Straightline Pike

Richmond | Indiana

A Place of

Possibility Here

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Better Homes and Gardens Real Estate First Realty Group

Presented At

$525,000

Bedrooms

Bathrooms

Living

1,964

SQFT

2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States. - Photo 1

2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States. - Photo 2

2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States. - Photo 3

2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States. - Photo 4

2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States. - Photo 5

2698

Straightline Pike

Richmond | Indiana

2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States. , Richmond , Indiana 47374

4 Bedrooms Single Family Detached

Enjoy the best of both worlds! Welcome home to peaceful country living close to town. Sitting on almost 3.5 acres featuring 1/2 an acre of woods this sprawling setting with a large bank barn, detached garage with a finished attic for a hobby area or additional living space. City water and gas are on site with a septic system. New water heater and garage door as well as most all mechanicals and roof have all been replace new in the last 10 years. Kitchen was remodeled in 2017 with access to the mud room and deck. The list of improvements goes on an on so be sure to see the amenities sheet so you get all the important information and updates. You’ll find outside mature trees, perfect sunrises and sunsets with a peach tree orchard and room for a lush garden. Large deck and gazebo for those beautiful sunsets and summer nights to enjoy entertaining or family time. Call and schedule your tour to see all this property and home have to offer!

Property

3D Street View Tour

Property Location

2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States., Richmond Indiana

Local Weather & Climate

Richmond, Indiana

Current Conditions Updated recently

41 °F

Broken clouds

Feels Like 32°F

Humidity 95%

Wind 18 mph

Visibility 6.2 mi

Sunrise 11:38 AM

Sunset 11:54 PM

5-Day Forecast

Mon 23 Mar

Clouds

High 49°

Low 38°

Tue 24 Mar

Clouds

High 50°

Low 30°

Wed 25 Mar

Clouds

High 62°

Low 36°

Thu 26 Mar

Clouds

High 69°

Low 52°

Fri 27 Mar

Clouds

High 69°

Low 33°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Richmond?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

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$52,500,000

2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States.

Richmond, Indiana 47374

4 Beds

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Market Opinion

Ultra Luxury 350.0× median

View prices in:

Our perspective on current market conditions in Richmond. For informational purposes only — always consult a licensed real estate professional before making decisions.

Neutral Market

Balanced conditions. Negotiate wisely.

Buyer Score

Prices are up 11.9% year-over-year

Homes are taking 50 days to sell - more time to negotiate

Homes selling 4.7% below asking price on average

Local Market Price Trends

Median home sale prices in Richmond, Indiana — ZIP code 47374 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $52,500,000

Area median: $150,000

+11.9% year-over-year (well above the 3.5% historical avg)

Market Competition

50 days

Days on Market

Above typical

95.3%

Sale-to-List Ratio

Below asking

Future Value & Wealth Building

Starting investment: $525,000 20% down ($105,000)

13.8 years

Double Your Investment

Based on current market trends, your property value could double

$507,019

10-Year Equity

Your potential equity after 10 years of payments and appreciation

+$79,931

Appreciation Beats Rent

Potential gain vs 10 years of renting a similar home

$2,794

Monthly Investment

Estimated monthly mortgage payment (principal & interest)

$2,368,021

30-Year Wealth Potential

Total equity after full mortgage payoff with market appreciation

4.8x

Leverage Power

Your $105,000 down payment could grow to $507,019 in equity (10 yrs)

Investment Perspective

$1 → $1.65

Every dollar invested today could become $1.65 in 10 years

$100 → 165 $1,000 → $1,652

$74/day

Your home may appreciate while you sleep

$520/week $2,253/mo $27,035/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$426K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 64% advantage over stocks

-$289K

+$507K

$507K Potential Equity

vs $289K lost to rent over 10 years

$105K Down Payment Growth

4.8x

10yr

$507K

11.4x

20yr

$1.2M

22.6x

30yr

$2.4M

Wealth Comparison

×6

Equivalent to 6 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $2.4M

Time to Double Your Investment (accounting for market cycles)

25.5

years

Conservative

2.76% effective/yr

13.8

years

Market-Based Above Avg

5.15% effective/yr

11.6

years

Optimistic

6.14% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $689K +31%

Market $867K +65%

Optimistic $953K +81%

$507K est. equity

20 Years

Conservative $905K +72%

Market $1.4M +173%

Optimistic $1.7M +229%

$1.2M est. equity

30 Years

Conservative $1.2M +126%

Market $2.4M +351%

Optimistic $3.1M +498%

$2.4M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average

4.27 %

1967 – 2024

57 years of U.S. home price data

Recent Decade Average

6.5 %

2014 – 2024

Post-recovery bull market

Above Historical

Current 6% appreciation exceeds the national historical average (4.3%). Market-based projections reflect current conditions that may moderate over time.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 5.1%. Market scenario reflects current 6% YoY trend from Redfin (Mar 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Mar 2026

Neighborhood Demographics

ZIP 47374 • 2022 ACS Data

45,480 Population

Median Age: 41.0

$50,880 Median Income

Average

$116,100 Median Home Value

Rent: $795

20.0% College Graduates

Below Average

Housing

Homeowners 55.0%

Renters 32.4%

Vacancy Rate 12.7%

Employment

5.0% Unemployment

5.7% Work From Home

Education Attainment (Age 25+)

High School+ 87.4%

Bachelor's+ 20.0%

Graduate+ 8.2%

Data from U.S. Census Bureau American Community Survey 2022

Local Market Trends

Real estate market data for Richmond

Warm Market Active market with steady demand

$150,000

Median Sale Price

$109

Price per Sq Ft

Avg Days on Market

Data provided by RentCast

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States have?

This house at 2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States features 4 bedrooms with 1,964 square feet of living space.

What is the size of 2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States?

This property offers 1,964 square feet of living space.

What is the listing price for 2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States?

This property is listed at $52,500,000, which equals $26731 per square foot.

What are the current real estate market conditions in Richmond?

In Richmond, home prices have increased 11.9% over the past year, homes typically sell within 50 days, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.

Is now a good time to buy a home in Richmond?

Based on current market indicators, Richmond shows an active market. The market opportunity score is 48 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 2698 Straightline Pike, Richmond, IN 47374, Richmond, Indiana, United States?

This is a house located in Richmond, Indiana. The property is situated in an established neighborhood with convenient access to local amenities and services.