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224 Reddingdale Dr, New Castle, IN, 47362

2beds
1baths
1,804sqft
$105,000
$58price/sqft
$911/moest. monthly cost
$36,440/yrincome needed

About This Home

Affordable opportunity in the heart of New Castle! This 2-bedroom, 1-bath ranch offers 902 sq. ft. of main-level living plus a full unfinished basement for storage or future potential. The home is livable in its current condition and offers plenty of opportunity for cosmetic improvements to build equity over time. Many major items have already been updated, including the roof (6 years old), A/C unit (5 years old), furnace (3 years old), and main sewer line (replaced 3 years ago). Features include an eat-in kitchen with included appliances, a spacious living room with great natural light, and a covered front porch. Outside, enjoy the fully fenced backyard, detached garage with storage area, and convenient on-street parking on this corner lot. Located near schools, shopping, and parks. Sale subject to lender approval as part of a short sale process.

Getting Around

59
WalkingSomewhat Walkable
0
TransitVery Limited Transit
51
BikeBikeable

Schools

8/10
5/10
New Castle Middle SchoolGrades 6-81.7 mi
5/10
New Castle High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Block
  • Construction materials: Vinyl With Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Gas Water Heater,Electric Oven,Refrigerator,Washer

Basement

  • Has basement: Yes

Bedroom2

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Bedrooms & Bathrooms

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

Features

  • Attic Access
  • Attic: Access Only
  • Finished area below ground: 0

Heating & Cooling

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

Interior Area

  • Total structure area: 1,804
  • Total interior livable area: 1,804 sqft

Kitchen

  • Level: Main
  • Area: 77
  • Dimensions: 11x7

Living Room

  • Level: Main
  • Area: 308
  • Dimensions: 22x14

Master Bedroom

  • Level: Main
  • Area: 156
  • Dimensions: 12x13

Property

Details

  • Parcel number: 331211330287000016
  • Special condition: In Foreclosure,Short Sale
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered
  • Fencing: Fenced,Chain Link,Full,Privacy

Lot

  • Lot size: 4,791 sqft

Parking

  • Total spaces: 1
  • Parking features: Detached,Gravel,Guest,Garage Faces Side,Storage
  • 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 $530$6,360
Home Insurance *$105$1,260
Property Taxes $92$1,104
Electricity $184$2,212
Total$911$10,932
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$31,234/yr
40% on housing$27,330/yr
45% on housing$24,293/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

$58This 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)

Price History

DateEventPrice
2026-02-23Listed for sale$110,000
2026-01-07Pending sale$110,000
2025-11-07Price change$110,000
2025-11-05Listed for sale$100,000
2025-07-28Listing removed$110,000
2025-07-23Price change$110,000
2025-06-20Price change$114,000
2025-05-02Listed for sale$119,500
2025-05-01Listing removed--
2025-04-02Listed for sale$127,000
2022-11-09Sold$100,000
2022-09-26Pending sale$95,000
2022-09-20Listed for sale$95,000

Unknown Listed By

AgentConnor Jones
BrokerageMark Dietel Realty, LLC

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