$1,900,000
SOLD DEC 30, 2024

3729 Mexico Ridge Tract 1 Rd Bennington, IN 47011

305.64 Acres
$6,216 Price per Acre
13,313,720 Sq Ft Lot

Recently Sold

$972 Per Sq Ft

9% Above List Price

17 Days on Market

Highlights

  • Water Views
  • 305.64 Acre Lot
  • Wood Flooring
  • Water Access
  • Mature Trees
  • Pole Barn

About This Lot

As of December 2024

Large properties are rare in Indiana in recent years so this +/-253 acres in Ohio County is a unique opportunity! A quick list of key features includes a 4-bedroom home built in 1886 with modern updates, original hardwood plank floors, fiber optic internet, municipal water, generator, security/camera system, 100 x 65 pole barn, 60 x 40 garage/workshop, and a half mile of creek frontage on locally beloved Laughery Creek. With over 13,000 sq. ft. under roof, there is more than enough space for hobbies, possible event space development, and businesses/operations of all sizes. Currently there are over 120 acres of mature timberland, some tillable acreage with potential for more, hay fields, and extensive pastures for recreational use, horses, cattle, or even a winery. The home is perfectly placed to look out over the beautiful hills with dramatic views and sunsets. Inside the solid, well-kept traditional Indiana farmhouse, there are high ceilings, strong bones and historic character. Two bedrooms are located on the main floor with one currently used as an office. The huge eat in kitchen is the heart of the house with maple cabinetry and newer appliances. In the rear, native cedar paneling lines the large pantry/mud room and storage area. The upstairs has 2 spacious bedrooms with closets and extensive attic storage. The bedrooms are split by a cozy shared library and reading loft. The garage/workshop has 2 overhead double garage doors, concrete floors, alarm system, and a divided wall for added security in the workshop. The biggest barn is a massive 100 x 65 open pole barn for storing large equipment, vehicles, RV's/campers, or offering endless conversion possibilities for businesses or development. The other barns vary in age, but are in amazing condition with newer metal roofs. The large black tobacco barn is 38 x 52 with heavy timber construction and stalls, while the smaller barn is 21 x 24. This is truly an exceptional farm that should not be missed.

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

  • $2,750

Year Built

  • Built in 1886

Lot Details

  • 305.64 Acre Lot
  • Home fronts a stream
  • Rural Setting
  • Mature Trees
  • Wooded Lot
  • Additional Parcels

Parking

  • 4 Car Detached Garage

Property Views

  • Water
  • Woods
  • Pasture
  • Forest
  • Rural
  • Valley

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 3-Story Property
  • Built-in Bookshelves
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Lookout

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 58-04-16-200-004.000-002
  • Assessor Parcel Number 580416200004000002
  • Seller Concessions Not Offered

Community Details

Overview

  • No Home Owners Association

Recreation

  • Water Access
  • Covered Patio or Porch
  • Pole Barn
  • Shed
  • Storage Shed
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$2,750

Year Built

Built in 1886

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Farm
  • Architectural Style: Farmhouse
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1886
  • Building Area Total: 2444
  • Garage Y N: Yes
  • Lot Size Acres: 305.641
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Website: https://wpgo.me/e4de00
  • Accessibility Features YN: No
  • MBR_AttributionContact: Brad.garrison@whitetailproperties.com
  • Attribution Contact: Brad.garrison@whitetailproperties.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Daylight/Lookout Windows, Unfinished
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Oven, Refrigerator, Washer, Water Heater
  • Levels: Three Or More
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Built In Book Shelves, Hardwood Floors, Eat-in Kitchen
  • Living Area: 1954
  • Main Level Bedrooms: 2
  • Spa Y N: No
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1464
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 490
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Stone, Wood, Wood With Stone
  • Exterior Features: Barn Pole, Barn Storage, Out Building With Utilities, Storage Shed
  • Foundation Details: Concrete Perimeter, Stone
  • List Price: 1750000
  • Patio And Porch Features: Covered Porch
  • Pool Private Y N: No
  • View: Forest, Pasture, Rural, Trees/Woods, Valley
  • View Y N: Yes
  • Waterfront Features: Creek, Stream, Water Access, Water View
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Detached, Gravel
  • Garage Sq Ft: 2400

Utilities

  • Utilities: Electricity Connected, Septic System, Water Connected
  • Cooling: Central Electric
  • Electric: 200+ Amp Service, Generator
  • Heating: Forced Air, Gas
  • Laundry Features: Main Level
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Ohio County Middle School

Lot Info

  • Lot Features: Rural - Not Subdivision, Mature Trees, Trees-Small (Under 20 Ft), Wooded
  • Property Attached Yn: No
  • Additional Parcels Description: 58-04-09-300-001.001-002
  • Additional Parcels: Yes
  • Horse Amenities: Barn, Hay Storage, Pasture, Riding Trail, Stable(s)
  • Lot Size Sq Ft: 13313722
  • Parcel Number: 580416200004000002
  • Acres: >20 Acres
  • Price Acre: 6216

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 2750
  • Tax Lot: 58-04-16-200-004.000-002
  • Semi Annual Property Tax Amt: 1375

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
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
$1,750,000
Sold Price
$1,900,000
Premium/Discount to List
$150,000
8.57%
Views
21
Current Estimated Value
$675,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,224,514
Avg. Annual Appreciation
-71.91%
Original Mortgage
$700,000
Outstanding Balance
$698,213
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$144,787

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
Aug 28, 2014
Sold by
Ellis Donald L and Ellis Marian J
Bought by
Ellis Donald L and Donald L Ellis Revocable Trust
Source: Public Records

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 -- Stewart Title
Deed -- None Listed On Document
Quit Claim Deed -- --
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
12/30/2024 12/30/24 Sold $1,900,000 +8.6% $972 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $1,750,000 -- $896 / Sq Ft
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 $2,910 $191,000 $36,200 $154,800
2023 $2,750 $174,600 $35,400 $139,200
2022 $2,214 $161,400 $34,500 $126,900
2021 $1,218 $144,900 $30,300 $114,600
2020 $1,189 $141,800 $30,200 $111,600
2019 $1,150 $138,100 $30,900 $107,200
2018 $1,148 $136,100 $31,000 $105,100
2017 $1,032 $127,900 $25,500 $102,400
2016 $819 $107,500 $25,800 $81,700
2014 $578 $109,400 $24,900 $84,500
2013 $537 $114,000 $24,400 $89,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22008762

MIBOR Broker Listing Cooperative®

APN: 58-04-16-200-004.000-002