NOT LISTED FOR SALE

Estimated Value: $100,000 - $163,867

5 Beds
3 Baths
2,448 Sq Ft
$51/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $65,000 $27 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $848/month

73 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 2-minute walk to Washington Park
  • Level Lot
  • Carpet

About This Home

As of July 2020

Well maintained triplex plus rental garage and extra lot for parking or future development. This property generates $1,200 monthly gross income. Separate Electric and Gas paid by tenants. Owner pays water and sewer. Unit Mix is Efficiency, One bedroom and 3 bedroom. All units include appliances including washer and dryer.

Last Agent to Sell the Property

Brian Allardt

Coldwell Banker Real Estate Group Listed on: 02/22/2020

Coldwell Banker Real Estate Group

Last Buyer's Agent

Michael Kress

RE/MAX Evolve

RE/MAX Evolve

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 1900

Lot Details

  • 9,031 Sq Ft Lot
  • Lot Dimensions are 72.25x125
  • Level Lot

Home Design

  • Triplex
  • Brick Foundation
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Stone or Rock in Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for lawn maintenance, sewer, water
  • Assessor Parcel Number 18-11-10-390-010.000-003

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $454
  • Water Sewer Expense $1,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$860

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 120
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Kirby 2 Add Blk 15 10 ft x 125 ft ally adj & E half Lot 6 and W 31' Blk 15 Lot 7
  • Parcel Number ID: 18-11-10-390-010.000-003
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Inside City Limits: Yes
  • Sp Lp Percent: 95.59
  • Monthly Gross Income: 1200
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 3248
  • Total Finished Sq Ft: 2448
  • Above Grade Finished Sq Ft: 2448
  • Below Grade Sq Ft: 800
  • Price Per Sq Ft: 26.55
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Brick, Stone
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1350
  • Total Below Grade Sq Ft: 800
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Annual Insurance Expense: 454
  • Annual Water Sewer Expense: 1600
  • Number Electric Meters: 4
  • Number Gas Meters: 3
  • Number Of W D Hookups: 3
  • Number Water Meters: 1

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: Level, 0-2.9999
  • Lot Dimensions: 72.25x125
  • Estimated Lot Sq Ft: 9031
  • Estimated Lot Size Acres: 0.21

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Lawn Maintenance, Sewer, Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 1200
  • Number Of Dryers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 3
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 860

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
Feb 22, 2020
Closed on
Jul 24, 2020
Sold by
Whistlepunk Llc
Bought by
Collas Sara F
Seller's Agent
Brian Allardt
Coldwell Banker Real Estate Group
Buyer's Agent
Michael Kress
RE/MAX Evolve
List Price
$68,000
Sold Price
$65,000
Premium/Discount to List
-$3,000
-4.41%
Current Estimated Value
$125,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,967
Avg. Annual Appreciation
14.02%
Original Mortgage
$63,822
Outstanding Balance
$56,947
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$69,616

Purchase Details

Closed on
Jan 5, 2017
Sold by
Rabel Tracy and Rabel Tina L
Bought by
Whistlepunk Llc
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
Collas Sara F -- None Available
Whistlepunk Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collas Sara F $63,822
Previous Owner Whistlepunk Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $65,000 -4.4% $27 / Sq Ft
05/05/2020 05/05/20 Pending -- -- --
02/22/2020 02/22/20 For Sale $68,000 -- $28 / 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 $1,943 $114,400 $11,000 $103,400
2023 $1,718 $95,300 $9,200 $86,100
2022 $1,458 $84,700 $13,300 $71,400
2021 $1,614 $92,800 $13,300 $79,500
2020 $1,337 $77,500 $11,100 $66,400
2019 $884 $38,800 $11,100 $27,700
2018 $860 $37,600 $10,100 $27,500
2017 $832 $36,200 $8,800 $27,400
2016 $828 $37,300 $8,800 $28,500
2014 $763 $36,000 $8,400 $27,600
2013 -- $66,200 $8,400 $57,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202006674

Indiana Regional MLS

APN: 18-11-10-390-010.000-003