Residential Land with Home for Sale in Borden, Indiana
512 W Water St, Borden, IN 47106
NEWLY REINTRODUCED TO THE MARKET WITH A STRATEGIC PRICE ADJUSTMENT. This property presents a compelling opportunity for buyers and investors seeking value, flexibility, and upside. Featuring 5 bedrooms and 5 full baths, over 4,400 sq ft above grade with a full unfinished basement and sitting on over 4 acres in the heart of Borden, the home offers a solid foundation with clear potential for renovation or repositioning. The current pricing allows room for improvements while supporting long-term equity growth. Renovation financing options including programs that may allow updates to be included directly in the purchase loan - are a possibility, creating a streamlined path to modernization. Whether the plan is light cosmetic updates or a more comprehensive renovation, this property supports multiple value-add strategies. Opportunities where price, potential, and financing flexibility align are increasingly rare. This is a chance to improve, customize, and build value with intention. Sq ft & rm sz approx
Location
- Street address
- 512 W Water St
- County
- Clark County
- Elevation
- 566 feet
Directions
From New Albany, take Hwy 60 W toward Borden. Continue about 13 miles. Home is on the left, next to New Washington State Bank. Home is at 512 W. Water Street, near the heart of town.
Property details
- Acreage
- 4.302 acres
- Zoning
- Residential
- MLS #
- SIREA 202605371
- Posted
Property taxes
- Recent
- $3,438
Parcels
- 101600300368000036
Legal description
SEC 3-1S-5E 4.302 AC
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
- Franchise
- ERA Real Estate
Lot
- View
- Hills, Park
Exterior
- Outdoor Spaces
- Patio
- Structures
- Garage(s), Gazebo, Packing Shed, Shed(s)
- Features
- Garage, Landscaped, Paved Driveway, Screens, Shed, Thermopane Windows
Structure
- Heating
- Fireplace(s), Forced Air
- Cooling
- Central Air
Interior
- Room Count
- 1
- Rooms
- Basement, Bathroom x 5, Bedroom x 5, Den, Family Room, Kitchen, Office
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Features
- 1 st Floor Main, 1 st Floor Utility, Addl Living QTRS, Attic/Whole HS Fan, Bath Main, Blinds, Breakfast Bar, Built-In Bookcase, Cedar Closet(s), Ceiling Fan(s), Den/Office, Eat-In Kitchen, Family Room, Formal Dining RM, Foyer, Natural Wood Trim, Pantry, Separate Shower(s), Split Bedrooms, Sump Pump, Utility/Mud Room, Walk-In Closet(s), Wood Stove
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Jan 14, 2026 | New listing | $550,000 | — | SIREA |