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502 W Main St, Danville, IN, 46122

5beds
4baths
5,809sqft
$775,000
$133price/sqft
$5,356/moest. monthly cost
$214,240/yrincome needed

About This Home

Presenting a rare, turnkey opportunity to purchase a fully renovated property in a highly-visible, prime downtown Danville location, perfectly equipped for your home. This building has undergone a meticulous top-to-bottom renovation, featuring all-new systems, including HVAC, electrical, plumbing, windows, siding, ensuring a hassle-free, low-maintenance home. The interior boasts an updated yet historical feel, professional design with high ceilings, abundant natural light, hardwood flooring, and is fully wired with state-of-the-art networking infrastructure throughout the home. Each room is spacious, a large open dining room area, and a dedicated fully equipped kitchen, making it ideal for downtown Danville living. Located on US 36 in the heart of the community with excellent curb appeal, this property offers immediate occupancy.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

--
North Elementary SchoolGrades PK-10.5 mi
8/10
Danville Middle SchoolGrades 5-81.0 mi
8/10

Construction

Condition

  • Year built: 1926

Materials

  • Foundation: Block
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Disposal,Gas Water Heater,Microwave,Electric Oven,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom2

  • Level: Upper
  • Area: 139.38
  • Dimensions: 13.8x10.10

Bedroom3

  • Level: Upper
  • Area: 156.09
  • Dimensions: 12.9x12.10

Bedroom4

  • Level: Main
  • Area: 126.936
  • Dimensions: 10.32x12.3

Bedroom5

  • Level: Main
  • Area: 124.353
  • Dimensions: 10.11x12.3

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Dining Room

  • Level: Main
  • Area: 193.5
  • Dimensions: 12.9x15

Features

  • Attic Stairway
  • Number of fireplaces: 1
  • Fireplace features: Gas Log
  • Fireplace: Yes
  • Attic: Permanent Stairs
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Zoned

Interior Area

  • Total structure area: 5,809
  • Total interior livable area: 5,809 sqft

Kitchen

  • Level: Main
  • Area: 202.24
  • Dimensions: 12.8x15.8

Laundry

  • Features: Other
  • Level: Basement
  • Area: 902.41
  • Dimensions: 29.11x31

Living Room

  • Level: Main
  • Area: 253.5
  • Dimensions: 16.9x15

Master Bedroom

  • Level: Upper
  • Area: 192
  • Dimensions: 16x12

Property

Details

  • Parcel number: 321104470007000003
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 9,147 sqft

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Attached garage spaces: 1
  • Covered spaces: 1

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

  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Winter Weather
Cold Wave
Hail
Heat Wave
Inland Flooding
Lightning
Strong Wind

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 $3,918$47,016
Home Insurance *$383$4,596
Property Taxes $523$6,276
Electricity $532$6,390
Total$5,356$64,272
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$183,634/yr
40% on housing$160,680/yr
45% on housing$142,826/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: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.7%
2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$133This listing

vs Other Active Listings

Avg $/sqft

ZIP 46122$155
Hendricks County$150

vs Homes Sold Last Month

Median $/sqft

ZIP 46122$155
Hendricks County$159

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
2026-06-15Listed for sale$775,000
2025-06-04Listing removed$1,375
2025-05-23Price change$1,375
2025-04-15Price change$1,400
2025-03-04Listed for rent$1,300
2025-02-22Listing removed$1,300
2025-02-19Listed for rent$1,300
2024-12-02Listing removed$1,300
2024-11-05Price change$1,300
2024-10-01Listed for rent$1,400
2024-06-01Listing removed--
2024-05-31Price change$1,020
2024-05-29Price change$1,050
2024-05-23Price change$1,100
2024-05-21Price change$1,130
2024-05-17Price change$1,300
2024-05-13Price change$1,325
2024-04-29Price change$1,350
2024-04-17Listed for rent$1,150
2024-01-26Listing removed--
2024-01-16Listed for rent$1,100
2023-07-12Listing removed--
2023-06-21Price change$1,150
2023-06-14Price change$1,100
2023-06-05Listed for rent$1,250
2021-08-26Sold$270,000
2019-09-27Sold$135,000

For Sale by Agent

AgentRobbie Carter
Brokerage@properties

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