2127 S 475 W, Morgantown, IN, 46160
About This Home
Escape to the peaceful countryside with this charming ranch style home situated on 1.89 private acres in Morgantown, Indiana. Surrounded by nature and offering plenty of room to enjoy the outdoors, this property features a spacious two-car detached garage, freshly poured sidewalks that add convenience and curb appeal and a pond area full of potential. Major exterior updates provide peace of mind, including a new roof, siding, and heat pump heating and cooling system - all completed within the last four years. Inside, you'll find a cozy farmhouse feel with plenty of character and an opportunity to add your own personal style and updates over time. The homes includes an unfinished basement. Whether you're looking for a private retreat, room to roam, or a property with solid improvements already in place, this Johnson County home offers a rare combination of acreage, privacy, and potential.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1945
Materials
- Foundation: Block
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Electric Water Heater,Microwave,Electric Oven,Refrigerator,Washer
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Unfinished
Bedroom2
- Level: Main
- Area: 110
- Dimensions: 10x11
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Attic Access
- Attic: Access Only
- Finished area below ground: 0
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Heat Pump
Interior Area
- Total structure area: 1,636
- Total interior livable area: 1,636 sqft
Kitchen
- Level: Main
- Area: 7304
- Dimensions: 8x9 and 13x10
Living Room
- Level: Main
- Area: 224
- Dimensions: 16x14
Master Bedroom
- Level: Main
- Area: 121
- Dimensions: 11x11
Property
Details
- Parcel number: 410934022011000034
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Screened
Lot
- Lot size: 1.90 Acres
- Features: Rural - Not Subdivision
Parking
- Total spaces: 2
- Parking features: Detached
- 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
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Drought
- Hail
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,360 | $16,320 |
| Home Insurance * | $150 | $1,800 |
| Property Taxes | $87 | $1,044 |
| Electricity | $184 | $2,212 |
| Total | $1,781 | $21,372 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-10 | Price change | $259,000 |
| 2026-07-18 | Price change | $269,000 |
| 2026-07-02 | Price change | $275,000 |
| 2026-06-15 | Listed for sale | $280,000 |
| 2013-05-17 | Sold | $42,000 |
| 2013-02-28 | Sold | $42,000 |
| 2012-12-06 | Pending sale | $42,000 |
| 2012-10-26 | Listed for sale | $42,000 |
| 2012-09-26 | Sold | $90,000 |
View on Zillow