5611 E Mineral-Koleen Road

Bloomfield, IN 47424

This parcel consists of approximately 21 wooded acres with road frontage on Mineral-Koleen Road, 7 miles southeast of Bloomfield, Indiana, and just north of the home at 5615 E. Mineral-Koleen Rd. The road frontage provides direct access to potential home building sites. This parcel joins the 5 acres with the house on its south and the 80 acres on its north. Approximately 15 acres of this parcel has been registered as a Classified Forest. This designation greatly reduces real estate taxes. The total real estate tax due in 2024 is $66. Since 1985 this forest has been managed for timber production. Between 1993 and 2014 this forest has returned over $168,000 to the owner through timber sales. This parcel currently has approximately $10,000 net-to-owner of marketable timber, which should appreciate with time and management. Whitetail deer, turkeys, grey squirrels, racoons, rabbits and more inhabit this area, offering wildlife watching and hunting opportunities. An adjoining 80-acre parcel with road frontage, and a 4 BR/2 BA home on 5 acres are also being offered. If the buyer of the 80 acres is not an adjoining landowner, or the buyer of this parcel, there will be a 15' wide easement created parallel to the west line of this parcel for ingress to the 80-acre parcel.

This is an Pending listing.

Broker Office Phone Number: 812-875-2323

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