NO FLOOD INSURANCE NEEDED AS OF JUNE 2024!! Nestled among peaceful surroundings yet conveniently close to amenities, this stunning ranch-style home boasts nearly 3000 sq. ft. of living space on over an acre of land, with the renowned multi-use Pennsy Trail just steps away. One of the highlights of the property is a spacious 30 x 60 pole barn that has been converted into a rehearsal space and recording studio, catering to musicians from near and far. Featuring soundproof walls, upgraded insulation, dedicated 100-amp electric service, and efficient heating and cooling systems, the barn offers endless possibilities as a family gathering space, home theater, workshop, entertainment space, or home office. The sky is the limit. As you enter, a newly sealed driveway leads you to both the main residence and the barn, offering ample parking space. Enjoy the benefits of cost-effective private well and septic systems, as well as a meticulously renovated interior with thoughtful upgrades throughout. The home features 4 bedrooms, including a versatile space (the 4th bedroom) that can serve as an office or bonus room, 2.5 bathrooms, and multiple inviting living areas that seamlessly blend open-concept design with distinct zones for privacy and relaxation. Every corner of this home has been rejuvenated, from the fresh paint on the walls to the brand-new flooring and energy-efficient windows installed throughout. Additional features include a tankless water heater, new and updated furnaces and AC units in both the home and barn, and a newer utility shed. An elevation certificate is in place, eliminating the need for flood insurance (June 2024). Whether you're welcoming in-laws, accommodating younger and older children, or seeking a dedicated workspace and utility space, this property offers versatility and comfort for all your lifestyle needs. Step into this haven of space and tranquility, where every detail has been carefully considered to create a welcoming and inspiring retrea
Sold
$450,000
1026 S 500 W, New Palestine, IN 46163
4beds
2,850sqft
Residential, Single Family Residence
Built in 1975
1.08 Acres Lot
$474,100 Zestimate®
$158/sqft
$2,341 Estimated rent
Home value
$474,100
$450,000 - $498,000
$2,341/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Eli Skinner 317-627-0784,
Key Realty Indiana
Bought with:
Elijah Renforth
CENTURY 21 Scheetz
Isaiah Renforth
CENTURY 21 Scheetz
Source: MIBOR as distributed by MLS GRID,MLS#: 21978078
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 4
Primary bedroom
- Features: Vinyl Plank
- Level: Main
- Area: 228 Square Feet
- Dimensions: 19 x 12
Bedroom 2
- Features: Vinyl Plank
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11 x 10
Bedroom 3
- Features: Vinyl Plank
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13 x 12
Bedroom 4
- Features: Carpet
- Level: Main
- Area: 336 Square Feet
- Dimensions: 24x14
Bonus room
- Features: Vinyl Plank
- Level: Main
- Area: 238 Square Feet
- Dimensions: 17 x 14
Dining room
- Features: Vinyl Plank
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14x13
Family room
- Features: Vinyl Plank
- Level: Main
- Area: 300 Square Feet
- Dimensions: 25 x 12
Kitchen
- Features: Vinyl Plank
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Living room
- Features: Vinyl Plank
- Level: Main
- Area: 320 Square Feet
- Dimensions: 20x16
Heating
- Dual, Electric, Forced Air, Heat Pump, High Efficiency (90%+ AFUE ), Other
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Dryer, Gas Water Heater, Convection Oven, Electric Oven, Refrigerator, Tankless Water Heater, Washer, Water Softener Owned
- Laundry: Connections All, Laundry Closet, Main Level
Features
- Attic Access, Attic Pull Down Stairs, Cathedral Ceiling(s), Kitchen Island, Entrance Foyer, High Speed Internet, Pantry, Walk-In Closet(s)
- Windows: Screens, Skylight(s), Windows Thermal, Windows Vinyl, Wood Work Painted
- Has basement: No
- Attic: Access Only,Pull Down Stairs
- Number of fireplaces: 1
- Fireplace features: Family Room, Insert, Wood Burning
Interior area
- Total structure area: 2,850
- Total interior livable area: 2,850 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt, Electric Vehicle Service Equipment (EVSE), Garage Door Opener, Guest Parking, Storage
- Attached garage spaces: 2
- Details: Garage Parking Other(Finished Garage, Garage Door Opener)
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Has spa: Yes
- Spa features: See Remarks
Lot
- Size: 1.08 Acres
- Features: Corner Lot
Details
- Additional structures: Barn Pole, Barn Storage, Outbuilding, Storage
- Parcel number: 301007102001000012
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Brick
- Foundation: Block, Slab
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1975
Utilities & green energy
- Electric: 100 Amp Service, 200+ Amp Service, 220 Volts For Spa, 220 Volts in Garage, 220 Volts in Kitchen, Circuit Breakers
- Sewer: Septic Tank
- Water: Private Well, Well
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Gem Meadows
HOA
- Has HOA: No
Location
- Region: New Palestine
Financial & listing details
- Price per square foot: $158/sqft
- Tax assessed value: $421,200
- Annual tax amount: $2,430
- Date on market: 5/17/2024
- Cumulative days on market: 58 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2024 | Sold | $450,000-4.1%$158/sqft |
Source:  MIBOR as distributed by MLS GRID #21978078 Report a problem | ||
| 7/17/2024 | Pending sale | $469,000$165/sqft |
Source: MIBOR as distributed by MLS GRID #21978078 Report a problem | ||
| 7/8/2024 | Listed for sale | $469,000$165/sqft |
Source: MIBOR as distributed by MLS GRID #21978078 Report a problem | ||
| 7/4/2024 | Pending sale | $469,000$165/sqft |
Source: MIBOR as distributed by MLS GRID #21978078 Report a problem | ||
| 6/20/2024 | Price change | $469,000-1.1%$165/sqft |
Source: MIBOR as distributed by MLS GRID #21978078 Report a problem | ||
| 6/14/2024 | Price change | $474,000-0.2%$166/sqft |
Source: MIBOR as distributed by MLS GRID #21978078 Report a problem | ||
| 6/8/2024 | Price change | $475,000-2.9%$167/sqft |
Source: MIBOR as distributed by MLS GRID #21978078 Report a problem | ||
| 6/4/2024 | Price change | $489,000-1.2%$172/sqft |
Source: MIBOR as distributed by MLS GRID #21978078 Report a problem | ||
| 5/22/2024 | Price change | $495,000-1%$174/sqft |
Source: MIBOR as distributed by MLS GRID #21978078 Report a problem | ||
| 5/17/2024 | Listed for sale | $500,000+58.7%$175/sqft |
Source: MIBOR as distributed by MLS GRID #21978078 Report a problem | ||
| 6/3/2022 | Sold | $315,000-10%$111/sqft |
Source: MIBOR as distributed by MLS GRID #21844176 Report a problem | ||
| 4/1/2022 | Pending sale | $349,900$123/sqft |
Source: MIBOR as distributed by MLS GRID #21844176 Report a problem | ||
| 3/20/2022 | Listed for sale | $349,900$123/sqft |
Source: MIBOR as distributed by MLS GRID #21844176 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,680 +10.9% | $421,200 +31.1% |
| 2024 | $2,416 +4.1% | $321,200 +16% |
| 2023 | $2,321 +9% | $277,000 +8.2% |
| 2022 | $2,130 +3.9% | $255,900 +17.9% |
| 2021 | $2,049 +4% | $217,100 -1.9% |
| 2020 | $1,971 -29.6% | $221,200 +7% |
| 2019 | $2,801 +56.4% | $206,800 +2.7% |
| 2018 | $1,791 -5.4% | $201,300 +3.9% |
| 2017 | $1,894 | $193,700 +3% |
| 2016 | $1,894 -7% | $188,100 -0.9% |
| 2014 | $2,037 -0.6% | $189,900 -0.1% |
| 2013 | $2,050 -1.5% | $190,100 +1.9% |
| 2012 | $2,080 -2.2% | $186,500 +1% |
| 2011 | $2,126 +3.9% | $184,700 |
| 2010 | $2,047 -2.6% | $184,700 +0.1% |
| 2009 | $2,102 +4.6% | $184,600 |
| 2007 | $2,009 -17.8% | $184,600 |
| 2006 | $2,445 | $184,600 +5.5% |
| 2005 | -- | $175,000 |
Find assessor info on the county website
Neighborhood: 46163
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Nearby schools
GreatSchools rating
- 6/10Sugar Creek Elementary SchoolGrades: PK-4Distance: 1.6 mi
- 8/10New Palestine Jr High SchoolGrades: 7-8Distance: 1.5 mi
- 10/10New Palestine High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Sugar Creek Elementary Sch
- Middle: New Palestine Jr High School
- High: New Palestine High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$474,100
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Estimated market value
$474,100
- Indiana
- Hancock County
- New Palestine
- 46163
- 1026 S 500 W
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