NOT LISTED FOR SALE

605 N Wheeling Ave Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $171,000 - $190,000

5 Beds
2.5 Baths
2,420 Sq Ft
$75/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $160,000 $66 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,252/month

29 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 3-minute walk to Westside Park
  • Forced Air Heating and Cooling System

About This Home

As of October 2023

Have you been looking to get into the college rental business or are you looking to add to your portfolio? This is one to check out! This property is currently rented as a 5 Bedroom 2.5 Bath home but could easily be switched back to a duplex. There is already a second exterior entrance and the downstairs and upstairs can be closed off from each other just by closing one doorway. The property is rented through 7/2024 for $1375 but the owner believes there is more income potential if it is rented as a duplex. There is plenty of off street parking and this is a great location looking out over the river. Tenants pay their own utilities. 24 hour notice for all showings.

Last Agent to Sell the Property

Rebekah Hanna

NextHome Elite Real Estate Brokerage Phone: 765-760-4556 Listed on: 08/17/2023

NextHome Elite Real Estate

Last Buyer's Agent

Navin Agarwal

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,846

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 52x125
  • Level Lot

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Crawl Space

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 5 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

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

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, water
  • The owner pays for lawn maintenance
  • Assessor Parcel Number 181109407016000003

Community Details

Overview

  • Alameda Place Subdivision

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,846

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1900
  • Age: 123
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: ALAMEDA PL SUB 1 S 2 FT OF 8 LOTS 8-9 BLOCK 1
  • Parcel Number ID: 181109407016000003
  • Platted: Yes
  • Amenities: Off Street Parking
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 95.24
  • Monthly Gross Income: 1375
  • Year Taxes Payable: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3595
  • Total Finished Sq Ft: 2420
  • Above Grade Finished Sq Ft: 2420
  • Below Grade Sq Ft: 1175
  • Price Per Sq Ft: 66.12
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Unfinished
  • Flooring: Carpet, Laminate, Wood
  • Total Below Grade Sq Ft: 1175
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 5
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 52x125
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance
  • Tenant Pays: Electric, Heating, Sewer, Water

Tax Info

  • Total Assessed Value: 149900
  • Annual Property Tax: 2846

Multi Family

  • Gross Monthly Rent: 1375
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of 4 Bedrooms: 1
  • Num Of Units Rented: 1

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
Aug 17, 2023
Closed on
Oct 23, 2023
Sold by
Meredith Property Group Llc
Bought by
Ncp Investments Group Llc
Seller's Agent
Rebekah Hanna
NextHome Elite Real Estate
Buyer's Agent
Navin Agarwal
RE/MAX Real Estate Groups
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%
Views
54
Current Estimated Value
$182,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,244
Avg. Annual Appreciation
6.83%
Original Mortgage
$101,805
Outstanding Balance
$78,357
Interest Rate
6.51%
Mortgage Type
Credit Line Revolving
Estimated Equity
$103,887

Purchase Details

Closed on
Apr 30, 2021
Sold by
Mason Trust
Bought by
Meredith Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2017
Sold by
Stewart Stephen D
Bought by
Mason Trust

Purchase Details

Closed on
Feb 15, 2008
Sold by
Huff Richard Gene and Huff Joyce Ann
Bought by
Stewart Stephen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.11%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Ncp Investments Group Llc -- None Listed On Document
Meredith Property Group Llc $115,000 None Available
Mason Trust -- --
Stewart Stephen D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ncp Investments Group Llc $101,805
Previous Owner Meredith Property Group Llc $130,000
Previous Owner Stewart Stephen D $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2023 10/23/23 Sold $160,000 -4.8% $66 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
08/30/2023 08/30/23 Price Changed $168,000 -4.0% $69 / Sq Ft
08/17/2023 08/17/23 For Sale $175,000 -- $72 / 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 $3,436 $166,400 $18,700 $147,700
2023 $3,106 $149,900 $15,600 $134,300
2022 $2,846 $136,900 $15,600 $121,300
2021 $2,544 $121,800 $16,300 $105,500
2020 $2,162 $102,700 $14,800 $87,900
2019 $1,978 $93,500 $14,100 $79,400
2018 $2,110 $100,100 $15,600 $84,500
2017 $1,922 $90,700 $14,200 $76,500
2016 $1,836 $86,400 $13,500 $72,900
2014 $1,695 $82,600 $12,500 $70,100
2013 -- $78,600 $12,100 $66,500
Source: Public Records

Agents Affiliated with this Home

  • Rebekah Hanna

    Seller's Agent in 2023

    Rebekah Hanna

    NextHome Elite Real Estate

    (765) 760-4556

    9 in this area

    400 Total Sales

    Rebekah Hanna
    Section Image

  • N

    Buyer's Agent in 2023

    Navin Agarwal

    RE/MAX

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202329514

Indiana Regional MLS

APN: 18-11-09-407-016.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

605 N Wheeling Ave, Muncie, IN

This home is located at 605 N Wheeling Ave, Muncie, IN 47303 since 17 August 2023 and is currently estimated at $182,244, approximately $75 per square foot. This property was built in 1900. 605 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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