609 N Alameda Dr Muncie, IN 47303
Riverside-Normal City Neighborhood
4
Beds
2
Baths
2,262
Sq Ft
6,250
Sq Ft Lot
Highlights
- Wood Flooring
- Formal Dining Room
- Utility Sink
- Great Room
- 1 Car Detached Garage
- 5-minute walk to Westside Park
About This Home
As of October 2024Unlock the potential of this well-maintained 1800 square foot, four-bedroom, two-bathroom, one and a half story investment property located just a stone's throw from Ball State University. With a spacious layout including a full basement, this home is currently leased until July 31, 2025, yielding a reliable rental income of $1,525 per month. The leasee covers all utilities—electric, gas, water, sewage, and trash—providing hassle-free management. Enjoy the convenience of being close to a vibrant array of entertainment options, shopping, restaurants, and schools, making this property a valuable addition to any real estate portfolio.
Last Agent to Sell the Property
Tom Oliver
NextHome Elite Real Estate Brokerage Phone: 765-499-8091 Listed on: 08/07/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,388
Year Built
- Built in 1925
Lot Details
- 6,250 Sq Ft Lot
- Lot Dimensions are 50 x 125
- Level Lot
- Property is zoned R-4 Residence Zone
Parking
- 1 Car Detached Garage
- Driveway
- Off-Street Parking
Home Design
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 1.5-Story Property
- Great Room
- Living Room with Fireplace
- Formal Dining Room
- Washer and Electric Dryer Hookup
Kitchen
- Electric Oven or Range
- Utility Sink
Flooring
- Wood
- Carpet
- Laminate
- Concrete
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathtub with Shower
- Separate Shower
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Schools
- Westview Elementary School
- Northside Middle School
- Central High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- Enclosed patio or porch
- Suburban Location
Listing and Financial Details
- Assessor Parcel Number 18-11-09-406-020.000-003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2024
Closed on
Oct 18, 2024
Sold by
Alc Capital 3 Llc
Bought by
Halley Investments Llc
Seller's Agent
Tom Oliver
NextHome Elite Real Estate
Buyer's Agent
Rebekah Hanna
RE/MAX Real Estate Groups
List Price
$173,000
Sold Price
$138,500
Premium/Discount to List
-$34,500
-19.94%
Views
70
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$586
Avg. Annual Appreciation
1.49%
Purchase Details
Closed on
Dec 18, 2019
Sold by
Alc Capital 2 Llc
Bought by
Alc Capital 3 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,880,000
Interest Rate
3.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 10, 2016
Sold by
Dane & Derek Llc
Bought by
Alc Capital 2 Llc
Purchase Details
Closed on
Mar 2, 2008
Sold by
Juday Phillip A and Juday Rebecca L
Bought by
Pb & J Holdings Llc
Similar Homes in Muncie, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $138,500 | None Listed On Document | |
| Warranty Deed | -- | In Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $8,880,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/18/2024 10/18/24 | Sold | $138,500 | -14.5% | $61 / Sq Ft |
| 09/12/2024 09/12/24 | Pending | -- | -- | -- |
| 09/04/2024 09/04/24 | Price Changed | $162,000 | -6.4% | $72 / Sq Ft |
| 08/07/2024 08/07/24 | For Sale | $173,000 | -- | $76 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $2,442 | $116,700 | $18,000 | $98,700 |
| 2023 | $2,388 | $114,000 | $15,000 | $99,000 |
| 2022 | $2,196 | $104,400 | $15,000 | $89,400 |
| 2021 | $1,986 | $93,900 | $15,600 | $78,300 |
| 2020 | $1,696 | $79,400 | $14,200 | $65,200 |
| 2019 | $1,588 | $72,800 | $13,500 | $59,300 |
| 2018 | $1,693 | $78,000 | $15,000 | $63,000 |
| 2017 | $1,543 | $70,600 | $13,600 | $57,000 |
| 2016 | $1,476 | $67,300 | $13,000 | $54,300 |
| 2014 | $1,519 | $73,800 | $12,000 | $61,800 |
| 2013 | -- | $70,200 | $11,600 | $58,600 |
Source: Public Records
Agents Affiliated with this Home
-
T
Seller's Agent in 2024
Tom Oliver
NextHome Elite Real Estate
-
R
Buyer's Agent in 2024
Rebekah Hanna
RE/MAX
Map
Source: Indiana Regional MLS
MLS Number: 202429810
APN: 18-11-09-406-020.000-003
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