403 N Melville Street
Rensselaer, IN 47978
- 8 beds
- 2 baths
- 2,016 sqft
- ~1/2 acre lot
- $123 per sqft
- 1990 build
- – on site
Discover an exceptional opportunity to own this modular structure (currently being used as an office but with a little elbow grease could easily be turned into a spacious home!) located in the heart of Rensselaer, Indiana right across from Columbia Park. This ranch-style property is currently zoned industrial, but should be eligible for residential rezoning by the city of Rensselaer. (See agent remarks for more details.)The interior of the building features just over 2000 sf of space (currently split into 8 offices which could be potentially be converted to bedrooms) as well as a reception area perfect for conversion to a living room; a kitchenette, 3/4 bath and 1/2 bath. Building will need a little work to convert to a residence, and WILL REQUIRE REZONING THROUGH THE CITY prior to appraisal and closing, but has tons of potential. Seller will add closets to offices to qualify the rooms as bedrooms for loan purposes.
Last checked:
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Last updated Oct 13, 2024
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MLS# 811533 —
The Building
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Year Built:1990
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New Construction:false
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Architectural Style:Ranch
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Structure Type:Modular Home
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Patio And Porch Features:None
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Levels:One
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Basement:false
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Above Grade Finished Area:2016
Interior
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Room Type:Office, Other Room
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Interior Features:None
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Fireplace:false
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Laundry Features:None
Room Dimensions
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Living Area:2016
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Living Area Source:Assessor
Location
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Directions:231 North to W. Washington Street; Right on W. Washington. W. Washington to N. McKinley Street, Left on N. McKinley. N. Mckinley to E. Elm St., right on E. Elm to North Melville St. Property is at the corner of N. Melville St. and E. Elm.
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Latitude:40.942047
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Longitude:-87.141433
The Property
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Parcel Number:370720000001055027
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Property Subtype:Single Family Residence
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Property Condition:Fixer
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Property Attached:false
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Lot Features:Corner Lot, Level
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Lot Size Acres:0.451
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Lot Size Square Feet:19646
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Lot Size Dimensions:144x124
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Lot Size Source:Assessor
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Zoning Description:Industrial
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Additional Parcels:false
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View:Park/Greenbelt
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Exterior Features:None
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Fencing:None
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Waterfront:false
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (219) 775-0869
- Office phone:
- (219) 558-0469
Taxes
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Tax Year:2023
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Tax Annual Amount:398
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Tax Assessed Value:32600
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Tax Legal Description:RCCP LOTS 6, 7 LOT 10 EXC SW COR, BLK 7
Beds
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Total Bedrooms:8
Baths
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Total Baths:2
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Three Quarter Baths:1
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Half Baths:1
Heating & Cooling
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Heating:Forced Air
Utilities
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Electric:100 Amp Service
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:None
The Community
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Subdivision Name:Rensselaer Comm Club
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Senior Community:false
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Community Features:None
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Pool Features:None
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Association:false
Parking
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Garage:false
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Parking Features:Gravel, Parking Lot, Outside
Monthly cost estimate
Asking price
$249,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,338
|
| Taxes | $33 |
| Insurance | $68 |
| Utilities | $175 See report |
| Total | $1,614/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/11/24
Oct 11, 2024
|
Listed / Active | NIRA | $249,900 |
