516 N Independence St, Tipton, IN, 46072
About This Home
Opportunity awaits in the heart of downtown Tipton! This charming 2-bedroom older home is ready for its next chapter and offers endless potential for investors, renovators, or buyers looking to create their dream home. While the property is in need of updates and cosmetic improvements, it features solid bones and plenty of character waiting to be restored. The attic space has been framed in & waiting for your finishing touch! Enjoy the shade of the large trees in the back while relaxing to the sounds of nature! Situated on a spacious lot that includes two additional lots, this unique offering provides extra room for expansion, recreation, gardening & endless opportunities. Enjoy the convenience of being just minutes from downtown shops, dining, parks, and community events. Whether you're looking for a renovation project, an investment property, or a place to make your own, this home presents a rare chance to own three parcels in a desirable downtown location for a great price. Bring your vision and unlock the possibilities! Property is being sold as-is.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Fixer
- Year built: 1903
Materials
- Foundation: Crawl Space
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: None
- Laundry features: Laundry Closet
Bedroom2
- Level: Main
- Area: 132
- Dimensions: 11x12
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Attic Stairway,Kitchen Island,Ceiling Fan(s),Eat-in Kitchen,Pantry
- Attic: Permanent Stairs
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air,Window Unit(s)
Interior Area
- Total structure area: 1,134
- Total interior livable area: 1,134 sqft
Kitchen
- Level: Main
- Area: 156
- Dimensions: 12x13
Living Room
- Level: Main
- Area: 195
- Dimensions: 15x13
Master Bedroom
- Level: Main
- Area: 169
- Dimensions: 13x13
Property
Details
- Parcel number: 801111506010010002
- Special condition: As Is,Cosmetics Needed,Needs Updating,Sales Disclosure Supplements
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Patio
Lot
- Lot size: 6,098 sqft
- Features: City Lot,Curbs,Not In Subdivision,Sidewalks,Mature Trees
Parking
- Total spaces: 1
- Parking features: Detached,Gravel
- 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
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Hail
- Heat Wave
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 | $1,011 | $12,132 |
| Home Insurance * | $124 | $1,488 |
| Property Taxes | $21 | $252 |
| Electricity | $184 | $2,212 |
| Total | $1,340 | $16,080 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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 |
|---|---|---|
| 2026-06-22 | Listed for sale | $200,000 |
| 2013-06-03 | Sold | $18,100 |
| 2013-02-22 | Listing removed | $20,500 |
| 2013-02-06 | Price change | $20,500 |
| 2013-01-08 | Price change | $22,500 |
| 2012-12-02 | Listed for sale | $25,250 |
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