Property listing for 316 West Depot Street, Bainbridge, Indiana 46105
For SaleSingle Family Home

$194,500

316 West Depot Street, Bainbridge, Indiana 46105

Updated 3-Bed Ranch Steps from Bainbridge Elementary School

3 Bed · 1.5 Bath · 1,300 Sq Ft

Practical ranch living with storage outbuilding and attached garage

3

Beds

1.5

Baths

1,300

Sq Ft

1983

Built

0.19 acres

Lot

Attached garage (2 cars, estimated)

Garage

About 316 West Depot Street

This single-story ranch delivers straightforward, comfortable living on a level 0.19‑acre lot in quiet Bainbridge. From the street the home reads as practical and well cared for: a simple roofline with an attached garage and a small storage barn behind the house. Inside, roughly 1,300 square feet are arranged for ease—a large living room opens toward an open-concept kitchen and dining area, creating a central gathering zone for everyday routines.

Three bedrooms and 1.5 baths make this home versatile for families, downsizers, or investors. The primary suite includes a private bath, while a generous laundry room and abundant closet space add real functionality. Mechanical updates include a new HVAC system installed in 2014, which reduces short‑term service needs and improves year‑round comfort. The house is built on a slab (no basement) and has a mix of baseboard and forced-air electric heating with central cooling.

Outdoors, the lot is level and easy to maintain—ideal for a small garden, play area, or room to park an RV or trailer. The mini barn behind the property gives extra storage for tools and seasonal gear without turning the yard into a storage lot. Driveway parking and the attached garage serve daily needs and simplify winter mornings.

Location is a standout: Bainbridge Elementary is only a few blocks away (about 0.2 miles), and both North Putnam Middle and North Putnam Senior High are within a short drive. The town’s small‑town character means errands are simple and community amenities are nearby. Note: the property is currently in foreclosure proceedings with an auction scheduled; buyers should perform full due diligence, including title review and a professional inspection. Given recent comparable sales across Bainbridge and the home’s mechanical update, this ranch represents a realistic opportunity for an owner-occupant or investor willing to act with informed caution.

Home Highlights

3 bedrooms, 1.5 baths in single-story ranchApproximately 1,300 sq ftNew HVAC installed in 2014Attached garage and driveway parkingMini barn for extra storageLevel, easy-maintenance 0.19-acre lotClose to Bainbridge Elementary (0.2 mi)Foreclosure opportunity—auction scheduled (due diligence required)

Property Features

Interior Features

  • Open-concept kitchen and dining area
  • Large living room
  • Primary bedroom with private bath
  • 1,300 square feet, single-story ranch layout
  • Large laundry room
  • 1.5 bathrooms
  • Central cooling
  • Heating: baseboard and forced-air electric
  • No basement

Exterior & Lot

  • Level 0.19-acre lot (8,276 sqft)
  • Attached garage with driveway parking (estimated 2 spaces)
  • Mini barn / outbuilding for extra storage
  • Asphalt shingle roof
  • Standard residential frontage on West Depot Street
  • Easy-maintenance yard

Location & Neighborhood

  • Bainbridge Elementary School (0.2 mi)
  • North Putnam Middle School (2.2 mi)
  • North Putnam Senior High School (2.3 mi)
  • Quiet residential street with nearby community amenities
  • Putnam County — Indianapolis-Carmel-Anderson MSA
  • Town zoning: single-family residential

Walkability & Recreation

  • Walkability Rating: 55/100 — Some Walkable Amenities
  • Nearby parks and community green spaces
  • Local school fields and sidewalks suitable for daily strolls
  • Short drives to regional outdoor recreation in Putnam County
  • Community recreation facilities at nearby schools

Neighborhood & Location

Bainbridge is a small, close-knit town where school functions and local events shape community life. Homes here are primarily single-family and sit on modest, easy-to-manage lots. Families value proximity to North Putnam Community Schools—especially Bainbridge Elementary, just blocks from this property. Daily errands are straightforward and neighbors tend to know one another. While major retail and entertainment are a short drive into larger towns, Bainbridge offers a slower pace, strong school connections, and easy access to regional recreation in Putnam County.

Market Insights

Bainbridge sits inside the Indianapolis‑Carmel‑Anderson MSA but functions like a small, stable market of its own. The town’s median listing price sits near $275,000 while properties average approximately 73 days on market—a sign of moderate buyer interest and steady turnover. Recent nearby sales include newly built 3‑bed homes in the $275k–$298k range, which reflect premium pricing for new construction versus existing-stock ranches. Sales-comparison analysis for this property places a reasonable market range between $181,000 and $208,000 and a midpoint estimate of roughly $194,500.

For this property type (single-family ranch, ~1,300 sq ft), demand is solid among local buyers seeking affordability close to schools and community services. Inventory is neither extremely thin nor oversupplied; the 73‑day average DOM suggests buyers have time to evaluate but can act decisively on attractive opportunities. The foreclosure status introduces both upside (potential below-market acquisition) and risk (possible deferred maintenance or title complications). Rental comparables show a healthy market for 3‑bed units—estimated rent around $1,575/month—making this attractive to investors seeking cash flow after needed repairs. In short: this is a moderate seller’s/balanced market where an informed buyer can secure value if they complete thorough inspections and title due diligence.

Nearby Schools

Bainbridge Elementary School

Elementary · 0.2 mi

6/10

North Putnam Middle School

Middle · 2.2 mi

5/10

North Putnam Senior High School

High · 2.3 mi

10/10

Walkability & Recreation

55
Walkability
60
Recreation

Moderate access to outdoor recreation with nearby parks, school fields for casual play and walks, and additional Putnam County trails and green spaces a short drive away.

Investment Highlights

  • New HVAC system installed in 2014
  • Located in a quiet residential neighborhood
  • Proximity to local schools and community amenities
  • Significant appreciation potential based on recent sales
  • Foreclosure status may present a below-market purchase opportunity

Key Findings

  • Assessed value of $89,000 appears below market
  • Last sold in 2016 for $88,000
  • Comparable sales suggest current value between $181,000 and $208,000
  • Located near Bainbridge Elementary School (0.2 mi)
  • Foreclosure auction scheduled for June 3, 2026

Things to Consider

  • Property is currently in foreclosure proceedings
  • Potential for unknown maintenance issues due to foreclosure status
  • Limited recent interior updates beyond HVAC system
  • Market time of 73 days may indicate moderate demand in the area

Opportunity Analysis

Well-maintained ranch home in a stable market with recent HVAC update and potential for value appreciation. Foreclosure status may allow for below-market acquisition.

Potential Use Scenarios

  • Acquire at foreclosure auction for potential below-market pricing
  • Conduct thorough due diligence, including home inspection and title review
  • Consider as a primary residence or rental property in a stable community

Risk Factors

  • Foreclosure status may indicate deferred maintenance
  • Potential competition at auction affecting final purchase price
  • Market time of 73 days suggests moderate demand

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

AI Valuation Estimate

Low

$181K

Midpoint

$195K

High

$208K

$149/SF estimated price per square foot

80% confidence

Sales comparison approach using recent sales of similar properties in Bainbridge. Adjusted for size, condition, and recent updates. Assessed value of $89,000 appears below market.

As of 2026-05-16

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$275,000
Avg Days on Market73 days

Demographics

Population (1 mi)1,741

Bainbridge is a small town with a stable population and a middle-class socioeconomic profile.

Nearby Points of Interest

  • Bainbridge Elementary School (0.2 mi)
  • North Putnam Middle School (2.2 mi)
  • North Putnam Senior High School (2.3 mi)

Located in a quiet residential neighborhood with proximity to local schools and community amenities.

School District

DistrictNorth Putnam Community Schools
ElementaryBainbridge Elementary School (6/10)
MiddleNorth Putnam Middle School (5/10)
HighNorth Putnam Senior High School (10/10)

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

Property Details

Building Details

Year Built1983
Constructionframe
Stories1
Roofasphalt_shingle
Heatingbaseboard, forced air, electric
Coolingcentral
Basementnone
FireplaceNo
Conditionaverage

Lot & Site

Lot Size0.19 acres (8,276 SF)
Topographylevel
Parkingattached_garage_and_driveway
Parking Spaces2
FrontageStandard residential frontage on West Depot Street

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasVectren Energy

Zoning & Land Use

DescriptionResidential
JurisdictionTown of Bainbridge

Allowed Uses

single family residential
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$89,000
Land$89,000
Annual Tax (2024)$457

Sale History

2016-09-21$88,000

$68/SF

Sold at $68 per square foot

2016-07-28$89,900

$69/SF

Pending sale at $69 per square foot

2016-05-16$89,900

$69/SF

Listed for sale at $69 per square foot

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