5795 W Prospect Rd Hanover, IN 47243
Estimated payment $1,224/month
Highlights
- Popular Property
- Hilly Lot
- Many Trees
- Waterfront
- Creek On Lot
About This Lot
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.
Rob Haubry
Listed on: 07/29/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,109
Lot Details
- Waterfront
- Property fronts a county road
- Rural Setting
- Hilly Lot
- Many Trees
- Current uses include hunting/fishing, timber, homestead
Outdoor Features
- Creek On Lot
- Wildlife includes whitetail deer, turkeys, deer
Additional Features
- Easements include none, utilities
- Septic Tank
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 |
|---|---|---|---|---|
| 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 | -- |
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