5088 S Ray Rd, Underwood, IN 47177

Underwood
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
5088 S Ray Rd,Underwood, IN 47177
$341,999
  • 2 Beds
  • 2 Baths
  • 2,523 sq. ft.
  • Single family
  • Active
Listed by: dhananjay arora
Office: 85w real estate
MLS#:202608788
Source:IN_SIRA

Price summary

  • Price:$341,999
  • Price per sq. ft.:$135.55

About this home

23+ ACRES - 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 one property!

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Home facts

  • Year built:1989
  • Listing ID #:202608788
  • Added:21 day(s) ago
  • Updated:June 24, 2026 at 04:26 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Dining Description:Breakfast Bar
  • Kitchen Description:Kitchen Island
  • Bedroom Description:Main Level Primary
  • Basement:Yes
  • Basement Description:Finished, Walk-Out Access
  • Living area:2,523 sq. ft.

Heating and cooling

  • Cooling:Heat Pump

Structure and exterior

  • Year built:1989
  • Building area:2,523 sq. ft.
  • Lot area:23.7 Acres
  • Construction Materials:Stone, Wood Siding
  • Exterior Features:Deck, Enclosed, Enclosed Porch, Patio, Porch, Screened

Utilities

  • Water:Connected, Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$341,999
  • Price per sq. ft.:$135.55
  • Tax amount:$487

Features and amenities

  • Laundry features:Laundry Room, Main Level
  • Amenities:Bookcases, Ceiling Fans, Entrance Foyer, Motion Detectors, Natural Woodwork, Security System, Utility Room

Parking

  • Parking description:Attached, Garage, Garage Faces Side
  • Garage:Yes
  • Garage spaces:2

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