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1340 Locust St, Terre Haute, IN, 47807

1beds
1baths
720sqft
$22,900
$32price/sqft
$360/moest. monthly cost
$14,400/yrincome needed

About This Home

Unlock the potential of this historic Terre Haute home, featuring a classic layout and a detached garage with flexible use options. The main house is ready for your vision, offering the chance to update the kitchen and bathroom floors and add your personal touch throughout. Located in a city experiencing new investment and growth, this property is perfect for those seeking a project with upside. Whether you're looking to renovate for long-term hold or create a standout rental, the opportunity to transform this space is wide open. Seize the chance to reimagine a piece of local history in a neighborhood on the rise.

Getting Around

57
WalkingSomewhat Walkable
24
TransitMinimal Transit
67
BikeBikeable

Schools

Construction

Condition

  • Year built: 1883

Materials

  • Construction materials: Asphalt,Brick,Vinyl Siding

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Full

Bedroom1

  • Level: Main

Bedrooms & Bathrooms

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

Features

  • Finished area below ground: 0
  • Finished area above ground: 720

Heating & Cooling

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

Interior Area

  • Total structure area: 1,440
  • Total interior livable area: 720 sqft

Property

Details

  • Parcel number: 840615457023.000002

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 4,356 sqft
  • Features: Level
  • Lot size dimensions: 31x133

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
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Winter Weather
Hail
Heat Wave
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 $115$1,380
Home Insurance *$48$576
Property Taxes $13$156
Electricity $184$2,212
Total$360$4,320
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$12,342/yr
40% on housing$10,800/yr
45% on housing$9,600/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

$32This listing

vs Other Active Listings

Avg $/sqft

ZIP 47807$60
Vigo County$90

vs Homes Sold Last Month

Median $/sqft

ZIP 47807$58
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)

No zestimate history available

Price History

DateEventPrice
2026-08-17Price change$18,900
2026-08-03Price change$22,900
2026-07-27Listed for sale$24,900

For Sale by Agent

AgentSeth Dawson
BrokerageConnected America LLC

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