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1612 N Lane Drive

Bloomington, IN 47404

ActiveListed Jul 29, 2026 · 70 days on market

Key facts

Lot
0.51 acres
Type
Land · Residential Lots
MLS #
22117368
County
Monroe
Subdivision
No Subdivision

About this home

RARE IMPROVED HOMESITE JUST 2.5 MILES FROM IU! This beautiful 0.51-acre wooded lot offers valuable improvements already in place, including an existing well, approximately 1,200-gallon septic system, electrical service, two driveways and multiple outbuildings. These features may help reduce future site development costs and make this a standout opportunity near Indiana University and Memorial Stadium. Tucked away in a quiet neighborhood with no HOA, the property features mature trees, peaceful wooded views and paved road frontage, all just minutes from downtown Bloomington, shopping and dining. The seller recently uncovered the septic tank and added a new cleanout riser, lid and 4-inch tap connection for future access. Outbuildings include a 14' x 20' detached garage, 20' x 20' storage building and 8' x 10' masonry equipment shed, all with concrete floors and conveyed as-is. The camper may remain and be included as-is or removed by the seller prior to closing. An excellent opportunity for a future homesite or investment near IU. Well and septic have not been used during the seller's ownership. Buyers should independently verify their condition, zoning, permitted uses, utilities, building requirements, boundaries and development suitability with Monroe County.

Description provided by the listing brokerage.

Exterior

Fencing
Chain LinkPartial
View
Trees/Woods
Other structures
Shed(s)See Remarks

Systems

Sewer
Public SewerSeptic Tank

Lot and HOA

Lot features
AccessNot In SubdivisionMature Trees
Zoning
RE1

Schools

School district
Monroe County Community Sch Corp

Taxes

Estimated annual tax
$476 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$444per month, estimated
Principal and interest $378Property tax $40Insurance $26
20% · $15,000
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$75,000
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