NOT LISTED FOR SALE

Estimated Value: $61,000 - $102,000

4 Beds
3 Baths
1,650 Sq Ft
$47/Sq Ft Est. Value

Last Sold May 09, 2018

Last sale price $30,000 $18 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $543/month

14 Days on Market

Highlights

  • Storm Windows
  • Level Lot
  • Carpet
  • Forced Air Heating System
  • Wood Siding

About This Home

As of May 2018

Looking for an investment property near downtown in the West End Historic District? This 3 unit complex situated on a double lot has been well maintained and the detached garage has been converted to a studio apartment and adds another 500 SqFt of living space. Electrical is separate

Last Agent to Sell the Property

Kara DeWeese

KMD Real Estate LLC Listed on: 04/16/2018

Last Buyer's Agent

Meghan Fallis

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $518

Year Built

  • Built in 1895

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 31x125
  • Level Lot

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 2-Story Property
  • Carpet
  • Storm Windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • 3 Parking Spaces
  • Gravel Driveway

Location

  • Suburban Location

Schools

  • Westview Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable, electric, heating, sewer, water
  • The owner pays for tax
  • Assessor Parcel Number 18-11-16-129-003.000-003

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$518

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1895
  • Age: 123
  • Style: Tri-Level
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: PROUD 2 ND ADD W HLF LOT 19 |
  • Parcel Number ID: 18-11-16-129-003.000-003
  • Platted: Yes
  • Amenities: Storm Windows
  • Cross Street: Proud St.
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1350
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 2520
  • Total Finished Sq Ft: 1650
  • Above Grade Finished Sq Ft: 1650
  • Below Grade Sq Ft: 870
  • Price Per Sq Ft: 18.18
  • Basement: Yes
  • Basement Foundation: Crawl, Outside Entrance, Partial Basement, Slab
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 870
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Shingle, Wood
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking: Gravel

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 1200
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 2
  • Number Water Meters: 3

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 31x125
  • Estimated Lot Sq Ft: 3920
  • Estimated Lot Size Acres: 0.09

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Tax
  • Tenant Pays: Cable, Electric, Heating, Sewer, Water

Tax Info

  • Total Assessed Value: 20400
  • Annual Property Tax: 518

Multi Family

  • Gross Monthly Rent: 1350
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1

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
Apr 16, 2018
Closed on
May 8, 2018
Sold by
Spangler John
Bought by
Gossman Adrienne
Seller's Agent
Kara DeWeese
KMD Real Estate LLC
Buyer's Agent
Meghan Fallis
Coldwell Banker Real Estate Group
List Price
$34,900
Sold Price
$30,000
Premium/Discount to List
-$4,900
-14.04%
Current Estimated Value
$78,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,214
Avg. Annual Appreciation
13.55%

Purchase Details

Listed on
Apr 11, 2015
Closed on
Jan 20, 2016
Sold by
Stone Todd
Bought by
Spangler John
Seller's Agent
Ryan Orr
RE/MAX Real Estate Groups
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$24,900
Sold Price
$20,000
Premium/Discount to List
-$4,900
-19.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.28%

Purchase Details

Closed on
Feb 26, 2010
Sold by
Tank Glenn E and Tank Andrea E
Bought by
Stone Todd
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
Gossman Adrienne -- None Available
Spangler John -- --
Stone Todd -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2018 05/09/18 Sold $30,000 -14.0% $18 / Sq Ft
04/30/2018 04/30/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $34,900 +74.5% $21 / Sq Ft
01/26/2016 01/26/16 Sold $20,000 0.0% --
01/22/2016 01/22/16 Sold $20,000 -19.7% $12 / Sq Ft
01/08/2016 01/08/16 Pending -- -- --
01/08/2016 01/08/16 For Sale $24,900 0.0% --
01/08/2016 01/08/16 Pending -- -- --
12/29/2015 12/29/15 For Sale $24,900 +24.5% $15 / Sq Ft
12/01/2015 12/01/15 Off Market $20,000 -- --
11/09/2015 11/09/15 Price Changed $24,900 -2.0% --
10/27/2015 10/27/15 Price Changed $25,400 -15.1% --
04/11/2015 04/11/15 For Sale $29,900 -- --
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 $1,302 $59,700 $3,600 $56,100
2023 $581 $49,800 $3,000 $46,800
2022 $1,032 $46,100 $3,000 $43,100
2021 $778 $33,400 $3,900 $29,500
2020 $756 $32,300 $3,900 $28,400
2019 $525 $20,800 $3,900 $16,900
2018 $511 $20,100 $3,900 $16,200
2017 $517 $20,400 $3,900 $16,500
2016 $551 $22,100 $3,900 $18,200
2014 $428 $19,200 $3,700 $15,500
2013 -- $18,400 $3,600 $14,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201814786

Indiana Regional MLS

APN: 18-11-16-129-003.000-003