Yes, it does, Bonnie. But that is a moot point. The property is for sale right now, listed at $26,000. Maybe worth $60k after you fix it up - depending of course upon how nice you fix it. Right now there is a 1200sf home near by with newer roof, carpet, kit cabinets, furnace, a/c and front door on the market for $50k.
It hasn't sold since 8/12/08. I sold one for $60k in that area last summer that was 900sf and had a whole new kitchen and bath and all the appliances. A young professional woman bought it. She was tired of the
commute from Muncie. She bought in the Ritter/26th St area nearby.