$375,000
PENDING

10227 E 500 S Otterbein, IN 47970

Estimated payment $2,287/month

Total Views 1,976
4 Beds
2 Baths
2,165 Sq Ft
$173 Price per Sq Ft

Highlights

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

About This Home

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!

Listing 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
  • Age: 65
  • Style: Tri-Level
  • Total Number of Rooms: 9
  • Total Number of Rooms Below Grade: 1
  • Bedrooms: 4
  • Number Above Grade 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
  • Year Taxes Payable: 2025
  • 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
  • Price Per Sq Ft: 207.3
  • 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 Sq Ft: 899
  • 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

  • School District: Benton Community
  • Elementary School: Otterbein
  • Middle School: Benton Central
  • High School: Benton Central
  • 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
  • Total Assessed Value: 343800

MLS Schools

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

Property History

Date Event Price Change Sq Ft Price
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
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
08/28/2012 08/28/12 Pending -- -- --
08/16/2012 08/16/12 For Sale $144,900 -- $42 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Metropolitan Title
Deed $135,000 --
Source: Public Records

About the Listing Agent

Cathy Russell

@properties

(765) 249-3771

Section Image

Energy, enthusiasm, and experience combine to make Cathy Russell the number one agent in the Lafayette area! In 2015, she earned the spot as the number one agent in the Lafayette Regional Association of Realtors by successfully closing more than 225 properties for more than $35M in sales volume in her 42nd year in the business.

Cathy began her Real Estate career in 1974 after graduating from Purdue University in home planning and working in the building industry. After raising her three

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Source: Indiana Regional MLS

MLS Number: 202525294

Indiana Regional MLS

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