Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and features. Assessed value of $125,800 aligns with market estimates.
Craftsman Bungalow with Sunroom, Original Woodwork, & Garage
This is a home that announces itself with original woodwork and craftsman-era character while offering practical, modern systems for everyday living. Built in 1900 and sitting on a level 6,040 sq ft lot with 40 feet of frontage along South 10th Street, the house opens into comfortable living areas where preserved trim, built-ins and wide moldings recall the property’s historic roots. The living room and adjoining formal spaces flow toward a glassed sunroom warmed by a gas heater—perfect as a quiet reading nook, playroom, or year-round plant room.
The main floor includes generous bedroom options and two full baths across roughly 2,041 square feet (per county records), and the 1.5-story profile gives the home a true bungalow scale. The heating is forced air gas and the home is served by central air conditioning, providing practical comfort while retaining period details. A partially unfinished basement provides storage and a clear opportunity for added finished living area or hobby space.
Outside, a fenced backyard creates a private yard for pets and summer gatherings; a 1-car detached garage plus driveway provide off-street parking—useful on this residential stretch near local shops and schools. The R-1 zoning allows single-family use and offers flexibility for accessory dwelling units subject to permitting, adding longer-term value possibilities.
Located in the South 13th Street neighborhood of Terre Haute, this property puts Farrington Grove Elementary and Sarah Scott Middle School within a half-mile, with Terre Haute South Vigo High School under two miles. Nearby community amenities include Deming Park for outdoor recreation and Honey Creek Mall for retail; the home is part of a stable neighborhood with a strong sense of place and steady demand for single-family homes. Whether you’re seeking a primary residence with historic charm or a value-driven investment with upside in the unfinished basement, this Craftsman bungalow is a rare blend of authenticity and potential.
See the properties helping shape the valuation.
Comparable sales
- 1,525 SF smaller
- 2 fewer bedrooms
- 1 fewer bathroom
- Similar lot size
- 15 years older
- 1,049 SF smaller
- 3 fewer bedrooms
- 1 fewer bathroom
- Similar lot size
- 5 years newer
- 1,651 SF smaller
- 2 fewer bedrooms
- Similar lot size
- 20 years newer
A 1900 craftsman bungalow on 0.14 acres.
Building
Site & utilities
South 13th Street Neighborhood
Researched nearby locations
Location
1506 South 10th Street, Terre Haute, IN 47802
The South 13th Street neighborhood blends quiet residential streets with convenient access to schools, parks and retail. Families appreciate the proximity to Farrington Grove Elementary and Sarah Scott Middle School, while Deming Park and Honey Creek Mall are short drives for weekend recreation and errands. The area’s modest, stable population supports a close-knit community feel; sidewalks and short local trips make daily life straightforward, and a mix of preserved historic homes gives the neighborhood character that attracts owner-occupants and investors alike.
Good access to parks and neighborhood green spaces with Deming Park 2.5 miles away, nearby community trails for walking and biking, and multiple recreational options within a short drive.
A factual market snapshot around 1506 South 10th Street.
Local market conditions around South 10th Street are balanced-to-slightly seller-favorable. Inventory is tight at roughly 2.5 months, and homes in the immediate Terre Haute area typically sell in about 51 days—faster than a fully buyer-dominant market but not hyper-competitive. The neighborhood’s median sale price sits near $183,000, while recent comparable transactions within a half-mile support an estimated value range for this property between $107,700 and $130,662, with a midpoint estimate around $119,181. Single-family homes in this corridor remain in steady demand because of walkable access to schools and retail, and modest year-over-year appreciation (about 3% last 12 months, ~15% over five years) points to long-term stability rather than volatile spikes.
For buyers, this is an attractive window: limited months of inventory reduce the likelihood of protracted negotiating periods, and the property’s historic features plus basement expansion potential create tangible value-add scenarios. Investors should note local rental comps that indicate monthly rents near $1,200, which aligns with a solid gross rental yield estimate in this market. Verify roof and major systems during due diligence, but market indicators suggest this home is well-positioned for resale or conversion to a higher-yielding asset after modest investment.
Single Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 1,685 SF smaller
- 4 fewer bedrooms
- 2 fewer bathrooms
What the research supports — and what is still worth verifying.
Key findings
- Assessed value of $125,800 aligns with market estimates
- Comparable sales within 0.5 miles range from $107,700 to $130,662
- Average days on market in the area: 51 days
- Schools have average ratings; families may consider private options
- Stable population with modest income levels in the vicinity
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify renovation permits were properly pulled
- Confirm historic overlay restrictions
- Professional home inspection
- Roof condition assessment
What stands out about this property.
Interior Features
- Original woodwork and built-in trim
- Sunroom with gas heater
- 4 bedrooms, 2 full bathrooms
- Forced air gas heating
- Central air conditioning
- Partially unfinished basement for storage or finishing
- 1.5-story Craftsman bungalow floorplan
Exterior & Lot
- Fenced backyard
- 1-car detached garage and driveway
- Level 6,040 sq ft lot (approx. 0.14 acres)
- 40 ft frontage on South 10th Street
- Asphalt shingle roof (age to be verified)
Location & Neighborhood
- South 13th Street Neighborhood, Terre Haute
- Farrington Grove Elementary (0.4 mi)
- Sarah Scott Middle School (0.4 mi)
- Terre Haute South Vigo High School (1.7 mi)
- Close to Deming Park (2.5 mi) and Honey Creek Mall (3.0 mi)
- Convenient access to local retail corridor on South 10th Street
Walkability & Recreation
- Walkability Rating: 64/100 — Some errands and schools within walking distance
- Nearby parks and green spaces: Deming Park (2.5 miles)
- Hiking and biking: local neighborhood routes and park trails nearby
- Golf courses: regional courses within a short drive
- Running/walking paths and community recreation options within 3–5 miles
- Community recreation facilities and mall shopping within a short drive
Sources & research confidence.
See where the property research came from and how confidence varies by field.