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.
Updated 3-Bed Ranch Steps from Bainbridge Elementary School
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.
See the properties helping shape the valuation.
Comparable sales
- 68 SF smaller
- 0.5 additional bathrooms
- 872 SF larger lot
- 42 years newer
- 473 SF smaller
- 0.5 additional bathrooms
- 1,307 SF larger lot
- 42 years newer
- 20 SF larger
- 1,306 SF smaller lot
- 8 years older
A 1983 ranch on 0.19 acres.
Building
Site & utilities
Bainbridge, IN
Researched nearby locations
Location
316 West Depot Street, Bainbridge, Indiana 46105
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.
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.
A factual market snapshot around 316 West Depot Street.
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.
Residential
Zoning
Research-indicated uses
- Single Family Residential
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
- 210 SF smaller
- 0.5 additional bathrooms
- 79 SF smaller
- 0.5 fewer bathrooms
What the research supports — and what is still worth verifying.
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
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify foreclosure auction details and procedures
- Conduct professional home inspection
- Review title and lien status
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.