NOT LISTED FOR SALE

8801 N Walnut St Muncie, IN 47303

Estimated Value: $254,000 - $633,000

25 Acres
$18,410 Price per Acre
1,089,000 Sq Ft Lot

Last Sold March 07, 2017

Last sale price $350,000 $709 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,934/month

288 Days on Market

Highlights

  • Barn
  • Stables
  • Shed
  • Royerton Elementary School Rated A-
  • 25 Acre Lot
  • Agricultural

About This Lot

As of March 2017

HORSE FARM.....The farm features high tensile fencing, a horse shoe shaped pond, riding trails, paddocks and 3 barns and a half mile oval track, just north of the Delaware County airport on Walnut Street in Muncie. This 25+ acre horse farm is complete with a 22,000 sq. ft. riding arena that was built for competitions with concession stand, and 2 additional barns. The second barn is over 7,500 sq. ft., with 19 horse stalls, a tack room, a guest lounge and an apartment, as well as a storage room and overhead storage for hay bales. The third barn is over 4500 sq. ft. and has 9 stalls as well as a large storage area. The current survey shows 26.08 acres, however, the owner is going to resurvey and take a few additional feet just west of the current home for a remodel. MUST SPEAK WITH LISTING AGENT BEFORE SHOWING THIS PROPERTY! This property is linked with MLS #201619818.

Last Agent to Sell the Property

Jim Mochal

Coldwell Banker Real Estate Group Listed on: 03/30/2016

Coldwell Banker Real Estate Group

Last Buyer's Agent

Jim Mochal

Coldwell Banker Real Estate Group Listed on: 03/30/2016

Coldwell Banker Real Estate Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,110

Lot Details

  • 25 Acre Lot
  • Property fronts a county road
  • Rural Setting
  • Finished Lot(s)

Parking

  • Driveway

Schools

  • Royerton Elementary School
  • Delta Middle School
  • Delta High School

Farming

  • Barn
  • Agricultural

Utilities

  • Heating System Uses Gas
  • Propane
  • Well
  • Septic System

Additional Features

  • Shed
  • Stables

Listing and Financial Details

  • Assessor Parcel Number 18-07-16-400-003.000-006

Property Details

Property Type

Land

Est. Annual Taxes

$4,110

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Agricultural Land
  • Legal Description: NE Qtr SE Qtr 25.0 Acres + or - |
  • Parcel Number ID: 18-07-16-400-003.000-006
  • Platted: Yes
  • Location: Rural
  • Road Access: County
  • Road Surface: Asphalt
  • Parcel Description: Pasture
  • Type of Sale: Private Seller
  • Platted Development: Yes
  • Side Of Road: East
  • Type Use: Agriculture, Architecture
  • Special Features: None

Exterior Features

  • Road Frontage: County

Utilities

  • Water Utilities: Well
  • Electricity Type: Available
  • Fuel Type: Gas, Propane
  • Sewer Type: Septic

Schools

  • Elementary School: Royerton

Lot Info

  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 1089000
  • Estimated Lot Size Acres: 25
  • Land Features: Barn, Shed, Stable

Tax Info

  • Annual Taxes: 4110

MLS Schools

  • High School: Delta
  • Middle School: Delta
  • School District: Delaware Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2016
Closed on
Mar 7, 2017
Sold by
Rector Jeffrey A and Rector Nancy C
Bought by
Lorts Ted
Seller's Agent
Jim Mochal
Coldwell Banker Real Estate Group
Buyer's Agent
Jim Mochal
Coldwell Banker Real Estate Group
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$460,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,255
Avg. Annual Appreciation
3.16%
Original Mortgage
$280,497
Outstanding Balance
$232,732
Interest Rate
4.19%
Mortgage Type
VA
Estimated Equity
$227,523
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lorts Ted -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lorts Ted $280,497
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2017 03/07/17 Sold $350,000 0.0% $709 / Sq Ft
01/12/2017 01/12/17 Pending -- -- --
03/30/2016 03/30/16 For Sale $350,000 -- $709 / 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 $6,156 $354,600 $229,000 $125,600
2023 $6,130 $349,100 $223,500 $125,600
2022 $5,814 $349,700 $217,700 $132,000
2021 $5,830 $320,300 $214,700 $105,600
2020 $6,137 $324,400 $214,600 $109,800
2019 $5,876 $329,700 $214,600 $115,100
2018 $6,366 $330,200 $215,100 $115,100
2017 $4,015 $208,800 $92,200 $116,600
2016 $4,484 $238,100 $94,800 $143,300
2014 $4,052 $239,400 $97,000 $142,400
2013 -- $234,400 $90,000 $144,400
Source: Public Records

Agents Affiliated with this Home

  • Jim Mochal

    Seller's Agent in 2017

    Jim Mochal

    Coldwell Banker Real Estate Group

    (765) 748-1005

    81 Total Sales

    Jim Mochal
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Map

Source: Indiana Regional MLS

MLS Number: 201613317

Indiana Regional MLS

APN: 18-07-16-400-003.000-006

Indiana Delaware County Muncie 47303

8801 N Walnut St, Muncie, IN

Not Listed for Sale

Lots

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