NOT LISTED FOR SALE

5290 W State Road 28 Frankfort, IN 46041

Estimated Value: $593,000 - $1,325,000

22 Acres
$51,956 Price per Acre
950,915 Sq Ft Lot

Last Sold April 26, 2024

Last sale price $1,325,000 $236 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $6,806/month

Highlights

  • Basketball Court
  • 21.83 Acre Lot
  • Traditional Architecture
  • Above Ground Spa
  • Deck
  • Pole Barn

About This Lot

As of April 2024

Welcome to a dream farmstead nestled on 22 acres of open countryside! This magnificent property boasts a sprawling 5000 sq ft home with ample space for luxurious living and entertaining. With 5 bedrooms and 4 bathrooms, including a first floor primary suite, comfort and convenience are paramount. Upon entering, you'll be greeted by the grandeur of a two-story foyer and great room, featuring stunning architectural details and abundant natural light pouring in through expansive windows. The spacious layout flows seamlessly into the kitchen, complete with stainless steel appliances, plenty of cabinet space, and a center island perfect for extra seating and entertaining. The home's finished lower level offers additional living space, ideal for a recreation room, home gym, or media center-providing endless possibilities for relaxation and enjoyment. For those with a passion for agriculture or equestrian pursuits, this property includes a vast 250' x 80' pole barn and a 140' x 66' pole barn, offering ample storage for equipment, livestock, or workshop needs. But that's not all-this unique farm also features 9 acres of land zoned for commercial use, presenting an incredible opportunity for entrepreneurial endeavors, whether it be farming operations, retail space, or other commercial ventures. Outside, the expansive grounds offer a serene retreat from the hustle and bustle of city life, with plenty of space for outdoor recreation, gardening, or simply enjoying the large yard. Located in a rural setting yet conveniently close to amenities and major thoroughfares (3 miles east of I65), this property offers the perfect blend of privacy, luxury, and versatility. Don't miss your chance to own this exceptional farmstead and prepare to embark on a life of unparalleled countryside living!

Last Listed By

Justin Steill

Berkshire Hathaway Home Brokerage Email: jsteill@bhhsin.com License #RB14042626 Listed on: 03/15/2024

Berkshire Hathaway Home

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,556

Year Built

  • Built in 2006

Lot Details

  • 21.83 Acre Lot

Parking

  • 3 Car Garage

Home Design

  • Traditional Architecture
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Bay Window
  • Entrance Foyer
  • Great Room with Fireplace
  • Attic Access Panel
  • Laundry on main level

Kitchen

  • Electric Cooktop
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Finished Basement

  • Basement Fills Entire Space Under The House
  • 9 Foot Basement Ceiling Height
  • Sump Pump
  • Laundry in Basement
  • Basement Window Egress

Schools

  • Clinton Prairie Elementary School
  • Clinton Prairie Jr-Sr High School

Utilities

  • Heat Pump System
  • Well

Listing and Financial Details

  • Assessor Parcel Number 120911400014000020

Community Details

Overview

  • No Home Owners Association

Recreation

  • Above Ground Spa
  • Basketball Court
  • Deck
  • Pole Barn
  • Shed
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$5,556

Year Built

Built in 2006

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Farm
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 2006
  • Building Area Total: 5610
  • Co List Office Phone: 317-595-2100
  • Garage Y N: Yes
  • Lot Size Acres: 21.83
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: jsteill@bhhsin.com
  • Attribution Contact: jsteill@bhhsin.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Ceiling - 9+ feet, Egress Window(s), Finished, Full
  • Appliances: Electric Cooktop, Dishwasher
  • Levels: Two
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 2391
  • Fireplace Features: Great Room
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Center Island, Entrance Foyer, Pantry, Walk-in Closet(s), Wet Bar, Window Bay Bow
  • Living Area: 5610
  • Main Level Bedrooms: 2
  • Other Equipment: Sump Pump
  • Spa Features: Above Ground
  • Spa Y N: Yes
  • Areas Interior: Bedroom Other on Main,Great Room - 2 Story,Utility Room
  • Eating Area: Breakfast Room,Formal Dining Room
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 2391
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 828
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 7

Exterior Features

  • Construction Materials: Cement Siding
  • Exterior Features: Barn Pole, Barn Storage, Basketball Court, Out Building With Utilities
  • Fencing: Invisible
  • Foundation Details: Concrete Perimeter
  • List Price: 1350000
  • Patio And Porch Features: Deck Main Level
  • Pool Private Y N: No
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached, Detached
  • Garage Parking Other: Finished Garage
  • Garage Sq Ft: 1200

Utilities

  • Cooling: Central Electric
  • Heating: Heat Pump
  • Laundry Features: Main Level, In Basement
  • Water Source: Private Well
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: See Remarks
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 950958
  • Parcel Number: 120911400014000020
  • Acres: >20 Acres
  • Price Acre: 60696
  • Tillable Acres: 10

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 5556
  • Tax Block: 0
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 2778
  • Tax Exemption: Homestead Tax Exemption

MLS Schools

  • Elementary School: Clinton Prairie Elementary School
  • High School: Clinton Prairie Jr-Sr High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2024
Closed on
Apr 26, 2024
Sold by
Neal J Matthew J and Neal Cynthia D
Bought by
Munoz Benito
Seller's Agent
Justin Steill
Berkshire Hathaway Home
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$1,350,000
Sold Price
$1,325,000
Premium/Discount to List
-$25,000
-1.85%
Total Days on Market
0
Views
68
Current Estimated Value
$1,134,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$190,805
Avg. Annual Appreciation
-14.14%

Purchase Details

Closed on
Jun 15, 2007
Sold by
Neal James F
Bought by
Neal Matthew

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Munoz Benito -- None Listed On Document
Neal Matthew -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neal Matthew J $2,000,000
Previous Owner Neal J Matthew $288,240
Previous Owner Neal J Matthew $270,019
Previous Owner Neal J Matthew $30,000
Previous Owner Neal Cynthia D $30,000
Previous Owner Neal Cynthia D $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $1,325,000 -1.9% $236 / Sq Ft
03/16/2024 03/16/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $1,350,000 -- $241 / 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 $6,216 $668,600 $79,900 $588,700
2023 $6,281 $522,200 $71,400 $450,800
2022 $5,622 $516,700 $62,500 $454,200
2021 $5,203 $454,500 $57,800 $396,700
2020 $5,250 $457,500 $57,600 $399,900
2019 $5,023 $471,300 $63,800 $407,500
2018 $4,993 $479,100 $64,900 $414,200
2017 $5,097 $522,600 $70,300 $452,300
2016 $4,873 $534,700 $73,700 $461,000
2014 $4,769 $524,400 $73,700 $450,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21968402

MIBOR Broker Listing Cooperative®

APN: 12-09-11-400-014.000-020