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503 W Oregon St, Trafalgar, IN, 46181

2beds
1baths
1,176sqft
$85,000
$72price/sqft
$778/moest. monthly cost
$31,120/yrincome needed

About This Home

Wonderful opportunity to revive this 2 bedroom, 1 bath bungalow in Trafalgar. Covered front porch sits off the quiet street. Large yard has potential for garage, but currently has a shed. Large rooms with 9' ceilings. Kitchen has slightly vaulted ceiling. Bonus room in back could be an office or sunroom. Lots of $200k+ renovated homes in the neighborhood.

Getting Around

42
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

6/10
6/10

Construction

Condition

  • Property condition: Fixer
  • Year built: 1930

Materials

  • Foundation: Crawl Space
  • Construction materials: Wood Siding,Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: None

Bedroom2

  • Level: Main
  • Area: 110
  • Dimensions: 10x11

Bedrooms & Bathrooms

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

Bonus Room

  • Level: Main
  • Area: 88
  • Dimensions: 11x8

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,176
  • Total interior livable area: 1,176 sqft

Kitchen

  • Level: Main
  • Area: 400
  • Dimensions: 20x20

Laundry

  • Level: Main
  • Area: 88
  • Dimensions: 11x8

Living Room

  • Level: Main
  • Area: 400
  • Dimensions: 20x20

Master Bedroom

  • Level: Main
  • Area: 169
  • Dimensions: 13x13

Property

Details

  • Parcel number: 411012022009000016
  • Special condition: As Is,Estate,Fixer Upper
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Deck

Lot

  • Lot size: 7,405 sqft

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

  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Tornado
Inland Flooding
Strong Wind
Winter Weather
Cold Wave
Drought
Hail
Heat Wave
Landslide
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 $429$5,148
Home Insurance *$52$624
Property Taxes $113$1,356
Electricity $184$2,212
Total$778$9,336
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$26,674/yr
40% on housing$23,340/yr
45% on housing$20,746/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: 8.3%
8.3%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 4.7%
4.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$72This listing

vs Other Active Listings

Avg $/sqft

ZIP 46181$214
Johnson County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 46181$158
Johnson County$151

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)

No zestimate history available

Price History

DateEventPrice
2026-03-25Price change$85,000
2026-02-20Listed for sale$90,000

For Sale by Agent

AgentChristi Coffey
BrokerageF.C. Tucker Company

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