5795 W Prospect Rd Hanover, IN 47243
Estimated payment $1,165/month
Highlights
- Barn
- 10.7 Acre Lot
- Main Floor Primary Bedroom
- Home fronts a creek
- Open Floorplan
- Separate Outdoor Workshop
About This Home
Fantastic 10.7± acre wooded property offering the perfect mix of privacy, functionality, and opportunity. This rural retreat features a 24x24 rustic cabin equipped with modern amenities including fiber optic internet, heating and cooling, plumbing, a tankless water heater, and a 300-gallon septic system. The cabin is nearly complete and only needs a few finishing touches such as flooring and ceiling work. Also included on the property is a 40x50 pole barn ideal for equipment storage or workshop use, along with a 20x20 livestock barn, making it well-suited for a mini farm or hobby homestead. The land itself is beautifully wooded with a healthy mix of hardwood and softwood timber, and includes a gorgeous year-round creek that enhances both the scenery and recreational appeal. This property offers outstanding hunting and plenty of space for outdoor enjoyment, gardening, or raising animals. Located just minutes from the Ohio River and approximately 30 minutes from both Madison, IN and I-65, it provides a great location between Louisville and Cincinnati while still offering the quiet and charm of country living. A true gem for anyone seeking a homesite, recreational escape, or self-sufficient rural lifestyle.
Property Details
Property Type
- Other
Est. Annual Taxes
- $1,852
Year Built
- Built in 2020
Lot Details
- 10.7 Acre Lot
- Home fronts a creek
- Landscaped with Trees
Home Design
- Cabin
- Farm
- Frame Construction
- Metal Roof
- Wood Siding
Interior Spaces
- 576 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Living Room
- Washer
Kitchen
- Oven
- Microwave
- Laminate Countertops
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
Parking
- Detached Garage
- Driveway
Outdoor Features
- Patio
- Separate Outdoor Workshop
- Outbuilding
Farming
- Barn
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Water Heater
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,109 | $210,200 | $14,500 | $195,700 |
| 2023 | $2,074 | $209,800 | $14,100 | $195,700 |
| 2022 | $2,135 | $213,400 | $13,700 | $199,700 |
| 2021 | $1,872 | $185,800 | $13,400 | $172,400 |
| 2020 | $1,872 | $185,800 | $13,400 | $172,400 |
| 2019 | $1,844 | $186,100 | $13,700 | $172,400 |
| 2018 | $1,829 | $186,200 | $13,800 | $172,400 |
| 2017 | $1,383 | $156,100 | $13,700 | $142,400 |
| 2016 | $1,394 | $158,100 | $13,800 | $144,300 |
| 2014 | $1,174 | $149,300 | $13,900 | $135,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | Pending | -- | -- | -- |
| 07/29/2025 07/29/25 | For Sale | $189,900 | -- | $330 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $345,000 | Madison Land Title | |
| Grant Deed | $240,000 | -- |
Source: My State MLS
MLS Number: 11545124
APN: 39-16-02-200-003-000-012
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