$1,200,000

7055 State Road 64

Georgetown IN, 47122

Description

Build your dream home in a setting that looks as though T.C. Steele could have painted it. This is a unique opportunity to own approximately 159 amazing acres without having to pay an amazing development price. Easy access to I-64; 15 minutes from downtown Louisville. Floyd Central schools. Adjacent to new Novaparke Innovation & Technology Campus. As part of Novaparke development, county is building a new road that will provide access to property without having to cross train tracks, and extending water and sewer to property. Property includes two houses, a Craftsman bungalow and a tenant house, which offer potential for guest house, Airbnb, studio or many other uses. Main house features oak woodwork, maple floors, two sets of working pocket doors and a new metal roof. Electricity is on, but house will require utility updates and extensive rehab. Tenant house has charm but needs everything else. Price reflects development restrictions. Property will be sold subject to a preservation and conservation easement, which will require preservation of the two existing houses, several barns and other outbuildings and a family cemetery. Three barns (largest is 56 x 40), have been rehabbed, including new roofs. Seller intends to allow construction of one new home and appropriate outbuildings, subject to design approval, although seller is willing to consider any proposal that would preserve the agrarian character of the property. Listing agent is a member of sellers board of directors.

Details

MLS#2019011629
StyleHouse
Sub-TypeResale
StatusActive
Year1915
Days On Site23

Features

Bed(s)3
Bath(s) 1 Full
SQ Feet1,685
Garage2
Story(s)1 1/2 Story
Acreage158.72
Property ViewYes

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Area Information

StateIN
CountyFloyd
CityGeorgetown
Zip Code47122
AreaFloyd
Listing VS Median (in 47122)
Price:
$1,200,000
low | high
Med:
$215,900
100% of Average
SqFt:
1,685
low | high
Med:
1,289
73.501483679525% of Average
$ / SqFt:
$712
low | high
Med:
$168
100% of Average
On Site:
23
low | high
Med:
101
22.772277227723% of Average
Listing Updated: 11/16/2019
MLS Number: 2019011629
Listing Provided By:
Edward Clere  of  Compass REALTORS LLC