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507 W Riverside Ave, Muncie, IN, 47303

$167,000

Home List Price

$1,983*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
$83/SqFt
House

Location

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507 W Riverside Ave, Muncie$167,000

Buyer Closing Credits

$1,983*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel
Year Built1906
HeatingNatural Gas, Forced Air
CoolingCentral Air, Window Unit(s)
FireplaceNone
MLS #202442621
Lot Size0.15 Acres
StatusActive

About 507 W Riverside Ave

This updated, 2,016-square-foot, two-story home near Ball State University is an exceptional investment opportunity, featuring five bedrooms and two and a half bathrooms. Recent improvements include a brand-new roof (2023), a furnace (2021), and updated exterior (2024), providing low-maintenance appeal and peace of mind for years to come. Its spacious layout and prime location make it perfect for student housing or family rental, ensuring high demand and strong rental income potential. With recent updates, ample living space, and proximity to campus and local amenities, this property is a standout choice for investors seeking solid returns.

Property Details

Property Features

Property Information:

  • Year Built: 1906

Listing Office:

  • Office Name: NextHome Elite Real Estate
  • Office Phone: (765) 499-8091
  • Listing Agent: Tom Oliver

Interior Features

Interior Information:

  • Flooring Type: Hardwood Floors, Carpet, Laminate
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Vinyl

Parking Information:

  • Parking: Gravel

Virtual/3D Tour

  • Virtual Tour: 507 W Riverside Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot: Sloped
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air, Window Unit(s)

Other

Directions Information:

  • Directions: From Wheeling and Riverside, travel west to 507 W. Riverside. Home sits on south side of road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $167,000
  • Price Per SqFt: $83/SqFt
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Housing Market Comparison

See how this home compares to others in Muncie, IN.

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Muncie, IN

City

Med. Sold Price

$145K

Med. Price/SqFt

$98

Avg. Days On Market

23

# of Sold Homes

100

507 W Riverside Ave vs Muncie

46 DAYS ON ROCKET

+23 Days

$167,000

+$22K More

$83/SqFt

-$16 Less

KEY TAKEAWAY

This property is $22K more than the Median Sold Price and $16/SqFt less than other homes in Muncie, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #202442621

Listing Office:

  • Office Name: NextHome Elite Real Estate
  • Office Phone: (765) 499-8091
  • Listing Agent: Tom Oliver

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$901

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$567

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4409020
6
/10

  • East Washington Academy

  • 1000 E Washington St

  • 0.97 miles

  • Public District Grades PK-5

school-card-donut-4409021
4
/10

  • Longfellow Elementary School

  • 1900 E Centennial Ave

  • 1.57 miles

  • Public District Grades PK-5

school-card-donut-4409022
3
/10

  • South View Elementary School

  • 2100 S Franklin St

  • 1.63 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,714. Residents of Muncie, IN typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Muncie, IN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Muncie, IN.

Muncie's housing market offers a diverse array of options, with single-family homes being a significant presence. Architectural styles vary, with a mix of historic homes that reflect the city's rich past and more contemporary designs for modern living. The market is balanced, with a healthy mix of ownership and rental opportunities, catering to a range of preferences and budgets.

What is it like to live in Muncie, IN?

Muncie is celebrated for its vibrant community spirit and cultural offerings. The city prides itself on its local events, including festivals and fairs that highlight the area's history and arts scene. The community's character is further defined by its commitment to preserving green spaces and promoting a family-friendly atmosphere.

Is it easy to get around Muncie, IN without a car?

The community is served by a robust educational system, including multiple public schools at the elementary, middle, and high school levels, as well as private educational institutions. Healthcare services are comprehensive, with facilities offering a range of specialized care. The public library system is active, providing resources and programming for residents of all ages. Retail and dining options are plentiful, reflecting Muncie's local culture and culinary diversity.

Transportation in Muncie, IN.

Transportation in Muncie includes a network of roads and highways that connect residents to nearby cities and amenities. Public transit options are available, providing access to key areas within the city. The community is also mindful of walkability, with certain areas being more pedestrian-friendly. While specific ride-sharing services are operational, their availability may vary throughout the city.

Frequently Asked Questions About 507 W Riverside Ave

What is the listing price of this property?

The listing price of 507 W Riverside Ave property is $167,000.

What type of property is this?

The property 507 W Riverside Ave is a house located in Muncie, Indiana, 47303.

Is this property for sale now?

Active Listing: 507 W Riverside Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 507 W Riverside Ave has 5 bedrooms and 2 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 507 W Riverside Ave is 1906.

Rocket Homes›Indiana›Delaware County›Muncie›47303›507 W Riverside Ave

This home is located at 507 W Riverside Ave in Muncie, IN and zip code 47303. This home was built in 1906. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 02, 2024 and is currently priced at $167,000.

In November 2024 more than 14 listings in Muncie, IN were sold above the asking price. During the same period more than 28 listings were sold at asking price, while more than 56 were sold below. The inventory of homes for sale in Muncie, IN between October 2024 and November 2024 increased by 6.7%. The median list price of listings available in November 2024 was $145,000, while the average time on the real estate market was 23 days.

From Rocket Homes Real Estate and based on county public records data.

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