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3050 E County Road 550 N, North Vernon, IN, 47265

4beds
3baths
4,929sqft
$580,000
$118price/sqft
$4,152/moest. monthly cost
$166,080/yrincome needed

About This Home

This 40 acre recreational and hunting land tract near Butlerville offers a large home, mature woods, creek frontage, and an opportunity to expand ownership with an additional 80 acres currently available for purchase. Located at the end of a dead-end road, the property provides a private setting while remaining within a short drive of North Vernon, State Road 50, and several local communities. The residence includes approximately 4,929 square feet of living space with four bedrooms and three full bathrooms. The layout includes a living room, kitchen, dining area, and a main-level primary suite with a walk-in closet. A spacious walkout basement adds usable living, storage, or recreation space and includes walkout doors and basement windows. Exterior features include a large deck, covered patio, and block garage. The 40 acres are predominantly wooded and have not been timbered. A timber appraisal completed in January 2026 identified more than $79,000 in estimated timber value. The woods provide cover, travel corridors, and habitat for deer, turkey, songbirds, and other wildlife. Long Branch Creek runs along the eastern portion of the tract, with more than 1,000 feet of creek frontage. The combination of wooded acreage, water, and a home creates options for hunting, hiking, wildlife observation, camping, and full-time or weekend use. An additional 80 acres are available for sale, allowing a buyer to potentially assemble approximately 120 total acres. This added acreage could provide more room for recreation, hunting management, trails, or long-term land ownership. The property is close to Butlerville and a short drive from North Vernon for shopping, dining, and services. State Road 50 provides convenient regional access. Seymour, Columbus, and Versailles are each approximately 35 minutes away. This property combines a substantial residence, wooded acreage, creek frontage, and available expansion acreage in Jennings County.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

5/10
4/10
3/10

Construction

Condition

  • Year built: 1982

Materials

  • Foundation: Block
  • Construction materials: Block,Stone,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Residential,Farm

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Electric Oven,Refrigerator,Washer,Water Heater

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Finished,Finished Ceiling,Finished Walls,Full,Interior Entry,Walk-Out Access

Bedroom2

  • Level: Main
  • Area: 216
  • Dimensions: 18 x 12

Bedroom3

  • Level: Main
  • Area: 144
  • Dimensions: 12 x 12

Bedroom4

  • Level: Basement
  • Area: 204
  • Dimensions: 17 x 12

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 144
  • Dimensions: 12 x 12

Features

  • Pantry,Walk-In Closet(s)
  • Finished area below ground: 2,883

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,929
  • Total interior livable area: 4,929 sqft

Kitchen

  • Level: Main
  • Area: 132
  • Dimensions: 12 x 11

Living Room

  • Level: Basement
  • Area: 286
  • Dimensions: 22 x 13

Master Bedroom

  • Level: Main
  • Area: 192
  • Dimensions: 12 x 16

Utility Room

  • Features: Other
  • Level: Basement
  • Area: 812
  • Dimensions: 29 x 28

Property

Details

  • Parcel number: 400808200003000002
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Deck
  • Has view: Yes
  • View description: Creek/Stream,Forest,Rural,Trees/Woods,Water
  • Has water view: Yes
  • Water view: Creek/Stream,Water
  • On waterfront: Yes
  • Waterfront features: Creek,Water Access

Lot

  • Lot size: 40 Acres
  • Features: Not In Subdivision,Rural - Not Subdivision,Mature Trees,Trees-Small (Under 20 Ft),Wooded

Parking

  • Total spaces: 2
  • Parking features: Attached,Asphalt,Gravel
  • 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

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Drought
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm
Tornado

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 $2,932$35,184
Home Insurance *$407$4,884
Property Taxes $362$4,344
Electricity $451$5,422
Total$4,152$49,824
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$142,354/yr
40% on housing$124,560/yr
45% on housing$110,720/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: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 4.3%
4.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$118This listing

vs Other Active Listings

Avg $/sqft

ZIP 47265$103
Jennings County$102

vs Homes Sold Last Month

Median $/sqft

ZIP 47265$141
Jennings County$145

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
2026-07-08Price change$580,000
2026-07-08Price change$1,300,000
2026-07-07Listed for sale$580,000

For Sale by Agent

AgentBrad Garrison
BrokerageWhitetail Properties

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