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2203 Spring St, New Castle, IN, 47362

2beds
1baths
1,146sqft
$69,900
$61price/sqft
$666/moest. monthly cost
$26,640/yrincome needed

About This Home

This is a great older home that screams so many possibilities! It is a 2 bedroom with an easy fix to make it a 3 bedroom with the walk up attic. You could actually move right into to the home or an investor could fix it up and make it someone else' dream home. The property has a formal dining area with a large eat in kitchen that could be designed in so many ways. The laundry are is just off the kitchen. It has a covered front porch to sit and sip your coffee or watch the sunset. Home is on a large corner lot with a detached 1 car garage. Home is being sold As Is but inspections are welcome.

Getting Around

53
WalkingSomewhat Walkable
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone
  • Roof: Shingle
  • Construction materials: Aluminum Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Range/Oven Hook Up Gas,Gas Range,Gas Water Heater
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Partial,Unfinished,Exterior Entry

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 130

Family Room

  • Level: Main
  • Area: 132

Features

  • Ceiling Fan(s),Eat-in Kitchen,Formal Dining Room
  • Flooring: Hardwood,Carpet
  • Attic: Storage,Walk-up
  • Finished area below ground: 0
  • Finished area above ground: 1,146

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,406
  • Total interior livable area: 1,146 sqft

Kitchen

  • Level: Main
  • Area: 144

Living Room

  • Level: Main
  • Area: 192

Property

Details

  • Parcel number: 331211340252.000016

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Porch Covered
  • Fencing: None

Lot

  • Lot size: 9,147 sqft
  • Features: Corner Lot,Level,City/Town/Suburb
  • Lot size dimensions: 55X163

Parking

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

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

  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Hail
Lightning
Strong Wind
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 $353$4,236
Home Insurance *$70$840
Property Taxes $59$708
Electricity $184$2,212
Total$666$7,992
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$22,834/yr
40% on housing$19,980/yr
45% on housing$17,760/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: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.8%
3.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$61This listing

vs Other Active Listings

Avg $/sqft

ZIP 47362$73
Henry County$87

vs Homes Sold Last Month

Median $/sqft

ZIP 47362$103
Henry County$115

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
2026-06-26Listed for sale$69,900

For Sale by Agent

AgentLisa Lovell
BrokerageHappy Homes Real Estate

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