NOT LISTED FOR SALE

1005 W Rex St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $131,000 - $210,000

2 Beds
1 Bath
925 Sq Ft
$178/Sq Ft Est. Value

Last Sold July 18, 2019

Last sale price $92,500 $100 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,205/month

27 Days on Market

Highlights

  • Wood Flooring
  • 1-Story Property
  • 4-minute walk to Delaware County Fairgrounds
  • 1 Car Detached Garage
  • Level Lot

About This Home

As of July 2019

Investment opportunity! This rental property is close to Ball State University and is currently being rented for $325/month. This is a 2 bedroom, 1 full bath that just needs a little TLC. THIS HOUSE IS BEING SOLD AS A PACKAGE!! This house is being sold along with the one next door (1009 W. Rex St.).

Last Agent to Sell the Property

Aaron Loy

Loy Real Estate Listed on: 05/01/2019

Last Buyer's Agent

Aaron Loy

Loy Real Estate Listed on: 05/01/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,062

Year Built

  • Built in 1930

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 40x125
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Unfinished Basement
  • Sump Pump
  • Fire and Smoke Detector
  • Washer and Gas Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

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

Additional Features

  • Suburban Location
  • Window Unit Cooling System

Listing and Financial Details

  • Assessor Parcel Number 18-11-09-135-006.000-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,062

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1930
  • Age: 89
  • Style: One Story
  • Total Number of Rooms: 5
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: NEELY ADD Block #10 Lot #3 STR: 092010
  • Parcel Number ID: 18-11-09-135-006.000-003
  • Platted: Yes
  • Amenities: Deck Open, Detector-Smoke, Dryer Hook Up Electric, Dryer Hook Up Gas/Elec, Sump Pump, Washer Hook-Up
  • Investment Property: Yes
  • Location: City/Town/Suburb, Near College Campus
  • Sp Lp Percent: 77.41
  • Year Taxes Payable: 2017
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1775
  • Total Finished Sq Ft: 925
  • Above Grade Finished Sq Ft: 925
  • Below Grade Sq Ft: 850
  • Price Per Sq Ft: 100
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Carpet, Hardwood Floors, Tile, Vinyl
  • Living Great Room: Dimensions: 24x12, On Level: Main
  • Kitchen: Dimensions: 10x10, On Level: Main
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 850

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 13x10
  • Garage Sq Ft: 130
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Window
  • Heating Fuel: Electric
  • Sewer: City
  • Water Utilities: City

Condo/Co-op/Association

  • Common Amenities: Sidewalks

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: 40x125
  • Estimated Lot Sq Ft: 5000
  • Estimated Lot Size Acres: 0.1148
  • Lot Number: 3

Tax Info

  • Annual Taxes: 1062
  • Total Assessed Value: 53600

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
May 1, 2019
Closed on
Jul 18, 2019
Sold by
Ralph Properties Llc
Bought by
3 Brothers Campus Properties
Seller's Agent
Aaron Loy
Loy Real Estate
Buyer's Agent
Aaron Loy
Loy Real Estate
List Price
$119,500
Sold Price
$92,500
Premium/Discount to List
-$27,000
-22.59%
Current Estimated Value
$164,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,135
Avg. Annual Appreciation
9.30%
Original Mortgage
$74,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2014
Sold by
Ralph Ryan P and Ralph Margaret M
Bought by
Ralph Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2014
Sold by
Ralph Properties Llc
Bought by
Ralph Ryan P and Ralph Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2008
Sold by
Ralph Ryan P and Ralph Margaret
Bought by
Ralph Properties Llc

Purchase Details

Closed on
Jun 12, 2006
Sold by
Miller Amber L and Miller Terry M
Bought by
Ralph Ryan and Ralph Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,200
Interest Rate
6.68%
Mortgage Type
New Conventional
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
3 Brothers Campus Properties -- None Available
Ralph Properties Llc -- --
Ralph Ryan P -- --
Ralph Ryan P -- --
Ralph Properties Llc -- None Available
Ralph Ryan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3 Brothers Campus Properties Llc $234,000
Closed 3 Brothers Campus Properties $74,000
Previous Owner Ralph Margaret $40,000
Previous Owner Ralph Ryan $44,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2019 07/18/19 Sold $92,500 -22.6% $100 / Sq Ft
05/28/2019 05/28/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $119,500 -- $129 / 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 $3,690 $178,600 $14,700 $163,900
2023 $3,094 $148,800 $12,200 $136,600
2022 $2,950 $141,600 $12,200 $129,400
2021 $2,704 $129,300 $11,100 $118,200
2020 $1,174 $52,800 $10,100 $42,700
2019 $1,204 $54,300 $10,100 $44,200
2018 $1,180 $53,100 $10,100 $43,000
2017 $1,190 $53,600 $10,200 $43,400
2016 $1,140 $51,100 $9,700 $41,400
2014 $949 $44,800 $9,200 $35,600
2013 -- $44,500 $9,200 $35,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Aaron Loy

    Loy Real Estate

    (260) 726-2700

    17 Total Sales

    Aaron Loy
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Map

Source: Indiana Regional MLS

MLS Number: 201917211

Indiana Regional MLS

APN: 18-11-09-135-006.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

1005 W Rex St, Muncie, IN

This home is located at 1005 W Rex St, Muncie, IN 47303 since 01 May 2019 and is currently estimated at $164,635, approximately $177 per square foot. This property was built in 1930. 1005 W Rex St is a home located in Delaware County with nearby schools including Muncie Central High School, West View Elementary School, and Northside Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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