About this home

Opportunity awaits at 488 School Street in Putnam! Built in 1930, this home offers 6 rooms, including 3 bedrooms and 1.5 baths, set on a .41-acre lot. Features include a detached one-car garage, full unfinished basement, mudroom, and a woodstove that can provide an alternative heat source and help offset today's high heating costs. While the home is dated and would benefit from cosmetic updates, it remains livable and move-in ready, offering buyers the chance to make improvements over time and add their own personal touches. The exterior has areas of peeling paint that will need attention and may limit financing options, so buyers should consult with their lender regarding property condition requirements. Whether you're looking for your first home, a renovation project, or an opportunity to build equity, this property offers potential in a convenient Putnam location. Bring your ideas and explore the possibilities! Being Sold in "AS-IS" condition.

Facts and features

Schools

• Putnam High School

  high · 9-12 · 1.2 mi

  5

• Putnam Elementary School

  elementary · K-4 · 1.5 mi

  4

• Putnam Middle School

  elementary · 5-8 · 1.5 mi

  5

• Susan Wayne Center Of Excellence

  middle · 6-12 · 1.0 mi

• Putnam Science Academy

  high · 9-12 · 1.2 mi

• Helping Hands

  high · 12 · 1.4 mi

Price history

• Nov 5, 2026 · Price Changed$249,900
• Oct 8, 2026 · Listed$270,000

Tax history

• 2025$3,022 tax · $156,600 assessed
• 2023$2,291 tax · $95,500 assessed
• 2022$2,186 tax · $95,500 assessed
• 2021$2,162 tax · $95,500 assessed
• 2020$2,162 tax · $95,500 assessed
• 2019$2,026 tax · $84,900 assessed
• 2018$1,890 tax · $83,500 assessed
• 2017$1,820 tax · $83,500 assessed

Home value

$272,228

• Quantarium$272,228
• Cotality$265,200
• Collateral Analytics$386,000

Where it is