What an amazing estate awaits you here. A crazy 1/2 acre in town lot with a monster 3+ Finished garage in a Norman Rockwell like setting on the corner of Washington and College avenue. Truly a must-see as pictures don't do justice for the amount of space here. Partially finished basement with kitchenette, a 2nd laundry on the upper level. Possible 4-5 bedrooms and looks like the home went through a total renovation when it's sold in 2020. REO property now so be sure to ask an agent about requirements to submission of offers and any wanted inspections. Priced aggressively for a quick sale but rest assured being sold AS IS for this price and seller will do or make no repairs or credits for any needed post home inspection or for financing/appraisal. Utilities are on and no alterations of the home will be allowed to be made prior to closing. Ask an agent for details on the REO process. Once an Indiana board contract with POF and/or Approval are reviewed and terms are conditionally accepted online by the sellers asset manager a full REO addendum will be sent for client signatures before a complete contract is deemed accepted. Instructions are online with a link to offer site and terms
Closed
$268,450
491 W Washington St, Rensselaer, IN 47978
4beds
3,476sqft
Single Family Residence
Built in 1910
0.42 Acres Lot
$279,500 Zestimate®
$77/sqft
$2,082 Estimated rent
Home value
$279,500
$229,000 - $330,000
$2,082/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 19, 2025 at 11:03am
Listed by:
John Schupp,
SCHUPP Real Estate 219-696-3596
Bought with:
Susan Stevens, RB14032465
McColly Real Estate
Source: NIRA,MLS#: 813188
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Area: 255
- Dimensions: 17.0 x 15.0
Bedroom 2
- Area: 140
- Dimensions: 14.0 x 10.0
Bedroom 3
- Area: 120
- Dimensions: 12.0 x 10.0
Bedroom 4
- Area: 248
- Dimensions: 31.0 x 8.0
Bonus room
- Description: Sun Room
- Area: 120
- Dimensions: 15.0 x 8.0
Bonus room
- Area: 135
- Dimensions: 15.0 x 9.0
Den
- Area: 180
- Dimensions: 20.0 x 9.0
Dining room
- Area: 168
- Dimensions: 14.0 x 12.0
Kitchen
- Area: 189
- Dimensions: 21.0 x 9.0
Living room
- Area: 204
- Dimensions: 17.0 x 12.0
Other
- Description: Kitchenette
- Area: 140
- Dimensions: 10.0 x 14.0
Heating
- Forced Air
Appliances
- Included: Built-In Electric Range, Range Hood, Oven, Microwave, Disposal, Dishwasher
- Laundry: In Basement, Upper Level
Features
- Breakfast Bar, Eat-in Kitchen
- Basement: Partially Finished
- Number of fireplaces: 2
- Fireplace features: Other, Wood Burning
Interior area
- Total structure area: 3,476
- Total interior livable area: 3,476 sqft
- Finished area above ground: 2,876
Property
Parking
- Total spaces: 3.5
- Parking features: Driveway, Off Street, Heated Garage
- Garage spaces: 3.5
- Has uncovered spaces: Yes
Features
- Levels: Two
- Exterior features: Other, Storage
- Fencing: Back Yard
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.42 Acres
- Dimensions: 125 x 150
- Features: Landscaped
Details
- Parcel number: 370730001011032027
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Community & neighborhood
Location
- Region: Rensselaer
- Subdivision: South Add
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,VA Loan,FHA,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2025 | Sold | $268,450+18.2%$77/sqft |
Source:  NIRA #813188 | ||
| 10/23/2024 | Sold | $227,200-9.1%$65/sqft |
Source: Public Record | ||
| 4/27/2020 | Sold | $250,000-2%$72/sqft |
Source: NIRA #470619 | ||
| 3/8/2020 | Pending sale | $255,000$73/sqft |
Source: Cornerstone Real Estate Agency #470619 | ||
| 3/2/2020 | Listed for sale | $255,000+88.9%$73/sqft |
Source: Cornerstone Real Estate Agency #470619 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,762 +1.4% | $296,000 +2.6% |
| 2023 | $1,738 -2.5% | $288,500 +11.8% |
| 2022 | $1,783 +58.5% | $258,000 +4.8% |
Find assessor info on the county website
Neighborhood: 47978
Nearby schools
GreatSchools rating
- 9/10Van Rensselaer Elementary SchoolGrades: 3-5Distance: 0.9 mi
- 6/10Rensselaer Middle SchoolGrades: 6-8Distance: 0.9 mi
- 6/10Rensselaer Central High SchoolGrades: 9-12Distance: 1 mi
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$279,500
2% more+ $5,590
With Zillow Showcase(estimated)
$285,090