See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

408 W Grave St, Patoka, IN, 47666

1beds
2baths
2,052sqft
$176,900
$86price/sqft
$1,329/moest. monthly cost
$53,160/yrincome needed

About This Home

Looking for a little more room to breathe? This one-of-a-kind property sits on nearly an acre and offers the flexibility that's getting harder to find. Inside you'll find a 1-bedroom, 2-bath home with a walk-out basement featuring three flex spaces perfect for a home office, hobby room, workout area, or extra storage or even extra bedrooms. Outside is where this property really shines. Relax in the hot tub, enjoy the large fenced yard, or make the most of the goat pen and detached pole barn complete with its own half bath. Whether you need a workshop, space for projects, or room for your hobbies, this property delivers. Recent updates include a newer roof, HVAC, updated plumbing and electrical, newer appliances, and a recently serviced septic system. Conveniently located with an easy drive to Toyota Motor Manufacturing Indiana, Vuteq, Princeton, and surrounding Southwest Indiana communities, this property offers the space, versatility, and small-town lifestyle you've been looking for.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1952

Materials

  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Block

Bedroom1

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 1

Features

  • Finished area below ground: 1,026
  • Finished area above ground: 1,026

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,052
  • Total interior livable area: 2,052 sqft

Kitchen

  • Area: 240

Living Room

  • Level: Main
  • Area: 286

Property

Details

  • Parcel number: 260425101000.449020

Features

  • Levels: One
  • Stories: 1
  • Fencing: Wood

Lot

  • Lot size: 0.73 Acres
  • Features: Level,0-2.9999
  • Lot size dimensions: 125X208

Parking

  • Total spaces: 3
  • Parking features: Detached,Gravel
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Drought
    DroughtRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Drought
Strong Wind
Winter Weather
Earthquake
Hail
Heat Wave
Inland Flooding
Landslide
Lightning
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $894$10,728
Home Insurance *$172$2,064
Property Taxes $75$900
Electricity $188$2,257
Total$1,329$15,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$45,565/yr
40% on housing$39,870/yr
45% on housing$35,440/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$86This listing

vs Other Active Listings

Avg $/sqft

ZIP 47666$42
Gibson County$88

vs Homes Sold Last Month

Median $/sqft

ZIP 47666
Gibson County$122

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Listed for sale$176,900
2012-01-11Sold$24,900

For Sale by Agent

AgentKelly Bolhofner
BrokerageRE/MAX REVOLUTION

Similar Homes