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(SOLD) $450,000

7890 Spearsville Road Morgantown, IN  46160

  • 2 Beds
  • 2 Baths
  • 1,935 sq. Ft

Property Description for 7890 Spearsville Road Morgantown, IN 46160

**APPROVED BROWN COUNTY TOURIST RENTAL ** Charming 2-bedroom retreat on 6 acres in Brown County. Welcome to your serene sanctuary in beautiful Brown County! Nestled on nearly 6 acres of stunning landscape, this charming 2-bedroom, 2-bathroom home blends comfort and nature. Currently a successful short-term rental, this property offers a turnkey income opportunity. This retreat features two beautifully appointed bedrooms and modern bathrooms. The well-equipped kitchen opens to an inviting living room, perfect for family gatherings or quiet evenings. The loft space includes a futon for extra sleeping arrangements. Downstairs, a recreation area with a game table and PacMan arcade game awaits, along with a versatile bonus room for a home office, creative studio, or home theater. ::: Enjoy the property's covered outdoor space to kick back and enjoy, and two patios, ideal for relaxing and taking in the views. The landscape combines open areas and wooded sections, creating a peaceful retreat year-round. As an Airbnb, it has been a popular destination for family vacations, girls' getaways, and friends' retreats, ensuring great income potential. ::: All contents are included, making this a seamless investment. Don't miss the chance to own a piece of paradise that doubles as an income-generating property. Whether for a family retreat or a profitable investment, this property has it all. Schedule your showing today and experience its charm and potential!

Address:7890 Spearsville Road Morgantown IN 46160
Status:Sold
Sold On: 12/6/2024
Price:$454,900
Bedrooms:2 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,935
Year Built:2010
Lot Size:5.88
County: Brown
Township: Hamblen
MLS #:21990072
Property Type:Single Family Residence

Lot Dimensions:256220
Lot Features:Mature Trees
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :896
Upper Level Sq. Ft. :143
Total Sq. Ft. :1,935
Basement:Yes

Loan Price
$2,623
Price And Interest $2,347/month
Property Tax $88/month
MTG INS $0/month
HOME INS $188/month
Price
$450,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$88/month
Home Owner Insurance
$2,256 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Primary Bedroom 13x14 Main
Kitchen 9x9 Main
Dining Room 8x9 Main
Living Room 17x14 Main
Family Room 12x12 Basement
Bedroom 2 12x13 Basement
Laundry 7x8 Basement
Loft 11x13 Upper

Semi-Annual Property Tax:$525
Tax Year:2023
Mandatory HOA Fee:$

Area: 702 - Brown - Hamblen
Subdivision: No Subdivision
Zip Code:46160

Total Sq. Ft.:1,935
Interior Features:Vaulted Ceiling(s), Walk-in Closet(s), Windows Thermal, WoodWorkStain/Painted, Bath Sinks Double Main, Entrance Foyer, Hi-Speed Internet Availbl, Programmable Thermostat
Interior Area(s):Living Room - 2 Story
Eating Area(s):Dining Combo/Kitchen
Appliances:Dishwasher, Dryer, Electric Water Heater, ENERGY STAR Qualified Appliances, MicroHood, Electric Oven, Refrigerator, Washer
Exterior Features:Barn Mini
Exterior Type:Wood
Fireplace(s):Living Room, Woodburning Fireplce
Cool:Central Electric
Heat:Forced Air, Heat Pump, Electric
Water Heater:Dishwasher, Dryer, Electric Water Heater, ENERGY STAR Qualified Appliances, MicroHood, Electric Oven, Refrigerator, Washer
Total Rooms:9
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 Bob Blass with Brown County Real Estate from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 07/09/2024 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.





Morgantown Market Report

131
Avg. DOM
$202.97
Avg. $ / Sq.Ft.
$ 389,000
Med. List Price

The house prices in Morgantown are not dropping at the moment. There has been a increase in price of $48,470.40. 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 Up. The average house price is $382,000.00 and the average price per square feet is $202.68 per square feet. At the moment, the amount of homes listed is exactly 57 houses, with 16 with active status, 4 with pending status and 37 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 $2,398.53. 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 80 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 3521 minutes ago.

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

The cost of the most expensive home in Morgantown is $3,200,000.00. 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 2019.

The average size of properties in Morgantown is 2539.94 sq.ft. , the biggest one being 4493 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.