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502 E South St, Centerpoint, IN, 47840

3beds
3baths
2,769sqft
$279,900
$101price/sqft
$1,816/moest. monthly cost
$72,640/yrincome needed

About This Home

Charming, move-in ready Victorian home in the perfect shade of Margarita green! Conveniently located in Center Point, this 3 bedroom, 2.5 bath home is just minutes away from Brazil & Terre Haute and includes a 31x32 pole barn and a 16x32 finished accessory unit. Inside the home, you’ll find a warm and inviting layout featuring hardwood floors, abundant natural light, and unique architectural details including brick floors and original trim that add character throughout. The updated kitchen offers laminate countertops, cream cabinetry, stainless steel gas oven & dishwasher, and a vintage island, making it ideal for everyday living and entertaining. Nearby there is a formal dining room with patio doors to the covered side porch. Nice laundry area on the main floor near a full bath with glass shower. Upstairs, there is a full bath and 3 bedrooms, including a large primary bedroom with walk-in closet. The walkout basement with modern block walls and high ceilings offers a large living area as well as a large utility room. The east side of the home has a partial wrap around porch and a large patio area. A standout feature of the property is the detached finished building with a half bath, offering excellent flexibility for an accessory dwelling unit, workshop, hobby space, or teenager hangout—the possibilities are endless. The current owner used it as a licensed bakery! Brand new central air unit for the home in April 2026. The lot is .74 of an acre and has a fenced area for your animals. This home offers a great balance of charm and modern updates. Come take a look today!

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

6/10
North Clay Middle SchoolGrades 6-88.6 mi
4/10
Northview High SchoolGrades 9-128.5 mi

Construction

Condition

  • Year built: 1870

Materials

  • Roof: Metal
  • Construction materials: CEMB Cement Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Gas Range/Oven,Microwave

Basement

  • Has basement: Yes
  • Basement: Partial Basement,Crawl Space,Walk-Out Access,Partial

Bathroom1

  • Level: First

Bathroom2

  • Level: Second

Bathroom3

  • Level: 0

Bedroom2

  • Level: Second
  • Area: 140

Bedroom3

  • Level: Second
  • Area: 100

Bedroom4

  • Level: 0

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Area: 196

Features

  • New Paint,Ceiling Fan(s)
  • Window features: Double Pane Windows
  • Flooring: Hardwood,Vinyl,Carpet

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,769
  • Total interior livable area: 2,769 sqft

Kitchen

  • Area: 420

Living Room

  • Area: 252

Master Bedroom

  • Level: Second
  • Area: 336

Property

Details

  • Parcel number: 110709100014.000015
  • Zoning: R
  • Exclusions: Fridge & Freezer In House Kitchen,Stoves In Tiny Home,Porch Swings,Blink Cameras.

Features

  • Stories: 1
  • Patio & porch: Covered,Patio

Lot

  • Lot size: 0.74 Acres

Parking

  • Total spaces: 4
  • Parking features: Driveway,Detached
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • 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

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

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Inland Flooding
Tornado
Winter Weather
Drought
Earthquake
Heat Wave
Ice Storm

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 $1,415$16,980
Home Insurance *$117$1,404
Property Taxes $31$372
Electricity $253$3,045
Total$1,816$21,792
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$62,262/yr
40% on housing$54,480/yr
45% on housing$48,426/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: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$101This listing

vs Other Active Listings

Avg $/sqft

ZIP 47840$133
Clay County$127

vs Homes Sold Last Month

Median $/sqft

ZIP 47840$155
Clay County$101

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
2026-05-01Listed for sale$285,000
2024-05-07Sold$179,900
2024-04-10Pending sale$179,900
2024-04-07Listed for sale$179,900
2024-03-20Pending sale$179,900
2024-03-04Listed for sale$179,900
2017-12-28Sold$74,500

For Sale by Agent

AgentREBECCA JONES
BrokerageHOOSIER HOMES AND LAND

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