625 E Washington St · Greencastle, IN 46135

$225,000

4 bd · 1.5 ba · 2,664 sqft · SingleFamily public records · 76 Days on market

Built 1868 0.34 ac lot $84/sqft · at area comps Est $261k · 14% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +13.8/15.0
• Cash flow +12.4/30.0
• DSCR +3.7/10.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Distinguished 1868 Italianate residence with historic elegance reimagined. A rare opportunity to own a remarkable 1868 Italianate-style home, where timeless architecture meets modern updates. Rich in provenance and character, this 5-bedroom residence showcases the craftsmanship of a bygone era while offering thoughtful improvements for today's living-including a newly designed kitchen, updated baths, fresh exterior paint, and a brand-new roof and guttering system. There are still changes to make, so you can be a part of the home's history. A gracious formal entry sets the tone, highlighted by a magnificent original staircase and a vintage stained-glass transom that filters light into the space with understated beauty. Inside, soaring 10.5-foot ceilings lend a sense of scale and grandeur to the formal living and dining rooms, where original millwork, new designer lighting, and an open fireplace create an atmosphere both elegant and inviting. The kitchen has been thoughtfully reimagined, featuring quartz countertops, new appliances, open shelving, and exceptional storage, blending clean, modern design with the home's historic character. The main level also offers a versatile bonus room, ideal for a private study, library, garage or guest accommodations. Upstairs, the primary bedroom is complete with a private balcony and abundant natural light. Additional bedrooms provide generous proportions and flexibility, ideal for guests, a study or creative use. Outdoor living is equally compelling, with a rear deck and covered side porch overlooking mature shade trees and new landscaping-perfect for quiet mornings or elegant outdoor evening gatherings. With its grand scale, architectural integrity, and opportunity for further curation, this home presents a rare canvas for those who appreciate historic properties and wish to carry their legacy forward. An exceptional offering-schedule your private tour and experience the elegance of this historic residence firsthand.

Key facts

• Brand new roof
• Guttering system
• Original staircase

Tags

• FRESHLY PAINTED EXTERIOR
• BRAND NEW ROOF
• GUTTERING SYSTEM
• ORIGINAL STAIRCASE
• VINTAGE STAINED GLASS WINDOW
• SOARING 10.5 FOOT CEILINGS

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-38 ($-450/yr) — negative.
• To cash-flow at today's rent, offer at most $218k (2.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $172k (23.6% below list).
• Recommended offer: $172k (23.6% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.3% in Greencastle — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#108 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Greencastle Community School Corporation (town): math 38% / reading 42% proficiency, ranked #145 of 301 in IN (top 48%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Tzouanakis Intermediate School (math 44% / reading 40%, grade F, #434 of 994 statewide, top 48%, 403 students, 54% FRL); Greencastle Middle School (math 31% / reading 36%, grade F, #176 of 330 statewide, top 54%, 391 students, 52% FRL); Greencastle High School (math 42% / reading 67%, grade C-, #79 of 369 statewide, top 26%, 498 students, 49% FRL).
• Market conditions: 99 active listings in the ZIP; 166 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Putnam County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 21y ago; this cycle's ask is 22% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $70k; list at $225k implies a 221% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1868 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $171,991 (23.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1868 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.76% ✗
• Cap rate: 6.09%
• Cash-on-cash: -0.71%
• DSCR: 0.97
• GRM: 10.9

CMA / ARV

• ARV (median comp): $261,498
• List price: $225,000
• Delta: -13.96%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
725 E Washington St	0.18mi	4/2.5	2,642 (-1%)	10mo	$250,000	$95	78
413 E Washington St	0.25mi	3/2.0 (-1)	2,320 (-13%)	1mo	$210,000	$91	59
228 Hillsdale Ave	0.35mi	3/2.0 (-1)	2,428 (-9%)	4mo	$220,000	$91	59
712 Dogwood Ln	0.33mi	4/2.5	2,925 (+10%)	8mo	$281,000	$96	57
733 E Washington St	0.20mi	5/3.5 (+1)	2,851 (+7%)	11mo	$369,000	$129	57
513 Ritter Ave	0.56mi	3/1.5 (-1)	2,556 (-4%)	7mo	$232,900	$91	56
313 N College Ave	0.45mi	3/1.0 (-1)	2,414 (-9%)	3mo	$165,000	$68	54
607 E Seminary St	0.19mi	3/1.5 (-1)	2,295 (-14%)	11mo	$205,000	$89	54
533 Anderson St	0.26mi	5/1.0 (+1)	2,337 (-12%)	11mo	$210,000	$90	52
606 Anderson St	0.29mi	3/1.0 (-1)	2,306 (-13%)	8mo	$198,000	$86	50
201 W Columbia St	0.63mi	4/2.0	2,460 (-8%)	9mo	$210,000	$85	48
511 Ritter Ave	0.55mi	3/1.0 (-1)	2,376 (-11%)	6mo	$215,000	$90	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -17.5%
• Equity multiple: 0.38×
• Total profit: $-38,921
• Equity at exit: $33,548

10-year hold

• IRR: -9.6%
• Equity multiple: 0.41×
• Total profit: $-37,261
• Equity at exit: $19,454

Cash invested: $63,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46135

• Home prices YoY: -20.8%
• Active inventory: 99
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,720 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$123 /mo · $1,471/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $-38

Break-even live

Break-even rent $1,767

Max offer price $218,370

Occupancy floor 97%

Sensitivity live

Price	-10% $90	-5% $26	+0% $-38	+5% $-101	+10% $-165
Rent	-10% $-173	-5% $-105	+0% $-38	+5% $30	+10% $98
Rate	-1.0pp $76	-0.5pp $20	base $-38	+0.5pp $-96	+1.0pp $-155

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Listing history 45 events

1. 2026-06-22
   days on market $225,000 Active 76 DOM
2. 2026-06-21
   days on market $225,000 Active 75 DOM
3. 2026-06-21
   days on market $225,000 Active 74 DOM
4. 2026-06-18
   days on market $225,000 Active 72 DOM
5. 2026-06-17
   days on market $225,000 Active 71 DOM
6. 2026-06-16
   days on market $225,000 Active 70 DOM
7. 2026-06-15
   days on market $225,000 Active 69 DOM
8. 2026-06-13
   days on market $225,000 Active 67 DOM
9. 2026-06-12
   days on market $225,000 Active 66 DOM
10. 2026-06-09
    days on market $225,000 Active 63 DOM
11. 2026-06-08
    days on market $225,000 Active 62 DOM
12. 2026-06-07
    days on market $225,000 Active 61 DOM
13. 2026-06-05
    pricedays on market $225,000 Active 59 DOM
14. 2026-06-04
    days on market $245,000 Active 57 DOM
15. 2026-06-02
    days on market $245,000 Active 56 DOM
16. 2026-06-01
    days on market $245,000 Active 55 DOM
17. 2026-05-31
    days on market $245,000 Active 54 DOM
18. 2026-05-31
    days on market $245,000 Active 53 DOM
19. 2026-05-11
    status Active 1988-char remark

    Show marketing remark (1988 chars)

    Distinguished 1868 Italianate residence with historic elegance reimagined. A rare opportunity to own a remarkable 1868 Italianate-style home, where timeless architecture meets modern updates. Rich in provenance and character, this 5-bedroom residence showcases the craftsmanship of a bygone era while offering thoughtful improvements for today's living-including a newly designed kitchen, updated baths, fresh exterior paint, and a brand-new roof and guttering system. There are still changes to make, so you can be a part of the home's history. A gracious formal entry sets the tone, highlighted by a magnificent original staircase and a vintage stained-glass transom that filters light into the space with understated beauty. Inside, soaring 10.5-foot ceilings lend a sense of scale and grandeur to the formal living and dining rooms, where original millwork, new designer lighting, and an open fireplace create an atmosphere both elegant and inviting. The kitchen has been thoughtfully reimagined, featuring quartz countertops, new appliances, open shelving, and exceptional storage, blending clean, modern design with the home's historic character. The main level also offers a versatile bonus room, ideal for a private study, library, garage or guest accommodations. Upstairs, the primary bedroom is complete with a private balcony and abundant natural light. Additional bedrooms provide generous proportions and flexibility, ideal for guests, a study or creative use. Outdoor living is equally compelling, with a rear deck and covered side porch overlooking mature shade trees and new landscaping-perfect for quiet mornings or elegant outdoor evening gatherings. With its grand scale, architectural integrity, and opportunity for further curation, this home presents a rare canvas for those who appreciate historic properties and wish to carry their legacy forward. An exceptional offering-schedule your private tour and experience the elegance of this historic residence firsthand.

20. 2026-04-27
    status Active 1988-char remark

    Show marketing remark (1988 chars)

    Distinguished 1868 Italianate residence with historic elegance reimagined. A rare opportunity to own a remarkable 1868 Italianate-style home, where timeless architecture meets modern updates. Rich in provenance and character, this 5-bedroom residence showcases the craftsmanship of a bygone era while offering thoughtful improvements for today's living-including a newly designed kitchen, updated baths, fresh exterior paint, and a brand-new roof and guttering system. There are still changes to make, so you can be a part of the home's history. A gracious formal entry sets the tone, highlighted by a magnificent original staircase and a vintage stained-glass transom that filters light into the space with understated beauty. Inside, soaring 10.5-foot ceilings lend a sense of scale and grandeur to the formal living and dining rooms, where original millwork, new designer lighting, and an open fireplace create an atmosphere both elegant and inviting. The kitchen has been thoughtfully reimagined, featuring quartz countertops, new appliances, open shelving, and exceptional storage, blending clean, modern design with the home's historic character. The main level also offers a versatile bonus room, ideal for a private study, library, garage or guest accommodations. Upstairs, the primary bedroom is complete with a private balcony and abundant natural light. Additional bedrooms provide generous proportions and flexibility, ideal for guests, a study or creative use. Outdoor living is equally compelling, with a rear deck and covered side porch overlooking mature shade trees and new landscaping-perfect for quiet mornings or elegant outdoor evening gatherings. With its grand scale, architectural integrity, and opportunity for further curation, this home presents a rare canvas for those who appreciate historic properties and wish to carry their legacy forward. An exceptional offering-schedule your private tour and experience the elegance of this historic residence firsthand.

21. 2026-04-12
    status Pending 1988-char remark

    Show marketing remark (1988 chars)

    Distinguished 1868 Italianate residence with historic elegance reimagined. A rare opportunity to own a remarkable 1868 Italianate-style home, where timeless architecture meets modern updates. Rich in provenance and character, this 5-bedroom residence showcases the craftsmanship of a bygone era while offering thoughtful improvements for today's living-including a newly designed kitchen, updated baths, fresh exterior paint, and a brand-new roof and guttering system. There are still changes to make, so you can be a part of the home's history. A gracious formal entry sets the tone, highlighted by a magnificent original staircase and a vintage stained-glass transom that filters light into the space with understated beauty. Inside, soaring 10.5-foot ceilings lend a sense of scale and grandeur to the formal living and dining rooms, where original millwork, new designer lighting, and an open fireplace create an atmosphere both elegant and inviting. The kitchen has been thoughtfully reimagined, featuring quartz countertops, new appliances, open shelving, and exceptional storage, blending clean, modern design with the home's historic character. The main level also offers a versatile bonus room, ideal for a private study, library, garage or guest accommodations. Upstairs, the primary bedroom is complete with a private balcony and abundant natural light. Additional bedrooms provide generous proportions and flexibility, ideal for guests, a study or creative use. Outdoor living is equally compelling, with a rear deck and covered side porch overlooking mature shade trees and new landscaping-perfect for quiet mornings or elegant outdoor evening gatherings. With its grand scale, architectural integrity, and opportunity for further curation, this home presents a rare canvas for those who appreciate historic properties and wish to carry their legacy forward. An exceptional offering-schedule your private tour and experience the elegance of this historic residence firsthand.

22. 2026-04-12
    price $245,000 1988-char remark

    Show marketing remark (1988 chars)

    Distinguished 1868 Italianate residence with historic elegance reimagined. A rare opportunity to own a remarkable 1868 Italianate-style home, where timeless architecture meets modern updates. Rich in provenance and character, this 5-bedroom residence showcases the craftsmanship of a bygone era while offering thoughtful improvements for today's living-including a newly designed kitchen, updated baths, fresh exterior paint, and a brand-new roof and guttering system. There are still changes to make, so you can be a part of the home's history. A gracious formal entry sets the tone, highlighted by a magnificent original staircase and a vintage stained-glass transom that filters light into the space with understated beauty. Inside, soaring 10.5-foot ceilings lend a sense of scale and grandeur to the formal living and dining rooms, where original millwork, new designer lighting, and an open fireplace create an atmosphere both elegant and inviting. The kitchen has been thoughtfully reimagined, featuring quartz countertops, new appliances, open shelving, and exceptional storage, blending clean, modern design with the home's historic character. The main level also offers a versatile bonus room, ideal for a private study, library, garage or guest accommodations. Upstairs, the primary bedroom is complete with a private balcony and abundant natural light. Additional bedrooms provide generous proportions and flexibility, ideal for guests, a study or creative use. Outdoor living is equally compelling, with a rear deck and covered side porch overlooking mature shade trees and new landscaping-perfect for quiet mornings or elegant outdoor evening gatherings. With its grand scale, architectural integrity, and opportunity for further curation, this home presents a rare canvas for those who appreciate historic properties and wish to carry their legacy forward. An exceptional offering-schedule your private tour and experience the elegance of this historic residence firsthand.

23. 2026-04-12
    status Active 1988-char remark

    Show marketing remark (1988 chars)

    Distinguished 1868 Italianate residence with historic elegance reimagined. A rare opportunity to own a remarkable 1868 Italianate-style home, where timeless architecture meets modern updates. Rich in provenance and character, this 5-bedroom residence showcases the craftsmanship of a bygone era while offering thoughtful improvements for today's living-including a newly designed kitchen, updated baths, fresh exterior paint, and a brand-new roof and guttering system. There are still changes to make, so you can be a part of the home's history. A gracious formal entry sets the tone, highlighted by a magnificent original staircase and a vintage stained-glass transom that filters light into the space with understated beauty. Inside, soaring 10.5-foot ceilings lend a sense of scale and grandeur to the formal living and dining rooms, where original millwork, new designer lighting, and an open fireplace create an atmosphere both elegant and inviting. The kitchen has been thoughtfully reimagined, featuring quartz countertops, new appliances, open shelving, and exceptional storage, blending clean, modern design with the home's historic character. The main level also offers a versatile bonus room, ideal for a private study, library, garage or guest accommodations. Upstairs, the primary bedroom is complete with a private balcony and abundant natural light. Additional bedrooms provide generous proportions and flexibility, ideal for guests, a study or creative use. Outdoor living is equally compelling, with a rear deck and covered side porch overlooking mature shade trees and new landscaping-perfect for quiet mornings or elegant outdoor evening gatherings. With its grand scale, architectural integrity, and opportunity for further curation, this home presents a rare canvas for those who appreciate historic properties and wish to carry their legacy forward. An exceptional offering-schedule your private tour and experience the elegance of this historic residence firsthand.

24. 2026-01-06
    historical 1988-char remark

    Show marketing remark (1988 chars)

    Distinguished 1868 Italianate residence with historic elegance reimagined. A rare opportunity to own a remarkable 1868 Italianate-style home, where timeless architecture meets modern updates. Rich in provenance and character, this 5-bedroom residence showcases the craftsmanship of a bygone era while offering thoughtful improvements for today's living-including a newly designed kitchen, updated baths, fresh exterior paint, and a brand-new roof and guttering system. There are still changes to make, so you can be a part of the home's history. A gracious formal entry sets the tone, highlighted by a magnificent original staircase and a vintage stained-glass transom that filters light into the space with understated beauty. Inside, soaring 10.5-foot ceilings lend a sense of scale and grandeur to the formal living and dining rooms, where original millwork, new designer lighting, and an open fireplace create an atmosphere both elegant and inviting. The kitchen has been thoughtfully reimagined, featuring quartz countertops, new appliances, open shelving, and exceptional storage, blending clean, modern design with the home's historic character. The main level also offers a versatile bonus room, ideal for a private study, library, garage or guest accommodations. Upstairs, the primary bedroom is complete with a private balcony and abundant natural light. Additional bedrooms provide generous proportions and flexibility, ideal for guests, a study or creative use. Outdoor living is equally compelling, with a rear deck and covered side porch overlooking mature shade trees and new landscaping-perfect for quiet mornings or elegant outdoor evening gatherings. With its grand scale, architectural integrity, and opportunity for further curation, this home presents a rare canvas for those who appreciate historic properties and wish to carry their legacy forward. An exceptional offering-schedule your private tour and experience the elegance of this historic residence firsthand.

25. 2026-01-06
    status Active 1988-char remark

    Show marketing remark (1988 chars)

    Distinguished 1868 Italianate residence with historic elegance reimagined. A rare opportunity to own a remarkable 1868 Italianate-style home, where timeless architecture meets modern updates. Rich in provenance and character, this 5-bedroom residence showcases the craftsmanship of a bygone era while offering thoughtful improvements for today's living-including a newly designed kitchen, updated baths, fresh exterior paint, and a brand-new roof and guttering system. There are still changes to make, so you can be a part of the home's history. A gracious formal entry sets the tone, highlighted by a magnificent original staircase and a vintage stained-glass transom that filters light into the space with understated beauty. Inside, soaring 10.5-foot ceilings lend a sense of scale and grandeur to the formal living and dining rooms, where original millwork, new designer lighting, and an open fireplace create an atmosphere both elegant and inviting. The kitchen has been thoughtfully reimagined, featuring quartz countertops, new appliances, open shelving, and exceptional storage, blending clean, modern design with the home's historic character. The main level also offers a versatile bonus room, ideal for a private study, library, garage or guest accommodations. Upstairs, the primary bedroom is complete with a private balcony and abundant natural light. Additional bedrooms provide generous proportions and flexibility, ideal for guests, a study or creative use. Outdoor living is equally compelling, with a rear deck and covered side porch overlooking mature shade trees and new landscaping-perfect for quiet mornings or elegant outdoor evening gatherings. With its grand scale, architectural integrity, and opportunity for further curation, this home presents a rare canvas for those who appreciate historic properties and wish to carry their legacy forward. An exceptional offering-schedule your private tour and experience the elegance of this historic residence firsthand.

26. 2025-07-04
    price $179,000 1988-char remark

    Show marketing remark (1988 chars)

    Distinguished 1868 Italianate residence with historic elegance reimagined. A rare opportunity to own a remarkable 1868 Italianate-style home, where timeless architecture meets modern updates. Rich in provenance and character, this 5-bedroom residence showcases the craftsmanship of a bygone era while offering thoughtful improvements for today's living-including a newly designed kitchen, updated baths, fresh exterior paint, and a brand-new roof and guttering system. There are still changes to make, so you can be a part of the home's history. A gracious formal entry sets the tone, highlighted by a magnificent original staircase and a vintage stained-glass transom that filters light into the space with understated beauty. Inside, soaring 10.5-foot ceilings lend a sense of scale and grandeur to the formal living and dining rooms, where original millwork, new designer lighting, and an open fireplace create an atmosphere both elegant and inviting. The kitchen has been thoughtfully reimagined, featuring quartz countertops, new appliances, open shelving, and exceptional storage, blending clean, modern design with the home's historic character. The main level also offers a versatile bonus room, ideal for a private study, library, garage or guest accommodations. Upstairs, the primary bedroom is complete with a private balcony and abundant natural light. Additional bedrooms provide generous proportions and flexibility, ideal for guests, a study or creative use. Outdoor living is equally compelling, with a rear deck and covered side porch overlooking mature shade trees and new landscaping-perfect for quiet mornings or elegant outdoor evening gatherings. With its grand scale, architectural integrity, and opportunity for further curation, this home presents a rare canvas for those who appreciate historic properties and wish to carry their legacy forward. An exceptional offering-schedule your private tour and experience the elegance of this historic residence firsthand.

27. 2025-06-26
    listed $185,000 Active 1988-char remark

    Show marketing remark (1988 chars)

    Distinguished 1868 Italianate residence with historic elegance reimagined. A rare opportunity to own a remarkable 1868 Italianate-style home, where timeless architecture meets modern updates. Rich in provenance and character, this 5-bedroom residence showcases the craftsmanship of a bygone era while offering thoughtful improvements for today's living-including a newly designed kitchen, updated baths, fresh exterior paint, and a brand-new roof and guttering system. There are still changes to make, so you can be a part of the home's history. A gracious formal entry sets the tone, highlighted by a magnificent original staircase and a vintage stained-glass transom that filters light into the space with understated beauty. Inside, soaring 10.5-foot ceilings lend a sense of scale and grandeur to the formal living and dining rooms, where original millwork, new designer lighting, and an open fireplace create an atmosphere both elegant and inviting. The kitchen has been thoughtfully reimagined, featuring quartz countertops, new appliances, open shelving, and exceptional storage, blending clean, modern design with the home's historic character. The main level also offers a versatile bonus room, ideal for a private study, library, garage or guest accommodations. Upstairs, the primary bedroom is complete with a private balcony and abundant natural light. Additional bedrooms provide generous proportions and flexibility, ideal for guests, a study or creative use. Outdoor living is equally compelling, with a rear deck and covered side porch overlooking mature shade trees and new landscaping-perfect for quiet mornings or elegant outdoor evening gatherings. With its grand scale, architectural integrity, and opportunity for further curation, this home presents a rare canvas for those who appreciate historic properties and wish to carry their legacy forward. An exceptional offering-schedule your private tour and experience the elegance of this historic residence firsthand.

28. 2022-03-23
    soldstatus $70,000 Closed 748-char remark

    Show marketing remark (748 chars)

    Come home to history in this beautiful Victorian home just a walk from downtown Greencastle and DePauw University. With beautiful mature trees and a large front porch make this home perfect for entertaining friends and family on the weekend. Inside the home has high ceilings common for Victorian homes and large rooms to fit an size of party. Upstairs the home has 4 bedrooms and 1 full bathroom and downstairs the home has 1 bed and 1 and a half bathrooms with a possible 2nd bedroom or office. Make this home your own with your own touches and restore it to is former beauty. Home is ready for renovations though has had electric updated through the home and plumbing updated in the downstairs. A new electric water heater was installed as well.

29. 2022-02-19
    status Pending 748-char remark

    Show marketing remark (748 chars)

    Come home to history in this beautiful Victorian home just a walk from downtown Greencastle and DePauw University. With beautiful mature trees and a large front porch make this home perfect for entertaining friends and family on the weekend. Inside the home has high ceilings common for Victorian homes and large rooms to fit an size of party. Upstairs the home has 4 bedrooms and 1 full bathroom and downstairs the home has 1 bed and 1 and a half bathrooms with a possible 2nd bedroom or office. Make this home your own with your own touches and restore it to is former beauty. Home is ready for renovations though has had electric updated through the home and plumbing updated in the downstairs. A new electric water heater was installed as well.

30. 2022-02-04
    status Active 748-char remark

    Show marketing remark (748 chars)

    Come home to history in this beautiful Victorian home just a walk from downtown Greencastle and DePauw University. With beautiful mature trees and a large front porch make this home perfect for entertaining friends and family on the weekend. Inside the home has high ceilings common for Victorian homes and large rooms to fit an size of party. Upstairs the home has 4 bedrooms and 1 full bathroom and downstairs the home has 1 bed and 1 and a half bathrooms with a possible 2nd bedroom or office. Make this home your own with your own touches and restore it to is former beauty. Home is ready for renovations though has had electric updated through the home and plumbing updated in the downstairs. A new electric water heater was installed as well.

31. 2022-01-31
    historical 748-char remark

    Show marketing remark (748 chars)

    Come home to history in this beautiful Victorian home just a walk from downtown Greencastle and DePauw University. With beautiful mature trees and a large front porch make this home perfect for entertaining friends and family on the weekend. Inside the home has high ceilings common for Victorian homes and large rooms to fit an size of party. Upstairs the home has 4 bedrooms and 1 full bathroom and downstairs the home has 1 bed and 1 and a half bathrooms with a possible 2nd bedroom or office. Make this home your own with your own touches and restore it to is former beauty. Home is ready for renovations though has had electric updated through the home and plumbing updated in the downstairs. A new electric water heater was installed as well.

32. 2022-01-03
    status Active 748-char remark

    Show marketing remark (748 chars)

    Come home to history in this beautiful Victorian home just a walk from downtown Greencastle and DePauw University. With beautiful mature trees and a large front porch make this home perfect for entertaining friends and family on the weekend. Inside the home has high ceilings common for Victorian homes and large rooms to fit an size of party. Upstairs the home has 4 bedrooms and 1 full bathroom and downstairs the home has 1 bed and 1 and a half bathrooms with a possible 2nd bedroom or office. Make this home your own with your own touches and restore it to is former beauty. Home is ready for renovations though has had electric updated through the home and plumbing updated in the downstairs. A new electric water heater was installed as well.

33. 2021-12-16
    status Pending 748-char remark

    Show marketing remark (748 chars)

    Come home to history in this beautiful Victorian home just a walk from downtown Greencastle and DePauw University. With beautiful mature trees and a large front porch make this home perfect for entertaining friends and family on the weekend. Inside the home has high ceilings common for Victorian homes and large rooms to fit an size of party. Upstairs the home has 4 bedrooms and 1 full bathroom and downstairs the home has 1 bed and 1 and a half bathrooms with a possible 2nd bedroom or office. Make this home your own with your own touches and restore it to is former beauty. Home is ready for renovations though has had electric updated through the home and plumbing updated in the downstairs. A new electric water heater was installed as well.

34. 2021-12-08
    status Active 748-char remark

    Show marketing remark (748 chars)

    Come home to history in this beautiful Victorian home just a walk from downtown Greencastle and DePauw University. With beautiful mature trees and a large front porch make this home perfect for entertaining friends and family on the weekend. Inside the home has high ceilings common for Victorian homes and large rooms to fit an size of party. Upstairs the home has 4 bedrooms and 1 full bathroom and downstairs the home has 1 bed and 1 and a half bathrooms with a possible 2nd bedroom or office. Make this home your own with your own touches and restore it to is former beauty. Home is ready for renovations though has had electric updated through the home and plumbing updated in the downstairs. A new electric water heater was installed as well.

35. 2021-12-08
    price $90,000 748-char remark

    Show marketing remark (748 chars)

    Come home to history in this beautiful Victorian home just a walk from downtown Greencastle and DePauw University. With beautiful mature trees and a large front porch make this home perfect for entertaining friends and family on the weekend. Inside the home has high ceilings common for Victorian homes and large rooms to fit an size of party. Upstairs the home has 4 bedrooms and 1 full bathroom and downstairs the home has 1 bed and 1 and a half bathrooms with a possible 2nd bedroom or office. Make this home your own with your own touches and restore it to is former beauty. Home is ready for renovations though has had electric updated through the home and plumbing updated in the downstairs. A new electric water heater was installed as well.

36. 2021-11-23
    status Pending 748-char remark

    Show marketing remark (748 chars)

    Come home to history in this beautiful Victorian home just a walk from downtown Greencastle and DePauw University. With beautiful mature trees and a large front porch make this home perfect for entertaining friends and family on the weekend. Inside the home has high ceilings common for Victorian homes and large rooms to fit an size of party. Upstairs the home has 4 bedrooms and 1 full bathroom and downstairs the home has 1 bed and 1 and a half bathrooms with a possible 2nd bedroom or office. Make this home your own with your own touches and restore it to is former beauty. Home is ready for renovations though has had electric updated through the home and plumbing updated in the downstairs. A new electric water heater was installed as well.

37. 2021-11-10
    listed $150,000 Active 748-char remark

    Show marketing remark (748 chars)

    Come home to history in this beautiful Victorian home just a walk from downtown Greencastle and DePauw University. With beautiful mature trees and a large front porch make this home perfect for entertaining friends and family on the weekend. Inside the home has high ceilings common for Victorian homes and large rooms to fit an size of party. Upstairs the home has 4 bedrooms and 1 full bathroom and downstairs the home has 1 bed and 1 and a half bathrooms with a possible 2nd bedroom or office. Make this home your own with your own touches and restore it to is former beauty. Home is ready for renovations though has had electric updated through the home and plumbing updated in the downstairs. A new electric water heater was installed as well.

38. 2017-04-18
    soldstatus $47,000
39. 2017-04-18
    soldstatus $47,000
40. 2017-03-13
    listed $54,500
41. 2017-03-13
    listed $54,500
42. 2015-10-29
    historical
43. 2015-05-02
    listed $117,000
44. 2006-08-04
    soldstatus $115,000
45. 2005-11-02
    listed $140,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $1,471 · $123/mo
• Projected year-2 tax: $1,692 · $141/mo
• Expected delta: +$221/yr (+$18/mo · 15.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,639
• − Mortgage interest: −$12,603
• − Property taxes: −$1,471
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,651
• − Management: −$1,651
• − Depreciation: −$6,545
• Taxable loss: −$4,408
• Est. tax savings @ 24.0%: +$1,058
• After-tax cash flow: $608/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Greencastle Community School Corporation
• NCES district ID: 1803990
• Math proficiency: 38% ▼ -5.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $46,694
• Composite: 34.17/100
• National rank: #5276
• State rank: #145 of 301 in IN

Livability — Greencastle

• Score: 73/100
• State rank: #108
• US rank: #5665

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment C- Housing A+ Health & safety C+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greencastle, IN
• Population (ZIP): 19,639

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 37,226 people
• By 2030: 36,723 · -1.4%
• By 2040: 35,407 · -4.9%
• By 2050: 34,177 · -8.2%
• By 2075: 32,038 · -13.9%
• By 2100: 28,380 · -23.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 6% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Italian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 4% · China, Canada
• Languages at home: 96% English-only · Spanish 1% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+52.0) · D 23.1% · R 75.1% · Other 1.8%
• 2008→2024 swing: -40.0pp toward R · 2008: -12.0pp · 2024: -52.0pp
• All cycles: 2024: R+52.0 2020: R+50.2 2016: R+49.6 2012: R+32.6 2008: R+12.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.66%
• Current HPI: 222.8815
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+75.0% since first listed

27 events — show timeline

• 2026-05-11 Relisted — MIBOR as Distributed by MLS Grid
• 2026-04-27 Relisted — MIBOR as Distributed by MLS Grid
• 2026-04-12 Pending — MIBOR as Distributed by MLS Grid
• 2026-04-12 Price Changed $245,000 MIBOR as Distributed by MLS Grid
• 2026-04-12 Relisted — MIBOR as Distributed by MLS Grid
• 2026-01-06 Listing Removed — MIBOR as Distributed by MLS Grid
• 2026-01-06 Relisted — MIBOR as Distributed by MLS Grid
• 2025-07-04 Price Changed $179,000 MIBOR as Distributed by MLS Grid
• 2025-06-26 Listed $185,000 MIBOR as Distributed by MLS Grid
• 2022-03-23 Sold (MLS) $70,000 MIBOR as Distributed by MLS Grid
• 2022-02-19 Pending — MIBOR as Distributed by MLS Grid
• 2022-02-04 Relisted — MIBOR as Distributed by MLS Grid
• 2022-01-31 Listing Removed — MIBOR as Distributed by MLS Grid
• 2022-01-03 Relisted — MIBOR as Distributed by MLS Grid
• 2021-12-16 Pending — MIBOR as Distributed by MLS Grid
• 2021-12-08 Relisted — MIBOR as Distributed by MLS Grid
• 2021-12-08 Price Changed $90,000 MIBOR as Distributed by MLS Grid
• 2021-11-23 Pending — MIBOR as Distributed by MLS Grid
• 2021-11-10 Listed $150,000 MIBOR as Distributed by MLS Grid
• 2017-04-18 Sold (MLS) $47,000 MIBOR as Distributed by MLS Grid
• 2017-04-18 Sold (MLS) $47,000 IRMLS
• 2017-03-13 Listed $54,500 MIBOR as Distributed by MLS Grid
• 2017-03-13 Listed $54,500 IRMLS
• 2015-10-29 Listing Removed — MIBOR as Distributed by MLS Grid
• 2015-05-02 Listed $117,000 MIBOR as Distributed by MLS Grid
• 2006-08-04 Sold (MLS) $115,000 MIBOR as Distributed by MLS Grid
• 2005-11-02 Listed $140,000 MIBOR as Distributed by MLS Grid

Property tax history

+3.4%/yr

Latest (2024): $1,471 · -42.5% YoY. Source: county tax records.