Homes/Indiana/Bainbridge/316 West Depot Street
CompCasa Property Analysis · single_family

316 West Depot Street

Updated 3-Bed Ranch Steps from Bainbridge Elementary School

Practical ranch living with storage outbuilding and attached garage

3 beds1.5 baths1,300 sq ftBuilt 19830.19 acresattached
CompCasa valuation analysis
Estimated market value
$194,500
Low $181,000 · Midpoint $194,500 · High $208,000
Confidence80%Sales comparison approach
Last recorded sale$88,000Sep 21, 2016
Assessed value$89,0002024 assessment
CompCasa estimate$194,500May 16, 2026
Estimate vs. last recorded sale+$106,500 / +121.0%
$181,000$194,500 midpoint$208,000
Price / sq ft$149
Median sale price$275,000
Avg days on market73 days

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.

About the property

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$298,000
Property address404 E College St, Bainbridge, IN 46105
3 bed2 bath1,232 sq ftBuilt 20250.5 mi9,148 sq ft lot$242/SF
Sold Apr 15, 2026
Subject difference
  • 68 SF smaller
  • 0.5 additional bathrooms
  • 872 SF larger lot
  • 42 years newer
Research comparison noteNew construction with modern finishes
02Sold price$275,000
Property address406 E College St, Bainbridge, IN 46105
3 bed2 bath827 sq ftBuilt 20250.5 mi9,583 sq ft lot$332/SF
Sold Mar 20, 2026
Subject difference
  • 473 SF smaller
  • 0.5 additional bathrooms
  • 1,307 SF larger lot
  • 42 years newer
Research comparison noteNew construction with fresh modern interior
03Sold price$229,900
Property address223 Circle Dr, Bainbridge, IN 46105
3 bed1.5 bath1,320 sq ftBuilt 19750.3 mi6,970 sq ft lot$174/SF
Sold Feb 10, 2026
Subject difference
  • 20 SF larger
  • 1,306 SF smaller lot
  • 8 years older
Research comparison noteRecently remodeled with updated features
Comp methodology: Comparable sales and rentals were selected based on proximity, size, and condition to provide an accurate market valuation.
Property details

A 1983 ranch on 0.19 acres.

Building

Year built1983
ConstructionFrame
RoofAsphalt Shingle
Heatingbaseboard, forced air, electric
Coolingcentral

Site & utilities

Lot size0.19 acres
Garageattached
Stories1
ConditionAverage
BasementNone
FireplaceNo
Improvement notes3 bedrooms, 1.5 bathrooms, open-concept kitchen and dining area, large living room, master bedroom with private bath, large laundry room, attached garage, mini barn for additional storage, new HVAC in 2014
Lot area8,276 sq ft
TopographyLevel
FrontageStandard residential frontage on West Depot Street
ParkingAttached Garage And Driveway
Parking spaces2
Parking notesAttached garage with driveway parking
AccessStandard residential driveway from West Depot Street
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasVectren Energy
Location & nearby

Bainbridge, IN

Researched nearby locations

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

Location

316 West Depot Street, Bainbridge, Indiana 46105

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryBainbridge Elementary School (6/10)
Middle schoolNorth Putnam Middle School (5/10)
High schoolNorth Putnam Senior High School (10/10)
School districtNorth Putnam Community Schools
Market context

A factual market snapshot around 316 West Depot Street.

Median sale price$275,000
Avg days on market73 days
Editorial market perspective

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.

Zoning & land use

Residential

Zoning

DescriptionResidential
JurisdictionTown of Bainbridge
Assessor useSingle Family Residential
Current useResidential

Research-indicated uses

  • Single Family Residential
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$89,000
Total assessed$89,000
Assessment year2024
Annual property tax$457
Tax year2024

Sale history

2016-09-21$88,000 · $68/SF
2016-07-28$89,900 · $69/SF
2016-05-16$89,900 · $69/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$1,500/mo
Property address201 W Main St, Bainbridge, IN 46105
3 bed2 bath1,090 sq ft$1.38/SF
Leased Jan 15, 2026
Subject difference
  • 210 SF smaller
  • 0.5 additional bathrooms
Research comparison noteCompletely renovated with modern amenities
02Monthly rent$1,400/mo
Property address313 Quinn St, Bainbridge, IN 46105
3 bed1 bath1,221 sq ft$1.15/SF
Leased Dec 1, 2025
Subject difference
  • 79 SF smaller
  • 0.5 fewer bathrooms
Research comparison noteSpacious lot with detached garage
Research findings & due diligence

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
Highlights & features

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Zillow property details and tax historyView source
2
Realtor.com market data and comparable listingsView source
3
Auction.com foreclosure auction detailsView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.