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1041 W 500 N, Decatur, IN, 46733

4beds
2baths
2,112sqft
$289,900
$137price/sqft
$2,026/moest. monthly cost
$81,040/yrincome needed

About This Home

Always wanted to live in the country but be close to the city. We have it listed. Well maintained country ranch home with 4-bedroom 2 full bath on almost an acre lot. Lots of extras with this house including a very large deck, big back yard, Mr Planners kitchen, updated windows and patio door. The master bedroom has its own bath and walk-in closet. Bonus, it is already hooked up to city sewer system. This is a must-see property, come take a look for yourself, you will not be disappointed.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

8/10
Bellmont Middle SchoolGrades 6-82.7 mi
7/10

Construction

Condition

  • Year built: 1979

Materials

  • Foundation: Slab
  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Range/Oven Hook Up Elec,Dishwasher,Microwave,Electric Water Heater,Water Softener Rented
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Basement

  • Basement: Crawl Space,Sump Pump

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 4

Dining Room

  • Level: Main

Family Room

  • Level: Main
  • Area: 280

Features

  • Breakfast Bar,Walk-In Closet(s),Tub/Shower Combination,Main Level Bedroom Suite
  • Window features: Double Pane Windows
  • Flooring: Hardwood,Carpet
  • Finished area below ground: 0
  • Finished area above ground: 2,112

Heating & Cooling

  • Heating features: Electric,Baseboard
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 2,112
  • Total interior livable area: 2,112 sqft

Kitchen

  • Level: Main
  • Area: 228

Living Room

  • Level: Main
  • Area: 204

Property

Details

  • Parcel number: 000000518000.001250
  • Other equipment: Sump Pump

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.91 Acres
  • Features: Level,Rural
  • Lot size dimensions: 120 x 307

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener,Concrete
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

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

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 $1,465$17,580
Home Insurance *$199$2,388
Property Taxes $169$2,028
Electricity $193$2,323
Total$2,026$24,312
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$69,462/yr
40% on housing$60,780/yr
45% on housing$54,026/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: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$137This listing

vs Other Active Listings

Avg $/sqft

ZIP 46733$124
Adams County$119

vs Homes Sold Last Month

Median $/sqft

ZIP 46733$138
Adams County$126

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
2026-05-11Price change$294,800
2026-04-30Listed for sale$294,900

For Sale by Agent

AgentBradley Logan
Brokerage1st Class Hoosier Realty

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