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2554 E 400 N, Rensselaer, IN, 47978

1beds
1baths
864sqft
$375,000
$434price/sqft
$2,458/moest. monthly cost
$98,320/yrincome needed

About This Home

Charming country retreat on Approx. 20 acres, made up of Woods, gardens and grass and offering privacy, wildlife, trails, and endless possibilities! This remodeled 1 bedroom, 1 bath home features 864 square feet of updated living space and is being offered turnkey with furniture and appliances included. Within the last 5 years, the home has been extensively remodeled with new drywall, vinyl flooring, cabinets, fixtures, appliances, bathroom updates, water lines, well, pressure tank, furnace, and central air conditioning. Bathroom improvements include a new shower, vanity, toilet, and faucets. Additional updates within the last 10 years include electric, roof, gutters, and hot water heater. The home includes propane heat and stove, electric water heater, washer/dryer hookups, and new exterior and storm doors. Outside you'll find a 3+ car garage plus a 30x60 pole barn with concrete floor, providing excellent storage for vehicles, equipment, hobbies, or livestock needs. The property consists of two separate 9.97-acre parcels and offers abundant wildlife including deer, turkey, and fox. Enjoy garden beds and Concord grape vines inside a fenced garden area, wooded trails, and plenty of room for horses, ATVs, recreation, or future building opportunities. If you've been dreaming of a peaceful country lifestyle with room to grow and explore, this property is a must-see!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
9/10
8/10

Construction

Condition

  • Year built: 1957

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Refrigerator,Microwave
  • Laundry features: Electric Dryer Hookup,Washer Hookup,Main Level,Laundry Room

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Ceiling Fan(s),Country Kitchen,Kitchen Island,Eat-in Kitchen,Double Vanity
  • Finished area above ground: 864

Heating

  • Heating features: Forced Air,Propane

Interior Area

  • Total structure area: 864
  • Total interior livable area: 864 sqft

Kitchen

  • Level: Main
  • Area: 165
  • Dimensions: 15.0 x 11.0

Laundry

  • Level: Main
  • Area: 99
  • Dimensions: 11.0 x 9.0

Living Room

  • Level: Main
  • Area: 220
  • Dimensions: 20.0 x 11.0

Primary Bedroom

  • Level: Main
  • Area: 143
  • Dimensions: 13.0 x 11.0

Property

Details

  • Parcel number: 371104000001006020
  • Special condition: None

Features

  • Levels: One
  • Has view: Yes
  • View description: Neighborhood,Rural
  • Horses can be raised: Yes

Lot

  • Lot size: 19.94 Acres
  • Features: Back Yard,Wooded,Rectangular Lot,Front Yard

Parking

  • Total spaces: 3
  • Parking features: Detached,Garage Faces Front,Concrete,Additional Parking,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Hail
Inland Flooding
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

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 $1,896$22,752
Home Insurance *$276$3,312
Property Taxes $102$1,224
Electricity $184$2,212
Total$2,458$29,496
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$84,274/yr
40% on housing$73,740/yr
45% on housing$65,546/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: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.0%
0.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$434This listing

vs Other Active Listings

Avg $/sqft

ZIP 47978$129
Jasper County$141

vs Homes Sold Last Month

Median $/sqft

ZIP 47978$119
Jasper County$150

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
2026-07-07Listed for sale$375,000
2026-06-25Pending sale$375,000
2026-05-26Listed for sale$375,000
2017-05-31Sold$142,900

For Sale by Agent

AgentTerri Phegley
BrokerageCornerstone Real Estate Agency

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