$194,500
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
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.
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.
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.
Bainbridge Elementary School
Elementary · 0.2 mi
North Putnam Middle School
Middle · 2.2 mi
North Putnam Senior High School
High · 2.3 mi
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.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$181K
Midpoint
$195K
High
$208K
$149/SF estimated price per square foot
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.
Bainbridge is a small town with a stable population and a middle-class socioeconomic profile.
Located in a quiet residential neighborhood with proximity to local schools and community amenities.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$68/SF
Sold at $68 per square foot
$69/SF
Pending sale at $69 per square foot
$69/SF
Listed for sale at $69 per square foot
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