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$489,900 $10,000on 10/25/2024(Pending)

5832 N Michigan Road Fairland, IN  46126

  • 5 Beds
  • 2 Baths
  • 3,832 sq. Ft

Property Description for 5832 N Michigan Road Fairland, IN 46126

This stately 5-bedroom, 2-bathroom brick home sits on a picturesque 6.3-acre estate, offering over 3,200 square feet of living space. Full of character and timeless appeal, the home features rich hardwood floors, built-in cabinets, and classic architectural details throughout. The formal living room, complete with a wood burning fireplace, exudes warmth and charm, while the bonus room, sunroom, and cozy sitting room provide versatile spaces for relaxation and entertaining. Step outside to enjoy the large, wrapping porch or take in scenic views from the private balcony off one of the second-floor bedrooms. The unfinished basement offers potential for even more living space, ready to be customized to suit your needs. The property includes a separate 2 car block garage equipped with it's own furnace and loft area above for a possible man cave heaven. Equestrians will love the well-appointed horse barn with 9 stalls, paddocks, and lush pastures, perfect for a hobby farm or riding enthusiasts. This unique property is a rare find, combining old-world charm with modern comforts in a peaceful countryside setting along with fruit years on the estate. With just a little TLC and your own personal touch, this could be your dream home. Recent updates include roof, chimney work, reverse osmosis, and drain tile in basement. Don't miss out on this exceptional opportunity!
QuickBuy option for home selling

Address:5832 N Michigan Road Fairland IN 46126
Status:Pending
on site: 21 days
Price:$489,900
Bedrooms:5 Beds
Bathrooms:2 Full Baths
Sq. Feet:3,832
Year Built:1938
Lot Size:6.54
County: Shelby
Township: Brandywine
MLS #:22006007
Property Type:Single Family Residence

Lot Dimensions:274428
Lot Features:Rural - Not Subdivision, Mature Trees
Water Source:Private Well
Directions:GPS Friendly
Main Level Sq. Ft. :1,658
Upper Level Sq. Ft. :1,186
Total Sq. Ft. :3,832
Basement:Yes

Loan Price
$2,980
Price And Interest $2,556/month
Property Tax $220/month
MTG INS $0/month
HOME INS $204/month
Price
$489,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$220/month
Home Owner Insurance
$2,448 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
10/25/24 $499,900 $489,900 -2%
10/17/24 $509,900 $499,900 -1.96%

RoomSizeLevel
Living Room 23x13 Main
Dining Room 12x11 Main
Kitchen 14x9 Main
Primary Bedroom 14x13 Upper
Bedroom 2 15x12 Upper
Bedroom 3 17x15 Upper
Bedroom 4 11x11 Main
Bedroom 5 12x11 Main
Sitting Room 16x15 Main
Sun Room 18x12 Main
Bonus Room 23x17 Upper

Semi-Annual Property Tax:$1,321
Tax Year:2023
Other Disclosures:As Is, Needs Updating, Sales Disclosure On File
Mandatory HOA Fee:$

Area: 7306 - Shelby - Brandywine
Subdivision: No Subdivision
Zip Code:46126

High School:Northwestern Senior High School
Middle School:Northwestern Middle School
Elementary School:Northwestern Elementary School

Total Sq. Ft.:3,832
Interior Features:Attic Access, Entrance Foyer, Hardwood Floors, Window Metal, Wood Work Stained
Interior Area(s):Bedroom Other on Main, Living Room Formal
Eating Area(s):Formal Dining Room
Appliances:Dishwasher, Electric Water Heater, MicroHood, Gas Oven, Refrigerator, Water Softener Owned
Exterior Features:Barn Pole
Exterior Type:Brick, Vinyl Siding
Fuel:Propane Owned
Fireplace(s):Living Room, Woodburning Fireplce
Cool:Central Electric
Heat:Forced Air
Water Heater:Dishwasher, Electric Water Heater, MicroHood, Gas Oven, Refrigerator, Water Softener Owned
Total Rooms:11
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Nathan Runnebohm with Runnebohm Realty, LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/09/2024 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.





Fairland Market Report

95
Avg. DOM
$207.78
Avg. $ / Sq.Ft.
$ 426,950
Med. List Price

The house prices in Fairland are not dropping at the moment. There has been a increase in price of $61,933.33. 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 Fairland are going Up. The average house price is $255,000.00 and the average price per square feet is $206.42 per square feet. At the moment, the amount of homes listed is exactly 60 houses, with 9 with active status, 8 with pending status and 43 sold in Fairland .

The most popular place to buy a home in Fairland is 7301 - Shelby - Moral. 7301 - Shelby - Moral 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 Fairland .

The average amount of property taxes you would have to pay for a home in Fairland is $2,379.49. 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 Fairland are staying listed for an average of 68 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 Fairland was 4403 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Fairland is $2,400,000.00. 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 Fairland is $165,000.00 . 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 Fairland in year 1955 and the newest built house is in year 2024.

The average size of properties in Fairland is 2738.78 sq.ft. , the biggest one being 10350 sq.ft. and the smaller being 960 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.