$140,000
SOLD OCT 18, 2024

2302 E Co Road 550 S Paoli, IN 47454

1 Bed
1 Bath
312 Sq Ft
20 Acres

Recently Sold

$449 Per Sq Ft

12% Below List Price

10 Days on Market

Highlights

  • 20 Acre Lot
  • Near a National Forest
  • 1-Story Property
  • Heavily Wooded Lot
  • Covered Patio or Porch
  • Wood Burning Fireplace

About This Home

As of October 2024

This perfectly sized outdoor getaway is a recreational enthusiast's dream, bordering thousands of acres of Hoosier National Forest. With nearly 900 feet of paved county road frontage, this property offers modern conveniences, including access to gas & internet with water and electric on site. Set back 350 feet from the road, a charming 26x12' yard barn/cabin with a 4' porch and loft provides a cozy retreat. The cabin is fully wired, insulated, and drywalled, featuring a wood-burning stove and vinyl flooring—making it a comfortable and inviting space year-round. The property’s established trail system winds through the entire parcel, offering fantastic access for hiking and trail riding. Several wildlife ponds have been created to ensure the local wildlife stays well-hydrated, enhancing the natural appeal of this land. The entire northern boundary also shares a direct border with Hoosier National Forest, granting access to thousands of acres of forested recreational opportunities. The well-known Lick Creek Trail is only 700 feet from the northern boundary, with the trailhead just 1 mile down the road. Located near popular area attractions such as Patoka Lake, Marengo Cave, and the French Lick Casino & Resort, this property is an ideal base for both outdoor adventures and local excursions. Whether you are seeking a peaceful retreat, a hunting haven, or a place to enjoy endless outdoor activities, this property offers the perfect setting.

Last Agent to Sell the Property

Zach Holt

Whitetail Properties Real Estate Brokerage Phone: 812-887-2954 Listed on: 09/18/2024

Whitetail Properties Real Estate

Co-Listed By

Kris Christianson

Whitetail Properties Real Estate Brokerage Phone: 812-887-2954

Last Buyer's Agent

Zach Holt

Whitetail Properties Real Estate Brokerage Phone: 812-887-2954 Listed on: 09/18/2024

Whitetail Properties Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $233

Year Built

  • Built in 2019

Lot Details

  • 20 Acre Lot
  • Irregular Lot
  • Heavily Wooded Lot

Home Design

  • Cabin

Interior Spaces

  • 312 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Throop Elementary School
  • Paoli Middle School
  • Paoli High School

Additional Features

  • Covered Patio or Porch
  • Heating System Uses Wood

Community Details

  • Near a National Forest

Listing and Financial Details

  • Assessor Parcel Number 59-10-33-300-027.001-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$233

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 2019
  • Age: 5
  • Style: One Story
  • Architectural Style: Cabin/Cottage
  • Total Number of Rooms: 1
  • Bedrooms: 1
  • Number Above Grade Bedrooms: 1
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Pt Ne Sw 33 1 N 1 E 20 A.
  • Parcel Number ID: 59-10-33-300-027.001-013
  • Platted: Yes
  • Amenities: Adj to State/Natnl Forest, Porch Covered
  • Sp Lp Percent: 88.05
  • Year Taxes Payable: 2024
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 312
  • Total Finished Sq Ft: 312
  • Above Grade Finished Sq Ft: 312
  • Price Per Sq Ft: 448.72
  • Number Of Fireplaces: 1
  • Fireplace: Wood Burning
  • Fireplace: Yes
  • Bedroom 1: Dimensions: 26x12, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Outbuilding1: None

Utilities

  • Heating Fuel: Wood
  • Water Utilities: Public

Schools

  • School District: Paoli Community School Corp.
  • Elementary School: Throop
  • Middle School: Paoli
  • High School: Paoli
  • Elementary School: Throop

Lot Info

  • Lot Description: Heavily Wooded, Irregular, 15+, Wooded
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 871200
  • Estimated Lot Size Acres: 20

Tax Info

  • Annual Taxes: 233

MLS Schools

  • High School: Paoli
  • Middle School: Paoli
  • School District: Paoli Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2024
Closed on
Oct 10, 2024
Sold by
Gard Michael G and Gard Isabella
Bought by
Helton Jeremiah
Seller's Agent
Zach Holt
Whitetail Properties Real Estate
Buyer's Agent
Zach Holt
Whitetail Properties Real Estate
List Price
$159,000
Sold Price
$140,000
Premium/Discount to List
-$19,000
-11.95%
Views
25
Current Estimated Value
$143,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,070
Avg. Annual Appreciation
1.65%
Original Mortgage
$119,000
Outstanding Balance
$116,403
Interest Rate
5.47%
Mortgage Type
New Conventional
Estimated Equity
$25,559

Purchase Details

Closed on
Jul 24, 2020
Sold by
Schmiesing Jason and Schmiesing Britt E
Bought by
Gard Michael G and Gard Isabella
Source: Public Records

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Range of Values:

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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
Warranty Deed $140,000 None Listed On Document
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $119,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $140,000 -11.9% $449 / Sq Ft
09/28/2024 09/28/24 Pending -- -- --
09/18/2024 09/18/24 For Sale $159,000 -- $510 / 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 $238 $17,000 $9,000 $8,000
2023 $233 $16,000 $8,200 $7,800
2022 $220 $14,600 $7,300 $7,300
2021 $203 $13,000 $6,500 $6,500
2020 $218 $12,900 $6,400 $6,500
2019 $56 $3,700 $3,700 $0
2018 $63 $3,800 $3,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202436521

Indiana Regional MLS

APN: 59-10-33-300-027.001-013