3841 Old Farm Rd, Springville, IN, 47462
About This Home
Charming 2-bedroom, 1-bath home situated on 3.5 acres with recent updates, including the kitchen and bathroom. Inside, the spacious great room features a beautiful limestone fireplace, while the additional family room offers extra space for relaxing, entertaining, or everyday living. Outside, the property is well-equipped for horses or hobby farm use with a large six-stall horse barn featuring heat and water and multiple fenced-in pastures. A two-car detached garage and additional shed provide even more room for storage, equipment, or projects. With a peaceful setting and an easy commute to Bedford, Bloomington, or Crane, this property offers a wonderful combination of comfort, acreage, and usable outbuildings. Home was recently appraised for $290,000, giving buyers instant equity! AND this house comes with a REDUCED RATE as low as 5.750% (APR 6.146%) as of 6/17/2026 through List & Lock™. This is a seller paid rate-buydown that reduces the buyer's interest rate and monthly payment. List & Lock™ terms apply, see disclosures for more information.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 1958
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Refrigerator,Washer,Dryer-Electric,Electric Oven
Basement
- Basement: Crawl Space,Block
Bedroom1
- Level: Main
Bedroom2
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Dining Room
- Level: Main
- Area: 120
Family Room
- Level: Main
- Area: 169
Features
- Number of fireplaces: 1
- Fireplace features: Living Room
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,368
Heating & Cooling
- Heating features: Propane
- Cooling features: Central Air
Interior Area
- Total structure area: 1,368
- Total interior livable area: 1,368 sqft
Kitchen
- Level: Main
- Area: 169
Living Room
- Level: Main
- Area: 414
Property
Details
- Parcel number: 470435600014.000007
- Horse amenities: Horse Facilities
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 3.50 Acres
- Features: Irregular Lot,Few Trees
Parking
- Total spaces: 2
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Tornado
- 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 | $1,390 | $16,680 |
| Home Insurance * | $174 | $2,088 |
| Property Taxes | $144 | $1,728 |
| Electricity | $184 | $2,212 |
| Total | $1,892 | $22,704 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow 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 |
|---|---|---|
| 2026-07-09 | Price change | $274,900 |
| 2026-06-17 | Price change | $284,900 |
| 2026-06-02 | Listed for sale | $290,000 |
| 2007-10-22 | Sold | $118,000 |
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