$526,630
SOLD JAN 3, 2025

3300 Mexico Ridge Tract 2 Rd Bennington, IN 47011

82 Acres
$6,422 Price per Acre
3,571,920 Sq Ft Lot

Recently Sold

41% Below List Price

26 Days on Market

Highlights

  • 82 Acre Lot
  • Pasture Views
  • No HOA

About This Lot

As of January 2025

Large tillable tracts are extremely sought after in today's land market and this offering in Ohio County will be just the same! This opportunity is approximately 82 acres with nearly 1 mile of road frontage, most of which borders both sides of the road along Mexico Ridge Road. With electric, fiber optic internet, and municipal water extending the length of the roadway, this property is ideal for a multitude of agribusinesses, rural commercial operations, and residential opportunities beyond the farming potential. The soil is mostly avonburg silt loam with 0 to 2 percent slope, which is excellent for cultivated crops, pasture, woodlands, wildlife development along with commercial or residential development. The property lays well with a mostly squared off shape and straight boundaries across 3 large adjacent fields. This tract has no floodplain, wetlands, creeks, or surface water so buyers can be confident the property is high and stays dry with good drainage. The property is closest to Friendship but also within 25-30 minutes of Versailles, Vevay, Rising Sun, Dillsboro, and Madison. Ohio County has not seen this much tillable acreage listed on the open market in at least the last 3 years and there is no indication that anyone else is willing to sell soon. This is part of a larger tract consisting of +- 335 total acres with a house and several barns. The rest of this property is also for sale and can be purchased separately or together. The same family has happily owned these parcels for several generations, and they are ready for the next family to start a new chapter. Property is shown by appointment only to pre-qualified buyers.

Last Agent to Sell the Property

Brad Garrison

Whitetail Properties Brokerage Email: Brad.garrison@whitetailproperties.com License #RB23000368 Listed on: 10/28/2024

Whitetail Properties

Last Buyer's Agent

Brad Garrison

Whitetail Properties Brokerage Email: Brad.garrison@whitetailproperties.com License #RB23000368 Listed on: 10/28/2024

Whitetail Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,790

Lot Details

  • 82 Acre Lot
  • Rural Setting

Property Views

  • Pasture
  • Rural

Schools

  • Ohio County Elementary School
  • Ohio County Middle School
  • Rising Sun High School

Utilities

  • Septic Needed

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 58-04-09-300-001.001-002
  • Assessor Parcel Number 580409300001001002
  • Seller Concessions Not Offered

Property Details

Property Type

Land

Est. Annual Taxes

$3,790

Lot Details

0

Listing Details

  • Type: Agric Land
  • Property Sub Type: Farm
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2023
  • Lot Size Acres: 82
  • Road Frontage Type: County Road
  • Road Surface Type: Asphalt
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • MBR_AttributionContact: Brad.garrison@whitetailproperties.com
  • Attribution Contact: Brad.garrison@whitetailproperties.com
  • Special Features: None

Exterior Features

  • List Price: 900000
  • Other Structures: Not Applicable
  • Topography: Level
  • View: Pasture, Rural
  • View Y N: Yes
  • Waterfront: No
  • Road Access: County Rd
  • Water: Municipal Water on Site

Utilities

  • Sewer: Septic Needed
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Ohio County Middle School

Lot Info

  • Lot Features: Not In Subdivision, Rural - Not Subdivision
  • Additional Parcels: No
  • Development Status: NoStatus
  • Horse Amenities: Pasture
  • Lot Size Sq Ft: 3571920
  • Parcel Number: 580409300001001002
  • Zoning: Ag
  • Acres: >20 Acres
  • Land Characteristics: Rectangle,Rural
  • Present Zoning: Agricultur
  • Price Acre: 6422
  • Soil Type: Loam
  • Divisible: No
  • Tillable Acres: 82

Tax Info

  • Tax Annual Amount: 3790
  • Tax Lot: 58-04-09-300-001.001-002
  • Semi Annual Property Tax Amt: 1895

MLS Schools

  • Elementary School: Ohio County Elementary School
  • High School: Rising Sun High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2024
Closed on
Jan 3, 2025
Sold by
Munoz Cheryl Ellis and Hahm Margaret Cecile
Bought by
Otte Robert F and Otte Sally A
Seller's Agent
Brad Garrison
Whitetail Properties
Buyer's Agent
Brad Garrison
Whitetail Properties
List Price
$900,000
Sold Price
$526,630
Premium/Discount to List
-$373,370
-41.49%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$698,213
Interest Rate
6.84%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 28, 2024
Closed on
Dec 20, 2024
Sold by
Hahn Margaret Cecile and Munoz Cheryl Ellis
Bought by
Goodman Matthew
Seller's Agent
Brad Garrison
Whitetail Properties
Buyer's Agent
Brad Garrison
Whitetail Properties
List Price
$900,000
Sold Price
$526,630
Premium/Discount to List
-$373,370
-41.49%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$698,213
Interest Rate
6.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2023
Sold by
Marian J Ellis Revocable Trust
Bought by
Hahn Margaret Cecile and Munoz Cheryl Ellis

Purchase Details

Closed on
Mar 23, 2021
Sold by
Marian J Ellis Ret
Bought by
Otte Robert F and Otte Sally A

Purchase Details

Closed on
Mar 3, 2021
Sold by
Martin J Ellis Ret
Bought by
Nolker Gary and Nolker Kristi

Purchase Details

Closed on
Dec 18, 2020
Sold by
Donald L Ellis Ret
Bought by
Marian J Ellis Ret
Source: Public Records

Range of Values:

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Average Value
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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
Warranty Deed -- None Listed On Document
Warranty Deed -- Stewart Title
Deed -- None Listed On Document
Deed -- None Available
Deed -- None Available
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2025 01/03/25 Sold $526,630 -41.5% --
11/23/2024 11/23/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $900,000 -- --
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 $4,340 $284,900 $266,200 $18,700
2023 $3,790 $240,600 $221,700 $18,900
2022 $2,665 $194,300 $175,000 $19,300
2021 $2,315 $141,900 $127,600 $14,300
2020 $2,306 $140,800 $126,500 $14,300
2019 $2,752 $168,600 $154,300 $14,300
2018 $2,742 $167,200 $152,900 $14,300
2017 $3,052 $190,100 $175,900 $14,200
2016 $3,288 $205,100 $186,100 $19,000
2014 $2,342 $213,100 $194,800 $18,300
2013 $1,770 $185,700 $167,200 $18,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22009246

MIBOR Broker Listing Cooperative®

APN: 58-04-09-300-001.001-002