See Home Value
Muncie 47302
309-311 W Memorial Drive
$54,100*
House - Off Market

309-311 W Memorial Drive

Muncie, IN 47302
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1240 Sqft
$50,000 - $60,000
Reference Base Price*
3.05%
Since Apr 1, 2023
National-US
Primary Model
Sold Mar 30, 2023
$49,000
Sold Mar 22, 2023
$49,000

About This Property

Perfect value add investment property up for sale! This home is located close to everything providing walkablity to the post office, Maring-Hunt library, restaurants, and bus stops. This duplex has a great layout with one unit on the first floor and second unit on the upper level with a private side entrance. Main floor unit has a large family room, dining room or bedroom, kitchen, and bathroom with laundry on the main floor as well as access to the basement. The second unit upstairs features a spacious living room, cute bathroom with a crawl foot bathtub, separate bedroom, and kitchen. If buyer prefers the home could easily be converted back to a single family residence with a perfect layout of 3 bedrooms and 2 bathrooms.

The manager has listed the unit size as 1240 square feet.
Unit Size
1,240Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$42
Property Type
House
Property Taxes
$53
HOA Dues
-
Year Built
1918

Price History

Date / Event Date Event Price
Mar 30, 2023 Sold to Away Holdings Llc 5 $49,000
Sold to Away Holdings Llc 5
Mar 25, 2023 No longer available -
No longer available
Mar 4, 2023 In contract -
In contract
Feb 16, 2023 Listed $52,500
Listed
Mar 9, 2021 Sold $134,400
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: D+
  • Construction Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 620
  • Garage Type: Carport
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,375
  • Lot Size Depth Feet: 12,500
  • Lot Size Frontage Feet: 4,300
  • Total Building Area: 1,240
  • Building Area: 1,240
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,240
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: H L & M ADD
  • Land Acres: 0.123
  • Standard Land Use Code: Single family residential
  • Legal Description 1: H L & M ADD BLK 59 LOT 3

Ownership

  • Current Owner : 5 AWAY HOLDINGS LLC
  • Previous Owner : AZ HOLDINGS LLC
  • Owner Before Previous Owner: AZ HOLDINGS LLC
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 25, 2024

Neighborhood

  • School District Name: Muncie Community Schools
  • Census Tract: 001600

Geography

  • Assessors Map Reference: 11-21-D- -088
  • Account Number: 11 21 227 004 000
  • District: 0001
  • Parcel: 18-11-21-227-004.000-003
  • Block: 59
  • Lot: 3
  • Municipality: CENTER TOWNSHIP
  • Latitude: 40.1781
  • Longitude: -85.389

    Address

  • Full Address: 309 W Memorial Dr
  • Address - House Number: 309
  • Street Direction: W
  • Address - Street Name: Memorial
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Muncie
  • Carrier Code: C017
  • 4-Digit Zip Code: 3202
  • Zip Code: 47302

Valuation

    Tax

  • Total Area: 1,860
  • Tax Year: 2023
  • Tax Amount: $792
  • Tax Rate Code Area: 3:MUNCIE C

    Appraisal Valuation

  • Standard Deviation: 0.2015
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 59
  • Final Value: 16,876
  • High Value: 20,276
  • Low Value: 13,475

    Market Valuation

  • Market Total Value: $34,200
  • Market Land Value: $4,600
  • Market Improvement Value: $29,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,200
  • Assessed Land Value: $4,600
  • Assessed Improvements Value: $29,600

    Sales

  • Current Sale Contract Date: Mar 17, 2023
  • Current Sale Recording Date: Mar 30, 2023
  • Current Sale Transaction ID: 11904378060
  • Current Sale Price: $49,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4022
  • Previous Sale Recording Date: Mar 22, 2023
  • Previous Sale Contract Date: Mar 17, 2023
  • Previous Sale Amount: $49,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$44,900 Mar 1, 2023
-
-
Commercial
Loft
1 Bath
-
$59,900 Jan 23, 2023
-
$85/mo

About Muncie


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Frequently Asked Questions

When was property at 309 West Memorial Drive built and last sold?
The property at 309 West Memorial Drive was built in 1918 and last sold on Mar 17, 2023 for $49,000.
How much is this home worth?
The estimated value of the home located at 309 West Memorial Drive is $56,230.
What are some comparable homes to 309 West Memorial Drive?
Homes that are comparable to 309 West Memorial Drive include a multifamily property at 2217 South Elm Street, a commercial property at 1309 South Hoyt Avenue, which are both great to check out.

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