13,900
2013 -- $17,300 $4,000 $13,300
Source: Public Records

Agents Affiliated with this Home

  • Heather Clemmons

    Seller's Agent in 2022

    Heather Clemmons

    Starr Real Estate LLC

    (765) 288-1711

    29 in this area

    503 Total Sales

    Heather Clemmons
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Map

Source: Indiana Regional MLS

MLS Number: 202201667

Indiana Regional MLS

APN: 18-11-16-209-009.000-003

Indiana Delaware County Muncie 47305 Old West End

622 W Charles St Unit 1-3, Muncie, IN

This home is located at 622 W Charles St Unit 1-3, Muncie, IN 47305 since 17 January 2022 and is currently estimated at $61,333, approximately $40 per square foot. This property was built in 1946. 622 W Charles St Unit 1-3 is a home located in Delaware County with nearby schools including Muncie Central High School, South View Elementary 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.

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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