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$312,999 $47,000on 10/21/2024

State Road 161 Rockport, IN  47635

  • 80.00 Acres

Property Description for State Road 161 Rockport, IN 47635

Investment Property - 80 Acres of Prime Land with WRE Potential This 80-acre property presents a rare investment opportunity with both tillable land and timber ground that offers excellent returns and future potential. Property Features: 15 Acres +/- of Tillable Land: The tillable acres could continue to be farmed or enrolled in a Wet Land Reserve Easement WRE. WRE is currently paying $6,840 per acre, totaling $102,600 in income from tillable acres. 15 Acres of Timber Ground Eligible for WRE: Currently WRE is paying $5,070 per acre for timber acres, providing an additional $76,050. WRE Enrollment Potential: After two years of ownership, both the 15 acres of tillable land and the 15 acres of timber ground can be enrolled in the Wetlands Reserve Easement (WRE) program, offering conservation benefits and added long-term value. Timber Value: There is approximately $40,000 in timber on the property. Hunting Lease: The property is ideal for leasing to hunters for deer, turkey, and waterfowl, creating another revenue stream. With the WRE potential, timber value, and hunting lease, you could see a total return of $215,000 while still enjoying this beautiful property for recreational use. An adjoining 80-acre property with similar returns, WRE possibilities, timber, and hunting lease potential is also available for purchase. It’s very rare to find a hunting property with this kind of return.

Address:State Road 161 Rockport IN 47635
Status:Active
on site: 353 days
Price:$312,999
Bathrooms:0
Lot Size:80.00
County: Spencer
Township: Ohio Township
MLS #:102463
Property Type:Farm

Lot Dimensions:80
Zoning:und

Loan Price
Price And Interest $1,633/month
Property Tax /month
MTG INS $0/month
HOME INS $130/month
Price
$312,999
Down Payment %
0 %
Down Payment
$0
Property Taxes
/month
Home Owner Insurance
$1,560 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
10/21/24 $359,999 $312,999 -13.06%

RoomSizeLevel
Living Room Info Not Available
Family Room Info Not Available
Kitchen Info Not Available
Dining Room Info Not Available
Master Bedroom Info Not Available
2nd Bedroom Info Not Available
3rd Bedroom Info Not Available
4th Bedroom Info Not Available

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

Area: Spencer
Zip Code:47635

High School:South Spencer High School
Middle School:South Spencer Middle School
Elementary School:Rockport Elementary

Customer Service Evansville, REALTOR®/Broker, F. C. Tucker Company
Customer Service Evansville
Additional Phone (812) 402-0200
F.C. Tucker Company

Listing provided courtesy of TODD HARRISON with MOSSY OAK PROPERTIES INDIANA LAND AND LIFESTYLE

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Rockport Market Report

182
Avg. DOM
$193.41
Avg. $ / Sq.Ft.
$ 345,000
Med. List Price

The house prices in Rockport are indeed dropping at the moment. There has been a decrease in price of $1,807.14. 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 Rockport are going Down. The average house price is $392,450.00 and the average price per square feet is $206.55 per square feet. At the moment, the amount of homes listed is exactly 54 houses, with 12 with active status, 7 with pending status and 35 sold in Rockport .

The most popular place to buy a home in Rockport is . 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 Rockport .

The average amount of property taxes you would have to pay for a home in Rockport is $1,686.16. 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 Rockport are staying listed for an average of 60 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 Rockport was 12169 minutes ago.

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

The cost of the most expensive home in Rockport is $1,390,000.00. 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 Rockport is $70,000.00 . 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 Rockport in year 1801 and the newest built house is in year 2017.

The average size of properties in Rockport is 2597 sq.ft. , the biggest one being 4182 sq.ft. and the smaller being 1117 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.