1 of 4
Tools
Size
21 Acres
Exterior
Financial
$70,000
Change Currency
$66
Annual taxes
Listing Details
Land
Property type
11873815
Web Id
202420243
MLS ID
122
Days Posted
Description
5611 E Mineral-Koleen Road,
Bloomfield,
IN
47424
Bloomfield, IN 47424
This parcel consists of approximately 21 wooded acres with road frontage on Mineral-Koleen Road, 7 miles southeast of Bloomfield, Indiana, and just 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. Approximately 15 acres of this parcel 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.
This is an Pending listing.
Broker Office Phone Number: 812-875-2323
Copyright © 2024Bloomington MLS, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Pending listing.
Broker Office Phone Number: 812-875-2323
Copyright © 2024Bloomington MLS, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Price History
date | price | variance | type |
---|---|---|---|
6/5/2024 | $70,000 | - | Contract |
Listing By: Wells Auction & Realty via Data Source: Bloomington MLS, Inc.
listing agent: John Wells