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420 Phelps Drive

New Castle, IN 47362

ActiveListed Jun 23, 2026 · 92 days on market

Key facts

Beds
3
Baths
2 full
Living area
1,518 sqft
Lot
0.37 acres
Year built
1976
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22109247
County
Henry
Subdivision
Penterville

About this home

Welcome home to this beautifully maintained, low-maintenance ranch featuring attractive limestone and vinyl exterior finishes. Offering 3 bedrooms and 1.5 baths, this move-in-ready property combines comfort, convenience, and practicality. The spacious kitchen and dining area provide an open, inviting atmosphere that flows seamlessly into both the main living room and the cozy family room, highlighted by a charming brick hearth. The home's all-electric mechanical systems include an efficient heat pump, complemented by supplemental baseboard heat for personalized room-to-room comfort. Outside, you'll find a 2-car attached garage along with a handy outbuilding that's perfect for lawn and garden equipment, workshop space, or additional storage. Relax on the open rear deck while enjoying peaceful evenings surrounded by several mature shade trees that add beauty and comfort to the property. If you're looking for a well-cared-for home with great living space, attractive outdoor amenities, and easy maintenance, this is an opportunity you won't want to miss!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerElectric Water HeaterExhaust FanMicrowaveElectric OvenRefrigeratorWasherWater HeaterWater Softener Owned
Interior features
Attic Pull Down StairsBreakfast BarEat-in Kitchen
Fireplaces
1
Laundry
Main Level
Windows
Vinyl Windows
Rooms
7
Main-level bedrooms
3

Exterior

Construction
Stone
Foundation
Crawl Space
Style
Traditional
Parking and garage
AttachedCarportGarage Door OpenerDetached
View
Trees/Woods

Systems

Heating
BaseboardElectricForced Air
Cooling
Central Air
Water
Private

Schools

Elementary school
Blue River Valley Elementary Sch
High school
Blue River Valley Jr-Sr High Sch
School district
Blue River Valley Schools

Taxes

Estimated annual tax
$1,118 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,440per month, estimated
Principal and interest $1,260Property tax $93Insurance $87
20% · $49,980
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$249,900
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