Situated on 15.87 scenic acres, this well-appointed ranch offers privacy and refined country living in a peaceful natural setting. The 1,920-square-foot home features a light-filled main living space enhanced by skylights, creating an open and inviting atmosphere ideal for both relaxing and entertaining. The property showcases a picturesque 2-acre stocked pond, providing a beautiful focal point and the perfect place for fishing or quiet evenings overlooking the water. Expansive grounds allow ample space for recreation, gatherings, or simply enjoying the surrounding landscape. A 2-car attached garage is complemented by an impressive 50 x 30 heated 4-car detached garage - a standout feature offering exceptional versatility. Ideal for car enthusiasts, hobbyists, equipment storage, or workshop use, the structure provides generous space for projects, recreational vehicles, or a dedicated workspace separate from the home. The home has recently been connected to city water while still retaining the existing well pump, offering added convenience along with a valuable secondary water source for outdoor use. A rare opportunity to enjoy acreage, water views, and privacy in a serene setting.
Active
Price cut: $20K (3/13)
$625,000
5832 E Mahalasville Rd, Morgantown, IN 46160
3beds
1,920sqft
Est.:
Residential, Single Family Residence
Built in 2003
15.87 Acres Lot
$-- Zestimate®
$326/sqft
$-- HOA
What's special
Expansive groundsWater viewsOpen and inviting atmosphereLight-filled main living space
- 57 days |
- 3,068 |
- 114 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2026 at 12:44pm
Listing Provided by:
Natalie Latkowski 317-370-2242,
Mark Dietel Realty, LLC,
Bradley McCleerey,
Mark Dietel Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22082804
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 234 Square Feet
- Dimensions: 13x18
Bedroom 2
- Level: Main
- Area: 154 Square Feet
- Dimensions: 11x14
Bedroom 3
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Dining room
- Level: Main
- Area: 204 Square Feet
- Dimensions: 12x17
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Living room
- Level: Main
- Area: 360 Square Feet
- Dimensions: 20x18
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Oven, Refrigerator
- Laundry: Laundry Room, Main Level
Features
- Attic Access, Walk-In Closet(s)
- Has basement: No
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Double Sided, Family Room, Gas Log
Interior area
- Total structure area: 1,920
- Total interior livable area: 1,920 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached, Detached, Gravel, Heated Garage, Storage, Workshop in Garage
- Attached garage spaces: 4
- Details: Garage Parking Other(Finished Garage)
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Balcony, Outdoor Kitchen, Water Feature Fountain
- Has view: Yes
- View description: Pond, Rural, Trees/Woods
- Water view: Pond
- Waterfront features: Dock, Pond, Water View, Waterfront
Lot
- Size: 15.87 Acres
- Features: Rural - Not Subdivision, Mature Trees, Wooded
Details
- Parcel number: 551433100002000012
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
Condition
- Updated/Remodeled
- New construction: No
- Year built: 2003
Utilities & green energy
- Electric: 200+ Amp Service
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Morgantown
Financial & listing details
- Price per square foot: $326/sqft
- Tax assessed value: $510,400
- Annual tax amount: $4,416
- Date on market: 2/6/2026
- Cumulative days on market: 59 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Price change | $625,000-3.1% |
Source:  IRMLS #202603860 Report a problem | ||
| 3/11/2026 | Price change | $645,000-2.3% |
Source: IRMLS #202603860 Report a problem | ||
| 3/5/2026 | Price change | $660,000-2.2% |
Source: IRMLS #202603860 Report a problem | ||
| 2/23/2026 | Price change | $675,000-1.4% |
Source: IRMLS #202603860 Report a problem | ||
| 2/21/2026 | Price change | $684,900-0.6%$357/sqft |
Source:  MIBOR as distributed by MLS GRID #22082804 Report a problem | ||
| 2/6/2026 | Listed for sale | $689,000$359/sqft |
Source: MIBOR as distributed by MLS GRID #22082804 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,563 +15.8% | $510,400 +2.7% |
| 2023 | $3,077 +35.9% | $497,000 +16.1% |
| 2022 | $2,265 +132.8% | $428,200 +27.9% |
| 2021 | $973 -49.3% | $334,800 +57.9% |
| 2020 | $1,919 +8.4% | $212,100 +1.3% |
| 2019 | $1,770 -3.5% | $209,400 +4.9% |
| 2018 | $1,834 -10.6% | $199,600 -0.4% |
| 2017 | $2,050 +184.3% | $200,400 +13% |
| 2016 | $721 +12.2% | $177,300 -0.7% |
| 2014 | $643 -2% | $178,500 -4% |
| 2013 | $656 +0.1% | $186,000 +5.4% |
| 2012 | $655 +3.4% | $176,400 +7.2% |
| 2011 | $633 -13.3% | $164,600 -6.1% |
| 2010 | $730 +0.2% | $175,300 +0.3% |
| 2009 | $729 -73% | $174,800 -8.1% |
| 2006 | $2,701 | $190,300 -0.2% |
| 2005 | -- | $190,600 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,489/mo
Principal & interest
$3223
Property taxes
$266
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Climate risks
Neighborhood: 46160
Nearby schools
GreatSchools rating
- NAIndian Creek Elementary SchoolGrades: PK-2Distance: 9.3 mi
- 6/10Indian Creek Middle SchoolGrades: 6-8Distance: 9.5 mi
- 6/10Indian Creek Sr High SchoolGrades: 9-12Distance: 9.4 mi
Schools provided by the listing agent
- Elementary: Indian Creek Elementary School
- Middle: Indian Creek Middle School
- High: Indian Creek Sr High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 46160
- Indiana
- Morgan County
- Morgantown
- 46160
- 5832 E Mahalasville Rd
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