NOT LISTED FOR SALE

501 N Wheeling Ave Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $138,000 - $176,014

5 Beds
2 Baths
2,522 Sq Ft
$63/Sq Ft Est. Value

Last Sold June 27, 2022

Last sale price $135,000 $54 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,196/month

54 Days on Market

Highlights

  • Vaulted Ceiling
  • 1 Fireplace
  • Eat-In Kitchen
  • Wood Flooring
  • Corner Lot
  • 1-minute walk to Westside Park

About This Home

As of June 2022

Great Investment or nice 5 BR, 2 Bath family home located conveniently to shopping, banking, church, Ball State University, and Muncie Central. Overlooks the White River. This house was remodeled in 2010, including new kitchen with appliances, and baths. GFA & CA plus roof in 2008. Spacious rooms though out with lots of hardwood floors in spacious entry, dining room, living room, and bedrooms. Also includes a window seat sunroom! Newer windows and siding. Situated on a corner lot near IU BMH. Tenant leased through July 2023!!!

Last Agent to Sell the Property

Brian Waters

Mentor Listing Realty, Inc. Listed on: 05/04/2022

Last Buyer's Agent

Ali Starkey

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,006

Year Built

  • Built in 1880

Lot Details

  • 6,251 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Corner Lot
  • Historic Home

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Bar
  • Vaulted Ceiling
  • 1 Fireplace
  • Entrance Foyer
  • Unfinished Basement
  • Block Basement Construction
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Alameda Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18-11-09-411-017.000-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,006

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1880
  • Age: 142
  • Style: Two Story
  • Architectural Style: Historic
  • Total Number of Rooms: 10
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: ALAMEDA PLACE SUB 1 BLK 2 LOT 8
  • Parcel Number ID: 18-11-09-411-017.000-003
  • Platted: Yes
  • Amenities: Bar, Ceilings-Vaulted, Closet(s) Walk-in, Eat-In Kitchen, Foyer Entry, Patio Open
  • Cross Street: W. University Avenue
  • Sp Lp Percent: 100.07
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 3272
  • Total Finished Sq Ft: 2522
  • Above Grade Finished Sq Ft: 2522
  • Below Grade Sq Ft: 750
  • Price Per Sq Ft: 53.53
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet, Vinyl
  • Living Great Room: Dimensions: 15x14, On Level: Main
  • Kitchen: Dimensions: 22x13, On Level: Main
  • Dining Room: Dimensions: 15x11, On Level: Main
  • Extra Room: Foyer, Dimensions: 18x11, On Level: Main
  • Bedroom 1: Dimensions: 13x9, On Level: Main
  • Bedroom 2: Dimensions: 13x13, On Level: Main
  • Bedroom 3: Dimensions: 15x13, On Level: Upper
  • Bedroom 4: Dimensions: 15x14, On Level: Upper
  • Bedroom 5: Dimensions: 13x7, On Level: Upper
  • Other Room1: Den, Dimensions: 13x9, On Level: Main
  • Main Level Sq Ft: 1500
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 750

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

  • School District: Muncie Community Schools
  • Elementary School: Westview
  • Middle School: Northside
  • High School: Central
  • Elementary School: Westview

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 50x125
  • Estimated Lot Sq Ft: 6251
  • Estimated Lot Size Acres: 0.143

Tax Info

  • Annual Taxes: 2006

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 4, 2022
Closed on
Jun 25, 2022
Sold by
Grotness Erik T and Grotness Christiane
Bought by
9Silveroaks Llc
Seller's Agent
Brian Waters
Mentor Listing Realty, Inc.
Buyer's Agent
Ali Starkey
RE/MAX Real Estate Groups
List Price
$134,900
Sold Price
$135,000
Premium/Discount to List
$100
0.07%
Current Estimated Value
$167,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,341
Avg. Annual Appreciation
6.74%
Original Mortgage
$101,250
Outstanding Balance
$48,854
Interest Rate
5.25%
Mortgage Type
Credit Line Revolving
Estimated Equity
$116,722

Purchase Details

Listed on
Jan 25, 2016
Closed on
May 6, 2016
Sold by
Glover Charles W and Glover Cynthia T
Bought by
Grotness Erik T and Grotness Christiane
Seller's Agent
Jan Reed
Coldwell Banker Real Estate Group
Buyer's Agent
Rod Hinds
Wagner Auctioneering and Real Estate
List Price
$99,900
Sold Price
$91,900
Premium/Discount to List
-$8,000
-8.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Original Mortgage
$73,520
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2010
Sold by
Cb Builders Inc
Bought by
Glover Charles W and Glovre Cynthia T

Purchase Details

Closed on
May 9, 2008
Sold by
Fannie Mae
Bought by
Cb Builders Inc

Purchase Details

Closed on
Mar 14, 2008
Sold by
Bailey Bruce A and Bailey Diana G
Bought by
Federal National Mortgage Association
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
9Silveroaks Llc -- Wesley James R
Grotness Erik T -- --
Glover Charles W -- First American Absolute
Cb Builders Inc -- None Available
Federal National Mortgage Association -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 9Silveroaks Llc $101,250
Previous Owner Grotness Erik T $73,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2022 06/27/22 Sold $135,000 +0.1% $54 / Sq Ft
05/04/2022 05/04/22 For Sale $134,900 +46.8% $53 / Sq Ft
05/06/2016 05/06/16 Sold $91,900 -8.0% $36 / Sq Ft
03/23/2016 03/23/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $99,900 -- $40 / 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 $3,342 $161,700 $18,000 $143,700
2023 $3,022 $145,700 $15,000 $130,700
2022 $2,768 $133,000 $15,000 $118,000
2021 $2,486 $118,900 $15,600 $103,300
2020 $2,114 $100,300 $14,200 $86,100
2019 $1,944 $91,800 $13,500 $78,300
2018 $2,074 $98,300 $15,000 $83,300
2017 $1,946 $92,600 $13,600 $79,000
2016 $1,874 $88,300 $13,000 $75,300
2014 $1,996 $82,100 $12,000 $70,100
2013 -- $78,100 $11,600 $66,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brian Waters

    Mentor Listing Realty, Inc.

    (214) 924-0450

    1 in this area

    101 Total Sales

    Section Image
  • Ali Starkey

    Buyer's Agent in 2022

    Ali Starkey

    RE/MAX

    (765) 729-5004

    13 in this area

    97 Total Sales

    Section Image

  • J

    Seller's Agent in 2016

    Jan Reed

    Coldwell Banker Real Estate Group

    (765) 744-7282

    43 Total Sales

    Section Image

  • R

    Buyer's Agent in 2016

    Rod Hinds

    Wagner Auctioneering and Real Estate

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202216339

Indiana Regional MLS

APN: 18-11-09-411-017.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

501 N Wheeling Ave, Muncie, IN

This home is located at 501 N Wheeling Ave, Muncie, IN 47303 since 04 May 2022 and is currently estimated at $159,754, approximately $63 per square foot. This property was built in 1880. 501 N Wheeling Ave 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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