NOT LISTED FOR SALE

Estimated Value: $65,000 - $103,000

4 Beds
2 Baths
2,356 Sq Ft
$36/Sq Ft Est. Value

Last Sold March 13, 2020

Last sale price $25,000 $11 Per Sq Ft

Est. 235% increase in value since last sale

Current estimated payment $550/month

97 Days on Market

Highlights

  • Corner Lot
  • Eat-In Kitchen
  • Baseboard Heating
  • Covered Patio or Porch
  • Forced Air Heating System
  • Carpet

About This Home

As of March 2020

Great investment opportunity! 2 unit building. Upstairs unit is currently rented for $571/month. Bottom unit vacant. New windows. Upstairs unit uses electric baseboard heart. Downstairs unit uses a gas furnace. Can be sold as a package with 1718 S. Elm and/or 1425 W. 13th. St.

Last Agent to Sell the Property

Alexa Bailey

F.C. Tucker Muncie, REALTORS Listed on: 11/12/2019

Last Buyer's Agent

Lisa Buckner

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $602

Year Built

  • Built in 1900

Lot Details

  • 5,127 Sq Ft Lot
  • Lot Dimensions are 41x125
  • Corner Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

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

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Southview Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Multiple Heating Units
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit value
  • The owner pays for electric, heating, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 18-11-16-252-006.000-003

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$602

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1900
  • Age: 120
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: S T N 0.0000ACRES STR: 162010 IN: 1 OUT
  • Parcel Number ID: 18-11-16-252-006.000-003
  • Platted: Yes
  • Amenities: Cable Available, Countertops-Laminate, Eat-In Kitchen, Porch Covered, Water Heater Electric
  • Sp Lp Percent: 86.21
  • Monthly Gross Income: 1121
  • Year Taxes Payable: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3192
  • Total Finished Sq Ft: 2356
  • Above Grade Finished Sq Ft: 2356
  • Below Grade Sq Ft: 836
  • Price Per Sq Ft: 10.61
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Stone
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 836
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Heating Fuel: Electricity, Gas, Baseboard, Forced Air, Multiple Heating Systems
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • School District: Muncie Community Schools
  • Elementary School: Southview
  • Middle School: Northside
  • High School: Central
  • Elementary School: Southview

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 41x125
  • Estimated Lot Sq Ft: 5127
  • Estimated Lot Size Acres: 0.1177

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Deposit Value

Multi Family

  • Gross Monthly Rent: 1121
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 602

MLS Schools

  • High School: Central
  • Middle School: Northside
  • School District: Muncie Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2022
Sold by
Gilbert Linnel
Bought by
801 W Powers Llc
Current Estimated Value
$83,708

Purchase Details

Listed on
Nov 12, 2019
Closed on
Mar 13, 2020
Sold by
Parker Tom C and Parker Tammy J
Bought by
Linnel Gilbert
Seller's Agent
Alexa Bailey
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Lisa Buckner
RE/MAX Real Estate Groups
List Price
$29,000
Sold Price
$25,000
Premium/Discount to List
-$4,000
-13.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.23%

Purchase Details

Closed on
Dec 30, 2009
Sold by
Woodhouse Ernest S
Bought by
Parker Tom C and Parker Tammy J

Purchase Details

Closed on
Jun 6, 2008
Sold by
Mejia Nathaniel W
Bought by
Woodhouse Ernest S

Purchase Details

Closed on
Jul 3, 2007
Sold by
Penny Foreclouser Iii Llc
Bought by
Mejia Nathaniel W and Woodhouse Ernest Schneider

Purchase Details

Closed on
May 25, 2007
Sold by
White Toby L and White Diana L
Bought by
Penny Foreclosures Iii 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
801 W Powers Llc -- Smith James W
Linnel Gilbert -- None Available
Parker Tom C -- Youngs Title
Woodhouse Ernest S -- None Available
Mejia Nathaniel W -- None Available
Penny Foreclosures Iii Llc -- Metropolitian Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2020 03/13/20 Sold $25,000 -13.8% $11 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
01/20/2020 01/20/20 For Sale $29,000 0.0% $12 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
11/12/2019 11/12/19 For Sale $29,000 -- $12 / 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 $1,138 $51,500 $4,800 $46,700
2023 $968 $43,000 $4,000 $39,000
2022 $924 $40,800 $4,000 $36,800
2021 $714 $30,300 $5,100 $25,200
2020 $694 $29,300 $5,100 $24,200
2019 $622 $25,700 $5,100 $20,600
2018 $602 $24,700 $5,100 $19,600
2017 $610 $25,100 $5,100 $20,000
2016 $610 $25,100 $5,100 $20,000
2014 $399 $17,800 $4,800 $13,000
2013 -- $17,100 $4,700 $12,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201949696

Indiana Regional MLS

APN: 18-11-16-252-006.000-003