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1945 E Truman Avenue, Princeton, IN 47670
$1,750,000 Asking Price
$---/mo Est. Payment Get Prequalified »
1
bed
2
baths
1,281
sqft
Built in
1979
You will not find another opportunity like this! We are offering an incredible 85 +/- acre property, that was once a fully functioning horse farm and was set-up for further development. It includes an absolutely beautiful 9 +/- acre lake on the edge of Princeton. There is near-complete privacy provided by the thick tree lines that surround most of the perimeter. You will feel like you are miles from town. A gated entry can be found from East Truman Avenue, onto the 1000+ foot long paved road and to the east side of the lake, the cabin, and several of the buildings. There is also an entry point on Kennedy Drive, where evergreen trees line both sides of the long pathway that will take you to a horse barn and the lake. There are two access points on N. Wilson Ave., and there is also some road frontage on E. Taftown Road. There are 25 +/- acres of fully fenced pasture land found on the rolling hills that run throughout the estate. This property also includes a sewer lift station that is maintained by the city of Princeton, and could support multiple homesites. The original structures that were once used for the horse farm were built as late as 1990. With updates, all of these can be functional again. The lake, which is full of bass, bluegill, and crappie, is large enough for jet skiing and other recreation, and has an island and beach area. The possibilities are endless. With its proximity to town, the picturesque setting, and substantial infrastructure already in place, what can you dream? a business retreat? A residential development? Or a stately mansion, positioned with breathtaking views of the lake, the woods, and the wildlife? Or do you have something else in mind? 3 miles to Princeton Community High School. 3 miles to Deaconess Gibson Hospital. 4.5 miles to TBIN. 6 miles to the Toyota plant. Princeton zoning is R-4. Structures include: - a 1 BR/1.5BA cabin/home on the lake - a huge 30x60 pole barn with 12' sides, concrete, electric, and with a spacious 9x43 lean-to - an enormous 54x106 Morton building with 12' side walls, with multiple quality-made stalls, a large breeding stall, and a riding arena inside - a 23x40 traditional barn with loft, and a 10x40 lean-to for extra storage - a 47x24 stable with concrete floor, electric and multiple stalls - a 48x36 stable with hay loft, electric, and multiple stalls - other smaller stables and sheds are located strategically throughout the property
Features & Amenities
Interior
- Basement:
- None
- A/C:
- Central Air
- Heating:
- Propane
Exterior
- General:
- Wood
Construction
- General:
- One Story, None
Location
- Road/Access:
- City
- HOA Amenities:
- Not Applicable
- School District:
- North Gibson School Corp.
Lot
- Zoning:
- R4 Low density residential district, PT NE 8 2 10 84.4716 AC C-1, DIKE ENLG TRACT 70, DIKE ENLG TRACT 76 PT/77 PT (3 parcels), 26-12-08-200-000.487-027
Utilities
- Water:
- Public
This listing courtesy of:
DHI Realty Inc, Ray Stallings
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Princeton, IN
Housing
- Number of Units
- 5,364
- Median Home Value
- $113,346
- Median Rent
- $523
35.70% of housing units are renter occupied.
9.88% are vacant.
Commute
- Car
-
93.89%
- Public Transportation
-
0.30%
- Walk to Work
-
3.35%
- Work from Home
-
1.94%
- Other
-
0.52%
The median travel time to work is 19 minutes.
People
- Population
- 11,581
- Median Age
- 39.80
- Median Household Size
- 2.54
Education
- High School
-
46.33%
- Associate’s Degree
-
10.54%
- Bachelor’s Degree
-
10.70%
- Graduate Degree
-
3.66%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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