$70,000 Price Analysis   ♡   Bloomfield, IN 47424 Unknown bed 0 bath unknown SqFt ($0/SqFt) 21.0 acre lot. Listed 2024-06-04 | Ⓧ USDA Ineligible due to property near Bloomfield |
This parcel consists of approximately 21 wooded acres with road frontage on Mineral-Koleen Road
* Sale Pending *7 miles southeast of Bloomfield, Indiana and north of the home at 5615 E. Mineral-Koleen Rd. The road frontage provides direct access to potential home building sites. This parcel joins the 5 acres with the house on its south and the 80 acres on its north. Approxim ately 15 acres of this prcel has been registered as a Classified Forest. This designation greatly reduces real estate taxes. The total real estate tax due in 2024 is $66. 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 $10, 000 net-to-owner of marketable timber, which should appreciate with time and management. Whitetail deer, turkeys, grey squirrels, racoons, rabbits and more inhabit this area, offering wildlife watching and hunting opportunities. An adjoining 80-acre parcel with road frontage and a 4 BR/2 BA home on 5 acres are also being offered. If the buyer of the 80 acres is not an adjoining landowner or the buyer of this parcel, there will be a 15' wide easement created parallel to the west line of this parcel for ingress to the 80-acre parcel.
Presented by John Wells at
Wells Auction & Realty.
Property MLS #202420243 from IRMLS
Lot Size Acres: 21.0
Lot Size Dimensions: 1295' x 1000'
Lot Size Square Feet: 914760
Road Frontage Type: County
Road Surface Type: Asphalt
High School: Bloomfield
Middle School: Bloomfield
School District: Bloomfield S.D.
Map directions Map directionsSource Listing Status: Pending
County: Greene County
Directions: On Hwy 231 at the south edge of Bloomfield, turn east onto Furnace Rd. Go 1.8 miles to T and turn right onto Mineral-Koleen Rd. Go 5 miles. The property is just north of the home at 5615 E. Mineral-Koleen Rd.
Tax Year: 2025
Source Property Type: LOTS AND LAND
Possible Use: Residential, Camp/RV with Land, Recreational
Township: Taylor
Property Subtype: Residential Land
Source System Name: C2C
$70,000
IRMLS
City
Available
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.