$1,670,000
$150K PRICE DROP

4934 S 550w New Palestine, IN 46163

Estimated payment $10,034/month

Total Views 51,889
5 Beds
5.5 Baths
6,582 Sq Ft
$254 Price per Sq Ft

Highlights

  • 6.91 Acre Lot
  • No HOA
  • 3 Car Attached Garage
  • New Palestine Jr High School Rated A-
  • Double Oven
  • Eat-In Kitchen

About This Home

Located at 4934 S 550 W, NEWPALESTINE, IN, this single-family residence in Hancock County presents a rare opportunity to experience luxurious living in a home that is in great condition. Built in 2022, this amazing design features top-tier materials and awaits its discerning new owner. The heart of this home is undoubtedly the two kitchens, a culinary dream realized with its expansive kitchen island, shaker cabinets, and double oven, providing ample space for preparation and catering. The stovetop and backsplash add a touch of elegance and practicality, ensuring both beauty and functionality in this central space. The living room offers a place to relax and recharge, featuring a fireplace that serves as a focal point, creating an atmosphere of warmth. The high ceiling enhances the sense of spaciousness, inviting gatherings and quiet moments alike. This residence offers five full bathrooms and one half bathroom, ensuring convenience and privacy. Five bedrooms provide comfortable accommodation for all. With 4209 square feet of living area set upon a sprawling 301043 square foot lot in a rural area, this two-story residence provides a harmonious blend of space and privacy, making it the perfect retreat from the everyday. This luxurious house with an open floor plan and unfinished basement is waiting for you to make it a home.

Listing Agent

Harjot Suri

Midland Realty Group, Inc. License #RB21002794 Listed on: 07/17/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,508

Year Built

  • Built in 2022

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation
  • Vinyl Construction Material
  • Stone

Interior Spaces

  • 3-Story Property
  • Family Room with Fireplace
  • Storage
  • Unfinished Basement
  • Basement Window Egress

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Schools

  • New Palestine Jr High Middle School
  • New Palestine Intermediate School
  • New Palestine High School

Additional Features

  • 6.91 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 30-10-30-300-021.001-012
  • Assessor Parcel Number 301030300021001012

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,508

Year Built

Built in 2022

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Modular
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 2022
  • Building Area Total: 10897
  • Garage Y N: Yes
  • Lot Size Acres: 6.91
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Egress Window(s), Roughed In, Unfinished
  • Appliances: Dishwasher, MicroHood, Oven, Water Softener Owned
  • Levels: Three Or More
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Interior Amenities: Eat-in Kitchen, Pantry, Supplemental Storage, Walk-In Closet(s)
  • Living Area: 6582
  • Eating Area: Breakfast Room,Formal Dining Room,Separate Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 4315
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 2267

Exterior Features

  • Construction Materials: Brick, Stone, Vinyl With Brick
  • Foundation Details: Concrete Perimeter, Full

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Private
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: New Palestine Jr High School
  • MBR_IntermediateSchool: New Palestine Intermediate School

Lot Info

  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 301043
  • Parcel Number: 301030300021001012
  • Acres: 5-10 Acres

Tax Info

  • Tax Annual Amount: 15508
  • Tax Lot: 30-10-30-300-021.001-012
  • Semi Annual Property Tax Amt: 7754

MLS Schools

  • High School: New Palestine High School

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $15,472 $1,472,100 $154,600 $1,317,500
2023 $15,507 $413,700 $85,800 $327,900
2022 $186 $10,400 $10,400 $0
2021 $264 $9,700 $9,700 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2025 10/06/25 Price Changed $1,670,000 -2.9% $254 / Sq Ft
09/16/2025 09/16/25 Price Changed $1,720,000 -5.5% $261 / Sq Ft
07/17/2025 07/17/25 For Sale $1,820,000 -- $277 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Deed $1,305,140 First American Title Insurance
Source: Public Records

About the Listing Agent

Harjot Suri

Midland Realty Group, Inc.

(317) 943-6814

Section Image

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22051806

MIBOR Broker Listing Cooperative®

APN: 30-10-30-300-021.001-012