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5245 E State Road 45, Bloomington, IN, 47408

2beds
2baths
2,172sqft
$624,900
$288price/sqft
$4,054/moest. monthly cost
$162,160/yrincome needed

About This Home

Situated on approximately five acres, the property includes the residence, a detached two-car garage, a retail building, and a large storage building, offering exceptional flexibility for agricultural, hobby farm, or home-based business use (see attached CVR Zoning District details). The ranch-style home with basement features two bedrooms located near two full bathrooms on the main level, along with additional space suitable for a home office. The eat-in kitchen offers updated finishes and stainless steel appliances, while improvements such as updated wiring and replacement windows enhance long-term functionality. With ample acreage, multiple outbuildings, and additional land available for purchase, this property provides a unique combination of residential comfort and business potential, all located less than five minutes from eastside shopping, Indiana University, and everyday conveniences.

Getting Around

1
WalkingCar-Dependent
0
TransitNo Nearby Transit
16
BikeSomewhat Bikeable

Schools

8/10
7/10
Tri-North Middle SchoolGrades 7-84.3 mi
9/10

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Range/Oven Hook Up Elec,Dishwasher,Refrigerator,Washer,Dryer-Electric,Electric Oven,Electric Range,Electric Water Heater
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Partially Finished,Block

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 187

Family Room

  • Level: Main
  • Area: 420

Features

  • 1st Bdrm En Suite,Crown Molding,Eat-in Kitchen,Tub/Shower Combination
  • Flooring: Carpet
  • Number of fireplaces: 2
  • Fireplace features: Family Room,Living Room,Gas Log,Wood Burning,Two
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,172

Heating & Cooling

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

Interior Area

  • Total structure area: 3,360
  • Total interior livable area: 2,172 sqft

Kitchen

  • Level: Main
  • Area: 143

Living Room

  • Level: Main
  • Area: 640

Property

Details

  • Parcel number: 530524400027.000004

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio

Lot

  • Lot size: 5 Acres
  • Features: Many Trees,Rolling Slope,3-5.9999,City/Town/Suburb,Near College Campus

Parking

  • Total spaces: 2
  • Parking features: Detached,Stone
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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

  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Heat Wave
Strong Wind
Tornado

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 $3,159$37,908
Home Insurance *$289$3,468
Property Taxes $407$4,884
Electricity $199$2,389
Total$4,054$48,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$138,994/yr
40% on housing$121,620/yr
45% on housing$108,106/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: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 7.5%
7.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$288This listing

vs Other Active Listings

Avg $/sqft

ZIP 47408$177
Monroe County$166

vs Homes Sold Last Month

Median $/sqft

ZIP 47408$161
Monroe County$183

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
2026-02-18Listed for sale$624,900
2016-04-01Listing removed$285,500
2016-01-13Listed for sale$285,500
2015-11-12Listing removed$289,900
2015-10-15Price change$289,900
2015-08-06Listed for sale$299,000
2015-05-10Listing removed$285,900
2015-01-07Price change$285,900
2014-11-07Price change$299,900
2014-05-10Listed for sale$312,000

For Sale by Agent

AgentChris D Smith
BrokerageRE/MAX Acclaimed Properties

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