5165 Downey Lane, Lafayette, IN 47905

$724,900 Asking Price

3 beds
3 baths
4,094  sqft
Built in 1981

Welcome to your dreams! 5165 Downey Lane has everything you would need to create the memories and rewards from owning your own mini farm. The 19+ acres is just the start. This one owner meticulously maintained and updated ranch country home has over 3,770 finished square feet, 3 bedrooms, 2.5 bathrooms, office space, stamped concrete patio, beautiful kitchen, and a finished basement with even more finishable sq ft available! The "farm" was once home to over 22 horses! There are 2 barns on this property. The livestock barn has 4 stalls, 2 more stalls with outside runs, a washroom, tack room, feed room, hay storage and more room for equipment storage. The shop barn has loads of room for tools. Part of the acreage has been used yearly for income producing hay production and much of the property is fenced in for pasture. There are also 8 acres of woods on this property which is where the owner harvested all of the trophy mature bucks displayed in the home! There are no restrictions on this property so if horses aren't your thing, you can bring your cows, goats, chickens, sheep, etc. As a major added value to this estate, per Tipp. Co. Area Plan, this property can have 10 acres parceled off to sell to friends/family if the buyer would choose.

Features & Amenities

Interior

Basement:
Full Basement,Partially Finished
A/C:
Central Air
Heating:
Propane,Baseboard,Forced Air,Multiple Heating Systems
Fireplace:
Living/Great Rm,Wood Burning,Basement,Wood Burning Stove, Fireplace, Fireplaces: 2

Exterior

General:
Brick
Style:
Ranch

Construction

General:
One Story, Full Basement,Partially Finished

Location

HOA Amenities:
Not Applicable
School District:
Tippecanoe School Corp.

Lot

Zoning:
PT RICH RES TWP 22 R3& PT RICH RES TWP 22 R3 8.57 A& PT RICH RES TWP 22 R3 8.755 A, 79-12-47-780-023.000-012

Utilities

Water:
Well

This listing courtesy of:
Lafayette Listing Realty LLC, Reagan Geswein

About Lafayette, IN

Housing

Number of Units
47,299
Median Home Value
$155,423
Median Rent
$721

40.32% of housing units are renter occupied.

6.82% are vacant.

Commute

Car
81.86%
Public Transportation
1.98%
Walk to Work
1.46%
Work from Home
13.98%
Other
0.33%

The median travel time to work is 17 minutes.

People

Population
108,492
Median Age
33.90
Median Household Size
2.51

Education

High School
31.42%
Associate’s Degree
7.60%
Bachelor’s Degree
20.11%
Graduate Degree
11.22%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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