$825,000
$45K PRICE DROP

7422 S 575 W Morgantown, IN 46160

Estimated payment $4,781/month

Total Views 686
3 Beds
2 Baths
1,680 Sq Ft
$491 Price per Sq Ft

Highlights

  • Very Popular Property
  • Ranch Style House
  • Formal Dining Room
  • 41 Acre Lot
  • No HOA
  • 2 Car Detached Garage

About This Home

What a beautiful serene country setting! This 41 acre horse farm located in southern Johnson County has great pastures, a few acres that are tillable, and lots of riding space. You can sit on the large deck (14X24 ft) out front and watch the sun rise with your coffee, as well as, sit on the back deck (12X24 ft) and watch the sun set with your family. The house has been remodeled with new flooring throughout, new counter tops, new master tub and double vanity and new paint and woodwork throughout. The horse barn has 7 stalls, a holding pen, tack room, and office with electric and water. The equipment barn has several areas for hay, equipment, trailers, a dog pen, 200 amp electric service and water. Everything you need for your horses and youngins.

Listing Agent

Eric Eisenmenger

Trusted Realty Partners of Ind License #RB14050104 Listed on: 07/09/2025

Co-Listing Agent

Jeff Eisenmenger

Trusted Realty Partners of Ind License #RB14050283

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,690

Year Built

  • Built in 1997

Lot Details

  • 41 Acre Lot
  • Additional Parcels

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,680 Sq Ft Home
  • Entrance Foyer
  • Formal Dining Room
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Indian Creek Elementary School
  • Indian Creek Middle School
  • Indian Creek Intermediate School
  • Indian Creek Sr High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 1 / 15:Hensley Twp
  • Assessor Parcel Number 411028023018000015

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,690

Year Built

Built in 1997

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Modular, Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1997
  • Building Area Total: 1680
  • Garage Y N: Yes
  • Lot Size Acres: 41
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Gas Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Breakfast Bar, Entrance Foyer
  • Living Area: 1680
  • Main Level Bedrooms: 3
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1680
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Fence Complete
  • Foundation Details: Crawl Space
  • List Price: 825000
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached
  • Fuel: Propane Leased
  • Garage Parking Other: Garage Door Opener,Service Door,Other
  • Garage Sq Ft: 816

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Septic System, Water Connected
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Forced Air, Propane
  • Laundry Features: Main Level
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Indian Creek Middle School
  • MBR_IntermediateSchool: Indian Creek Intermediate School

Lot Info

  • Property Attached Yn: No
  • Additional Parcels Description: 1 Acre Lot, 39 Acre Lot
  • Additional Parcels: Yes
  • Horse Amenities: Barn, Hay Storage, Pasture, Stable(s), Tack Room, Trailer Storage
  • Lot Size Sq Ft: 45738
  • Parcel Number: 411028023018000015
  • Acres: >20 Acres
  • Price Acre: 20122

Tax Info

  • Tax Annual Amount: 2690
  • Tax Block: 15:Hensley Twp
  • Tax Lot: 1
  • Semi Annual Property Tax Amt: 1345

MLS Schools

  • Elementary School: Indian Creek Elementary School
  • High School: Indian Creek Sr 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 $2,689 $188,200 $32,700 $155,500
2023 $2,580 $179,500 $32,700 $146,800
2022 $2,372 $165,100 $28,700 $136,400
2021 $894 $143,800 $28,700 $115,100
2020 $804 $139,000 $28,700 $110,300
2019 $729 $131,600 $28,700 $102,900
2018 $658 $127,700 $28,700 $99,000
2017 $628 $118,400 $28,700 $89,700
2016 $584 $117,800 $28,700 $89,100
2014 $610 $122,200 $28,700 $93,500
2013 $610 $124,200 $28,700 $95,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Price Changed $825,000 -5.2% $491 / Sq Ft
07/09/2025 07/09/25 For Sale $869,900 +71.9% $518 / Sq Ft
12/03/2021 12/03/21 Sold $506,000 +1.2% $301 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
11/16/2021 11/16/21 For Sale $500,000 -- $298 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Deed -- None Available
Source: Public Records

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22049704

MIBOR Broker Listing Cooperative®

APN: 41-10-28-023-018.000-015