NOT LISTED FOR SALE

2609 W 8th St Muncie, IN 47302

Forest Park Neighborhood

Estimated Value: $52,000 - $89,000

2 Beds
1 Bath
624 Sq Ft
$108/Sq Ft Est. Value

Last Sold January 02, 2020

Last sale price $25,000 $40 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $424/month

28 Days on Market

Highlights

  • Wood Frame Window
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Bungalow
  • Forced Air Heating System
  • Wood Siding

About This Home

As of January 2020

Owned by one owner for years, this property has been well-maintained and rented out consistently for $400/month plus utilities. Now vacant, this seller is ready to retire from owning investment property. This is a small home, just 625 sq ft, but it has a nice size living room and kitchen, and is ready for a new owner/renter to call it their own. With a new roof, furnace, water heater, kitchen counter, and all new flooring, this home is move-in ready. At this amazing price, this property makes sense for investors or new home buyers looking for a nice, cozy space. Give this one a shot - it has a ton of potential!

Last Agent to Sell the Property

Renay Pegg

Dropped Members License #RB19000372 Listed on: 10/24/2019

Last Buyer's Agent

Ryan Kramer

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $474

Year Built

  • Built in 1914

Lot Details

  • 7,501 Sq Ft Lot

Home Design

  • Bungalow
  • Wood Siding

Interior Spaces

  • 624 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Attic Access Panel
  • Fire and Smoke Detector
  • Gas Oven

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • R And U L Co Subdivision

Listing and Financial Details

  • Assessor Parcel Number 181117377009000003

Home Details

Home Type

Single Family

Est. Annual Taxes

$474

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow/Shotgun
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1914
  • Garage Y N: No
  • Lot Size Acres: 0.1722
  • Subdivision Name: R AND U L CO
  • Inspection Warranties: Not Applicable
  • Property Description: Owned by one owner for years, this property has been well-maintained and rented out consistently for $400/month plus utilities. Now vacant, this seller is ready to retire from owning investment property. This is a small home, just 625 sq ft, but it has a nice size living room and kitchen, and is ready for a new owner/renter to call it their own. With a new roof, furnace, water heater, kitchen counter, and all new flooring, this home is move-in ready. At this amazing price, this property makes sense for investors or new home buyers looking for a nice, cozy space. Give this one a shot - it has a ton of potential!
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Gas Oven
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access, Windows Wood
  • Living Area: 624
  • Other Equipment: Smoke Detector
  • Room Count: 2
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 624
  • Main Level Sq Ft: 624
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 624

Exterior Features

  • Construction Materials: Wood Siding
  • Disclosures: Not Applicable
  • Foundation Details: Crawl Space
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: None

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 181117377009000003
  • Acres: <1/4 Acre
  • Lot Number: 2-3
  • Lot Size: 7,500

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 474
  • Semi Annual Property Tax Amt: 237
  • Tax Exemption: None

MLS Schools

  • School District: Muncie Community
  • Schools: Muncie Central High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2019
Closed on
Jan 2, 2020
Sold by
Reasoner Joseph P and Reasoner Deborah S
Bought by
Lee Chad E
Seller's Agent
Renay Pegg
Dropped Members
Buyer's Agent
Ryan Kramer
RE/MAX Real Estate Groups
List Price
$33,000
Sold Price
$25,000
Premium/Discount to List
-$8,000
-24.24%
Current Estimated Value
$67,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,267
Avg. Annual Appreciation
18.00%
Original Mortgage
$18,750
Outstanding Balance
$8,957
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$58,310
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lee Chad E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Chad E $18,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2020 01/02/20 Sold $25,000 -24.2% $40 / Sq Ft
11/22/2019 11/22/19 Pending -- -- --
10/24/2019 10/24/19 For Sale $33,000 -- $53 / Sq Ft
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 $838 $36,500 $8,600 $27,900
2023 $719 $30,500 $7,200 $23,300
2022 $631 $26,100 $7,200 $18,900
2021 $569 $23,000 $5,700 $17,300
2020 $513 $20,200 $5,700 $14,500
2019 $533 $21,100 $5,700 $15,400
2018 $582 $23,500 $6,300 $17,200
2017 $619 $25,400 $8,500 $16,900
2016 $662 $27,500 $9,400 $18,100
2014 $483 $21,800 $9,400 $12,400
2013 -- $21,700 $9,400 $12,300
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Renay Pegg

    Dropped Members

    Section Image

  • R

    Buyer's Agent in 2020

    Ryan Kramer

    RE/MAX

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21677908

MIBOR Broker Listing Cooperative®

APN: 18-11-17-377-009.000-003

Indiana Delaware County Muncie 47302 Forest Park

2609 W 8th St, Muncie, IN

Not Listed for Sale

Detached

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