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$2,400,000   Price Analysis
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423 E State Road 38
Pendleton, IN 46064
5 bed 5 bath 6,508 SqFt ($368/SqFt)
47.25 acre lot. Built 1985
Listed 2024-03-16
May be USDA loan restricted due to income limits
near Pendleton

Welcome to a truly unique and highly coveted private estate nestled on 47 picturesque acres in Pendletn.

This extraordinary property boasts an expansive custom brick home spanning over 6, 000 sq ft, with hundreds of thousands of dollars invested in exquisite upgrades. Designed to cater to discerning tastes, this estate offers an ideal haven for equine enthusiasts, featuring a vast fenced pasture with room to expand, multiple barns, hayfield (~12 acres), impeccably maintained stables, riding and ATV trails parallel with Lick Creek, tack room, plus studio apartment.

The 40x80 pole barn further enhance the equestrian facilities. Immerse yourself in the natural splendor of approximately 19 acres of majestic woods, pond and a meandering creek, creati ng a sanctuary for a diverse array of wildlife. Outdoor gatherings are effortlessly elevated with a covered porch/lounge area, an inviting outdoor kitchen/bar, a charming dining space and an enticing inground heated saltwater pool. Experience the epitome of luxury living and embrace the allure of this remarkable estate, where every detail has been meticulously crafted to offer a lifestyle of unparalleled refinement and tranquility.


Presented by Heather Upton at
Keller Williams Indy Metro Ne.
Listing Agent Photo

Property MLS #21968652 from MIBOR

Bedrooms: 5
Bedrooms On Main Level: 1
Bedrooms On Upper Level: 4
Primary Bedroom Dimensions: 22 x 16
Bedroom 2 Dimensions: 18 x 12
Bedroom 3 Dimensions: 13 x 11
Bedroom 4 Dimensions: 19 x 15
Bedroom 5 Dimensions: 19 x 14
Primary Bedroom Level: Main
Bedroom 2 Level: Upper
Bedroom 3 Level: Upper
Bedroom 4 Level: Upper
Bedroom 5 Level: Upper
Primary Bedroom Description: Closet Walk in

Total Rooms: 12
Hearth Room: 13 x 9 x Main
Entry Foyer Dimensions: 17 x 10
Exercise Room Dimensions: 16 x 11
Extra Room-3 Dimensions: 22 x 15
Game/Recreation Room Dimensions: 21 x 17
Great Room Dimensions: 22 x 17
Mud Room Dimensions: 9 x 7
Entry Foyer Level: Main
Exercise Room Level: Main
Extra Room-3 Level: Upper
Game/Recreation Room Level: Main
Great Room Level: Main
Mud Room Level: Main

Total Bathrooms: 5
Full Bathrooms: 3
1/2 Bathrooms: 2
Full Bathrooms On Main Level: 1
Half Bathrooms On Main Level: 2
Full Bathrooms On Upper Level: 2

Attic Access
Attic Pull Down Stairs
Vaulted Ceiling(s)
Center Island
Entrance Foyer
Walk-in Closet(s)
Wet Bar

Gas Cooktop
Dishwasher
Disposal
Laundry Features: Laundry Room, Main Level

Cooling Features: Central Electric
Fireplace Features: Gas Log, Great Room, Hearth Room, Masonry
Heating Features: Dual, Electric, Forced Air, High Efficiency (90%+ AFUE )
Number of Fireplaces: 2

Breakfast Room Dimensions: 16 x 13
Breakfast Room Level: Main
Dining Area Description: Breakfast Room
Dining Room Dimensions: 12 x 13
Dining Room Level: Main
Kitchen Dimensions: 19 x 12
Kitchen Features: Kitchen Updated
Kitchen Level: Main

Balcony
Barn Pole
Barn Storage
Carriage/Guest House
Out Building With Utilities
Outdoor Kitchen
Fencing: Invisible, Split Rail
Patio And Porch Features: Covered Patio, Covered Porch, Deck UP

Pool Features: Heated, In Ground, Liner, Outdoor Pool, Pool Cover, Salt Water
Pool Private: Yes

Lot Description: Rural - Not Subdivision, Mature Trees, Wooded
Lot Size Acres: 47.25
Lot Size Square Feet: 2058210

Garage Spaces: 3
Parking Features: Attached, Asphalt, Garage Door Opener
Garage Sqft: 1150

Elementary School: Pendleton Elementary School
High School: Pendleton Heights High School
High School District: South Madison Com Sch Corp
Middle School: Pendleton Heights Middle School

Pendleton Heights High School is a public high school located approximately 3.7 miles away.
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East Elementary School is a public elementary school located approximately 0.9 miles away.
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Pendleton Heights Middle School is a public middle school located approximately 3.3 miles away.
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Calculated Total Monthly Association Fees: 0

Source Listing Status: Active
County: Madison
Directions: GPS Friendly
Tax Year: 2023
Source Property Type: Residential
Area: 4817 - Madison - Adams
Source Neighborhood: 4817 - Madison - Adams
Parcel Number: 481319900001000001
Postal Code Plus 4: 9008
Township: Adams
Property Subtype: Single Family Residence
Lot Number: 48-13-19-900-001.000-001
Source System Name: C2C

Listed 2024-03-16
$2,400,000
MIBOR

Total Square Feet Living: 6508
Year Built: 1985
Construction Materials: Brick
Foundation Details: Block
Levels: Two
Property Age: 39
Property Condition: Updated/Remodeled
Total Area Main: 2679
Total Area Upper: 3829
Architectural Style: TraditonalAmerican

Electricity Connected
Water Source: Private Well

Other Equipment: Iron Filter, Smoke Alarm
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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.