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$2,500,000

0 Richards Road Morgantown, IN  46160

  • 1 Beds
  • 5 Baths
  • 8,500 sq. Ft

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Property Description for 0 Richards Road Morgantown, IN 46160

Unique opportunity to own a New Construction Custom 3 BD/5BA Home on 50 wooded acres located in northern Brown County! This property has it all; Custom Home situated to overlook a future 6 acre Lake, Wooded Acreage, and a massive 60'x120' Barn! Main level of home features an open concept floor plan with Cathedral ceiling over Dining and Living room. 10' ceilings throughout the rest of the main level. A 1,600sqft Loft offers a half bathroom and a Large Bonus Room. Loft is open to the Living and Dining area. Walk-out Basement has 10' ceilings and will have 2 bedrooms and 2 full bathrooms. Basement is very unique with 12" poured concrete walls, Safe Room, and will have a Cold Storage area. The Barn will have a 600sqft Accessory Dwelling Unit. The ADU will offer 1 bedroom, a full bathroom, Kitchen, and Laundry connection. Radiant Floor Heat through-out the Barn, Basement and 4 Car Attached Garage. This property is not your typical new build as the infrastructure is unmatched. The Home and Barn have a 400 amp Electrical Service and both structures are set up for backup Generators. Property is connected to Municipal Water supplied with a 2" water supply line. There are 6 water hydrants throughout the property approx. 300' apart with their own respective shut off valves. The house can be heated with a Duel Heating System utilizing LP Forced Air and/or the Outdoor Wood Burning Furnace. Property utilizes a 5 bedroom septic system and has a second septic approved for a future residence. Purchase now to finish the home with your own builder and customize with your own preferences! By appointment only. No trespassing.

Address:0 Richards Road Morgantown IN 46160
Status:Active
on site: 78 days
Price:$2,500,000
Bedrooms:1 Beds
Bathrooms:3 Full Baths, 2 Half Baths
Sq. Feet:8,500
Year Built:2024
Lot Size:50.00
County: Brown
Township: Jackson
MLS #:21995190
Property Type:Single Family Residence

Lot Dimensions:2178000
Lot Features:Not In Subdivision, Wooded
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :2,400
Upper Level Sq. Ft. :1,600
Total Sq. Ft. :8,500
Basement:Yes

Loan Price
$14,089
Price And Interest $13,041/month
Property Tax $6/month
MTG INS $0/month
HOME INS $1,042/month
Price
$2,500,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$6/month
Home Owner Insurance
$12,504 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 20x20 Main
Primary Bedroom 18x14 Main
Dining Room 20x20 Main

Semi-Annual Property Tax:$034
Tax Year:2023
Other Disclosures:As Is, Other
Mandatory HOA Fee:$

Area: 701 - Brown - Jackson
Subdivision: No Subdivision
Zip Code:46160

Total Sq. Ft.:8,500
Interior Features:Cathedral Ceiling(s), Raised Ceiling(s), Hi-Speed Internet Availbl, In-Law Arrangement, Pantry, Supplemental Storage, Walk-in Closet(s)
Interior Area(s):Laundry in Unit, Utility Room
Eating Area(s):Dining Combo/Kitchen
Appliances:None
Equipment:Generator, Sump Pump Dual
Exterior Features:Carriage/Guest House, Out Building With Utilities
Exterior Type:Other
Fireplace(s):Living Room
Cool:Central Electric
Heat:Dual, Propane, Radiant Floor, Wood Stove
Water Heater:None
Total Rooms:7
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Justin Cave with Smythe & Co, Inc from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 08/06/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Morgantown Market Report

92
Avg. DOM
$175.53
Avg. $ / Sq.Ft.
$ 389,000
Med. List Price

The house prices in Morgantown are indeed dropping at the moment. There has been a decrease in price of $63,588.89. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Morgantown are going Down. The average house price is $389,000.00 and the average price per square feet is $178.24 per square feet. At the moment, the amount of homes listed is exactly 73 houses, with 15 with active status, 6 with pending status and 52 sold in Morgantown .

The most popular place to buy a home in Morgantown is 701 - Brown - Jackson. 701 - Brown - Jackson is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Morgantown .

The average amount of property taxes you would have to pay for a home in Morgantown is $1,681.20. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Morgantown are staying listed for an average of 93 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Morgantown was 7889 minutes ago.

At the moment we have 1 open houses that you can visit.

The cost of the most expensive home in Morgantown is $2,500,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Morgantown is $125,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Morgantown in year 1890 and the newest built house is in year 2024.

The average size of properties in Morgantown is 2692.33 sq.ft. , the biggest one being 8500 sq.ft. and the smaller being 1004 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.