$240,000
SOLD JUL 1, 2024

5613 E Mineral-Koleen Rd Bloomfield, IN 47424

80 Acres
$2,990 Price per Acre
3,496,997 Sq Ft Lot

Recently Sold

Highlights

  • 80.28 Acre Lot
  • Agricultural
  • Spring water is a source of water for the property

About This Lot

As of July 2024

This parcel consists of 80.28 wooded acres and joins the 21-acre parcel on its south and is 1/4 mile directly north of the house at 5615 E. Mineral-Koleen Rd. All of this parcel has been registered as a Classified Forest. This designation greatly reduces the real estate taxes. The total real estate tax due in 2024 is $32. Since 1985 this forest has been managed for timber production. Between 1993 and 2014 this forest has returned over $168,000 to the owner through timber sales. This parcel currently has approximately $40,000 net-to-owner of marketable timber, which should appreciate with time and management. This parcel is home to the Trail Tree, the namesake of this forest. Indiana District Forester Steve Marling suggests that Early Americans would bend over and tie down a sapling, pointing the direction of a trail. This growing trail marker would last for many years with no maintenance. As side branches on that bent stem would reach for light, they took over the growth dominance. With natural springs for water, hills for outlook, valleys for cover, and sandy, well-drained soils in this immediate area, it is absolutely possible that this area was the home of Early Americans. See the included picture of the Trail Tree. At the northern end of this parcel there is a rocky creek bed with natural stone walls, and perhaps even a small cave. These serene landscapes are worth the hike to see. A picture of one of the stone wall formations is included. Whitetail deer, turkeys, grey squirrels, raccoons, rabbits and more inhabit this area, offering wildlife watching and hunting opportunities. If the buyer of these 80 acres is not an adjoining landowner, or the buyer of the 21-acre parcel, there will be a 15' wide easement created parallel to the west line of the 21-acre parcel for ingress to the 80-acre parcel. An adjoining 21-acre parcel with road frontage, and a 4 BR/2 BA home on 5 acres are also being offered.

Last Agent to Sell the Property

John Wells

Wells Auction & Realty Brokerage Phone: 812-875-2323 Listed on: 06/04/2024

Last Buyer's Agent

John Wells

Wells Auction & Realty Brokerage Phone: 812-875-2323 Listed on: 06/04/2024

Property Details

Property Type

  • Land

Lot Details

  • 80.28 Acre Lot
  • Lot Dimensions are 2640' x 1302.75'
  • Property fronts a county road
  • Dirt Road
  • Rural Setting
  • Finished Lot(s)
  • Subdivision Possible

Schools

  • Bloomfield Elementary And Middle School
  • Bloomfield High School

Additional Features

  • Agricultural
  • Spring water is a source of water for the property

Listing and Financial Details

  • Assessor Parcel Number 28-12-03-000-017.000-019

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Legal Description: 019-00668-00 NW SE 39.475A F.R. .525A NONSW SE 3 6 4 39.75A F.R. .525A NON
  • Parcel Number ID: 28-12-03-000-017.000-019
  • Platted: Yes
  • Location: Rural
  • Road Access: Easement
  • Road Surface: Dirt
  • Sp Lp Percent: 100
  • Parcel Description: Heavily Wooded, Rolling, Undeveloped, 15+
  • Restrictions: DNR Restrictions
  • Type of Sale: Traditional
  • Can Be Subdivided: Yes
  • Options: Additional Land Available
  • Side Of Road: North
  • Type Use: Agriculture, Camp/RV with Land, Recreational
  • Year Taxes Payable: 2025
  • Special Features: None

Exterior Features

  • Road Frontage: County

Utilities

  • Water Utilities: Spring, Available
  • Fuel Type: Electric, Available

Schools

  • School District: Bloomfield S.D.
  • Elementary School: Bloomfield
  • Middle School: Bloomfield
  • High School: Bloomfield
  • Elementary School: Bloomfield

Lot Info

  • Lot Dimensions: 2640' X 1302.75'
  • Estimated Lot Sq Ft: 3496997
  • Estimated Lot Size Acres: 80.28
  • Numberwooded Acres: 80
  • Number Timber Acres: 80

Tax Info

  • Annual Taxes: 32

MLS Schools

  • High School: Bloomfield
  • Middle School: Bloomfield
  • School District: Bloomfield S.D.

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $240,000 0.0% --
06/04/2024 06/04/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $240,000 -- --
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    John Wells

    Wells Auction & Realty

    (812) 875-2323

    42 Total Sales

    John Wells
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202420241

Indiana Regional MLS

Indiana Greene County Bloomfield 47424

5613 E Mineral-Koleen Rd, Bloomfield, IN

This home is located at 5613 E Mineral-Koleen Rd, Bloomfield, IN 47424 and is currently priced at $240,000. 5613 E Mineral-Koleen Rd is a home located in Greene County with nearby schools including Eastern Greene Elementary School, Eastern Greene Middle School, and Eastern Greene High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes