NOT LISTED FOR SALE

523 W 8th St Unit 525 Muncie, IN 47302

Thomas Park-Avondale Neighborhood

Estimated Value: $75,000 - $98,000

3 Beds
1.5 Baths
1,541 Sq Ft
$56/Sq Ft Est. Value

Last Sold August 12, 2020

Last sale price $40,000 $26 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $538/month

5 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Level Lot
  • 2 Car Detached Garage

About This Home

As of August 2020

Investment Opportunity. 3 bedroom, 1.5 bath. Currently rented for 650/mo on a 12 month lease (Sec 8 approved). 2 car detached garage. Updated furnace & newer windows. Possible investor package with 4 other listings on 8th St.

Last Agent to Sell the Property

Heather Clemmons

Starr Real Estate LLC Listed on: 07/16/2020

Last Buyer's Agent

Dustin Ford

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $108

Year Built

  • Built in 1885

Lot Details

  • 5,124 Sq Ft Lot
  • Lot Dimensions are 42x122
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,541 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Schools

  • Southview Elementary School
  • Southside Middle School
  • Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 18-11-16-453-011.000-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$108

Year Built

Built in 1885

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1885
  • Age: 135
  • Style: Two Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 6
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: R W AND S ADD BLK 1 LOT 5
  • Parcel Number ID: 18-11-16-453-011.000-003
  • Platted: Yes
  • Amenities: Dryer Hook Up Electric, Range/Oven Hook Up Gas, Main Floor Laundry, Washer Hook-Up
  • Investment Property: Yes
  • Sp Lp Percent: 100.25
  • Year Taxes Payable: 2020
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 1541
  • Total Finished Sq Ft: 1541
  • Above Grade Finished Sq Ft: 1541
  • Price Per Sq Ft: 25.96
  • Basement Foundation: Crawl
  • Living Great Room: Dimensions: 22x12, On Level: Main
  • Kitchen: Dimensions: 11x8, On Level: Main
  • Dining Room: Dimensions: 13x10, On Level: Main
  • Bedroom 1: Dimensions: 12x11, On Level: Upper
  • Bedroom 2: Dimensions: 11x9, On Level: Upper
  • Bedroom 3: Dimensions: 13x9, On Level: Upper
  • Number of Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 21x36
  • Garage Sq Ft: 756
  • Garage: Yes

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Laundry: Dimensions: Mainx12, On Level: 9

Schools

  • School District: Muncie Community Schools
  • Elementary School: Southview
  • Middle School: Southside
  • High School: Central
  • Elementary School: Southview

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 42x122
  • Estimated Lot Sq Ft: 5124
  • Estimated Lot Size Acres: 0.1176
  • Lot Number: 5

Tax Info

  • Annual Taxes: 108
  • Exemptions: Tax Exempt

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2024
Sold by
Cardinal Rentals Llc
Bought by
Wynn Funds Llc
Current Estimated Value
$86,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Outstanding Balance
$106,845
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
-$20,217

Purchase Details

Closed on
Nov 7, 2022
Sold by
Horner Houston and Horner Katie E
Bought by
Cardinal Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
7.08%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 26, 2022
Sold by
Potter Place Llc
Bought by
Horner Houston and Horner Katie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,950
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2020
Closed on
Aug 10, 2020
Sold by
Jamfi Holdings Llc
Bought by
Potter Place Llc
Seller's Agent
Heather Clemmons
Starr Real Estate LLC
Buyer's Agent
Dustin Ford
RE/MAX Real Estate Groups
List Price
$39,900
Sold Price
$40,000
Premium/Discount to List
$100
0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.09%

Purchase Details

Closed on
Oct 31, 2019
Sold by
Bridges Community Services Inc
Bought by
Jamfi Holdings Llc
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
Wynn Funds Llc -- None Listed On Document
Cardinal Rentals Llc -- --
Horner Houston $54,600 Smith James W
Potter Place Llc -- None Available
Jamfi Holdings Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wynn Funds Llc $108,000
Previous Owner Cardinal Rentals Llc $64,000
Previous Owner Horner Houston $40,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2020 08/12/20 Sold $40,000 +0.3% $26 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $39,900 -- $26 / 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 $952 $42,100 $3,800 $38,300
2023 $821 $35,600 $3,800 $31,800
2022 $829 $36,000 $3,800 $32,200
2021 $613 $25,200 $4,100 $21,100
2020 $535 $21,300 $3,600 $17,700
2019 $108 $21,000 $3,600 $17,400
2018 $108 $21,000 $3,600 $17,400
2017 $108 $19,100 $3,600 $15,500
2016 $108 $20,300 $4,000 $16,300
2014 $43 $22,000 $4,000 $18,000
2013 -- $20,900 $4,000 $16,900
Source: Public Records

Agents Affiliated with this Home

  • Heather Clemmons

    Seller's Agent in 2020

    Heather Clemmons

    Starr Real Estate LLC

    (765) 288-1711

    27 in this area

    487 Total Sales

    Heather Clemmons
    Section Image
  • Dustin Ford

    Buyer's Agent in 2020

    Dustin Ford

    RE/MAX

    (765) 428-6800

    1 in this area

    158 Total Sales

    Dustin Ford
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202027701

Indiana Regional MLS

APN: 18-11-16-453-011.000-003

Indiana Delaware County Muncie 47302 Thomas Park-Avondale

523 W 8th St Unit 525, Muncie, IN

This home is located at 523 W 8th St Unit 525, Muncie, IN 47302 since 16 July 2020 and is currently estimated at $86,628, approximately $56 per square foot. This property was built in 1885. 523 W 8th St Unit 525 is a home located in Delaware County with nearby schools including South View Elementary School, Muncie Central High School, and Southside 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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