NOT LISTED FOR SALE

6407 E Piccadilly Rd Unit 6407, 6409, 6411 Muncie, IN 47303

Estimated Value: $166,000 - $198,000

6 Beds
3 Baths
2,523 Sq Ft
$72/Sq Ft Est. Value

Last Sold January 20, 2023

Last sale price $170,000 $67 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,052/month

6 Days on Market

Highlights

  • Covered Patio or Porch
  • Eat-In Kitchen
  • Shed
  • Selma Elementary School Rated A-
  • Laundry in Utility Room
  • Level Lot

About This Home

As of January 2023

Investment Opp! Tri-Plex in Wapahani School District. Each unit is 841 sq ft with 2 bedrooms, 1 bath. Units have fairly new flooring and paint. Each unit has a private shed. Tenants pay all utilities. Tri-plex is all electric. 12% Cap Rate.

Last Agent to Sell the Property

Laura Wright

PPG Real Estate LLC Listed on: 12/09/2022

Last Buyer's Agent

Christopher Dodd

3 D Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $940

Year Built

  • Built in 1971

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 100x180
  • Level Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2,523 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Selma Elementary And Middle School
  • Wapahani High School

Utilities

  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric, sewer, water
  • The owner pays for maintenance, tax
  • Assessor Parcel Number 18-12-18-228-006.000-010

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Water Meters

Additional Features

  • 3 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$940

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1971
  • Age: 51
  • Style: Attached
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: KEYSTONE ADD LOT 12
  • Parcel Number ID: 18-12-18-228-006.000-010
  • Platted: Yes
  • Amenities: Off Street Parking, Storage, Eat-In Kitchen, Porch Covered, Water Heater Electric, Washer Hook-Up
  • Sp Lp Percent: 87.18
  • Monthly Gross Income: 2370
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2523
  • Total Finished Sq Ft: 2523
  • Above Grade Finished Sq Ft: 2523
  • Price Per Sq Ft: 67.38
  • Flooring: Vinyl

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt
  • Stories: 1
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 80

Garage/Parking

  • Number Of Parking Spaces: 8
  • Parking: Off Street

Utilities

  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 3
  • Number Of W D Hookups: 3
  • Number Water Meters: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Liberty-Perry Community S.D.
  • Elementary School: Selma
  • Middle School: Selma
  • High School: Wapahani
  • Elementary School: Selma

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 100X180
  • Estimated Lot Sq Ft: 18000
  • Estimated Lot Size Acres: 0.41
  • Lot Number: 12

Rental Info

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

Multi Family

  • Gross Monthly Rent: 2370
  • Number Of Units: 3
  • Num Of2 Bedrooms: 3
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 940

MLS Schools

  • High School: Wapahani
  • Middle School: Selma
  • School District: Liberty-Perry Community S.D.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2024
Sold by
Picadilly Llc
Bought by
Golden Sky Capital Llc-S Series 6407 E Picadi
Current Estimated Value
$182,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Outstanding Balance
$133,443
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$48,882

Purchase Details

Closed on
Apr 23, 2023
Sold by
Mcfadden Michael and Mcfadden Josefa
Bought by
Picadilly Llc

Purchase Details

Listed on
Dec 9, 2022
Closed on
Jan 19, 2023
Sold by
Water Lane Apartments Llc
Bought by
Mcfadden Michael and Frank-Mcfadden Josefa
Seller's Agent
Laura Wright
PPG Real Estate LLC
Buyer's Agent
Christopher Dodd
3 D Realty
List Price
$195,000
Sold Price
$170,000
Premium/Discount to List
-$25,000
-12.82%
Views
54

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%
Original Mortgage
$138,750
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2017
Sold by
Kendall Doran C and Kendall Joyce
Bought by
Water Lane Apartments Llc

Purchase Details

Closed on
Sep 29, 2005
Sold by
Heniser Timothy Gale
Bought by
Kendall Doran C and Kendall Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
5.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Golden Sky Capital Llc-S Series 6407 E Picadi -- None Listed On Document
Picadilly Llc -- None Listed On Document
Mcfadden Michael -- None Listed On Document
Water Lane Apartments Llc -- --
Kendall Doran C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golden Sky Capital Llc-S Series 6407 E Picadi $136,000
Previous Owner Mcfadden Michael $138,750
Previous Owner Kendall Doran C $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2023 01/20/23 Sold $170,000 -12.8% $67 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
12/09/2022 12/09/22 For Sale $195,000 -- $77 / 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 $1,018 $63,000 $10,800 $52,200
2023 $1,027 $63,000 $10,800 $52,200
2022 $1,068 $63,600 $10,800 $52,800
2021 $940 $50,900 $13,000 $37,900
2020 $1,198 $60,100 $13,000 $47,100
2019 $1,071 $55,900 $13,000 $42,900
2018 $1,033 $55,900 $13,000 $42,900
2017 $1,218 $66,100 $13,000 $53,100
2016 $1,214 $67,800 $13,000 $54,800
2014 $1,744 $94,100 $13,000 $81,100
2013 -- $93,200 $13,000 $80,200
Source: Public Records

Agents Affiliated with this Home

  • Laura Wright

    Seller's Agent in 2023

    Laura Wright

    PPG Real Estate LLC

    (765) 208-0958

    109 Total Sales

    Laura Wright
    Section Image
  • Christopher Dodd

    Buyer's Agent in 2023

    Christopher Dodd

    3 D Realty

    (765) 461-4438

    90 Total Sales

    Christopher Dodd
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202249122

Indiana Regional MLS

APN: 18-12-18-228-006.000-010

Indiana Delaware County Muncie 47302

6407 E Piccadilly Rd Unit 6407, 6409, 6411, Muncie, IN

This home is located at 6407 E Piccadilly Rd Unit 6407, 6409, 6411, Muncie, IN 47303 since 09 December 2022 and is currently estimated at $182,325, approximately $72 per square foot. This property was built in 1971. 6407 E Piccadilly Rd Unit 6407, 6409, 6411 is a home located in Delaware County with nearby schools including Selma Elementary School, Selma Middle School, and Wapahani High 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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