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2540 S Meridian Rd, Mitchell, IN, 47446

4beds
3baths
2,356sqft
$249,900
$106price/sqft
$1,857/moest. monthly cost
$74,280/yrincome needed

About This Home

Welcome to this very spacious 4 bed, 3 bath home on 3 acres which boasts over 2,300 sq ft. Home's recent improvements include: ALL brand new Andersen windows, new front deck, fresh gravel in the driveway, new roof on the garage and the shed, new garage door, new paint, trim and crown molding in the primary bedroom. The A/C and furnace are both under 5 years old, and seller has high-speed fiber internet through Orange County REMC. Part of property is fully fenced-in; property extends beyond fence line. If you're looking for a spacious home that's ready to move-in on some acreage, don't let this one pass you by!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
18
BikeSomewhat Bikeable

Schools

3/10
Burris Elementary SchoolGrades 3-53.2 mi
6/10
Mitchell Jr High SchoolGrades 6-82.7 mi
3/10
Mitchell High SchoolGrades 9-122.7 mi

Construction

Condition

  • Year built: 2001

Materials

  • Foundation: Block
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Oven,Refrigerator,Washer,Water Heater

Bedroom2

  • Level: Main
  • Area: 180
  • Dimensions: 15X12

Bedroom3

  • Level: Main
  • Area: 165
  • Dimensions: 15X11

Bedroom4

  • Level: Main
  • Area: 225
  • Dimensions: 15X15

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 3
  • Main level bedrooms: 4

Dining Room

  • Level: Main
  • Area: 165
  • Dimensions: 11X15

Features

  • Cathedral Ceiling(s),Walk-In Closet(s)
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,356
  • Total interior livable area: 2,356 sqft

Kitchen

  • Level: Main
  • Area: 240
  • Dimensions: 16X15

Laundry

  • Level: Main
  • Area: 84
  • Dimensions: 12X7

Living Room

  • Level: Main
  • Area: 315
  • Dimensions: 21X15

Master Bedroom

  • Level: Main
  • Dimensions: 11X17 + 12X15

Property

Details

  • Parcel number: 471507400046000004
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 3 Acres
  • Features: Rural - Not Subdivision

Parking

  • Total spaces: 3
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Winter Weather
Drought
Heat Wave
Inland Flooding
Lightning

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 $1,263$15,156
Home Insurance *$235$2,820
Property Taxes $144$1,728
Electricity $215$2,591
Total$1,857$22,284
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$63,668/yr
40% on housing$55,710/yr
45% on housing$49,520/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: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$106This listing

vs Other Active Listings

Avg $/sqft

ZIP 47446$107
Lawrence County$128

vs Homes Sold Last Month

Median $/sqft

ZIP 47446$133
Lawrence County$125

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
2026-05-06Price change$259,900
2026-04-14Listed for sale$269,900
2024-10-17Listing removed$237,400
2024-07-31Price change$237,400
2024-06-24Listed for sale$239,900

For Sale by Agent

AgentRyne Shadday
BrokerageCENTURY 21 Scheetz

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