Hidden speakeasy, transformed church among $500K homes for sale in Indiana in July
Update: The Fed left a key interest rate unchanged on Wednesday while signaling a possible rate cut in September.
The lack of inventory in the Indiana housing market has kept prices higher than in recent years throughout 2024, according to market data from the MIBOR Realtor Association.
The median single-family residence in Central Indiana in June cost $320,000, up just slightly from May's median of $315,000, but significantly above June 2021's $250,245. There were 3,328 new single-family residence listings in June this year, down about 300 from May but still more than double what was available as recently as December 2023.
Let's take a look around the state at a few examples of what a buyer in the $500,000 range can find on the market around Indiana in July. And for comparison, here's what the same market looked like this time last year, in the fall of 2023, this winter and this spring.
Historic Indianapolis home with a hidden speakeasy
This historic Indy home built in 1885 has been beautifully renovated to include some very unique features. Namely, the top on the large kitchen island slides back to reveal a set of stairs leading down to your own personal speakeasy.
The basement bar has a built-in wine rack, extra storage and the potential to make your Instagram followers very jealous. The kitchen also features custom lighting and cabinets, stainless steel appliances and tons of unique concrete counter space.
Elsewhere in the 3 bedroom, 3 bath house with more than 2,800 sq ft of space you'll find an oversized loft, a massive garage (especially for Fountain Square) for up to four cars and a large, fully-fenced private backyard. It's on sale for $525,000.
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Spacious Indianapolis home by a quiet pond
This home in Eagle Creek has been fully updated, has a stylish basement with an included pool table, and gives you 4,102 sq ft of space to spread out.
With 4 bedrooms and 2.5 baths, the open-concept kitchen with a huge island leads into the living room with vaulted ceilings and an eye-catching brick wall with a fireplace and mantle. The oversized 2.5 car garage is heated, has a second electric panel and a charger for an electric vehicle.
Outside you'll find a peaceful escape with mature trees surrounding a large patio and grassy backyard. At the edge of the yard you'll find a picture-perfect pond that will make you want to spend the day in the hammock. It's listed for $535,000.
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Historic church transformed in Bloomington
One of the most unique inclusions on the list is a Bloomington home that began as a church built in 1942. The transformation includes 3 en-suite bedrooms with full baths.
The main living area has soaring ceilings with wood accents and a custom 11 ft. sliding barn door to separate the living space from the bedroom wing. Downstairs you'll find an area that could be used as separate living quarters thanks to a separate entry, full bath, flex room and plumbing available.
It's on sale for $500,000 and features a lengthy list of new amenities and upgrades.
Avon home with movie room, backyard oasis
This Avon home is listed for $509,000 and boasts more than 3,700 sq ft of space inside and a backyard oasis outside.
The 4 bedroom, 3.5 bath with a 3-car garage has recently updated countertops in the kitchen, an inviting fireplace in the living room and a finished basement with a wet bar that is the perfect spot for a home theater.
In the back, you'll find a screened-in porch leading out to a concrete deck, fully-fenced yard with a swim spa and plenty of grass for the kids or pups.
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Refreshed historic South Bend home with guest house
Originally built in 1874, this turn-key home sits on nearly three acres just minutes from Notre Dame.
Combining historic charm with modern amenities, the 4 bedroom 2 bath house has an open kitchen, large living room with a stone fireplace, and a closet in the main bedroom big enough to be an office.
On the 2.89-acre lot, you'll also find a 20 x 40 pole barn/garage, an in-ground pool and a guest house with a full bathroom and kitchen.
This article originally appeared on Indianapolis Star: Indiana real estate: See inside five $500K homes around the state
