Property listing for 1506 South 10th Street, Terre Haute, IN 47802
For SaleSingle Family Home

$119,181

1506 South 10th Street, Terre Haute, IN 47802

Craftsman Bungalow with Sunroom, Original Woodwork, & Garage

4 Bed · 2 Bath · 2,041 Sq Ft

Historic 4BR/2BA home on a deep lot close to schools and parks

4

Beds

2

Baths

2,041

Sq Ft

1900

Built

0.14 acres

Lot

1-car detached

Garage

About 1506 South 10th Street

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.

Home Highlights

Craftsman-era original woodwork and built-insSunroom with gas heaterFenced backyard with level yard1-car detached garage plus drivewayUnfinished basement with expansion potentialCentral AC and forced-air gas heatingR-1 zoning allowing accessory dwelling potential

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Farrington Grove Elementary School

Elementary · 0.4 mi

3/10

Sarah Scott Middle School

Middle · 0.4 mi

5/10

Terre Haute South Vigo High School

High · 1.7 mi

4/10

Walkability & Recreation

64
Walkability
62
Recreation

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.

Investment Highlights

  • Significant appreciation since 2019 purchase at $50,000
  • Original woodwork and sunroom add charm and functionality
  • Fenced backyard and detached garage provide additional amenities
  • Proximity to schools, parks, and shopping centers enhances convenience
  • Potential for additional storage or finishing in the unfinished basement

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

Things to Consider

  • Built in 1900 — foundation, plumbing, and electrical systems should be inspected
  • Schools have average ratings; may impact family buyer interest
  • Roof age unknown — asphalt shingle roofs typically last 20-25 years
  • Unfinished basement may require additional investment for finishing
  • Limited parking with only a 1-car detached garage and driveway

Opportunity Analysis

Well-maintained historic home in a stable Terre Haute neighborhood with significant appreciation potential. Proximity to amenities and potential for basement finishing create additional upside. Balanced market conditions suggest steady resale trajectory.

Potential Use Scenarios

  • Potential primary residence with historic charm and modern amenities
  • Unfinished basement offers opportunity for additional living space or rental unit
  • Comparable rentals suggest estimated rent of $1,200/mo if used as investment property

Risk Factors

  • 1900 construction — hidden maintenance costs possible
  • Average school ratings may deter some family buyers
  • Limited parking may impact desirability for multi-car households

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$108K

Midpoint

$119K

High

$131K

$58.38/SF estimated price per square foot

82% confidence

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.

As of 2026-07-09

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$183,000
Avg Days on Market51 days
Inventory2.5 months
1-Year Appreciation+3.0%

Demographics

Population (1 mi)12,500
Median Income (1 mi)$45,000

Stable population with modest income levels. Walkability Rating estimate: 64/100.

Nearby Points of Interest

  • Farrington Grove Elementary School (0.4 mi)
  • Sarah Scott Middle School (0.4 mi)
  • Terre Haute South Vigo High School (1.7 mi)
  • Deming Park (2.5 mi)
  • Honey Creek Mall (3.0 mi)

Conveniently located near schools, parks, and shopping centers. Deming Park offers recreational facilities, and Honey Creek Mall provides various retail options.

School District

DistrictVigo County School Corporation
ElementaryFarrington Grove Elementary School (3/10)
MiddleSarah Scott Middle School (5/10)
HighTerre Haute South Vigo High School (4/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1900
Constructionconcrete block
Stories1.5
Roofasphalt shingle
Heatingforced air gas
Coolingcentral AC
Basementunfinished
FireplaceNo
Conditionaverage

Lot & Site

Lot Size0.1387 acres (6,040 SF)
Topographylevel
Parkingdetached_garage_and_driveway
Parking Spaces1
Frontage40 ft frontage on South 10th Street

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasVectren Energy

Zoning & Land Use

Zoning CodeR-1
DescriptionSingle Family Residential
JurisdictionCity of Terre Haute

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$125,800
Land$9,500
Improvements$116,300
Annual Tax (2025)$1,188.5

Sale History

2019-12-06$50,000

$18.57/SF

Arm's length transaction

2008-03-10$0

Transaction details not fully available

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