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11002 N 150 E

Morristown, IN 46161

PendingListed Jul 5, 2026 · 68 days on market

Key facts

Beds
3
Baths
1 full · 1 half
Living area
1,320 sqft
Lot
3.13 acres
Year built
1970
Type
Residential · Single Family Residence
Stories
One
Garage
3 spaces
MLS #
22108354
County
Shelby
Subdivision
No Subdivision

About this home

Reduced!!! Looking for a Flipper or a Great Fix Up & Live In, now you got it! Unique opportunity for a wooded country lot & over 3 acres & a partially rehabbed home waiting to be finished. Features 3 Bedrooms, 1.5 Baths (could be 2 full), Large Living Room, Kitchen with Dining Area. Large Enclosed Front Porch. Home has Pex plumbing & about Half of the home has Updated Thermal Windows. Nice Oversized Garage with 728 sqft. Home needs updates to flooring (has hardwoods, but hey may need to be replaced), baths, drywall, electrical fixtures & more, but a Solid Project Home with Great Potential! St Rd 150 was just repaved & looks nice & the area is outstanding. Fully wooded in back. Home was occupied just months back & Well Water System & Septic were functioning without issue at that time per the estate representative. Home was in the middle of rehab when owner passed. **This is not a project for a novice investor, it will take a minimum of $40,000 to be functionally livable & likely more than $50,000-$70,000 for resale ready, but of course, people with builder trade skills may be able to save in certain areas.** SOLD STRICTLY "AS IS", CASH ONLY or CASH EQUIVELENT. INSPECTIONS FOR INFORMATIONAL PURPOSES ONLY. SO DO NOT MAKE OFFER UNTIL YOU ARE SATISFIED WITH CONDITION AS VIEWED & AS IS. DO NOT PULL YOUR CAR ONTO PREMISES OR WALK AROUND PREMISES WITHOUT BEING ACCOMPANIED WITH AN AUTHORIZED BUYER AGENT! THAT WILL BE CONSIDERED TRESSPASSING. ENOUGH PICTURES ARE INCLUDED FOR GETTING AN IDEA OF THE HOME'S GENERAL CONDITION. Square Footage on BLC Includes Enclosed Front Porch. "No Site Unseen Offers or Out of State Buyers without a local Personal Representative viewing the home prior to making an offer." Prelim Title Work with Chicago Title New Palestine Office. Site value $85K, plus the cost to present level on site would be over $225k if building from scratch. Framed home w/Electric, Plumbed, Roofed, Well, Septic, Windows & other. Just needs a finisher.

Description provided by the listing brokerage.

Interior

Appliances
Refrigerator
Interior features
Attic AccessEat-in KitchenWoodWorkStain/Painted
Other rooms and areas
Bedroom Other on MainLaundry in UnitLiving Room FormalUtility Room
Flooring
Hardwood
Laundry
Laundry RoomMain Level
Windows
Low-Emissivity WindowsVinyl WindowsWood Frames
Rooms
7
Main-level bedrooms
3
Condition
Fixer

Exterior

Patio and porch
CoveredGlass Enclosed
Construction
Vinyl Siding
Foundation
Crawl SpaceBlock
Style
ContemporaryRanchTraditional
Parking and garage
Attached

Systems

Heating
Forced AirNatural Gas
Cooling
Window Unit(s)
Water
WellPrivate
Utilities
Cable AvailableElectricity ConnectedNatural Gas AvailableSep Gas MeterSeptic System

Lot and HOA

Lot features
Not In SubdivisionRural - Not SubdivisionMature TreesWoodedSee Remarks

Schools

School district
Shelby Eastern Schools

Taxes

Estimated annual tax
$2,570 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$914per month, estimated
Principal and interest $655Property tax $214Insurance $45
20% · $25,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$129,900
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