Set on nearly a third of an acre along a quiet stretch outside Greencastle, this 2-bedroom, 1-bath home offers the kind of space and privacy that's tough to find at this price point. The gravel drive leads back to a detached garage and covered carport, giving you plenty of room for vehicles, storage, or a workshop setup, while the wide, tree-lined yard is ready for gardens, play equipment, or simply enjoying the open country air. Inside, the home carries the charm of its era with a layout that's easy to make your own. Central heat, a partial basement for extra storage, and solid bones throughout. Comps put this listing well below market and leaving real room for built-in equity from day one. Whether you're looking for a project with upside or simply want more land for less money, this one checks the box.
Active
$119,000
5232 E Us Highway 40, Greencastle, IN 46135
2beds
1,596sqft
Residential, Single Family Residence
Built in 1900
0.3 Acres Lot
$-- Zestimate®
$75/sqft
$-- HOA
What's special
Detached garageSolid bones throughoutGravel driveCharm of its eraCovered carportQuiet stretch outside greencastleWide tree-lined yard
- 9 hours |
- 125 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Isaac VanCuren 812-900-2125,
Gardner Property Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22114147
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Dimensions: NA
Bedroom 2
- Level: Main
- Dimensions: NA
Dining room
- Level: Main
- Dimensions: NA
Kitchen
- Level: Main
- Dimensions: NA
Laundry
- Level: Main
- Dimensions: NA
Living room
- Level: Main
- Dimensions: NA
Heating
- Other
Cooling
- Other
Appliances
- Included: Other
Features
- Has basement: Yes
Interior area
- Total structure area: 1,596
- Total interior livable area: 1,596 sqft
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Has spa: Yes
- Spa features: Above Ground, Private
Lot
- Size: 0.3 Acres
Details
- Parcel number: 671304201017000010
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Stone, Vinyl Siding, Wood Siding, Other
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Water: Other
Community & HOA
Community
- Subdivision: 40 North On Meridian
HOA
- Has HOA: No
Location
- Region: Greencastle
Financial & listing details
- Price per square foot: $75/sqft
- Tax assessed value: $103,600
- Annual tax amount: $442
- Date on market: 7/20/2026
- Cumulative days on market: 3 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Listed for sale | $119,000$75/sqft |
Source:  MIBOR as distributed by MLS GRID #22114147 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $151 +53.3% | $103,600 +147.8% |
| 2024 | $99 -85.4% | $41,800 +11.5% |
| 2023 | $677 +8% | $37,500 -0.5% |
| 2022 | $627 -2% | $37,700 +8.3% |
| 2021 | $640 +1.2% | $34,800 |
| 2020 | $632 -33% | $34,800 |
| 2019 | $944 +10.7% | $34,800 -0.6% |
| 2018 | $853 +68.6% | $35,000 +1.4% |
| 2017 | $506 | $34,500 -0.6% |
| 2016 | -- | $34,700 -2% |
| 2014 | $1 | $35,400 |
| 2013 | $1 | $35,400 +1.1% |
| 2012 | -- | $35,000 +17.8% |
| 2011 | -- | $29,700 |
| 2010 | -- | $29,700 |
| 2009 | -- | $29,700 |
| 2006 | -- | $29,700 |
| 2003 | -- | $29,700 |
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: 46135
Nearby schools
GreatSchools rating
- 6/10Central Elementary SchoolGrades: K-5Distance: 3.2 mi
- 7/10South Putnam Middle SchoolGrades: 6-8Distance: 3.4 mi
- 7/10South Putnam High SchoolGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- Middle: Greencastle Middle School
- High: Greencastle Senior 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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A local agent can set up tours, give advice and negotiate with sellers.
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