85.2 Acres of Agricultural Land with Home for Sale in Princeton, Indiana

1945 E Truman Ave, Princeton, IN 47670

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$1,750,000
85.2 acres
Active saleListed ago

You will not find another opportunity like this! We are offering an incredible 85 +/- acre property, that was once a fully functioning horse farm and was set-up for further development. It includes an absolutely beautiful 9 +/- acre lake on the edge of Princeton. There is near-complete privacy provided by the thick tree lines that surround most of the perimeter. You will feel like you are miles from town. A gated entry can be found from East Truman Avenue, onto the 1000+ foot long paved road and to the east side of the lake, the cabin, and several of the buildings. There is also an entry point on Kennedy Drive, where evergreen trees line both sides of the long pathway that will take you to a horse barn and the lake. There are two access points on N. Wilson Ave., and there is also some road frontage on E. Taftown Road. There are 25 +/- acres of fully fenced pasture land found on the rolling hills that run throughout the estate. This property also includes a sewer lift station that is maintained by the city of Princeton, and could support multiple homesites. The original structures that were once used for the horse farm were built as late as 1990. With updates, all of these can be functional again. The lake, which is full of bass, bluegill, and crappie, is large enough for jet skiing and other recreation, and has an island and beach area. The possibilities are endless. With its proximity to town, the picturesque setting, and substantial infrastructure already in place, what can you dream? a business retreat? A residential development? Or a stately mansion, positioned with breathtaking views of the lake, the woods, and the wildlife? Or do you have something else in mind? 3 miles to Princeton Community High School. 3 miles to Deaconess Gibson Hospital. 4.5 miles to TBIN. 6 miles to the Toyota plant. Princeton zoning is R-4. Structures include: - a 1 BR/1.5BA cabin/home on the lake - a huge 30x60 pole barn with 12' sides, concrete, electric, and with a spacious 9x43 lean-to - an enormous 54x106 Morton building with 12' side walls, with multiple quality-made stalls, a large breeding stall, and a riding arena inside - a 23x40 traditional barn with loft, and a 10x40 lean-to for extra storage - a 47x24 stable with concrete floor, electric and multiple stalls - a 48x36 stable with hay loft, electric, and multiple stalls - other smaller stables and sheds are located strategically throughout the property

1,281
Sq feet
1
Bed
2
Full baths
1979
Built

Directions

East on Broadway to Left on Wilson Ave, to property on the Right. Or, East on Broadway to Left on Wilson Ave, to Right on Taylor Ave, to left on Harding Ave, around curve to Truman Ave, go straight to gated entrance straight ahead.

Property details

Coordinates
38.3607, -87.5398
School District
North Gibson School Corp.
Elevation
515 feet
MLS Number
SWAOR 202222968

Parcels

  • 26-12-08-200-000.487-027

Property taxes

Year not provided
$6,857

Detailed attributes

Listing

Type
Residential
Subtype
Single Family Detached

Structure

Stories
1
Materials
Wood
Cooling
Central A/C

Interior

Room Count
5
Rooms
Bedroom, Full Bath x 2

Nearby schools

NameLevelDistrictDescription
PrincetonElementaryNorth Gibson School Corp.
PrincetonMiddleNorth Gibson School Corp.
PrincetonHighNorth Gibson School Corp.

Listing history

DateEventPriceChangeSource
June 10, 2022New listing$1,750,000SWAOR
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This 85.2-acre property is located at 1945 E Truman Ave in Princeton, IN 47670 with latitude 38.3607 and longitude -87.5398. The property is currently available for sale for $1,750,000. It has a 1,281 sq ft 1 bedroom, 2 bath house built in 1979. Listing data is sourced from Southwest Indiana Association of Realtors # 202222968.

Verify sale details at the property source or contact DHI Realty at (618) 240-1346.

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Copyright (C) 2024 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Listing checked and updated . Parcel data by Regrid.

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