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9271 S 225 E, Flat Rock, IN, 47234

4beds
4baths
5,670sqft
$834,900
$147price/sqft
$6,862/moest. monthly cost
$274,480/yrincome needed

About This Home

The Mill Estate: Historic charm, riverfront, stable, 18 grand acres with several lamp posts, a walking trail along the river, and two fenced-in horse pastures. There is no property like this. Whether looking for a Wedding Venue, Bed and Breakfast, or a family home, this property is being sold FURNISHED and is second to none. Originally a mill built in 1861 and converted to an estate in the 1950s, then fully renovated in the last few years, this property, encompassing 5675 square feet, is ready for its next chapter. Previously used as a retreat, this expansive property offers a unique opportunity for sophisticated living within a historically significant structure. The grand entrance features sleek marble floors and a stunning curved staircase. The completely renovated chef's kitchen is outfitted with high-end appliances, including a double oven, custom cabinet layout, and boasts plenty of quartz counter space, ideal for all your culinary endeavors and gatherings. Both living spaces (formal and informal) are complete with fireplaces and views of the river. The study features a grand fireplace with marble accents and an entire wall of built-in bookshelves. The Primary Bedroom features an en suite bath, fireplace, custom blown glass chandelier, and overlooks the estate and the river. Three of the four bedrooms have a view of the river. The bonus room creates a large, open functional space perfect for kids or groups. The property's exterior amenities include outdoor dining areas on the balcony and on the large patio, both conveniently accessed from the living areas. Multiple covered porch areas create versatile spaces for relaxation and entertainment. A two-car garage provides convenient and secure vehicle storage with cabinet storage and countertop workspace. A welcoming porch enhances the home's curb appeal. With so many uses and features, this property is truly one of a kind. Potential opportunity for expansion as seller owns adjacent tillable land.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
2
BikeSomewhat Bikeable

Schools

9/10
Waldron Elementary SchoolGrades PK-55.8 mi
5/10
Waldron Jr-Sr High SchoolGrades 6-125.9 mi
4/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1861

Materials

  • Foundation: Rock,Stone,Brick/Mortar
  • Construction materials: Brick,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Electric Cooktop,Dishwasher,Down Draft,Dryer,Disposal,Gas Water Heater,Microwave,Oven,Double Oven,Refrigerator,Water Heater,Water Softener Owned
  • Laundry features: Laundry Room,Main Level

Bedroom2

  • Level: Upper
  • Area: 255.1597
  • Dimensions: 16'11x15'1

Bedroom3

  • Level: Upper
  • Area: 206.25
  • Dimensions: 16'6x12'6

Bedroom4

  • Level: Upper
  • Area: 144
  • Dimensions: 12x12

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2

Bonus Room

  • Level: Upper
  • Area: 1012.8125
  • Dimensions: 26'3x38'7

Breakfast Room

  • Level: Main
  • Area: 107.5
  • Dimensions: 10x10'9

Dining Room

  • Level: Main
  • Area: 210.5208
  • Dimensions: 11'9x17'11

Family Room

  • Level: Main
  • Area: 367.0278
  • Dimensions: 15'1x24'4

Features

  • Attic Access,Double Vanity,Built-in Features,High Ceilings,Entrance Foyer,Ceiling Fan(s),Hardwood Floors,High Speed Internet,Smart Thermostat
  • Flooring: Hardwood
  • Number of fireplaces: 4
  • Fireplace features: Bedroom,Library,Family Room,Living Room,Primary Bedroom,Wood Burning
  • Fireplace: Yes
  • Attic: Access Only

Heating & Cooling

  • Heating features: Forced Air,Propane,Wood Stove
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,670
  • Total interior livable area: 5,670 sqft

Kitchen

  • Level: Main
  • Area: 315.0347
  • Dimensions: 17'11x17'7

Laundry

  • Level: Main
  • Area: 155.6875
  • Dimensions: 11'9x13'3

Library

  • Level: Main
  • Area: 445.5903
  • Dimensions: 17'1x26'1

Living Room

  • Level: Main
  • Area: 575
  • Dimensions: 25x23

Master Bedroom

  • Level: Upper
  • Area: 447.0139
  • Dimensions: 17'1x26'2

Property

Details

  • Parcel number: 731522100019000014
  • Special condition: Flood Insurance Required
  • Horse amenities: Barn,Hay Storage,Pasture,Riding Trail,Stable(s),Tack Room,Trailer Storage

Features

  • Levels: Three Or More,Two
  • Stories: 2
  • Patio & porch: Covered,Deck
  • Exterior features: Balcony,Smart Lock(s)
  • Fencing: Fenced,Fence Complete
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: River Access,River Front,Water Access,Water View,Waterfront

Lot

  • Lot size: 18.37 Acres
  • Features: Rural - Not Subdivision,Mature Trees,Wooded

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Drought
Hail
Inland Flooding
Ice Storm
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,221$50,652
Home Insurance *$1,112$13,344
Property Taxes $1,010$12,120
Electricity $519$6,237
Total$6,862$82,344
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$235,268/yr
40% on housing$205,860/yr
45% on housing$182,986/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.2%
3.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$147This listing

vs Other Active Listings

Avg $/sqft

ZIP 47234$131
Shelby County$110

vs Homes Sold Last Month

Median $/sqft

ZIP 47234$41
Shelby County$117

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Listed for sale$849,900
2019-12-06Sold$550,000
2019-08-06Pending sale$699,000
2018-07-11Listed for sale$699,000

For Sale by Agent

AgentAdam Barlow
BrokerageFULL CANOPY REAL ESTATE, LLC

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