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2912 Outer Drive

New Castle, IN 47362

PendingListed Apr 24, 2026 · 69 days on market

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
Attic Pull Down Stairs
Basement
Full
Rooms
7
Main-level bedrooms
3

Exterior

Construction
Stone
Foundation
Full
Style
Ranch
Parking and garage
Attached

Systems

Water
Private

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

$829per month, estimated
Principal and interest $705Property tax $74Insurance $49
20% · $27,980
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$139,900
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