$265,000
 $1,505 est/mo Sourced by Back At You
Source MLS Verified

5088 S Ray Rd,Underwood, IN 47177

Underwood, IN 47177

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Description

If you're looking for privacy, acreage, and endless potential this is it! Investor special sitting on two parcels totaling 23.7 heavily wooded acres (8.75 acres + 14.95 acres) with scenic views, abundant wildlife, and a pond perfect for fishing right on your own property. This walkout ranch needs TLC but offers incredible opportunity for an investor, hunting retreat, rental property, or private country escape. The home features 2 bedrooms upstairs, 1 bedroom in the finished walkout basement, two wood-burning fireplaces, an attached 2-car garage, and a functional layout with a breakfast bar, bay window dining area, and generous living spaces. Relax on the porch surrounded by mature shade trees and peaceful nature views. Rare chance to own this much land, privacy, and potential all in on

Details

MLS #1719532
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1989
Days On Site80
Listing Provided By85W Real Estate | Jay Arora

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet2,523
Garage1
BasementY
Story(s)1
Acreage23.75

Area Information

StateIN
CountyScott
CityUnderwood
Zip Code47177
Area13 Indiana
Listing VS Median (in 47177)
Price:
$265,000
low | high
Med:
$272,450
47.188679245283% of Average
sqft:
2,523
low | high
Med:
2,025
69.73840665874% of Average
$ / sqft:
$105
low | high
Med:
$144
12.742002446529% of Average
On site:
80
low | high
Med:
76.5
100% of Average
Sourced by Back At You

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Learn More About This Property

StateIN
CountyScott
CityUnderwood
Zip Code47177
Area13 Indiana
Listing VS Median (in 47177)
Price:
$265,000
low | high
Med:
$272,450
47.188679245283% of Average
sqft:
2,523
low | high
Med:
2,025
69.73840665874% of Average
$ / sqft:
$105
low | high
Med:
$144
12.742002446529% of Average
On site:
80
low | high
Med:
76.5
100% of Average
Sourced by Back At You
Listing Updated: August 19, 2026 at 9:22:52 PM PDT