Key facts
- Beds
- 3
- Baths
- 1 full
- Living area
- 1,119 sqft
- Lot
- 5.99 acres
- Year built
- 1961
- Type
- Residential · Single Family Residence
- Stories
- One
- Garage
- 2 spaces
- MLS #
- 22097760
- County
- Henry
- Subdivision
- Metes & Bounds
- Total building area
- 2,238 sqft
About this home
Great opportunity on nearly 6 acres located on the edge of town! Much of the property is wooded, offering privacy, space, and plenty of potential. The stone ranch features 3 bedrooms, a large living room, dining area, kitchen, 2-car attached garage, and a full basement. The main level offers 1,119 sq ft, with an additional 1,119 sq ft in the basement. The property does need renovation and updating, and the basement is currently flooded. There are also several outbuildings located in the wooded area that will need attention and/or removal. The west end of the large barn appears newer, has a concrete slab, and may be salvageable. Outer Drive becomes 200 South as you travel farther from town. With nearly 6 acres, a solid location, and plenty of upside, this is a great opportunity for someone with vision. Priced accordingly for the condition, acreage, and potential. This is the site of the former New Castle Sawmill. Property had 3 phase power and is zoned I2 (industrial zoning).
Description provided by the listing brokerage.
Interior
- Interior features
- Basement
- Rooms
- 7
- Main-level bedrooms
- 3
Exterior
- Construction
- Foundation
- Style
- Parking and garage
Systems
- Water
Schools
- Middle school
- New Castle Middle School
- School district
- New Castle Community School Corp
Taxes
- Estimated annual tax
- $892 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2026
Estimate your monthly payment
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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