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4746 W Old 40, West Terre Haute, IN, 47885

3beds
2baths
1,860sqft
$280,000
$151price/sqft
$1,965/moest. monthly cost
$78,600/yrincome needed

About This Home

Country living with room to spread out! Situated on 4.1 beautiful acres, this well-maintained brick ranch offers the perfect blend of comfortable living, outdoor space, and incredible garage/shop opportunities. Featuring 3 bedrooms and 1,860 square feet, this home has been completely transformed inside with a full interior renovation, creating a fresh, modern feel throughout while maintaining its timeless character. From the updated living spaces to the beautifully remodeled kitchen with abundant cabinetry and workspace, every room reflects quality, style, and attention to detail. Move in with confidence knowing the hard work has already been done. Outside is where this property truly shines. Enjoy peaceful evenings in the charming gazebo bar overlooking the expansive backyard, or take advantage of the detached outbuilding—perfect for hobbies, storage, a workshop, or all your recreational equipment. There is a generator for peace of mind with any power outages. The 4-car garage capacity provides exceptional space for vehicles, projects, or a home-based business. With over 4 acres to enjoy, there's plenty of room for gardening, entertaining, pets, or simply soaking in the privacy and country setting while still being just minutes from Terre Haute, I-70, and local conveniences. Properties offering this combination of fully renovated interior, acreage, multiple garage spaces, and outbuildings rarely become available.The yellow semi trailer on site will be used for. moving and will be removed soon. Whether you're looking for room to roam, space to work, or simply a peaceful place to call home, The Homestead on Old 40 delivers it all.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
West Vigo Middle SchoolGrades 6-81.5 mi
4/10
West Vigo High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1967

Materials

  • Roof: Shingle
  • Construction materials: Frame,Brick,Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Refrigerator,Elec. Range/Oven,Microwave
  • Laundry features: First Level

Basement

  • Basement: Crawl Space,None

Bathroom1

  • Level: First

Bathroom2

  • Level: First

Bathroom3

  • Level: 0

Bedroom2

  • Level: First

Bedroom3

  • Level: First

Bedroom4

  • Level: 0

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: First

Features

  • New Paint,Ceiling Fan(s)
  • Window features: Vinyl Clad
  • Flooring: New Floor Covering,Hardwood

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,860
  • Total interior livable area: 1,860 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 840526379002.000021
  • Zoning: R1
  • Exclusions: Ring Camera On Exterior

Features

  • Stories: 1
  • Patio & porch: Patio,Covered Stoop
  • Exterior features: Gutters/Storm Drain

Lot

  • Lot size: 4.10 Acres
  • Lot size dimensions: 745X248

Parking

  • Total spaces: 4
  • Parking features: Driveway,RV Access/Parking,Rock Drive,Attached,Detached,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • 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

  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Hail
Heat Wave
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 $1,415$16,980
Home Insurance *$175$2,100
Property Taxes $191$2,292
Electricity $184$2,212
Total$1,965$23,580
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$67,371/yr
40% on housing$58,950/yr
45% on housing$52,400/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: 15.6%
15.6%
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

$151This listing

vs Other Active Listings

Avg $/sqft

ZIP 47885$75
Vigo County$89

vs Homes Sold Last Month

Median $/sqft

ZIP 47885$130
Vigo County$104

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
2026-07-09Listed for sale$280,000

For Sale by Agent

AgentCARRIE SMITH
BrokerageGIBSON REAL ESTATE, INC.

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