NOT LISTED FOR SALE

705 W Riverside Ave Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $169,000 - $222,000

5 Beds
2 Baths
2,448 Sq Ft
$81/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $218,000 $89 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,377/month

8 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 5-minute walk to Emerson Memorial Greenspace Park
  • Laundry in Utility Room
  • Level Lot

About This Home

As of June 2024

This home is located at 705 W Riverside Ave, Muncie, IN 47303 since 17 April 2024 and is currently estimated at $199,418, approximately $81 per square foot. This property was built in 1915. 705 W Riverside Ave is a home located in Delaware County with nearby schools including Muncie Central High School, West View Elementary School, and Northside Middle School.

Last Agent to Sell the Property

Ryan Kramer

RE/MAX Real Estate Groups Brokerage Phone: 765-717-2489 Listed on: 04/17/2024

RE/MAX Real Estate Groups

Last Buyer's Agent

Jon Kindred

F.C. Tucker/Crossroads Real Estate

F.C. Tucker/Crossroads Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,980

Year Built

  • Built in 1915

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Level Lot

Parking

  • 5 Parking Spaces

Home Design

  • Poured Concrete

Interior Spaces

  • 1.5-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Utility Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

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 cable, electric, heating, sewer, water
  • The owner pays for tax
  • Assessor Parcel Number 18-11-09-403-002.000-003

Community Details

Pet Policy

  • Pet Restriction

Additional Features

  • Alameda Place Subdivision
  • Insurance Expense $1,069

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,980

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1915
  • Age: 109
  • Style: One and Half Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: ALAMEDA PLACE SUB 2 BLK 3 LOT 5
  • Parcel Number ID: 18-11-09-403-002.000-003
  • Platted: Yes
  • Inside City Limits: Yes
  • Parcel Id2: 18-11-09-403-002.000-003
  • Sp Lp Percent: 96.93
  • Monthly Gross Income: 2325
  • Year Taxes Payable: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 4896
  • Total Finished Sq Ft: 2448
  • Above Grade Finished Sq Ft: 2448
  • Below Grade Sq Ft: 2448
  • Price Per Sq Ft: 89.05
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Wood, Vinyl
  • Main Level Sq Ft: 1224
  • Total Below Grade Sq Ft: 2448
  • Number Of Disposals: 1
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Aluminum
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1069
  • Number Of W D Hookups: 2

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: 50 x 125
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax
  • Tenant Pays: Cable, Electric, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 2325
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 1
  • Number Of Washers: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2980

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
Apr 17, 2024
Closed on
Jun 17, 2024
Sold by
Monkey Properties Llc
Bought by
Recruiting Routes Llc
Seller's Agent
Ryan Kramer
RE/MAX Real Estate Groups
Buyer's Agent
Jon Kindred
F.C. Tucker/Crossroads Real Estate
List Price
$224,900
Sold Price
$218,000
Premium/Discount to List
-$6,900
-3.07%
Views
36
Current Estimated Value
$199,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,582
Avg. Annual Appreciation
-3.30%
Original Mortgage
$174,400
Outstanding Balance
$173,080
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$36,867

Purchase Details

Closed on
May 23, 2016
Sold by
Deutsche Bank National Trust Co
Bought by
Monkey Properties Llc

Purchase Details

Closed on
Apr 13, 2016
Sold by
Delaware County Sheriff
Bought by
Deutsche Bank Trust Co America
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
Recruiting Routes Llc $218,000 None Listed On Document
Monkey Properties Llc $51,504 --
Deutsche Bank Trust Co America $63,710 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Recruiting Routes Llc $174,400
Previous Owner Monkey Properties Llc $699,764
Previous Owner Monkey Properties Llc $108,000
Previous Owner Jones Kurt Alan $2,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $218,000 -3.1% $89 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
04/17/2024 04/17/24 For Sale $224,900 +336.7% $92 / Sq Ft
07/27/2016 07/27/16 Sold $51,504 +21.5% $17 / Sq Ft
05/11/2016 05/11/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $42,400 -- $14 / 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 $3,296 $159,400 $18,000 $141,400
2023 $2,980 $143,600 $15,000 $128,600
2022 $2,730 $131,100 $15,000 $116,100
2021 $2,448 $117,000 $15,600 $101,400
2020 $2,140 $101,600 $14,200 $87,400
2019 $1,968 $93,000 $13,500 $79,500
2018 $2,100 $99,600 $15,000 $84,600
2017 $1,652 $77,200 $13,600 $63,600
2016 $1,702 $79,700 $13,000 $66,700
2014 $1,801 $87,900 $12,000 $75,900
2013 -- $83,600 $11,600 $72,000
Source: Public Records

Agents Affiliated with this Home

  • Ryan Kramer

    Seller's Agent in 2024

    Ryan Kramer

    RE/MAX

    (765) 717-2489

    17 in this area

    586 Total Sales

    Section Image
  • Jon Kindred

    Buyer's Agent in 2024

    Jon Kindred

    F.C. Tucker/Crossroads Real Estate

    (765) 465-9409

    1 in this area

    368 Total Sales

    Section Image
  • Brad Taflinger

    Seller's Agent in 2016

    Brad Taflinger

    Taflinger Real Estate Group

    (765) 748-2104

    4 in this area

    383 Total Sales

    Section Image

  • N

    Buyer's Agent in 2016

    Non-BLC Member

    MIBOR REALTOR® Association

    Section Image

  • I

    Buyer's Agent in 2016

    IUO Non-BLC Member

    Non-BLC Office

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202413014

Indiana Regional MLS

APN: 18-11-09-403-002.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

705 W Riverside Ave, Muncie, IN

This home is located at 705 W Riverside Ave, Muncie, IN 47303 since 17 April 2024 and is currently estimated at $199,418, approximately $81 per square foot. This property was built in 1915. 705 W Riverside 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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