NOT LISTED FOR SALE

1945 E Truman Ave Princeton, IN 47670

Estimated Value: $235,000 - $1,337,000

85.2 Acres
$11,211 Price per Acre
3,711,312 Sq Ft Lot

Last Sold October 04, 2024

Last sale price $1,375,000

Est. 31% decrease in value since last sale

Current estimated payment $5,451/month

782 Days on Market

Highlights

  • Waterfront
  • 85.2 Acre Lot
  • Lake, Pond or Stream

About This Lot

As of October 2024

You will not find another opportunity like this! We are offering an incredible 85 +/- acre property, that was once a fully functioning horse farm and was set-up for further development. It includes an absolutely beautiful 9 +/- acre lake on the edge of Princeton. There is near-complete privacy provided by the thick tree lines that surround most of the perimeter. You will feel like you are miles from town. A gated entry can be found from East Truman Avenue, onto the 1000+ foot long paved road and to the east side of the lake, the cabin, and several of the buildings. This sprawling property includes road frontage on Truman Drive, Kennedy Drive, two spots along Wilson Avenue, the end of Fairview Drive, the east end of Taylor Avenue, the north end of Johnson Avenue, and even from Taftown Road! There are 25 +/- acres of fully fenced pasture land found on the rolling hills that run throughout the estate. The original structures that were once used for the horse farm were built as late as 1990, with some buildings being updated this year. The lake, which is full of bass, bluegill, and crappie, is large enough for jet skiing and other recreation, and has an island and beach area. The possibilities are endless. With its proximity to town, the picturesque setting, and substantial infrastructure already in place, what can you dream? 3 miles to Princeton Community High School. 3 miles to Deaconess Gibson Hospital. 4.5 miles to TBIN. 6 miles to the Toyota plant. Princeton zoning is R-4. Structures include: - a huge 30x60 pole barn with 12' sides, concrete, electric, and with a spacious 9x43 lean-to - an enormous 54x106 Morton building with 12' side walls, with multiple quality-made stalls, a large breeding stall, and a riding arena inside - a 47x24 stable with concrete floor, electric and multiple stalls - a 48x36 stable with hay loft, electric, and multiple stalls - other smaller stables and sheds are located strategically throughout the property

Last Agent to Sell the Property

Ray Stallings

DHI Realty Inc Brokerage Phone: 812-664-2830 Listed on: 06/10/2022

Last Buyer's Agent

Tim Mason

RE/MAX REVOLUTION

RE/MAX REVOLUTION

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,857

Lot Details

  • 85.2 Acre Lot
  • Waterfront
  • Finished Lot(s)
  • Subdivision Possible
  • Property is zoned R4 Low density residential district

Parking

  • Driveway

Outdoor Features

  • Lake, Pond or Stream

Schools

  • Princeton Elementary And Middle School
  • Princeton High School

Utilities

  • Heating System Uses Gas
  • Propane

Listing and Financial Details

  • Assessor Parcel Number 26-12-08-200-000.487-027

Property Details

Property Type

Land

Est. Annual Taxes

$6,857

Lot Details

85.2 Acres

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Waterfront: Yes
  • Legal Description: PT NE 8 2 10 84.4716 AC C-1, DIKE ENLG TRACT 70, DIKE ENLG TRACT 76 PT/77 PT
  • Parcel Number ID: 26-12-08-200-000.487-027
  • Platted: Yes
  • Inside City Limits: Yes
  • Parcel Id2: 26-12-08-201-003.943-028
  • Road Access: City
  • Road Surface: Asphalt
  • Parcel Description: Waterfront, Rolling
  • Parcel Id3: 26-12-08-201-003.944-028
  • Type of Sale: Estate Sale
  • Can Be Subdivided: Yes
  • Platted Development: Yes
  • Structure Bldg Imprvmnts: Yes
  • Type Use: Residential
  • Special Features: None

Exterior Features

  • Road Frontage: City

Utilities

  • Water Utilities: Public
  • Water Type: Pond
  • Electricity Type: Available
  • Fuel Type: Gas, Propane
  • Sewer Type: Public

Schools

  • Elementary School: Princeton

Lot Info

  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 3711312
  • Estimated Lot Size Acres: 85.2
  • Easements: Yes

Tax Info

  • Annual Taxes: 6856.82

MLS Schools

  • High School: Princeton
  • Middle School: Princeton
  • School District: North Gibson School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Sep 25, 2024
Sold by
Lake Charles Iii Llc
Bought by
Fluffy Forklift Farms Llc
Seller's Agent
Ray Stallings
DHI Realty Inc
Buyer's Agent
Tim Mason
RE/MAX REVOLUTION
List Price
$1,750,000
Sold Price
$1,375,000
Premium/Discount to List
-$375,000
-21.43%
Views
123
Current Estimated Value
$955,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$419,809
Avg. Annual Appreciation
-22.77%
Original Mortgage
$1,075,000
Outstanding Balance
$1,040,688
Interest Rate
6.46%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$85,497

Purchase Details

Closed on
Jul 18, 2024
Sold by
Dike Juanita and Thompson Chad
Bought by
Lake Charles Iii Llc

Purchase Details

Closed on
Dec 12, 2023
Sold by
Dike Juanita and Thompson Chad
Bought by
Cmh Homes Inc

Purchase Details

Closed on
Sep 19, 2023
Sold by
Dike Charles E
Bought by
Dike Juanita
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Fluffy Forklift Farms Llc $1,375,000 None Listed On Document
Lake Charles Iii Llc -- None Listed On Document
Cmh Homes Inc -- None Listed On Document
Dike Juanita -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fluffy Forklift Farms Llc $1,075,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2024 10/04/24 Sold $1,375,000 -21.4% --
07/31/2024 07/31/24 Pending -- -- --
06/10/2022 06/10/22 For Sale $1,750,000 -- --
Source: Indiana Regional MLS

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 $6,542 $324,900 $130,000 $194,900
2023 $7,166 $315,400 $124,700 $190,700
2022 $6,905 $313,600 $119,100 $194,500
2021 $6,403 $278,900 $116,200 $162,700
2020 $6,336 $268,800 $116,000 $152,800
2019 $6,123 $269,800 $119,900 $149,900
2018 $6,060 $268,200 $120,600 $147,600
2017 $6,016 $272,100 $124,000 $148,100
2016 $6,433 $286,300 $125,500 $160,800
2014 $6,425 $280,200 $126,700 $153,500
2013 -- $252,700 $122,700 $130,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202302304

Indiana Regional MLS

APN: 26-12-08-200-000.487-027

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