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$225,000

6371 E 550 S Elwood, IN  46036

  • 4 Beds
  • 1 Baths
  • 1,610 sq. Ft

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Property Description for 6371 E 550 S Elwood, IN 46036

BACK ON THE MARKET AT NO FAULT OF THE SELLERS! Buyer financing fell through last minute! WOW! 5.89 acres in the outskirts of Tipton County! Property features many opportunities! Whether you are looking to completely renovate an existing home or build a new one of your own! Property features a 30x40 pole barn with concrete floors, LED lighting, and it's own 200 amp electric service. You will find camper hook ups on the pole barn as well. Chicken coop, shed, apple trees, pear tree, pecan trees, and acreage of serene and peaceful property waiting for you. No pesticides used in the last 20 years on the property. Buyers responsibility to verify with the county for their residential building purposes. Property is being SOLD AS-IS. Well and septic on the property, but seller is unaware of condition of septic. Seller believes well to be in working order. Home is not currently habitable.

Address:6371 E 550 S Elwood IN 46036
Status:Active
on site: 17 days
Price:$225,000
Bedrooms:4 Beds
Bathrooms:1 Full Baths
Sq. Feet:1,610
Year Built:1900
Lot Size:5.89
County: Tipton County
Township: Madison
School System : Tipton Community
MLS #:202414751
Property Type:Site-Built Home

Lot Dimensions:5.89
Lot Description:3-5.9999
Directions:IN 28 to 600 E, Turn South on 600 E, Turn East on 550 South and proceed to property on south side of road. Use address 6371 E 550 S Elwood, IN to find via GPS.
Total Sq. Ft. :1,610
Basement:Yes

Loan Price
$1,446
Price And Interest $1,174/month
Property Tax $178/month
MTG INS $0/month
HOME INS $94/month
Price
$225,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$178/month
Home Owner Insurance
$1,128 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Master Bedroom 14 x 16 Main
2nd Bedroom 10 x 10 Main
3rd Bedroom 16 x 15 Upper
4th Bedroom 16 x 15 Upper
Kitchen 24 x 14 Main
Living Room 10 x 16 Main

Semi-Annual Property Tax:$1,069
Tax Year:2024
Mandatory HOA Fee:$

City:Elwood
Subdivision: None
Zip Code:46036

School System:Tipton Community
High School:Tipton
Middle School:Tipton
Elementary School:Tipton

Total Sq. Ft.:1,610
Exterior Features:Vinyl
Fuel:None
Cool:None
Heat:None
Total Rooms:7
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Schools in 6371 E 550 S Elwood, IN  46036


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Listing provided courtesy of Summer Sherer with RE/MAX Anew Realty

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.



Elwood Market Report

65
Avg. DOM
$100.3
Avg. $ / Sq.Ft.
$ 150,000
Med. List Price

The house prices in Elwood are indeed dropping at the moment. There has been a decrease in price of $22,410.43. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Elwood are going Down. The average house price is $119,000.00 and the average price per square feet is $70.34 per square feet. At the moment, the amount of homes listed is exactly 127 houses, with 16 with active status, 24 with pending status and 87 sold in Elwood .

The most popular place to buy a home in Elwood is 4804 - Madison - Pipe Creek. 4804 - Madison - Pipe Creek is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Elwood .

The average amount of property taxes you would have to pay for a home in Elwood is $1,092.98. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Elwood are staying listed for an average of 61 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Elwood was 1549 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Elwood is $299,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Elwood is $37,500.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Elwood in year 1880 and the newest built house is in year 1953.

The average size of properties in Elwood is 1867.63 sq.ft. , the biggest one being 4211 sq.ft. and the smaller being 1198 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.