NOT LISTED FOR SALE

622 W Charles St Unit MUNCIE Muncie, IN 47305

Old West End Neighborhood

Estimated Value: $35,000 - $62,000

4 Beds
3 Baths
1,512 Sq Ft
$33/Sq Ft Est. Value

Last Sold March 15, 2022

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

Est. 67% increase in value since last sale

Current estimated payment $375/month

38 Days on Market

Highlights

  • Covered patio or porch
  • Efficiency Studio Dwelling Unit
  • 2-minute walk to Clifton Wallace Park
  • Baseboard Heating

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 Listed By

Heather Clemmons

Starr Real Estate License #RB14039183 Listed on: 01/17/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,164

Year Built

  • Built in 1946

Lot Details

  • 3,485

Parking

  • No Garage

Home Design

  • Triplex
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,512 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Baseboard Heating
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Covered patio or porch
  • Lot Dimensions are 43x81
  • Efficiency Studio Dwelling Unit

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,164

Year Built

Built in 1946

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 622 W Charles St
  • Second Address Number: 622
  • Estimated Year Built: 1946
  • Bank Corporate Owned: No
  • Directions: W Main St, left onto S Cherry St, right onto W Charles to prop on right
  • F I N A N C I N G O F F E R E D: Cash
  • Geo Address Line: 622 W Charles St
  • Geo Longitude: -85.393063
  • Geo Primary City: Muncie
  • Geo Quality: 0.95
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • OFFICELIST_STATE: IN
  • Building Stories: 2
  • Taxes Half: 192
  • Number One Bed Units: 2
  • Split Utilities: Yes
  • Unit 1 Heat Type: Baseboard, Electric
  • Unit 2 Heat Type: Baseboard, Electric
  • Unit 3 Heat Type: Baseboard, Electric
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1946

Interior Features

  • Has Basement: Yes, Partial Basement, Unfinished
  • Price Per S Q F T: 19.84
  • Basement Type: Triplex

Exterior Features

  • Exterior Construction: Block
  • Exterior: Aluminum
  • Foundation: Crawl, Basement
  • Porch/Deck Type: Covered, Porch
  • Roof Type: Asphalt

Garage/Parking

  • Garage Type: None

Utilities

  • Electric Company: American Electric Power
  • Gas Company: Vectren Gas Company
  • Sewer: City
  • Hot Water: City
  • Water Heater: Gas

Condo/Co-op/Association

  • Number of Units: 3

Fee Information

  • Tax Class: MULTI-FAMILY

Lot Info

  • Geo Update Timestamp: 2022-01-18
  • Land Contract: No
  • Lot Size: 43x81

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
Buyer's Agent
Heather Clemmons
Starr Real Estate
List Price
$39,900
Sold Price
$30,000
Premium/Discount to List
-$9,900
-24.81%
Total Days on Market
38
Current Estimated Value
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,000
Avg. Annual Appreciation
17.67%

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

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 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: Richmond Association of REALTORS®

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

    (765) 288-1711

    29 in this area

    502 Total Sales

    Heather Clemmons
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Map

Source: Richmond Association of REALTORS®

MLS Number: 10042969

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

Indiana Delaware County Muncie 47305 Old West End

622 W Charles St Unit MUNCIE, Muncie, IN

Homes for Sale in Muncie, IN

This home is located at 622 W Charles St Unit MUNCIE, Muncie, IN 47305 since 17 January 2022 and is currently estimated at $50,000, approximately $33 per square foot. This property was built in 1946. 622 W Charles St Unit MUNCIE is a home located in Delaware County with nearby schools including Muncie Central High School, South View Elementary School, and Northside Middle School.

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