$109,900
$18K PRICE DROP

402 N Michigan St Argos, IN 46501

Estimated payment $709/month

Total Views 6,394
5 Beds
2 Baths
2,756 Sq Ft
$40 Price per Sq Ft

Highlights

  • Hot Property
  • Wood Flooring
  • Corner Lot
  • Primary Bedroom Suite
  • Victorian Architecture
  • Crown Molding

About This Home

Cash-only opportunity with size, character, and rare land potential. Built in 1898, this large turn-of-the-century home sits on 0.88 acres spread across four separate lots and is located close to the schools. The home needs some exterior work to become financeable and could also benefit from interior updates, making it a strong fit for an investor, contractor, or buyer ready to take on a rehab project. Inside, many original details remain, including old woodwork, doors, windows, and floors that give the home the kind of character that is hard to recreate. The property also features a fieldstone foundation, adding to the age and character of the home. The real standout is the land: 0.88 acres across four lots, creating options for yard space, future planning, or possible redevelopment depending on local approvals. This property will not qualify for traditional financing in its current condition. Cash offers only. A rare chance to restore a large 1898 home with original character, close-to-school convenience, and nearly an acre of land across multiple lots.

Listing Agent

Justin Capps

Ferris Property Group Listed on: 07/23/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,288

Year Built

  • Built in 1898

Lot Details

  • 38,333 Sq Ft Lot
  • Lot Dimensions are 320x120
  • Corner Lot

Parking

  • Driveway

Home Design

  • Victorian Architecture
  • Shingle Roof
  • Rubber Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Pocket Doors
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement
  • Stone or Rock in Basement

Location

  • Suburban Location

Schools

  • Argos Elementary School
  • Argos Jr/Sr Middle School
  • Argos Jr/Sr High School

Utilities

  • Window Unit Cooling System
  • Radiator

Listing and Financial Details

  • Assessor Parcel Number 50-22-90-104-026.000-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,288

Year Built

Built in 1898

Lot Details

0.88 Acres

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1898
  • Style: Two Story
  • Architectural Style: Victorian
  • Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: SMITH ADD LOT 8 & SMITH ADD LOT 5COMB FORM COMB 026, SMITH ADD LOT 6, SMITH ADD LOT 7
  • Parcel Number ID: 50-22-90-104-026.000-016
  • Platted: Yes
  • Amenities: Ceiling-9+, Crown Molding, Dryer Hook Up Electric, Pocket Doors, Main Level Bedroom Suite, Washer Hook-Up
  • Inside City Limits: Yes
  • Investment Property: Yes
  • Location: City/Town/Suburb
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 4134
  • Total Finished Sq Ft: 2756
  • Above Grade Finished Sq Ft: 2756
  • Below Grade Sq Ft: 1378
  • Basement: Yes
  • Basement Foundation: Full Basement, Michigan Basement, Unfinished
  • Basement Material: Stone
  • Flooring: Hardwood Floors, Carpet
  • Bedroom 1: Dimensions: 18x15, On Level: Main
  • Bedroom 2: Dimensions: 18x15, On Level: Upper
  • Bedroom 3: Dimensions: 12x9, On Level: Upper
  • Bedroom 4: Dimensions: 14x12, On Level: Upper
  • Bedroom 5: Dimensions: 14x12, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 1378

Exterior Features

  • Exterior: Vinyl, Wood
  • Roof Material: Rubber, Shingle
  • Outbuilding1: None

Garage/Parking

  • Driveway: Concrete

Utilities

  • Cooling: Window
  • Heating Fuel: Radiator
  • Sewer: City
  • Water Utilities: City

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • Elementary School: Argos

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 320x120
  • Estimated Lot Sq Ft: 38333
  • Estimated Lot Size Acres: 0.88

Tax Info

  • Annual Taxes: 1288
  • Exemptions: Homestead

MLS Schools

  • High School: Argos Jr/Sr
  • Middle School: Argos Jr/Sr
  • School District: Argos Community

Map

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Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,241 $135,100 $13,500 $121,600
2024 $1,197 $123,400 $15,500 $107,900
2022 $1,197 $142,100 $14,900 $127,200
2021 $1,098 $109,100 $13,500 $95,600
2020 $974 $96,700 $6,800 $89,900
2019 $936 $93,600 $6,600 $87,000
2018 $957 $95,700 $6,800 $88,900
2017 $958 $95,600 $6,800 $88,800
2016 $958 $95,600 $6,800 $88,800
2014 $994 $99,200 $7,100 $92,100
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/20/2026 08/20/26 Price Changed $109,900 -8.3% $40 / Sq Ft
08/12/2026 08/12/26 Price Changed $119,900 -6.3% $44 / Sq Ft
07/23/2026 07/23/26 For Sale $128,000 -- $46 / Sq Ft
Source: Indiana Regional MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- Metropolitan Title In Llc
Special Warranty Deed -- None Available
Sheriffs Deed $78,578 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $102,590 New Conventional
Previous Owner $71,000 New Conventional
Previous Owner $57,475 New Conventional
Previous Owner $66,400 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202629701

Indiana Regional MLS

APN: 50-22-90-104-026.000-016

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