0 Richards Road, Morgantown, IN 46160

$2,500,000 Asking Price

1 bed
5 baths
4,000  sqft
Built in 2024

Unique opportunity to own a New Construction Custom 3 BD/5BA Home on 50 wooded acres located in northern Brown County! This property has it all; Custom Home situated to overlook a future 6 acre Lake, Wooded Acreage, and a massive 60'x120' Barn! Main level of home features an open concept floor plan with Cathedral ceiling over Dining and Living room. 10' ceilings throughout the rest of the main level. A 1,600sqft Loft offers a half bathroom and a Large Bonus Room. Loft is open to the Living and Dining area. Walk-out Basement has 10' ceilings and will have 2 bedrooms and 2 full bathrooms. Basement is very unique with 12" poured concrete walls, Safe Room, and will have a Cold Storage area. The Barn will have a 600sqft Accessory Dwelling Unit. The ADU will offer 1 bedroom, a full bathroom, Kitchen, and Laundry connection. Radiant Floor Heat through-out the Barn, Basement and 4 Car Attached Garage. This property is not your typical new build as the infrastructure is unmatched. The Home and Barn have a 400 amp Electrical Service and both structures are set up for backup Generators. Property is connected to Municipal Water supplied with a 2" water supply line. There are 6 water hydrants throughout the property approx. 300' apart with their own respective shut off valves. The house can be heated with a Duel Heating System utilizing LP Forced Air and/or the Outdoor Wood Burning Furnace. Property utilizes a 5 bedroom septic system and has a second septic approved for a future residence. Purchase now to finish the home with your own builder and customize with your own preferences! By appointment only. No trespassing.


Features & Amenities

Interior

General:
Cathedral Ceiling(s), Raised Ceiling(s), Hi-Speed Internet Availbl, In-Law Arrangement, Pantry, Supplemental Storage, Walk-in Closet(s)
Appliances:
None
Laundry:
Laundry Room
Basement:
Ceiling - 9+ feet, Full, Roughed In, Storage Space, Unfinished, Walk Out
A/C:
Central Electric
Heating:
Dual, Propane, Radiant Floor, Wood Stove
Fireplace:
Living Room, Fireplaces: 1

Exterior

General:
Carriage/Guest House, Out Building With Utilities
Style:
TraditonalAmerican
Other Structures:
Covered Porch, Open Patio
Parking:
Attached, Gravel

Construction

General:
One and One Half, Concrete Perimeter

Location

Originating MLS:
mibor
School District:
Brown County School Corporation
County:
Brown

Lot

Zoning:
ADMIN COMB 50.00AC = S1/2 SE NE (20.00 AC) & N1/2 S1/2 NE 09-10-02 (30.00 AC) (2-27-07 18.75 AC (C) & 1.25 AC (NC) & (2-27-07 30.00 AC(C)), 070309200104000002

Utilities

Utilities:
Electricity Connected, Septic System, Water Connected, 200+ Amp Service
Water:
Municipal/City

Financial

Source:
mibor

This listing courtesy of:
Smythe & Co, Inc, Justin Cave

About Morgantown, IN

Housing

Number of Units
3,262
Median Home Value
$195,824
Median Rent
$643

14.16% of housing units are renter occupied.

12.53% are vacant.

Commute

Car
85.96%
Public Transportation
0.49%
Walk to Work
0.61%
Work from Home
12.89%
Other
0.05%

The median travel time to work is 33 minutes.

People

Population
7,360
Median Age
47.70
Median Household Size
2.72

Education

High School
42.25%
Associate’s Degree
7.48%
Bachelor’s Degree
12.93%
Graduate Degree
6.69%

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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