NOT LISTED FOR SALE

10227 E 500 S Otterbein, IN 47970

Estimated Value: $374,000 - $401,000

4 Beds
2 Baths
2,165 Sq Ft
$176/Sq Ft Est. Value

Last Sold August 11, 2025

Last sale price $375,000 $173 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,210/month

5 Days on Market

Highlights

  • Above Ground Pool
  • Beamed Ceilings
  • Central Air
  • Living Room with Fireplace
  • 2 Car Attached Garage
  • Ceiling Fan

About This Home

As of August 2025

Welcome to 10227 E 500 S in Otterbein—where freedom meets comfort! This 4-bedroom, 2-bathroom home sits on over 3.5 unrestricted acres with no HOA, so you can enjoy your land your way—bring your animals, park your vehicles, and make it your own. Recent updates include a new A/C and a newer well pump for added peace of mind. Inside, you’ll find a cozy living room with a wood-burning fireplace, a jetted tub in the primary bath, and a partially finished basement perfect for a rec room or playroom. Step outside to enjoy the above-ground pool with a surrounding deck—great for relaxing or entertaining. The attached garage doubles as a man cave with its own fireplace and TV hookup, and there’s plenty of storage in the outbuilding. An additional pole barn is available for purchase at $100,000. Call your favorite realtor to schedule a private showing today!

Last Agent to Sell the Property

Cathy Russell

@properties Listed on: 07/01/2025

@properties

Last Buyer's Agent

Cathy Russell

@properties Listed on: 07/01/2025

@properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,592

Year Built

  • Built in 1960

Lot Details

  • 3.67 Acre Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Tri-Level Property
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • Beamed Ceilings
  • Ceiling Fan
  • Living Room with Fireplace
  • 2 Fireplaces
  • Partially Finished Basement
  • Block Basement Construction
  • Fire and Smoke Detector
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub With Separate Shower Stall

Pool

  • Above Ground Pool

Schools

  • Otterbein Elementary School
  • Benton Central Middle School
  • Benton Central High School

Utilities

  • Central Air
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • Community Pool

Listing and Financial Details

  • Assessor Parcel Number 04-11-08-600-005.004-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,592

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1960
  • Style: Tri-Level
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PT SW1/4 08-24-06 3.67A
  • Parcel Number ID: 04-11-08-600-005.004-001
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Ceilings-Beamed, Deck Open, Detector-Smoke, Garage Door Opener, Range/Oven Hook Up Elec, Tub and Separate Shower, Tub/Shower Combination
  • County Zoning: Unknown
  • Special Features: None

Interior Features

  • Total Sq Ft: 2165
  • Total Finished Sq Ft: 2165
  • Above Grade Finished Sq Ft: 1809
  • Below Grade Finished Sq Ft: 356
  • Basement: Yes
  • Basement Foundation: Slab, Partial Basement
  • Basement Material: Block
  • Number Of Fireplaces: 2
  • Fireplace: Living/Great Rm, Wood Burning Stove
  • Fireplace: Yes
  • Living Great Room: Dimensions: 23x14, On Level: Main
  • Kitchen: Dimensions: 15x11, On Level: Main
  • Dining Room: Dimensions: 11x9, On Level: Main
  • Recreation Room: Dimensions: 21x21, On Level: Basement
  • Bedroom 1: Dimensions: 13x14, On Level: Lower
  • Bedroom 2: Dimensions: 11x14, On Level: Upper
  • Bedroom 3: Dimensions: 11x15, On Level: Upper
  • Bedroom 4: Dimensions: 11x11, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 356

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: Pole/Post Building, Dimensions: 40x80
  • Pool: Above Ground
  • Pool: Yes

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 31x29
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Other Heating System
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Lowerx11, On Level: 8
  • Well Type: Private

Schools

  • Elementary School: Otterbein

Lot Info

  • Lot Description: Level, 3-5.9999
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 159865
  • Estimated Lot Size Acres: 3.67

Tax Info

  • Annual Taxes: 2591.64

MLS Schools

  • High School: Benton Central
  • Middle School: Benton Central
  • School District: Benton Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2025
Closed on
Aug 11, 2025
Sold by
Gick Brady D and Gick Emily A
Bought by
Horwedel Garrett W and Horwedel Carly P
Seller's Agent
Cathy Russell
@properties
Buyer's Agent
Cathy Russell
@properties
List Price
$375,000
Sold Price
$375,000
Views
87
Current Estimated Value
$381,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,356
Avg. Annual Appreciation
3.99%
Original Mortgage
$337,500
Outstanding Balance
$337,205
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$44,151

Purchase Details

Listed on
May 8, 2022
Closed on
Jun 28, 2022
Sold by
Troyer Daniel and Troyer Sara
Bought by
Gick Brady D and Gick Emily A
Seller's Agent
Chad Spitznagle
Weichert Realtors Len Wilson
Buyer's Agent
Glenda Vanaman
F.C. Tucker/Shook
List Price
$399,000
Sold Price
$376,000
Premium/Discount to List
-$23,000
-5.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.09%

Purchase Details

Listed on
Aug 16, 2012
Closed on
Sep 28, 2012
Sold by
Charlesworth Ronald Glenn
Bought by
Troyer Daniel and Troyer Sara
Seller's Agent
Virginia Alberts
F C Tucker/Lafayette Inc
Buyer's Agent
Marilyn Young
YBS Realty LLC
List Price
$144,900
Sold Price
$135,000
Premium/Discount to List
-$9,900
-6.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.08%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Horwedel Garrett W -- Foundation Title Services
Gick Brady D -- Metropolitan Title
Troyer Daniel $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horwedel Garrett W $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2025 08/11/25 Sold $375,000 0.0% $173 / Sq Ft
07/06/2025 07/06/25 Pending -- -- --
07/01/2025 07/01/25 For Sale $375,000 -0.3% $173 / Sq Ft
06/28/2022 06/28/22 Sold $376,000 -5.8% $133 / Sq Ft View Prior Sale
05/21/2022 05/21/22 Pending -- -- --
05/08/2022 05/08/22 For Sale $399,000 +195.6% $141 / Sq Ft
09/28/2012 09/28/12 Sold $135,000 -6.8% $39 / Sq Ft View Prior Sale
08/28/2012 08/28/12 Pending -- -- --
08/16/2012 08/16/12 For Sale $144,900 -- $42 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $2,587 $343,800 $43,800 $300,000
2023 $2,340 $322,600 $28,700 $293,900
2022 $1,961 $256,500 $28,700 $227,800
2021 $1,386 $199,800 $28,700 $171,100
2020 $1,173 $185,100 $28,700 $156,400
2019 $584 $129,700 $28,700 $101,000
2018 $499 $140,800 $28,700 $112,100
2017 $542 $124,700 $28,700 $96,000
2016 $482 $117,800 $28,700 $89,100
2014 $513 $128,300 $29,500 $98,800
2013 $513 $116,000 $26,900 $89,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202525294

Indiana Regional MLS

APN: 04-11-08-600-005.004-001