NOT LISTED FOR SALE

624 W University Ave Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $111,000 - $145,217

4 Beds
2 Baths
1,466 Sq Ft
$90/Sq Ft Est. Value

Last Sold December 29, 2022

Last sale price $90,000 $61 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $965/month

161 Days on Market

Highlights

  • Covered patio or porch
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • 1 Car Detached Garage
  • Level Lot
  • 3-minute walk to Westside Park

About This Home

As of December 2022

Great investment opportunity to add to your portfolio or the chance to own your student's rental home while they attend school. The seller just had a new sewer main ran (front yard) and installed a pump station. 2 bedrooms are on the main floor with a front room, dining room, and a full bath. 2 bedrooms are being used downstairs with a full bath. There is entry to the basement via stairs leading from the kitchen as well as a second access door downstairs from the outside. This is the only additional egress downstairs. There is a laundry room downstairs and a full kitchen, including all appliances, upstairs. Ample parking exists out back with parking spaces and a detached garage. University St is a great central location.

Last Agent to Sell the Property

Ryan Kramer

RE/MAX Real Estate Groups Listed on: 07/20/2022

RE/MAX Real Estate Groups

Last Buyer's Agent

Diana Martin

NonMember MEIAR

NonMember MEIAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,882

Year Built

  • Built in 1925

Lot Details

  • 9,627 Sq Ft Lot
  • Lot Dimensions are 47x205
  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Outdoor Features

  • Covered patio or porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating, sewer, trash collection, water
  • Assessor Parcel Number 18-11-09-410-020.000-003

Community Details

Overview

  • $9 Other Monthly Fees

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,882

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1925
  • Age: 97
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: ALA PLACE SUB 5 Lot # 3
  • Parcel Number ID: 18-11-09-410-020.000-003
  • Platted: Yes
  • Amenities: Basement, Fireplace, Off Street Parking, Cable Ready, Porch Covered
  • Number Below Grade Bedrooms: 2
  • Sp Lp Percent: 94.74
  • Monthly Gross Income: 975
  • Year Taxes Payable: 1881.98
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1942
  • Total Finished Sq Ft: 1466
  • Above Grade Finished Sq Ft: 971
  • Below Grade Finished Sq Ft: 495
  • Below Grade Sq Ft: 476
  • Price Per Sq Ft: 92.69
  • Basement: Yes
  • Basement Foundation: Full Basement, Partially Finished, Outside Entrance
  • Basement Material: Block
  • Flooring: Mixed
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 971
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Brick
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Other Fee Description: Storm Water $108/YR
  • Other Fees Dollar: 108
  • 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: 47x205
  • Estimated Lot Sq Ft: 9627
  • Estimated Lot Size Acres: 0.221

Rental Info

  • Lease Term: 1 Year
  • Tenant Pays: Cooling, Electric, Fuel, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 975
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Number Of 4 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1881.82

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
Jul 20, 2022
Closed on
Dec 29, 2022
Sold by
Miller Ernest and Miller Sally
Bought by
Smith Boyd K
Seller's Agent
Ryan Kramer
RE/MAX Real Estate Groups
Buyer's Agent
Diana Martin
NonMember MEIAR
List Price
$115,000
Sold Price
$90,000
Premium/Discount to List
-$25,000
-21.74%
Total Days on Market
161
Current Estimated Value
$132,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,554
Avg. Annual Appreciation
17.27%
Original Mortgage
$72,000
Outstanding Balance
$70,151
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$62,403

Purchase Details

Closed on
Sep 28, 2013
Sold by
Hall Mark Jeffrey
Bought by
Miller Ernest and Miller Sally
Source: Public Records

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Range of Values:

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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
Smith Boyd K -- --
Miller Ernest -- Rickert Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Boyd K $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2022 12/29/22 Sold $90,000 -5.3% $61 / Sq Ft
12/28/2022 12/28/22 Pending -- -- --
11/30/2022 11/30/22 Price Changed $95,000 -10.0% $65 / Sq Ft
11/18/2022 11/18/22 Price Changed $105,500 -3.7% $72 / Sq Ft
11/02/2022 11/02/22 Price Changed $109,500 -4.8% $75 / Sq Ft
11/02/2022 11/02/22 For Sale $115,000 0.0% $78 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
09/22/2022 09/22/22 Price Changed $115,000 -6.4% $78 / Sq Ft
08/17/2022 08/17/22 Price Changed $122,900 -5.4% $84 / Sq Ft
07/20/2022 07/20/22 For Sale $129,900 -- $89 / 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 $2,648 $127,000 $20,300 $106,700
2023 $2,386 $113,900 $16,900 $97,000
2022 $2,198 $104,500 $16,900 $87,600
2021 $1,990 $94,100 $17,600 $76,500
2020 $1,702 $79,700 $16,000 $63,700
2019 $1,462 $73,100 $15,200 $57,900
2018 $1,678 $78,500 $16,900 $61,600
2017 $1,578 $73,500 $15,300 $58,200
2016 $1,508 $70,000 $14,600 $55,400
2014 $1,479 $71,800 $10,500 $61,300
2013 -- $71,200 $10,500 $60,700
Source: Public Records

Agents Affiliated with this Home

  • Ryan Kramer

    Seller's Agent in 2022

    Ryan Kramer

    RE/MAX

    (765) 717-2489

    17 in this area

    595 Total Sales

    Ryan Kramer
    Section Image

  • D

    Buyer's Agent in 2022

    Diana Martin

    NonMember MEIAR

    (765) 747-7197

    32 in this area

    3,913 Total Sales

    Diana Martin
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202229992

Indiana Regional MLS

APN: 18-11-09-410-020.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

624 W University Ave, Muncie, IN

This home is located at 624 W University Ave, Muncie, IN 47303 since 20 July 2022 and is currently estimated at $132,554, approximately $90 per square foot. This property was built in 1925. 624 W University 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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