5088 S Ray Rd, Underwood, IN 47177 | MLS# 1719532

$299,999
5088 S Ray Rd, Underwood, IN 47177, Underwood
Active

Overview

  • Updated On:
  • July 3, 2026
  • 3 Bedrooms
  • 2 Bathrooms
  • 2,523 ft2

Description

If you’re looking for privacy, acreage, and endless potential — this is it! Investor special sitting on two parcels totaling 23.7 heavily wooded acres (8.75 acres + 14.95 acres) with scenic views, abundant wildlife, and a pond perfect for fishing right on your own property. This walkout ranch needs TLC but offers incredible opportunity for an investor, hunting retreat, rental property, or private country escape. The home features 2 bedrooms upstairs, 1 bedroom in the finished walkout basement, two wood-burning fireplaces, an attached 2-car garage, and a functional layout with a breakfast bar, bay window dining area, and generous living spaces. Relax on the porch surrounded by mature shade trees and peaceful nature views. Rare chance to own this much land, privacy, and potential all in on

Address: 5088 S Ray Rd, Underwood, IN 47177
City:
State/County:
Zip: 47177
Country: United States

Property Id: 6973130
Price: $299,999
Property Size: 2,523 ft2
Property Lot Size: 24 ft2
Rooms: 7
Bedrooms: 3
Bathrooms: 2
BathroomsFull: 2
ListAgentKey: 20240226182025696710000000
StreetNumberNumeric: 5088
ListAgentFullName: Jay Arora
InternetAddressDisplayYN: 1
ListAgentMobilePhone: 502-619-3739
OnMarketDate: 2026-06-04
InternetEntireListingDisplayYN: 1
ListOfficeKey: 20250616152013203064000000
ListAgentLastName: Arora
StatusChangeTimestamp: June 4, 2026 at 08:06pm
ListAgentFirstName: Jay
PriceChangeTimestamp: July 2, 2026 at 07:00pm
MajorChangeType: Price Reduced
LotSizeUnits: Acres
DocumentsCount: 1
PatioAndPorchFeatures: Screened Porch, Deck, Porch
LotSizeSquareFeet: 381150
ListingId: 1719532
YearBuilt: 1989
SourceSystemName: APEX MLS (Greater Louisville Association of REALTORS®)
SourceSystemKey: 20260604194136323620000000
ArchitecturalStyle: Ranch
Basement: Walkout Finished
StateOrProvince: IN
ListOfficeName: 85W Real Estate
OriginatingSystemKey: 20260604194136323620000000
PhotosCount: 43
PhotosChangeTimestamp: July 2, 2026 at 11:51pm
BuildingAreaTotal: 1442
Stories: 1
OriginatingSystemName: APEX MLS (Greater Louisville Association of REALTORS®)
Utilities: Electricity Connected
OriginalListPrice: 399999
Sewer: Septic Tank
ListingContractDate: 2026-06-04
StreetSuffix: Rd
OriginatingSystemID: M00000290
StreetNumber: 5088
StreetName: Ray
ListAgentEmail: Jay@85wrealestate.com
ModificationTimestamp: July 2, 2026 at 11:52pm
ListOfficeMlsId: 1921802
MlsStatus: Active
TaxBlock: 0000
LotSizeArea: 23.75
SourceSystemID: M00000290
ParcelNumber: 72-10-14-200-024.001-001
ListAgentMlsId: 30051
ParkingFeatures: Detached, None
DocumentsChangeTimestamp: 2026-06-04T20:06:08Z
Heating: Other
StreetDirPrefix: S
MajorChangeTimestamp: July 2, 2026 at 07:00pm
Directions: Get on I-264 W Continue on I-264 W. Take I-65 N to IN-160 E in Henryville. Take exit 19 from I-65 N Take US-31 N and County Line Rd W to S Ray Rd in Finley Township 5088 S Ray Rd Underwood, IN 47177
MLSAreaMajor: 13-Indiana
LivingAreaSource: Other
GarageSpaces: 1
MLSAreaMinor: 13-Indiana
WaterSource: Public
TaxLot: 0000
AboveGradeFinishedArea: 1442
BuildingAreaSource: Other
FoundationDetails: Poured Concrete
BelowGradeFinishedArea: 1081
Roof: Shingle
ConstructionMaterials: Wood Frame, Stone

Other Features
Has Garage
Has Heating System

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$1,538.15
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 1,163.16

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