Recreational Land for Sale in Bloomfield, Indiana

5613 E Mineral-Koleen Rd Bloomfield, IN 47424

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$240,000
80.28 acres
pending saleUnder contract

This parcel consists of 80.28 wooded acres and joins the 21-acre parcel on its south and is 1/4 mile directly north of the house at 5615 E. Mineral-Koleen Rd. All of this parcel has been registered as a Classified Forest. This designation greatly reduces the real estate taxes. The total real estate tax due in 2024 is $32. 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 $40,000 net-to-owner of marketable timber, which should appreciate with time and management. This parcel is home to the Trail Tree, the namesake of this forest. Indiana District Forester Steve Marling suggests that Early Americans would bend over and tie down a sapling, pointing the direction of a trail. This growing trail marker would last for many years with no maintenance. As side branches on that bent stem would reach for light, they took over the growth dominance. With natural springs for water, hills for outlook, valleys for cover, and sandy, well-drained soils in this immediate area, it is absolutely possible that this area was the home of Early Americans. See the included picture of the Trail Tree. At the northern end of this parcel there is a rocky creek bed with natural stone walls, and perhaps even a small cave. These serene landscapes are worth the hike to see. A picture of one of the stone wall formations is included. Whitetail deer, turkeys, grey squirrels, raccoons, rabbits and more inhabit this area, offering wildlife watching and hunting opportunities. If the buyer of these 80 acres is not an adjoining landowner, or the buyer of the 21-acre parcel, there will be a 15' wide easement created parallel to the west line of the 21-acre parcel for ingress to the 80-acre parcel. An adjoining 21-acre parcel with road frontage, and a 4 BR/2 BA home on 5 acres are also being offered.

Directions

On Hwy 231 at the south edge of Bloomfield, turn east onto Furnace Rd. Go 1.8 miles to T and turn right onto Mineral-Koleen Rd. Go 5 miles. The property is 1/4 mile north of the home at 5615 E. Mineral-Koleen Rd.

Property details

Coordinates
38.9775, -86.8382
School District
Bloomfield S.D.
Elevation
636 feet
MLS Number
BMLS 202420241
Date Posted

Legal description

Parcels

  • 28-12-03-000-017.000-019

Property taxes

Year not provided
$32

This 80.28-acre property is located at 5613 E Mineral-Koleen Rd in Bloomfield, IN 47424 with latitude 38.9775 and longitude -86.8382. The property is currently pending sale for $240,000 with a price per acre of $2,990. Listing data is sourced from Bloomington MLS # 202420241.

Verify sale details at the property source or contact Wells Auction & Realty at (812) 875-3333.

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Copyright (C) 2024 Bloomington MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 1 hour ago. Parcel data by Regrid.

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