Investor opportunity at $65,000. 1502 Cedar St in Anderson is a 2 bed, 1 bath single-family home with 1,104 sq ft on the main floor plus a 563 sq ft unfinished basement, on a level 0.15-acre lot with a covered front porch and a 120 sq ft detached storage shed. It's currently rented at $825/month on a lease through April 27, 2027, which clears the 1% rule at this price. Property taxes run about $491 a year, so holding costs stay low. The lease also gives a buyer options. The lease terms allow it to be ended with 60 days' written notice if the property is sold. You can keep the tenant in place and collect rent from the day you close, or give notice and take the home back to renovate, re-lease at a new rate, or move in yourself. If you keep the tenant, you can renew or adjust rent when the lease ends in April 2027. Close to Anderson University, the Paramount Theatre, Mounds State Park, Anderson Speedway, and Harrah's Hoosier Park. Seller financing possible with at least 20% down.
Active
$65,000
1502 Cedar St, Anderson, IN 46016
2beds
1,667sqft
Residential, Single Family Residence
Built in 1929
6,534 Square Feet Lot
$-- Zestimate®
$39/sqft
$-- HOA
What's special
Covered front porch
- 5 days
- 222
- 23
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
John-Thomas Bell jtbellhomes@gmail.com,
Plum Tree Realty
Source: MIBOR as distributed by MLS GRID,MLS#: 22135044
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14x13
Bedroom 2
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Bonus room
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Kitchen
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15x14
Living room
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16x13
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Microwave, Electric Oven, Washer, Refrigerator, Dryer
- Laundry: Laundry Room
Features
- Attic Access, High Speed Internet
- Has basement: Yes
- Attic: Access Only
Interior area
- Total structure area: 1,667
- Total interior livable area: 1,667 sqft
- Finished area below ground: 191
Property
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 481114104038000003
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Hazelwood
HOA
- Has HOA: No
Location
- Region: Anderson
Financial & listing details
- Price per square foot: $39/sqft
- Tax assessed value: $22,300
- Annual tax amount: $492
- Date on market: 11/9/2026
- Cumulative days on market: 7 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/9/2026 | Listed for sale | $65,000$39/sqft |
Source:  MIBOR as distributed by MLS GRID #22135044 Report a problem | ||
| 11/9/2026 | Listing removed | $65,000$39/sqft |
Source: MIBOR as distributed by MLS GRID #22119004 Report a problem | ||
| 9/26/2026 | Price change | $65,000-7.1%$39/sqft |
Source: MIBOR as distributed by MLS GRID #22119004 Report a problem | ||
| 8/8/2026 | Listed for sale | $70,000-6.7%$42/sqft |
Source: MIBOR as distributed by MLS GRID #22119004 Report a problem | ||
| 5/12/2026 | Listing removed | $825 |
Source: Zillow Rentals Report a problem | ||
| 5/6/2026 | Price change | $825-2.9% |
Source: Zillow Rentals Report a problem | ||
| 3/25/2026 | Price change | $850-2.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/19/2026 | Listed for rent | $875$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/24/2026 | Listing removed | $875$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/13/2026 | Listed for rent | $875+2.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/7/2026 | Listing removed | $75,000$45/sqft |
Source: MIBOR as distributed by MLS GRID #22076722 Report a problem | ||
| 12/17/2025 | Listed for sale | $75,000+7786.4%$45/sqft |
Source: MIBOR as distributed by MLS GRID #22076722 Report a problem | ||
| 3/13/2025 | Listing removed | $850$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/10/2025 | Listed for rent | $850$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/23/2020 | Sold | $951-95.2%$1/sqft |
Source: Public Record Report a problem | ||
| 8/15/2008 | Sold | $20,000$12/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $456 +7.6% | $22,300 +8.8% |
| 2024 | $424 -1.1% | $20,500 +9% |
| 2023 | $428 +7.3% | $18,800 -1.1% |
| 2022 | $399 -23.7% | $19,000 +8% |
| 2021 | $523 +2.1% | $17,600 -23.5% |
| 2020 | $512 -57.8% | $23,000 +2.2% |
| 2019 | $1,212 +88.4% | $22,500 +7.7% |
| 2018 | $643 +55% | $20,900 +1.5% |
| 2017 | $415 +0.7% | $20,600 |
| 2016 | $412 +1% | $20,600 +1% |
| 2014 | $408 | $20,400 |
| 2013 | $408 +1.5% | $20,400 +1.5% |
| 2012 | $402 | $20,100 -13% |
| 2011 | -- | $23,100 |
| 2010 | $231 +1.5% | $23,100 -1.7% |
| 2009 | $228 | $23,500 -25.9% |
| 2006 | -- | $31,700 +1% |
| 2005 | -- | $31,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 46016
Nearby schools
Schools provided by the listing agent
- Middle: Highland Middle 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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