Loan Price
$1,408
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$249,900
403 N Melville Street Rensselaer, IN 47978
- 8 Beds
- 2 Baths
- 2,016 sq. Ft
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Property Description for 403 N Melville Street Rensselaer, IN 47978
Discover an exceptional opportunity to own this modular structure (currently being used as an office but with a little elbow grease could easily be turned into a spacious home!) located in the heart of Rensselaer, Indiana right across from Columbia Park. This ranch-style property is currently zoned industrial, but should be eligible for residential rezoning by the city of Rensselaer. (See agent remarks for more details.)The interior of the building features just over 2000 sf of space (currently split into 8 offices which could be potentially be converted to bedrooms) as well as a reception area perfect for conversion to a living room; a kitchenette, 3/4 bath and 1/2 bath. Building will need a little work to convert to a residence, and WILL REQUIRE REZONING THROUGH THE CITY prior to appraisal and closing, but has tons of potential. Seller will add closets to offices to qualify the rooms as bedrooms for loan purposes.
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Address:403 N Melville Street Rensselaer IN 47978
Status:Active
on site: 40 days
Price:$249,900
Bedrooms:8 Beds
Bathrooms:1 Half Baths
Sq. Feet:2,016
Year Built:1990
Lot Size:0.45
County: Jasper
Township: Marion
MLS #:811533
Property Type:Single Family Residence
Lot Dimensions:144x124
Directions:231 North to W. Washington Street; Right on W. Washington. W. Washington to N. McKinley Street, Left on N. McKinley. N. Mckinley to E. Elm St., right on E. Elm to North Melville St. Property is at the corner of N. Melville St. and E. Elm.
Total Sq. Ft. :2,016
| Room | Size | Level |
| Office | Will | Info Not Available |
| Office | Will | Info Not Available |
| Office | Will | Info Not Available |
| Office | Will | Info Not Available |
| Office | Will | Info Not Available |
| Office | Will | Info Not Available |
| Office | Will | Info Not Available |
| Office | Will | Info Not Available |
| Other | Reception/meeting | Info Not Available |
| Other | Kitchenette | Info Not Available |
Tax Year:2023
Mandatory HOA Fee:$
Total Sq. Ft.:2,016
Interior Features:None
Appliances:None
Exterior Features:None
Heat:Forced Air
Total Rooms:10
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Listing provided courtesy of Jason Moon with Trueblood Real Estate, LLC from NIRA as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/11/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Rensselaer Market Report
119
Avg. DOM
$148.81
Avg. $ / Sq.Ft.
$ 259,900
Med. List Price
The house prices in Rensselaer are indeed dropping at the moment. There has been a decrease in price of $31,050.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.
The housing market and house prices in Rensselaer are going Down. The average house price is $259,900.00 and the average price per square feet is $145.14 per square feet. At the moment, the amount of homes listed is exactly 225 houses, with 42 with active status, 1 with pending status and 182 sold in Rensselaer .
The most popular place to buy a home in Rensselaer is 3704 - Jasper - Union. 3704 - Jasper - Union is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Rensselaer .
The average amount of property taxes you would have to pay for a home in Rensselaer is $847.45. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.
Properties in Rensselaer are staying listed for an average of 79 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.
The last home listed in Rensselaer was 754 minutes ago.
At the moment we have 0 open houses that you can visit.
The cost of the most expensive home in Rensselaer is $749,900.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.
The cost of the cheapest home in Rensselaer is $114,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.
The date of the oldest built home in Rensselaer in year 1830 and the newest built house is in year 2024.
The average size of properties in Rensselaer is 1998.21 sq.ft. , the biggest one being 4370 sq.ft. and the smaller being 789 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.