8490 Spearsville Road
Morgantown, IN 46160
- 3 beds
- 3 baths
- 2,912 sqft
- ~40 acre lot
- $266 per sqft
- 1995 build
Brown County Dream Home! Stunning 3-Bed, 3-Bath Ranch on 40 Private Acres with a 5-Acre Spring-Fed Lake! Experience the perfect blend of comfort, privacy, and natural beauty with this one-of-a-kind, single-owner home. Nestled on 40 wooded acres, this meticulously maintained ranch boasts breathtaking views, modern upgrades, and endless opportunities for relaxation and recreation. Key Features You'll Love: Private 5-Acre Spring-Fed Lake - Enjoy fishing, kayaking, or simply soaking in the serene views from your huge deck overlooking the water. Spacious & Updated - A bright, open floor plan with 3 bedrooms, 3 full baths, and a large gathering area, perfect for entertaining. Walkout Basement with Pool Table - A fantastic space for guests, hobbies, or game nights! Massive 1,200 Sq. Ft. Pole Barn - Ideal for storing all your tools, equipment, and outdoor toys. Energy-Efficient & Cost-Saving - Featuring an outdoor wood-burning furnace to heat your home and water in the winter, slashing your electric bills! Also, a unique well system that draws water directly from the lake. Recent Upgrades for Peace of Mind: New Roof (2020) New Heat Pump (2022) New Water Filter System (2024) New Sewage Pump (2023) New Well System (2018). This is more than just a home-it's a private retreat where you can escape the hustle and bustle, explore the great outdoors, and create memories that last a lifetime. Don't miss this rare opportunity! Schedule your private showing today before it's gone!
Last checked:
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Last updated Mar 16, 2025
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MLS# 22027203 —
The Building
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Year Built:1995
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:Ranch
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Levels:One
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Basement:true
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Basement:Daylight/Lookout Windows, Finished, Walk Out
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Foundation Details:Brick, Full
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Patio And Porch Features:Deck Main Level, Deck UP
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Exterior Features:Barn Pole
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Accessibility Features:No
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Green Certification:No
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Building Area Total:2912
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Below Grade Finished Area:1456
Interior
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Rooms:6
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Rooms Total:8
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Rooms Total:6
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Interior Features:Attic Access, Bath Sinks Double Main, Center Island, Central Vacuum, Hi-Speed Internet Availbl, Pantry, Screens Complete, Walk-in Closet(s), Windows Vinyl, WoodWorkStain/Painted
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Other Equipment:Satellite Dish No Controls, Smoke Alarm
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Eating Area:Dining Combo/Kitchen,Dining Combo/Living Room
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Laundry Features:Laundry Room, Main Level
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Fireplaces Total:1
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Fireplace Features:Living Room, Woodburning Fireplce
Room Dimensions
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SqFt:1456
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Main Level SqFt:1456
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Living Area:2912
Location
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Directions:GPS Friendly
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Latitude:39.319568
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Longitude:-86.221374
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:070208200109000006
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Acres:>20 Acres
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Lot Features:Not In Subdivision, Rural - Not Subdivision, Mature Trees, Wooded
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Lot Size Acres:40
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Lot Size SqFt:1,742,400 Sqft
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Price Per Acre:19375
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Additional Parcels:false
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View:true
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Waterfront:true
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Waterfront Features:Dock, Lake Front
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Horse Amenities:None
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Fence:No
Listing Agent
- Contact info:
- Agent phone:
- (317) 989-3272
- Office phone:
- (317) 216-8800
Taxes
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Tax Lot:1
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Tax Year:2024
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Tax Exemptions:Homestead Tax Exemption
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Semi Annual Property Tax Amt:443
Beds
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Beds:2
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Bedrooms:2
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Bedrooms Total:3
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Main Level Bedrooms:2
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Primary Bedroom Description:Closet Walk in
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# of Bedrooms Basement:1
Baths
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Baths:3
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Full Baths:3
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Full Baths:2
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Full Baths Main:2
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Full Baths Basement:1
Heating & Cooling
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Heating:Electric, Forced Air, Wood Stove, Other
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Cooling:Central Electric
Utilities
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Utilities:Cable Available, Electricity Connected
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Electric:200+ Amp Service
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Water Source:Private Well
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Solid Waste:Yes
Appliances
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Appliances:Disposal, MicroHood, Electric Oven, Refrigerator, Water Heater, Water Purifier, Water Softener Owned
Schools
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Middle Or Junior School:Brown County Junior High
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High School:Brown County High School
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High School District:Brown County School Corporation
The Community
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Subdivision Name:No Subdivision
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Spa:false
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Pool Private:false
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Association:false
Parking
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Parking Features:Attached
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Garage:true
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Garage Spaces:2
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Garage SqFt:672
Monthly cost estimate

Asking price
$775,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,149
|
Taxes | $73 |
Insurance | $213 |
Utilities | $173 See report |
Total | $4,608/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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3/16/25
Mar 16, 2025
|
Listed / Active | MIBOR | $775,000 |