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Muncie 47304
1508 N Woodridge Avenue
$189,900
House - For Sale

1508 N Woodridge Avenue

Muncie, IN 47304
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1152 Sqft
$1,102
Estimated Monthly
$0
HOA / Fees
7.30%
Cap Rate

About This Property

Perfect Investment Location! With BSU in literally your backyard! Just across the gate in your backyard, Ball State is 200 yards away from the new BSU North dining hall that has Starbucks and Chic-Fil-A. This is one of the closest homes to Worthen Arena, walking distance to any facility on campus, and convenient location for anywhere else in North Muncie. The home offers a newly poured concrete patio, sidewalk leading into Ball State Campus with gate, cozy firepit, and professional landscaping. Inside, there are 4 bedrooms, an eat-in kitchen and a large living room. The bathroom has been updated, all appliances are updated (and stay with the home) and the metal roof is 5 years old. This property will fully rented at $2000  per month starting Aug 1, 2024 until July 25, 2025. The tenants would like to extend their lease for a total of three years. Currently there are tenants renting for $1000 per month. This is an exceptional investment opportunity that will attract tenants for years to come.

The manager has listed the unit size as 1152 square feet.
Unit Size
1,152Ft²
Days on Market
19 days
Land Size
0.15 acres
Price per sqft
$165
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1952
Listed By
Steve Slavin
Steve Slavin
Coldwell Banker Real Estate Group
Last updated: 18 days ago (MEINAR #202411660)

Price History

Date / Event Date Event Price
Apr 9, 2024 Listed by Coldwell Banker Lunsford $189,900
Listed by Coldwell Banker Lunsford
Jul 2, 2018 Sold to Jay A Shellabarger, Joan S ... $90,000
Sold to Jay A Shellabarger, Joan S ...

Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Vinyl Siding

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1955
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,650
  • Lot Size Depth Feet: 13,300
  • Lot Size Frontage Feet: 5,000
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,152
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: MAPLE RDG ADD
  • Land Acres: 0.153
  • Legal Description 1: MAPLERIDGE AND 12 FT VAC ALLEY ADJ 0.0000ACRES STR: 082010 IN: 38 OUT:

Ownership

  • Current Owner : SHELLABARGER JAY A
  • Current Owner 2: SHELLABARGER JOAN S
  • Previous Owner : CAIN AARON J
  • Previous Owner 2: CAIN STEPHANIE C

Neighborhood

  • School District Name: Muncie Community Schools
  • Census Tract: 000904

Geography

  • Assessors Map Reference: 11-08-C-A-098
  • Account Number: 11 08 226 003 000
  • District: 0001
  • Parcel: 18-11-08-226-003.000-003
  • Municipality: CENTER TOWNSHIP
  • Latitude: 40.2067
  • Longitude: -85.4101

    Address

  • Full Address: 1508 N Woodridge Ave
  • Address - House Number: 1508
  • Street Direction: N
  • Address - Street Name: Woodridge
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Muncie
  • Carrier Code: C021
  • 4-Digit Zip Code: 3044
  • Zip Code: 47304

Valuation

    Tax

  • Total Area: 1,152
  • Tax Year: 2023
  • Tax Amount: $2,092
  • Tax Rate Code Area: 3:MUNCIE C

    Appraisal Valuation

  • Standard Deviation: 0.2015
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 59
  • Final Value: 58,664
  • High Value: 70,484
  • Low Value: 46,843

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $119,000
  • First Open Lien Mortgage Lender: COMMUNITY TRUST BANK INC
  • First Open Lien Mortgage Recording Date: Nov 07, 2022
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $119,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Sep 29, 2037

    Market Valuation

  • Market Total Value: $98,700
  • Market Land Value: $17,100
  • Market Improvement Value: $81,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $98,700
  • Assessed Land Value: $17,100
  • Assessed Improvements Value: $81,600

    Sales

  • Current Sale Contract Date: Mar 01, 2018
  • Current Sale Recording Date: Jul 02, 2018
  • Current Sale Transaction ID: 11481451642
  • Current Sale Price: $90,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2018R08150

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY TRUST BANK NA
  • First Mortgage Transaction Date: Jul 02, 2018
  • First Mortgage Loan Amount: $72,000
  • First Mortgage Terms: 56
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Apr 02, 2023

    Financing

  • First Mortgage Financing Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
1.5 Baths
1,936 ft²
$83/ft²
$159,900 Apr 8, 2024
-
-
House
5 Beds
2 Baths
1,584 ft²
$126/ft²
$200,000 Dec 11, 2023
-
-
House
4 Beds
2 Baths
2,064 ft²
$104/ft²
$214,900 Jan 25, 2024
-
$333/mo
Condo
2 Beds
2 Baths
1,146 ft²
$135/ft²
$155,000 Apr 1, 2024
-
$481/mo
Multifamily
4 Beds
4 Baths
2,432 ft²
$82/ft²
$199,900 Jan 5, 2024
-
-
Multifamily
5 Beds
2.5 Baths
2,422 ft²
$85/ft²
$205,000 Sep 12, 2023
-
-

About Muncie


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Nearby Rentals

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Frequently Asked Questions

When was property at 1508 North Woodridge Avenue built and last sold?
The property at 1508 North Woodridge Avenue was built in 1952 and last sold on Mar 1, 2018 for $90,000.
How much is this home worth?
The estimated value of the home located at 1508 North Woodridge Avenue is $187,328.
What are some comparable homes to 1508 North Woodridge Avenue?
Homes that are comparable to 1508 North Woodridge Avenue include a house property at 1212 West Weber Drive, 1116 West University Avenue, 1901 North Tillotson Avenue.

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