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    29+/- Acre Tranquil Project Home & Private Lk Raysville, IN 46148

    • Land
    • 29.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 29+/- Acre Tranquil Project Home & Private Lk

    Lot size
    29.00 lot acres
    Property type
    Land

    Description

    This exceptional 29+/- acre property in Henry County, Indiana, presents a unique investment opportunity. The centerpiece is a project home situated on a serene 5+/- acre man-made lake. Two barns enhance the property's versatility; one features a three-car garage and electricity, while the other is under conversion into a barndominium, currently possessing electricity and a single-car garage, but requiring plumbing and finishing. The expansive 24+/- acres of pastureland offer ample space for various agricultural or recreational uses, such as livestock or equestrian activities. The lake, once stocked, will provide excellent fishing opportunities. The property's blend of natural beauty, functional outbuildings, and potential for customization makes it ideal for creating a personalized rural retreat, hobby farm, or other commercial venture. Located near Knightstown, Indiana, with easy access via 46148 zip code, this property offers a tranquil setting with significant potential for development and enjoyment. The asking price is $439,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Raysville
    County
    Henry
    State
    Indiana
    Longitude
    -85.4994
    Latitude
    39.7914

    Comparable in this City

    • Value Estimation by Request
      60.00 Acres

      In-109

      Land • 60.00 Acres
      0 In-109, Knightstown, IN 46148
      View Details
    • Value Estimation by Request
      0.01 Acres

      Harrison St

      VACANT COMMERCIAL LAND • 0.01 Acres
      Harrison St, Knightstown, IN 46148
      View Details
    • Value Estimation by Request
      0.11 Acres

      Old National Rd

      VACANT COMMERCIAL LAND • 0.11 Acres
      Old National Rd, Knightstown, IN 46148
      View Details
    • Value Estimation by Request
      0.11 Acres

      Old National Rd

      VACANT COMMERCIAL LAND • 0.11 Acres
      Old National Rd, Knightstown, IN 46148
      View Details
    • Value Estimation by Request
      1,080 SF

      140 4th St

      COMMERCIAL (GENERAL) • 1,080 SF
      140 4th St, Knightstown, IN 46148
      View Details
    • Value Estimation by Request
      15,840 SF

      36 Main St

      COMMERCIAL (GENERAL) • 15,840 SF
      36 Main St, Knightstown, IN 46148-1249
      View Details

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      Prime I-70 Industrial Land

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    • New
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    29+/- Acre Tranquil Project Home & Private Lk
    Raysville, IN 46148
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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