NOT LISTED FOR SALE

Estimated Value: $52,000 - $98,000

2 Beds
1 Bath
-- Sq Ft
4,186 Sq Ft Lot

Last Sold February 03, 2021

Last sale price $33,000

Est. 144% increase in value since last sale

Current estimated payment $560/month

115 Days on Market

About This Home

As of February 2021

Don't miss this 3 unit 2 building property near downtown Muncie. Basement has been plumbed for a bathroom and could be finished out for an additional unit. Currently 2 units are occupied. The separate 2 bedroom building is vacant and easy to show.

Last Agent to Sell the Property

Thomas Colvin

eXp Realty, LLC Listed on: 09/21/2020

eXp Realty, LLC

Co-Listed By

Ashley Colvin

eXp Realty, LLC

Last Buyer's Agent

Karina Marie

Sandcastle Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 4,186

Home Design

  • Traditional Architecture
  • Block Foundation
  • Aluminum Siding

Additional Features

  • 2-Story Property
  • 4,186 Sq Ft Lot

Community Details

  • Prouds Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, insurance
  • The owner pays for insurance, sewer, water
  • Tax Lot 6, 7
  • Assessor Parcel Number 181116128002000003

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1938
  • Co List Office Phone: 317-843-0011
  • Lot Size Acres: 0.0961
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Triplex
  • Subdivision Name: Prouds
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: Yes
  • MBR_AttributionContact: thomas.colvin@exprealty.com
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Insurance, Insurance, Sewer, Water
  • Possible Use: Residential
  • ResoLivingAreaSource: Assessor
  • SqFt Total: 3456

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 44900
  • Road Access: Frontage Road

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Utilities: Electricity Connected, Gas, Sewer Connected, Water Connected
  • Solid Waste: No

Fee Information

  • Expenses: 0

Lot Info

  • Additional Parcels: No
  • Current Use: Apt<20
  • Lot Size Sq Ft: 4186
  • Parcel Number: 181116128002000003
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Cable TV, Electricity, Insurance

Multi Family

  • Gross Income: 1525
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 876
  • Tax Lot: 6, 7
  • Semi Annual Property Tax Amt: 438
  • Tax Exemption: None

MLS Schools

  • Schools: MUNCIE CENTRAL HIGH,NORTHSIDE MIDDLE,WEST VIEW ELEMENTARY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2021
Sold by
Indy Investors Property Management Llc
Bought by
Ljs Rentals Llc
Current Estimated Value
$80,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Outstanding Balance
$58,791
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$24,244

Purchase Details

Listed on
Sep 21, 2020
Closed on
Feb 3, 2021
Sold by
Gustin William J
Bought by
Indy Investors Property Management Llc
Seller's Agent
Thomas Colvin
eXp Realty, LLC
Buyer's Agent
Karina Marie
Sandcastle Real Estate, LLC
List Price
$49,900
Sold Price
$33,000
Premium/Discount to List
-$16,900
-33.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.43%

Purchase Details

Closed on
Mar 29, 2010
Sold by
Secretary Of Housing & Urban Development
Bought by
Justin William J

Purchase Details

Closed on
Feb 5, 2009
Sold by
Citimortgage Inc
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Dec 4, 2008
Sold by
Thornbro Christopher R
Bought by
Citimortgage Inc
Source: Public Records

Range of Values:

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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
Ljs Rentals Llc $88,000 Investors Title Service Inc
Indy Investors Property Management Llc $33,000 None Available
Justin William J -- None Available
Secretary Of Housing & Urban Development -- None Available
Citimortgage Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ljs Rentals Llc $76,000
Closed Ljs Rentals Llc $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2021 02/03/21 Sold $33,000 -26.5% --
01/15/2021 01/15/21 Pending -- -- --
11/16/2020 11/16/20 Price Changed $44,900 -10.0% --
09/21/2020 09/21/20 For Sale $49,900 -- --
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 $1,456 $67,400 $4,600 $62,800
2023 $1,230 $56,100 $3,800 $52,300
2022 $1,172 $53,200 $3,800 $49,400
2021 $880 $38,600 $4,900 $33,700
2020 $856 $37,400 $4,900 $32,500
2019 $802 $37,400 $4,900 $32,500
2018 $876 $35,700 $4,900 $30,800
2017 $836 $36,400 $4,900 $31,500
2016 $836 $36,400 $4,900 $31,500
2014 $713 $33,500 $4,700 $28,800
2013 -- $32,100 $4,500 $27,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21739631

MIBOR Broker Listing Cooperative®

APN: 18-11-16-128-002.000-003