Closed

$175,000

1500 N Woodridge Ave, Muncie, IN 47304

5beds

1,746sqft

Single Family Residence

Built in 1949

8,276 Square Feet Lot

$192,600 Zestimate^®

$--/sqft

$1,901 Estimated rent

Home value

$192,600

$177,000 - $208,000

$1,901/mo

Zestimate^® history

Owner options

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$1,901/mo

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$1,901/mo

Rent Zestimate^®

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$1,126/mo

Est. payment

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$1,126/mo

Est. payment

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What's special

This exceptional 5-bedroom, 2-bathroom home sits on the western edge of Ball State University's campus, offering an unparalleled opportunity for investors. The prime location attracts renters who want to be near classes and amenities. the current rent for the 23-24 school year is $1750/month. The leases for the 24-25 is a $1700/ month with the option to add a 5th roommate at $1875 What makes this property even more attractive is its inclusion in a comprehensive package with two other 5-bedroom homes, totaling an impressive 15 bedrooms in all. These homes are already leased through July 2024 and some are leased through July 2025, with a steady rental income stream. Don't miss your chance to own a piece of this thriving campus community, where location meets financial potential in the most exceptional way. Properties included in the package: 1500 N. Woodridge 1320 N Woodridge 2115 W. Euclid

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 5

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Kitchen

Level: Main
Area: 196
Dimensions: 14 x 14

Living room

Level: Main
Area: 238
Dimensions: 17 x 14

Office

Level: Main
Area: 100
Dimensions: 10 x 10

Heating

Natural Gas, Forced Air

Cooling

Central Air

Appliances

Laundry: Electric Dryer Hookup, Main Level, Washer Hookup

Features

Laminate Counters
Flooring: Carpet, Tile
Basement: Full,Unfinished,Block,Concrete
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,475
Total interior livable area: 1,746 sqft
Finished area above ground: 1,746
Finished area below ground: 0

Property

Parking

Parking features: Gravel
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Waterfront features: None

Lot

Size: 8,276 Square Feet
Dimensions: 60x140
Features: 0-2.9999, City/Town/Suburb

Details

Parcel number: 181108226005.000003
Zoning: R-1

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Vinyl Siding
Roof: Dimensional Shingles

Condition

New construction: No
Year built: 1949

Utilities & green energy

Sewer: City
Water: City

Community & HOA

Community

Features: None
Subdivision: None

Location

Region: Muncie

Financial & listing details

Tax assessed value: $188,200
Annual tax amount: $3,046
Date on market: 4/11/2024
Listing terms: Cash,Conventional

Price history

Date	Event	Price
4/9/2024	Sold	$175,000-5.1%
Source: IRMLS #202340541 Report a problem
2/19/2024	Pending sale	$184,500
Source: IRMLS #202340541 Report a problem
2/2/2024	Price change	$184,500-2.6%
Source: IRMLS #202340541 Report a problem
1/12/2024	Price change	$189,500-2.6%
Source: IRMLS #202340541 Report a problem
11/3/2023	Listed for sale	$194,500
Source: IRMLS #202340541 Report a problem
11/3/2023	Listing removed	$194,500-76.6%
Source: IRMLS #202340181 Report a problem
11/1/2023	Listed for sale	$830,000+1466%
Source: IRMLS #202340181 Report a problem
6/14/2010	Sold	$53,000$30/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,314 +1.3%	$188,200 +13.6%
2024	$3,270 +11.7%	$165,700 +1.3%
2023	$2,928 +19.4%	$163,500 +11.7%
2022	$2,452 +11.8%	$146,400 +19.4%
2021	$2,194 +6.9%	$122,600 +11.8%
2020	$2,052 -6.2%	$109,700 +6.9%
2019	$2,188 +5.7%	$102,600 -6.2%
2018	$2,070 -0.5%	$109,400 +11.5%
2017	$2,080 +91.3%	$98,100
2016	$1,087 -46.3%	$98,100 +2.7%
2014	$2,026 +3.4%	$95,500 -1.4%
2013	$1,960 +2.9%	$96,900 +1.8%
2012	$1,904 +16.7%	$95,200 +16.7%
2011	$1,632 +23.1%	$81,600 +23.1%
2010	$1,326 -15.6%	$66,300 -15.6%
2009	$1,572	$78,600