507 S Michigan Ave, Greensburg, IN, 47240
About This Home
Step right up, dream weavers and home seekers, for a peek at 507 S Michigan Ave in Greensburg, IN! This grand dame, a single-family residence originally built in 1880, offers a sprawling 3318 square feet of living space, all in fantastic condition. She's not just a house; she's a story waiting for your next chapter. Prepare to whip up culinary masterpieces (or just really good toast) in the kitchen, where sleek stainless steel appliances gleam and a generous island invite casual conversations and impromptu dance parties. The living room, a haven of sophistication, boasts rich hardwood flooring that practically begs for cozy rugs and stylish furnishings. And when it's time to unwind, imagine sinking into a luxurious soaking tub in one of the bathrooms, letting the day's worries bubble away. With a delightful porch perfect for sipping lemonade and watching the world go by, and a total of five bedrooms spread across three glorious stories, there's ample space for everyone to spread out, relax, and perhaps even get a little lost in their own thoughts. Don't just dream about it; come see this charmer and let your imagination run wild!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1880
Materials
- Foundation: Block
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Water Heater,MicroHood,Gas Oven
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Finished,Walk-Out Access,Daylight
Bedroom2
- Level: Main
- Area: 182
- Dimensions: 14x13
Bedroom3
- Level: Upper
- Area: 143
- Dimensions: 13x11
Bedroom4
- Level: Main
- Area: 121
- Dimensions: 11x11
Bedroom5
- Level: Basement
- Area: 168
- Dimensions: 12X14
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Dining Room
- Level: Main
- Area: 130
- Dimensions: 13x10
Family Room
- Level: Basement
- Area: 525
- Dimensions: 35x15
Features
- Hardwood Floors,Kitchen Island
- Window features: WoodWorkStain/Painted
- Flooring: Hardwood
- Finished area below ground: 1,038
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 3,318
- Total interior livable area: 3,318 sqft
Kitchen
- Level: Main
- Area: 169
- Dimensions: 13x13
Living Room
- Level: Main
- Area: 196
- Dimensions: 14x14
Master Bedroom
- Level: Upper
- Area: 224
- Dimensions: 16x14
Property
Details
- Parcel number: 161112240036000016
- Horse amenities: None
Features
- Levels: Tri-Level
- Patio & porch: Covered
Lot
- Lot size: 0.88 Acres
- Features: Mature Trees,Wooded
Parking
- Parking features: Gravel,None
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
- Lightning
- Tornado
- Inland Flooding
- Strong Wind
- Cold Wave
- Hail
- Ice Storm
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,592 | $19,104 |
| Home Insurance * | $213 | $2,556 |
| Property Taxes | $520 | $6,240 |
| Electricity | $304 | $3,649 |
| Total | $2,629 | $31,548 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-21 | Listed for sale | $325,000 |
| 2023-04-07 | Listing removed | -- |
| 2023-04-02 | Pending sale | $239,900 |
| 2023-02-08 | Listed for sale | $239,900 |
| 2018-10-01 | Sold | $159,900 |
| 2018-08-15 | Pending sale | $159,900 |
| 2018-08-07 | Listed for sale | $159,900 |
| 2014-12-01 | Listing removed | $137,000 |
| 2014-11-10 | Listed for sale | $137,000 |
| 2011-04-01 | Listing removed | $129,900 |
| 2010-08-04 | Listed for sale | $129,900 |
| 2010-05-28 | Listing removed | $129,900 |
| 2009-10-24 | Listed for sale | $129,900 |
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