$80,000
SOLD MAR 20, 2025

5701 E Mcgalliard Rd Muncie, IN 47303

4 Beds
2.5 Baths
1,800 Sq Ft
1.82 Acres

Recently Sold

$44 Per Sq Ft

11% Below List Price

5 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Backs to Open Ground
  • Selma Elementary School Rated A-
  • Lake, Pond or Stream
  • Great Room

About This Home

As of March 2025

Excellent opportunity for a flip or a potential forever home with renovation. Two miles east of the McGalliard bypass and almost a quarter mile from any neighbors, it feels like you are way out in the country but you are only a seven minute drive from Muncie Mall. The house needs a lot of love but has great potential. It's listed as cash only because in its current state it won't qualify for regular financing. A 203k loan however might be a great option.

Last Agent to Sell the Property

Ashlee Newton

Viking Realty Brokerage Phone: 765-749-0690 Listed on: 02/28/2025

Viking Realty

Last Buyer's Agent

Rich Lee

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 1.82 Acre Lot
  • Lot Dimensions are 160x350
  • Waterfront
  • Backs to Open Ground
  • Rural Setting
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Great Room
  • Utility Room in Garage
  • Tile Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Lake, Pond or Stream
  • Covered Patio or Porch

Schools

  • Selma Elementary And Middle School
  • Wapahani High School

Utilities

  • Central Air
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 18-12-06-100-004.000-010

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1900
  • Style: Two Story
  • Architectural Style: Foursquare
  • Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: PT FRAC NE & NW QTR & (SEE EX LEGAL)PT E HLF E HLF NW QTR S06 T20 R11 1.820
  • Parcel Number ID: 18-12-06-100-004.000-010
  • Platted: Yes
  • Amenities: Closet(s) Walk-in, Deck Open, Dryer Hook Up Electric, Dryer Hook Up Gas, Garage Door Opener, Open Floor Plan, Porch Covered, Great Room, Main Floor Laundry, Washer Hook-Up, Garage Utilities
  • Location: Rural
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 1800
  • Total Finished Sq Ft: 1800
  • Above Grade Finished Sq Ft: 1800
  • Basement Foundation: Crawl
  • Flooring: Tile
  • Living Great Room: Dimensions: 28x12, On Level: Main
  • Kitchen: Dimensions: 14x12, On Level: Main
  • Extra Room: Playroom, Dimensions: 10x12, On Level: Upper
  • Bedroom 1: Dimensions: 15x12, On Level: Main
  • Bedroom 2: Dimensions: 12x10, On Level: Upper
  • Bedroom 3: Dimensions: 15x12, On Level: Upper
  • Bedroom 4: Dimensions: 15x12, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: Barn, Dimensions: 53x30
  • Outbuilding2: Outbuilding, Dimensions: 12x10, 120

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x30
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Laundry: Dimensions: Mainx12, On Level: 9
  • Water Type: Pond
  • Well Type: Private

Schools

  • Elementary School: Selma

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 160x350
  • Estimated Lot Sq Ft: 79279
  • Estimated Lot Size Acres: 1.82

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Tax Info

  • Annual Taxes: 2312

MLS Schools

  • High School: Wapahani
  • Middle School: Selma
  • School District: Liberty-Perry Community S.D.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2025
Closed on
Mar 20, 2025
Sold by
Hunter Doug and Hunter Erin
Bought by
Castaneda Jorge Ramirez and Burge Heather
Seller's Agent
Ashlee Newton
Viking Realty
Buyer's Agent
Rich Lee
RE/MAX Real Estate Groups
List Price
$90,000
Sold Price
$80,000
Premium/Discount to List
-$10,000
-11.11%
Views
70
Current Estimated Value
$161,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,844
Avg. Annual Appreciation
126.89%

Purchase Details

Closed on
Jan 12, 2018
Sold by
Dobbs Eric
Bought by
Tyler Isadore

Purchase Details

Closed on
Mar 10, 2012
Sold by
Dobbs Eric and Dobbs Jessica
Bought by
Dobbs Eric

Purchase Details

Closed on
Feb 12, 2012
Sold by
Dobbs Eric W
Bought by
Dobbs Eric W

Purchase Details

Closed on
Feb 16, 2011
Sold by
Fannie Mae
Bought by
Dobbs Eric W and Dobbs Jessica A

Purchase Details

Closed on
Aug 18, 2010
Sold by
Winningham Timothy L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 3, 2006
Sold by
Winningham William Anthony and Winningham Krista Marie
Bought by
Winningham Timothy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.82%
Mortgage Type
New Conventional
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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Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Deed -- --
Interfamily Deed Transfer -- None Available
Deed $40,100 --
Special Warranty Deed -- Statewide Title Company Inc
Sheriffs Deed $162,750 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $124,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2025 03/20/25 Sold $80,000 -11.1% $44 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
02/28/2025 02/28/25 For Sale $90,000 -- $50 / 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 $2,533 $158,800 $22,900 $135,900
2023 $3,817 $144,800 $22,900 $121,900
2022 $2,298 $138,400 $22,900 $115,500
2021 $971 $52,600 $19,100 $33,500
2020 $973 $48,600 $19,100 $29,500
2019 $891 $46,300 $18,200 $28,100
2018 $837 $45,100 $17,300 $27,800
2017 $1,790 $97,700 $17,300 $80,400
2016 $1,640 $92,000 $17,300 $74,700
2014 $1,715 $92,500 $17,600 $74,900
2013 -- $100,200 $19,600 $80,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202506372

Indiana Regional MLS

APN: 18-12-06-100-004.000-010