3806 S State Road 3 New Castle, IN 47362
Property details
About 3806 S State Road 3
Updated Farmhouse on 2+ Acres!!! Opportunity awaits at this prime Mixed Use property located on State Road 3, just 2.5 miles south of I-70 and 50 minutes from Indianapolis. This versatile property features a well-equipped auto shop with three bays, a car lift, and excellent road frontage, perfect for attracting business. Included is a beautifully renovated 2,196 sq. ft. farmhouse offering a blend of modern comforts and rustic charm. The home boasts an attached four-car garage, providing ample storage and convenience. Additionally, the property includes a horse barn with 5 stalls, a tack room, and an inground pool, all set on 2.09 acres. This unique property combines residential comfort with commercial potential, making it an ideal investment for those seeking a multi-use space in a strategic location. Don't miss this chance to own a property that offers both a renovated farm house and a business opportunity.
Highlights
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Total Bedroom Count: 3
- Garage Space: 4 spaces
- Attached Garage: No
- Exterior: Aluminum, Brick
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- List Price: $469,400
- Price/SqFt: $130
- Annual Tax Amount: $1,768
- Tax Year: 2023
- Lot: Other
- Directions: GPS Friendly
- Year Built: 1936
- Lot Size: 2.09 Acres
- MLS Number: 202516227
- Office Name: Mark Dietel Realty, LLC
- Office Email: offers@markdietel.com
- Listing Agent: Vince Ferguson
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/24/2025, 10:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$469,400
3806 S State Road 3
$5,574
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $165,600 | $1,768 |
| 2021 | $144,500 | $1,698 |
| 2020 | $143,700 | $1,613 |
| 2019 | $143,300 | $1,398 |
| 2017 | $140,200 | $1,410 |
History based on county public records data.
Nearby schools
7
James Whitcomb Riley Elementary School
Public District KG-6
1.7 mi
•1201 Riley Rd
2
Sunnyside Elementary School
Public District KG-4
2.3 mi
•2601 S 14th St
4
Parker Elementary School
Public District KG-6
2.6 mi
•1819 Roosevelt Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,862. Typical income of New Castle, IN residents is less than $<35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Extreme Sports
NASCAR
Where do the neighbors shop?
Kmart
Academy Sports & Outdoors
Stein Mart
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Cracker Barrel
What do the neighbors drive?
Buick
Chevrolet
Ram
What do the neighbors listen to?
Oldies
Country
Adult Standards
Frequently asked questions
About 3806 S State Road 3
The listing price of 3806 S State Road 3 property is $469,400.
The property 3806 S State Road 3 is a house located in New Castle, Indiana, 47362.
Active Listing: 3806 S State Road 3 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3806 S State Road 3 are: James Whitcomb Riley Elementary School (GreatSchools Rating 7/10), Sunnyside Elementary School (GreatSchools Rating 2/10), Parker Elementary School (GreatSchools Rating 4/10), New Castle Middle School (GreatSchools Rating 5/10), Knightstown Intermediate School (GreatSchools Rating 5/10), Mays Community Academy (GreatSchools Rating 4/10), New Castle High School (GreatSchools Rating 4/10), Tri Junior-Senior High School (GreatSchools Rating 3/10), Blue River Valley Jr-Sr High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $1,768 (source: MLS/based on county public records data).
The property at 3806 S State Road 3 has 3 bedrooms and 1 full and 1 half bathrooms.
The year of construction for 3806 S State Road 3 is 1936.
This home is located at 3806 S State Road 3 in New Castle, IN and zip code 47362. This home, which was built in 1936, sits on a 2.09 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 6, 2025 and is currently priced at $469,400.
In May 2025 more than 8 listings in New Castle, IN were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 23 were sold below. The inventory of homes for sale in New Castle, IN between April and May 2025 increased by 9.2%. While the average time on the market in May 2025 was 86 days, the median list price was $153,875.