NOT LISTED FOR SALE

816 W University Ave Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $140,000 - $172,000

4 Beds
2 Baths
2,250 Sq Ft
$67/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $70,000 $31 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $1,056/month

137 Days on Market

Highlights

  • Traditional Architecture
  • 1 Car Detached Garage
  • 3-minute walk to Emerson Memorial Greenspace Park
  • Formal Dining Room
  • Forced Air Heating and Cooling System

About This Home

As of August 2019

INVESTMENT OPPORTUNITY! This home is currently a student rental located near campus on University just down the street from the BSU village. It currently houses 4 students and pays $1,100+ a month and is currently under lease. The property is 4 bedrooms, 2.5 baths and has two living areas, a garage and small back yard. The property is for sale in "AS-IS" condition and the owner will review all offers. Don't miss your chance to own your own investment property in the popular student rental market.

Last Agent to Sell the Property

Robert Riley

Robb Riley License #RB14046379 Listed on: 03/22/2019

Last Buyer's Agent

Non-BLC Member

MIBOR REALTOR® Association

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $802

Year Built

  • Built in 1895

Lot Details

  • 5,502 Sq Ft Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Traditional Architecture
  • Brick Foundation
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Formal Dining Room
  • Attic Access Panel
  • Electric Oven
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 181109409012000003

Home Details

Home Type

Single Family

Est. Annual Taxes

$802

Year Built

Built in 1895

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1895
  • Garage Y N: Yes
  • Lot Size Acres: 0.1263
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: INVESTMENT OPPORTUNITY! This home is currently a student rental located near campus on University just down the street from the BSU village. It currently houses 4 students and pays $1,100+ a month and is currently under lease. The property is 4 bedrooms, 2.5 baths and has two living areas, a garage and small back yard. The property is for sale in "AS-IS" condition and the owner will review all offers. Don't miss your chance to own your own investment property in the popular student rental market.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Electric Oven, Refrigerator
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Interior Amenities: Attic Access
  • Living Area: 2250
  • Other Equipment: Not Applicable
  • Room Count: 9
  • Areas Interior: Laundry Room Main Level
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 2250
  • Main Level Sq Ft: 1201
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 2250
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 1049

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • Exterior Features: Not Applicable
  • Foundation Details: Brick
  • List Price: 95000
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Garage Spaces: 1
  • Fuel: Gas
  • Garage Parking Description: Detached
  • Garage Parking Other: Integral Garage

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Cable Available
  • Water Heater: Electric

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 181109409012000003
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks
  • Lot Number: na
  • Lot Size: 5227

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 802
  • Semi Annual Property Tax Amt: 401
  • Tax Exemption: HomesteadTaxExemption

MLS Schools

  • School District: Muncie Community
  • Schools: North View Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2019
Closed on
Aug 30, 2019
Sold by
Lund James A
Bought by
James Mitchell Llc
Seller's Agent
Robert Riley
Robb Riley
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$95,000
Sold Price
$70,000
Premium/Discount to List
-$25,000
-26.32%
Total Days on Market
137
Current Estimated Value
$151,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,655
Avg. Annual Appreciation
14.34%

Purchase Details

Closed on
Aug 25, 2006
Sold by
Hunter Terry D
Bought by
Lund James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,205
Interest Rate
6.88%
Mortgage Type
New Conventional
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
James Mitchell Llc -- In Title
Lund James A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lund James A $70,205
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $70,000 -26.3% $31 / Sq Ft
03/22/2019 03/22/19 For Sale $95,000 -- $42 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $2,460 $117,600 $15,800 $101,800
2023 $2,132 $101,200 $13,200 $88,000
2022 $1,964 $92,800 $13,200 $79,600
2021 $1,776 $83,400 $13,800 $69,600
2020 $1,520 $70,600 $12,500 $58,100
2019 $756 $64,800 $11,900 $52,900
2018 $803 $69,500 $13,200 $56,300
2017 $740 $63,200 $12,000 $51,200
2016 $690 $60,200 $11,400 $48,800
2014 $652 $62,300 $10,600 $51,700
2013 -- $59,300 $10,200 $49,100
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Robert Riley

    Robb Riley

    (765) 730-8714

    25 Total Sales

    Robert Riley
    Section Image

  • N

    Buyer's Agent in 2019

    Non-BLC Member

    MIBOR REALTOR® Association

    (317) 956-1912

    Non-BLC Member
    Section Image

  • I

    Buyer's Agent in 2019

    IUO Non-BLC Member

    Non-BLC Office

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21628591

MIBOR Broker Listing Cooperative®

APN: 18-11-09-409-012.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

816 W University Ave, Muncie, IN

This home is located at 816 W University Ave, Muncie, IN 47303 since 22 March 2019 and is currently estimated at $151,655, approximately $67 per square foot. This property was built in 1895. 816 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.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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