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1512 Ohio Ave, Anderson, IN, 46016

2beds
1baths
1,449sqft
$24,000
$17price/sqft
$338/moest. monthly cost
$13,520/yrincome needed

About This Home

This house was heavily damaged in a fire and is looking for someone to give it new life! There is some structural damage, but there appears to be enough structural integrity to rehab the house. Buyer to complete their due diligence in confirming the integrity of the house and any requirements to allow it to be inhabited again. House is currently set up as a 2BR with the 3rd bedroom being converted into a bathroom / laundry room. Red shed is not included in the sale. Buyer reserves the right to remove items prior to closing but does not plan to fully clean up the property. Seller will make no repairs to property. All showings must be with a Realtor and anyone entering the property must complete a Hazardous Conditions Disclosure prior to entering.

Getting Around

58
WalkingSomewhat Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

5/10
5/10
Highland Jr High SchoolGrades 7-83.3 mi
3/10
Anderson High SchoolGrades 9-122.6 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone
  • Roof: Asphalt,Shingle
  • Construction materials: Vinyl Siding,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: None

Basement

  • Has basement: Yes
  • Basement: Partial,Block,Brick,Concrete

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Family Room

  • Level: Main
  • Area: 182

Features

  • Flooring: Hardwood
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 1,449

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: None

Interior Area

  • Total structure area: 1,923
  • Total interior livable area: 1,449 sqft

Kitchen

  • Level: Main
  • Area: 117

Living Room

  • Level: Main
  • Area: 221

Property

Details

  • Parcel number: 481218203112.000003

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Enclosed

Lot

  • Lot size: 0.28 Acres
  • Features: Irregular Lot,Level,0-2.9999,City/Town/Suburb
  • Lot size dimensions: 147X84

Parking

  • Total spaces: 1
  • Parking features: Detached,Gravel
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • 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

  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Inland Flooding
Strong Wind
Tornado
Winter Weather

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 $121$1,452
Home Insurance *$33$396
Property Taxes $0$0
Electricity $184$2,212
Total$338$4,056
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$11,588/yr
40% on housing$10,140/yr
45% on housing$9,013/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: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$17This listing

vs Other Active Listings

Avg $/sqft

ZIP 46016$48
Madison County$96

vs Homes Sold Last Month

Median $/sqft

ZIP 46016$55
Madison County$120

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
2026-07-09Listed for sale$24,000

For Sale by Agent

AgentMark Leavell
BrokerageLeavell Real Estate

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