Listing courtesy of Sweet Maple Realty · Listing agent: Shane Gibson · office: 317-442-3561
1506 E Richland Drive
Bloomington, IN 47408Fairwood Terrace
Original price $379,900 · Price reduced on September 30, 2026
- 2-car garage
- Fireplace
- Basement
- Bedrooms
- 5
- Bathrooms
- 2
- Living area
- 2,452 sq ft
- Lot
- 0.32 ac
- Year built
- 1962
- Type
- Site-Built Home
- Listed
- August 17, 2026
- MLS #
- 202633590
About this home
Enjoy a country-neighborhood feel with the convenience of Bloomington just minutes away. Located on a low-traffic street with Marlin Elementary access from the neighborhood, this sprawling mid-century modern tri-level offers mature surroundings, a private backyard, and plenty of room to spread out. Multiple living spaces provide flexibility for everyday life, while the basement can serve as an entertainment space, den, music room, home office, or hobby area. Both bathrooms have been updated, and a large screened-in porch overlooks the private backyard, adding another comfortable place to gather or relax. Additional improvements include 35-year-rated architectural roof shingles and an updated Presby septic system. The owner will also provide a limited home warranty paid at closing. The location is a standout—only about 3 miles from Indiana University’s Memorial Stadium and approximately 4 minutes to Marlin Elementary and Griffy Lake Dam, 9 minutes to Bloomington High School North, and 12 minutes to the downtown Bloomington square. Indiana University, IU Health, and I-69 are all easily accessible for Bloomington, Indianapolis, and Crane commuters. Griffy Lake, Lake Lemon, Morgan-Monroe State Forest, Oliver Winery, and Butler Winery are also nearby. Mid-century character, flexible living space, updated bathrooms, backyard privacy, and a country-neighborhood setting—all remarkably close to Indiana University and Bloomington.
Monthly payment estimate
$2,294/mo
- Principal & interest
- $2,025
- Property taxes
- $161
- Homeowners insurance
- $108
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Tri-Level
- Total rooms
- 10
- Total area
- 2,452 sq ft
- Finished area above grade
- 1,902 sq ft
- Finished area below grade
- 550 sq ft
- Below grade total
- 550 sq ft
- Bedrooms above grade
- 4
- Bedrooms below grade
- 1
- Full baths, main level
- 1
- Full baths, upper level
- 1
- Basement
- Sump Pump, Daylight, Partial, Walk-Out Basement, Finished
- Flooring
- Hardwood, Carpet, Tile
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Fireplaces
- 1
- Fireplace features
- Family Room
- Laundry
- Lower Level
- Interior features
- Stand Up Shower
Exterior & parking
- Construction
- Brick, Vinyl Siding, Wood Siding
- Roof
- Asphalt
- Foundation
- Block
- Garage spaces
- 2
- Attached garage
- Yes
- Garage type
- Attached
- Garage sq ft
- 380 sq ft
- Parking
- Asphalt
- Private pool
- No
- Fencing
- Chain Link
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Subdivision
- Fairwood Terrace
- Lot features
- Level, 0-2.9999
- Lot size (acres)
- 0.32 ac
- Lot dimensions
- 110x127
- Location type
- Rural Subdivision,Near College Campus,Near Walking Trail
- County
- Monroe County
- Township
- Bloomington
- Platted
- Yes
- Planned unit development
- No
- Directions
- Navigate via GIS or Maps.
Schools
- Elementary school
- Marlin
- Middle school
- Tri-North
- High school
- Bloomington North
- School district
- Monroe County Community School Corp.
Taxes & terms
- Annual taxes
- $1,937
- Tax year
- 2025
- Tax exemptions
- Homestead
- Possession
- Negotiable
- Parcel number
- 53-05-15-201-004.000-004
Included in the sale
- Included in sale
- Dishwasher,Microwave,Water Heater Gas
Utilities
- Water
- Public
- Sewer
- Septic Tank
Income & commercial
- Gas meters
- 9
Location
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