Key facts
- Beds
- 2
- Baths
- 1 full · 1 half
- Living area
- 1,056 sqft
- Lot
- 3.26 acres
- Year built
- 1978
- Type
- Residential · Single Family Residence
- Stories
- One
- Garage
- 3 spaces
- MLS #
- 22131026
- County
- Morgan
- Subdivision
- Painted Hills
About this home
Rarely does an opportunity like this come to market. This unique 3.25-acre BUIDABLE and wooded retreat featuring LAKEFRONT ACCESS WITH 267 FEET OF SHORELINE on Painted Hills Lake offers the perfect blend of move-in-ready comfort and future potential. The property features a fully renovated two-bedroom home boasting new LVP flooring, a new deck, a modern sound system, and updated roof and mechanicals. For the craftsman or car enthusiast, the brand-new three-car carriage house is a standout. It includes a mechanic's pit, one 8-foot garage door, two 6-foot doors, a spacious unfinished upper level ideal for a game room or studio, and a second storage garage.With ample space to build your custom dream home. It has already undergone soil testing (Level 2) and has an additional septic permit is in progress; offers are welcome to be written with a contingency on its approval. Enjoy waterfront living with your own private floating dock on a lake that permits speedboats. While lake levels are currently lowered for routine dam maintenance, they are scheduled to return to normal by spring. Utilities include city water, propane, and septic, all supported by an active and affordable $1,200/year HOA. This is an exceptional chance to secure a versatile property in a sought-after community with excellent Highway 69 access.
Description provided by the listing brokerage.
Interior
- Appliances
- Interior features
- Fireplaces
- 1
- Fireplace type
- Windows
- Rooms
- 4
- Main-level bedrooms
- 2
Exterior
- Exterior features
- Patio and porch
- Construction
- Foundation
- Style
- Parking and garage
- View
- Waterfront
- Other structures
- Other equipment
Systems
- Heating
- Cooling
- Water
Lot and HOA
- HOA fee
- $1,200 / annually
- Lot features
- HOA fee includes
- HOA amenities
Schools
- Elementary school
- Indian Creek Elementary School
- Middle school
- Indian Creek Middle School
- High school
- Indian Creek Sr High School
- School district
- Nineveh-Hensley-Jackson United
Taxes
- Estimated annual tax
- $3,802 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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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- @properties
- Listing Office Phone:
- 317-489-3441