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The real estate market has been turbulent and is constantly changing and evolving. House-hunters across the U.S. are confronting a painful reality. Rising mortgage rates are adding thousands of dollars to the cost of buying a home. According to Zillow, the 30-year fixed mortgage rate on May 10, 2022 is up 3 basis points from the previous week’s average rate of 5.15%.

What if you could find an affordable residence? How about a home in Indianapolis that is on the market for $1. Yep, $1! Sure, this is an example of casting a wide net to get as many people touring the home as possible so let’s do that and take a tour.

Located at 5877 Kingsley Drive in Indianapolis, this 2 bedroom, 2 bath home features 1,998 square feet. It was a professional contractor’s home for the past 65 years. The home offers “great curb appeal and is charming through out.”

The house offers 2 bedrooms and 2 baths and a 2 car detached garage. It has forced air and was built in the craftsman style in 1940. With a fireplace and screened in porch, you’ll be able to enjoy the year-round changing weather that Indiana provides. The homes 2021 assessment came in at $228, 700. This one level property features hardwood throughout and has a privacy fence. The appliances are included. The place is listed by Listing Provided by Jack Fife with Fife Real Estate & Auction and has been on the market for one week.

If you’re looking for the most affordable home in Indy, with a $1 asking price, this is it! So, here’s is a look at the listing…