1708 W 7th St Muncie, IN 47302
Thomas Park-Avondale NeighborhoodEstimated payment $471/month
Total Views
19,803
3
Beds
1
Bath
1,215
Sq Ft
$62
Price per Sq Ft
Highlights
- Traditional Architecture
- Wood Frame Window
- Laundry closet
- No HOA
- 1 Car Detached Garage
- Vinyl Plank Flooring
About This Home
Cash flowing 3 bed 1 bath home. Update completed in 2022, new flooring throughout, updated appliances, fresh interior paint. Furnace and Water Heater less than 3 years old. This is a Section 8 property. Current rent is $784 a month with 20% down return is 9% annualized. $100 rent increase makes that return 13%. Proforma snapshot included in documents. Tenant pays all utilities. Economic growth remains steady with strong housing demand per Indiana Business review. The most recent forecast from Indiana University's Center for Econometric Model Research shows employment growth of 1.89% over the next two years (2023 Q4 to 2025 Q4). Personal income is expected to increase 3.4% through 2027 Property is being offered as part of a 4 unit package. An additional 2 unit package is also available, addresses and financials included in attached documents. Attached photos were taken before property was rented. Seller will not work with wholesalers or consider creative finance options. For additional questions and to arrange showings reach out to listing agent. Proof of funds and 24hr notice required for all showings
Listing Agent
JMG Indiana Brokerage Email: Richardgraham@jasonmitchellgroup.com License #RB16001345 Listed on: 04/17/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $638
Year Built
- Built in 1896
Lot Details
- 5,000 Sq Ft Lot
Parking
- 1 Car Detached Garage
Home Design
- Traditional Architecture
- Block Foundation
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Wood Frame Window
- Combination Kitchen and Dining Room
- Vinyl Plank Flooring
- Electric Oven
- Laundry closet
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Window Unit Cooling System
- Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 22 / 2
- Assessor Parcel Number 181117430022000003
Map
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Home Values in the Area
Average Home Value in this Area
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 | $766 | $17,700 | $5,100 | $12,600 |
| 2023 | $637 | $14,800 | $4,200 | $10,600 |
| 2022 | $364 | $12,800 | $4,200 | $8,600 |
| 2021 | $332 | $11,200 | $3,400 | $7,800 |
| 2020 | $859 | $12,800 | $4,500 | $8,300 |
| 2019 | $108 | $12,800 | $4,500 | $8,300 |
| 2018 | $446 | $14,200 | $5,000 | $9,200 |
| 2017 | $767 | $15,700 | $6,600 | $9,100 |
| 2016 | $448 | $17,000 | $7,400 | $9,600 |
| 2014 | $555 | $25,600 | $7,400 | $18,200 |
| 2013 | -- | $25,400 | $7,400 | $18,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | Price Changed | $75,000 | -76.9% | $62 / Sq Ft |
| 04/17/2025 04/17/25 | For Sale | $325,000 | +2400.0% | $267 / Sq Ft |
| 07/28/2022 07/28/22 | Sold | $13,000 | -13.3% | $11 / Sq Ft |
| 07/21/2022 07/21/22 | Pending | -- | -- | -- |
| 07/12/2022 07/12/22 | For Sale | $15,000 | -- | $12 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $13,000 | Trulock James W | |
| Commissioners Deed | $3,000 | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $1,458 | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $1,653 | None Available | |
| Special Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $16,150 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $48,800 | Credit Line Revolving |
Source: Public Records
Similar Homes in Muncie, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22033091
APN: 18-11-17-430-022.000-003
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