$985,000
SOLD FEB 18, 2025

1502 W State Road 47 Thorntown, IN 46052

167 Acres
$5,898 Price per Acre
7,274,520 Sq Ft Lot

Recently Sold

2% Below List Price

119 Days on Market

About This Lot

As of February 2025

A little over one mile from new Eli Lilly $3.7 billion campus, and 3 miles from State endorsed newly announced 6,000 acre Lebanon Tech Park. 167.64Contiguous acres within one half mile of I-65 interchange on St. Rd 47, with county road access also. Rail access in Indy's fastest growing area. Investment opportunity located strategically between Indianapolis and Lafayette along Indy-Chicago corridor. Property will continue to produce income until development begins. 167+ CONTIGUOUS

Last Agent to Sell the Property

Scott Schuler

CENTURY 21 Scheetz Brokerage Email: sschuler@c21scheetz.com License #RB19000358 Listed on: 10/21/2024

CENTURY 21 Scheetz

Last Buyer's Agent

Scott Schuler

CENTURY 21 Scheetz Brokerage Email: sschuler@c21scheetz.com License #RB19000358 Listed on: 10/21/2024

CENTURY 21 Scheetz

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,988

Lot Details

  • 167 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 061435000003000017
  • Seller Concessions Not Offered

Property Details

Property Type

Land

Est. Annual Taxes

$2,988

Lot Details

0

Listing Details

  • Type: Undeveloped
  • Property Sub Type: Commercial Land
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2023
  • Lot Size Acres: 167
  • Road Frontage Type: County Road, Highway
  • Road Surface Type: Asphalt
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • MBR_AttributionContact: sschuler@c21scheetz.com
  • Attribution Contact: sschuler@c21scheetz.com
  • Special Features: None

Exterior Features

  • List Price: 1
  • Other Structures: Barn(s), Tenant House, See Remarks
  • Topography: Level
  • Road Access: County Rd
  • Water: Not Applic

Utilities

  • Sewer: Not Applicable
  • Solid Waste: No

Lot Info

  • Current Use: Agriculture
  • Development Status: NoStatus
  • Horse Amenities: None
  • Lot Size Sq Ft: 7201775
  • Parcel Number: 061435000003000017
  • Zoning: ZO01
  • Acres: >20 Acres
  • Land Characteristics: Not Applicable
  • Present Zoning: Agricultur
  • Price Acre: 5898
  • Soil Type: Not Applic
  • Divisible: No

Tax Info

  • Tax Annual Amount: 2988
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 1494

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Feb 14, 2025
Sold by
Schuler Scott A
Bought by
North Eastern Holdings Llc
Seller's Agent
Scott Schuler
CENTURY 21 Scheetz
Buyer's Agent
Scott Schuler
CENTURY 21 Scheetz
List Price
$1,000,000
Sold Price
$985,000
Premium/Discount to List
-$15,000
-1.5%
Views
187

Purchase Details

Closed on
Oct 11, 2018
Sold by
Frances Faairfield Farms Llc
Bought by
Thanks Dad Llc

Purchase Details

Closed on
Dec 31, 2016
Sold by
Frances Fairfield Farms Llc
Bought by
Thanks Dad Llc

Purchase Details

Closed on
Oct 21, 2011
Sold by
Fairfield Frances I and Dickje Rson Lynette K
Bought by
Fairfield Frances I
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $6,515,000 Landquest Title Services
Warranty Deed -- --
Deed -- --
Personal Reps Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $15,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2025 02/18/25 Sold $985,000 +98499900.0% --
02/17/2025 02/17/25 Pending -- -- --
10/21/2024 10/21/24 Price Changed $1 -100.0% --
10/21/2024 10/21/24 For Sale $1,000,000 -- --
Source: MIBOR Broker Listing Cooperative®

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 $4,584 $394,100 $394,100 $0
2023 $4,037 $328,400 $328,400 $0
2022 $3,239 $259,300 $259,300 $0
2021 $2,993 $223,000 $223,000 $0
2020 $2,972 $221,300 $221,300 $0
2019 $2,487 $189,700 $189,700 $0
2018 $2,528 $195,800 $195,800 $0
2017 $2,819 $225,000 $225,000 $0
2016 $2,886 $238,400 $238,400 $0
2014 $2,869 $249,400 $249,400 $0
2013 $2,992 $228,700 $228,700 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22007837

MIBOR Broker Listing Cooperative®

APN: 06-14-35-000-003.000-017