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4200 S Memorial Drive

New Castle, IN 47362

ActiveListed Jul 17, 2024 · 756 days on market

Key facts

Lot
2.51 acres
Type
Land · Unimproved Land
MLS #
21991022
County
Henry
Subdivision
No Subdivision

About this home

City water and sewer connection available! Private well already onsite. Prime Location! Take advantage of this rare opportunity to purchase this 2.5 acre lot with endless potential! Approximately 400' of State Road 3 Road Frontage. Surrounded on all four sides by road frontage makes accessibility ideal. Electric and Gas available for connection.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Water
Private
Sewer
Public Sewer

Lot and HOA

Lot features
Corner Lot
Zoning
commercial

Schools

Elementary school
James Whitcomb Riley Elem School
Middle school
New Castle Middle School
High school
New Castle High School
School district
New Castle Community School Corp

Taxes

Estimated annual tax
$5,934 / yearTwice the semi-annual installment the listing reports.
Tax year
2023

Estimate your monthly payment

$3,899per month, estimated
Principal and interest $3,183Property tax $495Insurance $221
20% · $126,300
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$631,500
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