Here's what a $500k house looks like around Indiana
The past few years have been a roller coaster for Indiana real estate, with a massive seller's market being met with historically high-interest rates designed to slow inflation and level the market.
The median home in Central Indiana cost $277,000, which is on the decrease.
Here is the first in a recurring series looking at some representative homes at various price points around the state. This edition looks at homes currently for sale in the $500,000 range.
Indianapolis
For $500k you could own this newly renovated 3,000-square-foot home built in 1917.
The home has a two-car garage and fenced-in yard outside, and a unique dual staircase leading to 3 bedrooms inside.
Updates include new plumbing, electrical, ductwork, flooring, lighting, new kitchen with quartz countertops, tile backsplash and stainless steel appliances.
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Evansville
This home built in 1902 comes in at more than 5k square feet, with 5 bedrooms and 4 full baths.
One the best features of the house is outside, a massive yard featuring a full-sized tennis court and a basketball goal at one end.
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West Lafayette
In West Lafayette we found this newer home, built in 2020, overlooking a pond in the Oak Ridge neighborhood. Coming in at over 3k square feet, it has large bedrooms, a loft area and 2 1/2 bathrooms.
It has a fireplace, formal dining room and a new irrigation system outside.
Muncie
This 1928 home in Muncie has plenty of character and unique features. Private courtyards with fountains, a pool house with a therapy pool and complete guest suite, and a 2-car garage are just a few of the things you can get for under $500K. This 4-bedroom property is coming in at $470K and includes recent upgrades like a refurbished slate roof, fresh paint and basement waterproofing.
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Bloomington
This property on the south east side of Bloomington is nearly 4k square feet, with stainless steel appliances and a list of recent upgrades.
The last few years have brought a new HVAC, roof, gutters and all new windows. The large lower level patio overlooks the fully fenced back yard with plenty of greenery.
This article originally appeared on Indianapolis Star: Indiana real estate: See what a $500K home looks like around the state
