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31 Fairlane Dr, Mooresville, IN, 46158

3beds
2baths
1,050sqft
$170,000
$162price/sqft
$1,342/moest. monthly cost
$53,680/yrincome needed

About This Home

Opportunity awaits! This 3 bedroom, 1.5 bath ranch offers a great location close to Mooresville schools, shopping and easy access to the airport. Enjoy hardwood floors, a large backyard perfect for entertaining, a back deck, and a mini barn for added storage. Bring your vision and turn this fixer-upper into your dream home!

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

7/10
8/10
Mooresville High SchoolGrades 9-120.5 mi
5/10

Construction

Condition

  • Property condition: Fixer
  • Year built: 1959

Materials

  • Foundation: Crawl Space
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Electric Oven,Washer

Bedroom2

  • Level: Main
  • Area: 90
  • Dimensions: 9x10

Bedroom3

  • Level: Main
  • Area: 110
  • Dimensions: 11x10

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Bonus Room

  • Level: Main
  • Area: 204
  • Dimensions: 12x17

Features

  • Hardwood Floors,High Speed Internet
  • Flooring: Hardwood

Heating & Cooling

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

Interior Area

  • Total structure area: 1,050
  • Total interior livable area: 1,050 sqft

Kitchen

  • Level: Main
  • Area: 180
  • Dimensions: 12x15

Living Room

  • Level: Main
  • Area: 192
  • Dimensions: 12x16

Master Bedroom

  • Level: Main
  • Area: 144
  • Dimensions: 12x12

Property

Details

  • Parcel number: 550125145015000005
  • Special condition: As Is,Fixer Upper,Short Sale
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck,Porch
  • Fencing: Fenced,Full

Lot

  • Lot size: 7,405 sqft
  • Features: Sidewalks,Street Lights

Parking

  • Parking features: Converted Garage,Concrete

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

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Hail
Inland Flooding
Strong Wind
Tornado
Winter Weather
Earthquake
Heat Wave
Ice Storm
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 $859$10,308
Home Insurance *$89$1,068
Property Taxes $210$2,520
Electricity $184$2,212
Total$1,342$16,104
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,011/yr
40% on housing$40,260/yr
45% on housing$35,786/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: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 7.8%
7.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$162This listing

vs Other Active Listings

Avg $/sqft

ZIP 46158$146
Morgan County$154

vs Homes Sold Last Month

Median $/sqft

ZIP 46158$160
Morgan County$146

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
2026-05-01Price change$170,000
2026-04-09Price change$175,000
2026-03-20Listed for sale$185,000
2016-09-30Listing removed$111,500
2016-07-19Price change$111,500
2016-07-09Price change$111,900
2016-05-13Listed for sale$113,999
2014-04-17Listing removed$70,000
2014-03-09Pending sale$70,000
2014-03-07Listed for sale$70,000
2011-06-03Listing removed$84,900
2010-09-02Price change$84,900
2010-06-23Listed for sale$88,888

For Sale by Agent

AgentSherri Walstrom
BrokerageCarpenter, REALTORS®

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