NOT LISTED FOR SALE

714 E Main St Muncie, IN 47305

East Central Neighborhood

Estimated Value: $165,000 - $187,000

4 Beds
4 Baths
2,809 Sq Ft
$61/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $120,000 $43 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,133/month

1 Day on Market

About This Home

As of October 2020

Amazing Profiting Investment Property!

This is an historic home that was completely renovated into a triplex. This property holds (2) 1 bedroom 1 bath units Upstairs, (1) 3 bedroom 1 bath unit Downstairs, one main entrance with key and code lock doorknob, separate unit entrances with code and key door knobs, on site common laundry room, common front porch, all units come fully furnished, wifi is connected to each unit, parking area in the back with access from the street and ally way. This property has housed ball state students, ball state professors, etc. 3 bedroom unit is currently rented until 5/31/2021 at $950. The other 2 are currently marketed for rent at $750.

Last Agent to Sell the Property

Sally Saladino

Dropped Members License #RB19000120 Listed on: 08/07/2020

Last Buyer's Agent

Peter Stewart

Peter Stewart Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,068

Year Built

  • Built in 1898

Lot Details

  • 5,001

Home Design

  • Victorian Architecture
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 5,001 Sq Ft Lot
  • Basement

Community Details

  • T Kirby 6 Add Subdivision

Listing and Financial Details

  • Tenant pays for noutil
  • The owner pays for all utilities
  • Assessor Parcel Number 181110386013000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,068

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Victorian
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1898
  • Lot Size Acres: 0.1148
  • Structure Type: Triplex
  • Subdivision Name: T KIRBY 6 ADD
  • Inspection Warranties: Not Applicable
  • Property Description: Amazing Profiting Investment Property! This is an historic home that was completely renovated into a triplex. This property holds (2) 1 bedroom 1 bath units Upstairs, (1) 3 bedroom 1 bath unit Downstairs, one main entrance with key and code lock doorknob, separate unit entrances with code and key door knobs, on site common laundry room, common front porch, all units come fully furnished, wifi is connected to each unit, parking area in the back with access from the street and ally way. This property has housed ball state students, ball state professors, etc. 3 bedroom unit is currently rented until 5/31/2021 at $950. The other 2 are currently marketed for rent at $750.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: All Utilities
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Common

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Unit Parking: On Street,Parking Lot,Other

Utilities

  • Solid Waste: 1

Fee Information

  • Insurance Expenses: 742

Lot Info

  • Parcel Number: 181110386013000003
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Sidewalks,Not In Subdivision
  • Lot Number: 1110386
  • Lot Size: 5,000

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NoUtil

Multi Family

  • Net Operating Income: 8456

Tax Info

  • Tax Annual Amount: 1068
  • Semi Annual Property Tax Amt: 534
  • Tax Exemption: None

MLS Schools

  • School District: Muncie Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Oct 23, 2020
Sold by
Maple Branch Properties Llc
Bought by
Kingston Seth
Seller's Agent
Sally Saladino
Dropped Members
Buyer's Agent
Peter Stewart
Peter Stewart Realty LLC
List Price
$160,000
Sold Price
$120,000
Premium/Discount to List
-$40,000
-25%
Current Estimated Value
$172,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,667
Avg. Annual Appreciation
7.44%
Original Mortgage
$69,750
Outstanding Balance
$62,039
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$110,628

Purchase Details

Closed on
May 25, 2019
Sold by
Thomason Levi and Carmichael Tyrone
Bought by
Maple Branch Properties Llc

Purchase Details

Closed on
Jul 18, 2018
Sold by
Heppner John W
Bought by
Thomason Levi and Carmichael Tyrone

Purchase Details

Listed on
Aug 30, 2011
Closed on
Oct 1, 2012
Sold by
Youth Opportunity Center Inc
Bought by
Heppner John W
Seller's Agent
Ed Conatser
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Timothy J (Tim) Foley
Eagle Real Estate, LLC
List Price
$69,000
Sold Price
$57,500
Premium/Discount to List
-$11,500
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$56,456
Interest Rate
3.66%
Mortgage Type
FHA
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
Kingston Seth -- None Available
Maple Branch Properties Llc -- None Available
Thomason Levi -- None Available
Heppner John W -- Youngs Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kingston Seth $69,750
Previous Owner Heppner John W $56,456
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2020 10/23/20 Sold $120,000 -25.0% $43 / Sq Ft
08/09/2020 08/09/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $160,000 +178.3% $57 / Sq Ft
10/01/2012 10/01/12 Sold $57,500 -16.7% $20 / Sq Ft View Prior Sale
05/18/2012 05/18/12 Pending -- -- --
08/30/2011 08/30/11 For Sale $69,000 -- $25 / 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 $2,680 $128,600 $10,800 $117,800
2023 $2,252 $107,200 $9,000 $98,200
2022 $1,996 $94,400 $13,000 $81,400
2021 $2,188 $104,000 $13,000 $91,000
2020 $1,840 $86,600 $10,800 $75,800
2019 $1,767 $82,800 $10,800 $72,000
2018 $1,273 $78,400 $9,900 $68,500
2017 $1,175 $75,800 $8,600 $67,200
2016 $1,135 $72,600 $8,600 $64,000
2014 $973 $67,900 $8,200 $59,700
2013 -- $67,300 $8,200 $59,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sally Saladino

    Dropped Members

    Section Image

  • P

    Buyer's Agent in 2020

    Peter Stewart

    Peter Stewart Realty LLC

    Section Image
  • Ed Conatser

    Seller's Agent in 2012

    Ed Conatser

    F.C. Tucker Muncie, REALTORS

    (765) 744-0899

    2 in this area

    65 Total Sales

    Ed Conatser
    Section Image

  • T

    Buyer's Agent in 2012

    Timothy J (Tim) Foley

    Eagle Real Estate, LLC

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21729887

MIBOR Broker Listing Cooperative®

APN: 18-11-10-386-013.000-003

Indiana Delaware County Muncie 47305 East Central

714 E Main St, Muncie, IN

Not Listed for Sale

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