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Active
    • $550,000

    10227 Lorainne Rd, Leopold, IN 47551

    3beds
    1,354sqft
    : 
    $3,569/mo
    Get pre-qualified
    Single Family Residence
    Built in 1972
    31.18 Acres Lot
    $508,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    All-brick exteriorSecluded setting provides privacyMetal roof
    Very special and unique 31-acre property offers opportunities for full-time living, recreation, investment, hunting or a private getaway. The secluded setting provides privacy and is surrounded by abundant wildlife and natural beauty. Property features a 2+ acre stocked lake with a scenic, park-like setting. The land includes established walking and ATV trails, cliffs, rock formations, and creeks with seasonal waterfalls. Woods consist primarily of hardwoods with future timber potential; seller recently completed a light select cut. The home offers 3 bedrooms, 1 full bath, and a full unfinished walk-out basement. Constructed with all-brick exterior and a metal roof, the home has been updated and is move-in ready. Currently used as an Airbnb and office/workspace, but easily adaptable for full-time living. Includes multiple outbuildings and shelter house. A large barn with a massive fireplace provides a great space for gatherings or events. Property was formerly home to Eagle Wings Zipline; existing zipline towers remain but are not currently in use. This property is truly special, so much to take in!!!
    127 days
    |
    306
    |
    20
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Phyllis LaGrange Cell:812-719-4221,

    Key Associates Signature Realty

    Source: IRMLS,MLS#: 202611690MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bedrooms: 3
      Bedroom 1
      • Level: Main
      Bedroom 2
      • Level: Main
      Dining room
      • Level: Main
      • Area: 132
      • Dimensions: 12 x 11
      Kitchen
      • Level: Main
      • Area: 121
      • Dimensions: 11 x 11
      Living room
      • Level: Main
      • Area: 204
      • Dimensions: 17 x 12
      Heating
      • Electric, Heat Pump
      Cooling
      • Central Air
      Appliances
      • Included: Microwave, Refrigerator, Washer, Dryer-Electric, Electric Range, Electric Water Heater, Water Softener Owned
      Features
      • Breakfast Bar, Ceiling Fan(s), Laminate Counters, Eat-in Kitchen, Entrance Foyer, Stand Up Shower
      • Flooring: Carpet, Laminate, Tile
      • Windows: Window Treatments
      • Basement: Full,Walk-Out Access,Unfinished,Exterior Entry,Block
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 2,708
      • Total interior livable area: 1,354 sqft
      • Finished area above ground: 1,354
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Parking features: Gravel
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Porch Covered
      • Fencing: Chain Link,Pet Fence
      • Waterfront features: Lake
      Lot
      • Size: 31.18 Acres
      • Features: Many Trees, Irregular Lot, Rolling Slope, Sloped, 15+, Wooded, Rural
      Details
      • Additional structures: Barn(s), Outbuilding
      • Additional parcels included: 6209-15-300-001.002-003
      • Parcel number: 620915300001.001003

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1972

      Utilities & green energy

      • Electric: Southern Indiana Power
      • Gas: None
      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Features: None
      • Subdivision: None
      Location
      • Region: Leopold

      Financial & listing details

      • Tax assessed value: $148,900
      • Annual tax amount: $3,070
      • Date on market: 4/6/2026
      • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
      • Road surface type: Gravel

        Estimated market value

        $508,200

        $483,000 - $534,000

        $1,168/mo

        Price history

        DateEventPrice
        4/6/2026Listed for sale$550,000
        Source: IRMLS #202611690 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,729 +10.7%$148,900 +5.7%
        2024$2,465 +0.3%$140,900 +13%
        2023$2,458 +11.8%$124,700 -0.9%
        2022$2,199 +12%$125,800 +14.5%
        2021$1,963 +7%$109,900 +6.4%
        2020$1,835 -0.2%$103,300 +3.3%
        2019$1,838 +1%$100,000 +3.2%
        2018$1,820 +11.5%$96,900 -3.2%
        2017$1,632 $100,100 +1.4%
        2016$1,632 +0.9%$98,700 +5.3%
        2014$1,617 -4.9%$93,700 +2%
        2013$1,700 +2.9%$91,900 -3.8%
        2012$1,653 $95,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 47551

        Getting around

        6 / 100
        Car-Dependent
        4 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Perry Central
        • Middle: Perry Central
        • High: Perry Central
        • District: Perry Central Community Schools

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

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