Updated 1900-era two-story with hardwoods, detached 2-car garage
Sales comparison approach using recent sales of similar properties in Russellville. Adjusted for size, condition, and lot size. Assessed value of $112,400 appears below market.
This is a home that reads large—2,560 square feet across two stories and sited on a level half-acre parcel with frontage on 2nd Street. Built in 1900 and thoughtfully updated, the house balances historic scale with practical modern upgrades: an updated kitchen and renovated bathrooms, wide-plank hardwood floors that run through the principal rooms, central air, and forced-air heat. Living spaces are generous and flexible, offering distinct rooms for family gatherings and quiet corners for work or reading.
Downstairs centers on a well-proportioned living room and a dining area that can host weekday meals or holiday dinners. The updated kitchen—one of the home's most used spaces—pairs newer finishes with a layout that supports both everyday routines and larger gatherings. Two full bathrooms have been refreshed to reduce near-term maintenance, and original-era details remain in place where they enhance character.
Upstairs houses the three bedrooms, each sized to fit full or queen beds and storage. The unfinished basement provides ready storage or a future workshop zone, while the detached two-car garage and additional driveway parking answer the needs of vehicles and lawn equipment. The roof is asphalt shingle and utilities include municipal water and sewer, Duke Energy electric, and Vectren gas.
Outside the half-acre lot opens possibilities: room for a vegetable garden, a play area, or an expansion project. The property sits a short walk from Russellville Community Center (≈0.2 mi) and Russellville Park (≈0.3 mi), giving homeowners green space and community programming within easy reach. For families, the North Putnam schools serve the town; North Putnam Sr High is noted locally for strong outcomes.
Practical investors and owner-occupants will note the assessed value that trails market indications and a valuation analysis that places fair market between $180,000–$220,000 (midpoint $200,000). The property was listed for auction in early May 2026—interested buyers should confirm auction terms and complete on-site inspections and title review. This is a rare combination in Russellville: a spacious, updated historic home on a large lot in a quiet small-town setting.
204 2nd Street, Russellville, Indiana 46175
Russellville is a small, close-knit town where community amenities are within easy reach. Residents enjoy the town park and community center just steps from this property, local events, and the quieter pace of Putnam County living. Families benefit from access to North Putnam Community Schools, including a highly regarded high school, while daily needs and larger shopping options are a short drive away. The neighborhood is primarily residential—quiet streets, level lots, and a strong small-town community feel.
Strong immediate access to Russellville Park and the community center within walking distance, with additional regional outdoor amenities a short drive away.
Russellville's market today reads as balanced with a tilt toward steady demand. Local metrics show roughly 3 months of inventory and an average days on market near 45 — figures consistent with a market where sellers can find buyers relatively quickly but where buyers still have time to assess opportunities. Median sale prices in the immediate area cluster around $150,000, while our property-level sales-comparison analysis places this 3BR/2BA at an estimated $180k–$220k (midpoint $200k), reflecting size and lot-premium adjustments.
Single-family homes in Putnam County and Russellville typically appreciate at modest rates; recent data indicates ~3% one-year appreciation and about 15% over five years, pointing to gradual, stable growth rather than rapid inflation. Rental comps show estimated monthly rents near $1,100–$1,200 and a gross yield around 7.2% for similar homes — a reasonably attractive figure for buy-and-hold investors in a small-town context.
Given low inventory and the property’s large lot and recent interior updates, now is a sensible window for buyers seeking value and for investors who favor stable yields. Buyers should note this listing moved to auction in May 2026; that process can accelerate timelines and create bidding competition, so confirm auction details and complete due diligence (inspections, permits, title) before committing.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Context only—not an investment recommendation or guarantee of achievable rent.
Routine buyer due diligence items; these are not known defects.
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