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For sale by owner
  • $249,000

    3976 E Olean Rd, Versailles, IN 47042

    2beds
    1,560sqft
    : 
    SingleFamily
    Built in 2002
    3.03 Acres Lot
    $-- Zestimate®
    $160/sqft
    $-- HOA

    What's special

    Gas fireplaceParking and turn aroundFront porch
    *Diamond in the Rough with Strong Upside* Tucked away among mature trees and hidden from the road, this secluded cabin offers privacy, acreage, and incredible potential. Situated on 2 parcels totaling nearly 4 acres, plus an extra-long and wide gravel easement, this property provides a rare setting with plenty of room to enjoy and improve. The home features 2 bedrooms and 2 bathrooms, along with a loft area for guests or storage. The lower level includes a master bedroom with walk-in closet and full bathroom, and with the addition of an egress window or walkout access, the home could function as a 3-bedroom property. The walkout basement is partially finished and ready for your vision, making this a true diamond in the rough with excellent potential to add value. Updated approximately 2 years ago with a Gree WiFi heat pump mini split system, with a unit on each level to help improve comfort and reduce heating and cooling costs. A detached 2-car garage adds even more value, featuring electric, insulation, a wood-burning stove, and an enclosed lean-to with industrial floor-to-ceiling shelving for outstanding storage or workshop space. This property also offers strong income potential and would make a desirable Airbnb, especially during the Friendship, Indiana NMLRA flea market and shoot, with potential yearly income of approximately $2,400 to $3,000. A rare opportunity to own a private, desirable property with great bones, strong upside, and room to finish the lower level and maximize its full potential.
    3 days
    |
    635
    |
    35
    |
    Listed by:

    Property Owner (812) 621-8690

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Heat pump, Electric, Propane / Butane
      Cooling
      • Other
      Appliances
      • Included: Range / Oven
      Features
      • Flooring: Tile, Concrete, Hardwood
      • Basement: Partially finished
      Interior area
      • Total interior livable area: 1,560 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Garage - Detached, Off-street
      Features
      • Levels: One and One Half
      • Exterior features: Wood, Wood products, Cement / Concrete, Metal
      • Has view: Yes
      • View description: Territorial
      Lot
      • Size: 3.03 Acres
      Details
      • Parcel number: 691709000001002005

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Wood
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2002

      Utilities & green energy

      • Gas: Propane Leased
      • Sewer: Septic Tank
      • Water: Public

      Community & HOA

      Location
      • Region: Versailles

      Financial & listing details

      • Price per square foot: $160/sqft
      • Tax assessed value: $113,000
      • Annual tax amount: $551
      • Date on market: 4/5/2026
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,787/mo

        Price history

        Price history
        DateEventPrice
        4/5/2026Listed for sale$249,000+24.5%$160/sqft
        Source: Owner Report a problem
        11/25/2025Listing removed--
        Source: Owner Report a problem
        11/23/2025Listed for sale$200,000-9.9%$128/sqft
        Source: Owner Report a problem
        11/5/2025Listing removed--
        Source: Owner Report a problem
        8/7/2025Listed for sale$222,000+30.6%$142/sqft
        Source: Owner Report a problem
        5/29/2020Listing removed$170,000$109/sqft
        Source: Bang Realty Inc #191744 Report a problem
        4/27/2020Price change$170,000-2.8%$109/sqft
        Source: Bang Realty Inc #191744 Report a problem
        2/5/2020Price change$174,900-2.8%$112/sqft
        Source: Bang Realty Inc #191744 Report a problem
        12/22/2019Price change$179,900-2.7%$115/sqft
        Source: Bang Realty Inc #191744 Report a problem
        11/4/2019Listed for sale$184,900+16.3%$119/sqft
        Source: Bang Realty Inc #191744 Report a problem
        6/8/2018Sold$159,000+7.4%$102/sqft
        Source: Agent Provided Report a problem
        6/6/2007Sold$148,000$95/sqft
        Source: Agent Provided Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2014$551 +0.3%$113,000 -1.3%
        2013$550 -5.7%$114,500 -2.8%
        2012$583 -13.5%$117,800 -1.6%
        2011$674 +7.7%$119,700 -0.3%
        2010$626 +3.4%$120,000
        2009$605 +44.7%$120,000 +2.6%
        2007$418 $117,000 +0.7%
        2006-- $116,200

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $1,429/mo
        Principal & interest
        $1309
        Property taxes
        $120
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          Climate risks

          Neighborhood: 47042

          Getting around

          0 / 100
          Car-Dependent

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: South Ripley

          Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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