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318 W 1st St, Mulberry, IN, 46058

5beds
4baths
2,966sqft
$379,900
$128price/sqft
$2,643/moest. monthly cost
$105,720/yrincome needed

About This Home

Welcome to this stunning brand-new construction home located in the quiet, charming town of Mulberry, Indiana. Perfectly positioned just 10 minutes from Subaru and 15 minutes from the amenities of Lafayette’s south side, this home offers the ideal blend of peaceful living and convenient access. Boasting 5 spacious bedrooms and two large living areas, this thoughtfully designed home offers plenty of room to grow, gather, and entertain. Modern finishes flood the space, highlighted by a grand kitchen featuring stunning stone countertops, stainless steel appliances, and eye-catching light fixtures that elevate the entire home. With 3 full, tastefully finished bathrooms showcasing tiled showers, plus an additional half bath for shared living spaces, comfort and functionality are seamlessly combined. Step outside to enjoy a spacious yard complete with a large stamped concrete patio, perfect for relaxing or hosting guests. This exceptional home delivers space, style, and location—don’t miss your opportunity to make it yours.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

Construction

Condition

  • New construction: Yes
  • Year built: 2025

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Other

  • Builder name: Versatile construction

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Electric Range,Electric Water Heater
  • Laundry features: Main Level

Basement

  • Basement: Crawl Space

Bedroom1

  • Level: Main

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 176

Family Room

  • Level: Upper
  • Area: 276

Features

  • 1st Bdrm En Suite,Walk-In Closet(s),Stone Counters,Kitchen Island,Stand Up Shower,Main Level Bedroom Suite
  • Flooring: Vinyl,Ceramic Tile
  • Finished area below ground: 0
  • Finished area above ground: 2,966

Heating & Cooling

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

Interior Area

  • Total structure area: 2,966
  • Total interior livable area: 2,966 sqft

Kitchen

  • Level: Main
  • Area: 208

Living Room

  • Level: Main
  • Area: 240

Property

Details

  • Parcel number: 120520131003.000009

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio

Lot

  • Lot size: 8,712 sqft
  • Features: Level,City/Town/Suburb
  • Lot size dimensions: 66X132

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
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 $1,920$23,040
Home Insurance *$250$3,000
Property Taxes $202$2,424
Electricity $271$3,262
Total$2,643$31,716
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$90,617/yr
40% on housing$79,290/yr
45% on housing$70,480/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: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.9%
-2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$128This listing

vs Other Active Listings

Avg $/sqft

ZIP 46058$100
Clinton County$119

vs Homes Sold Last Month

Median $/sqft

ZIP 46058$143
Clinton County$144

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
2026-04-14Listed for sale$395,000
2026-04-14Listing removed$419,999
2026-04-10Price change$419,999
2026-03-07Price change$429,900
2026-02-25Price change$439,900
2026-02-07Listed for sale$449,900

New Construction

AgentAlondra Alvarez
BrokerageAlvarez Real Estate

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