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(SOLD) $400,000

127 S Jefferson Street Rockville, IN  47872

  • 10 Beds
  • 6 Baths
  • 7,176 sq. Ft

Property Description for 127 S Jefferson Street Rockville, IN 47872

Once in a lifetime opportunity with this turnkey business or convert to a home. The Old Jail Inn has 9 cells and comfortably sleeps 18 guests in this 1879 Italianate building located on a brick street on the town square. The Drunk Tank Winery is a wine bar located in a basement location and has a transferable wine license. Also a full-service beauty salon with a private entrance on the North side of the building. 1-bedroom private owner's apartment that the new owner could live in or lease for additional income. All memorabilia, furnite and appliances stay with this property. New On-Demand water heater, newer metal roof, windows and furnaces. New AC unit. The Old Jail Inn is a destination spot in a county with three state parks, the largest biker bar in IN, and the most covered bridges in one county in the world. The annual Covered Bridge Festival held over ten days each October draws between 1-3 million people. Reservations are easily booked through an online reservation system which would be transferred to new owners. The story of the Old Jail Inn has been reported on many news medias around the world. National magaines and TV shows such as Midwest Living, Bagger World, MSNBC, CU Living, and HGTV. In Dec. 20 it was featured on the Travel Channel. In 2020 the Old Jail Inn was selected by Visiting Indy as one of the top 20 "Unique Places to Sleep in Indiana".

Address:127 S Jefferson Street Rockville IN 47872
Status:Sold
Sold On: 10/31/2024
Price:$445,000
Bedrooms:10 Beds
Bathrooms:5 Full Baths, 1 Half Baths
Sq. Feet:7,176
Year Built:1895
Lot Size:0.21
County: Parke
Township: Adams
MLS #:21954539
Property Type:Single Family Residence

Lot Dimensions:9148
Lot Features:City Lot, Corner Lot, Sidewalks, Street Lights, Zoned
Water Source:Municipal/City
Directions:From US 36 and Jefferson Street at the Town Square, South on Jefferson to corner of Jefferson and High
Main Level Sq. Ft. :2,392
Upper Level Sq. Ft. :2,392
Total Sq. Ft. :7,176
Basement:Yes

Loan Price
$2,552
Price And Interest $2,087/month
Property Tax $298/month
MTG INS $0/month
HOME INS $167/month
Price
$400,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$298/month
Home Owner Insurance
$2,004 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Primary Bedroom 12x12 Upper
Kitchen 12x12 Upper
Living Room 12x12 Upper
Dining Room 14x12 Upper
Laundry 10-x12 Upper

Semi-Annual Property Tax:$1,788
Tax Year:2022
Mandatory HOA Fee:$

Area: 6109 - Parke - Adams
Subdivision: No Subdivision
Zip Code:47872

High School:Parke Heritage High School
Middle School:Parke Heritage Middle School

Total Sq. Ft.:7,176
Interior Features:Attic Stairway, Raised Ceiling(s), Paddle Fan, Hardwood Floors, Windows Thermal
Interior Area(s):Other
Eating Area(s):Formal Dining Room
Appliances:Dishwasher, Electric Oven, Refrigerator
Exterior Type:Brick
Cool:Central Electric
Heat:Electric
Water Heater:Dishwasher, Electric Oven, Refrigerator
Total Rooms:15
Chris Skillern, REALTOR®/Broker, F. C. Tucker Company
Chris Skillern
Additional Phone (765) 719-0877
F.C. Tucker Company

Listing provided courtesy of Jeff Moore with Jeff Moore Real Estate from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/24/2023 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.





Rockville Market Report

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The house prices in Rockville are indeed dropping at the moment. There has been a decrease in price of $0.00. 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.

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The most popular place to buy a home in Rockville is Parke County. Parke County 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 Rockville .

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Properties in Rockville are staying listed for an average of 0 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.

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The average size of properties in Rockville is 0 sq.ft. , the biggest one being null sq.ft. and the smaller being null sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.