Closed

$585,000

111 S County Road 500 E, New Castle, IN 47362

4beds

4,724sqft

Single Family Residence

Built in 1992

15 Acres Lot

$585,100 Zestimate^®

$--/sqft

$2,761 Estimated rent

Home value

$585,100

$532,000 - $638,000

$2,761/mo

Zestimate^® history

Owner options

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$2,761/mo

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$2,761/mo

Rent Zestimate^®

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$2,839/mo

Est. payment

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$2,839/mo

Est. payment

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What's special

Large recreation roomSeparate riding arenaFresh coat of paint

Pristine private retreat overlooking the countryside just minutes outside of New Castle! On the sprawling 15 acres you’ll find a spacious 4 bed / 3 full bath home with detached 3 car garage and multipurpose barn with horse facilities. The house received a fresh coat of paint and the flooring has been updated. The main floor features a primary bedroom with an en suite bath. The second level features a large recreation room along with 2 additional bedrooms that share a bathroom. There are 6 horse stalls and a separate riding arena that were added to the former cattle barn. The acres of pasture are pristine and beautiful.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3
Main level bedrooms: 2

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Dining room

Level: Main
Area: 221
Dimensions: 17 x 13

Family room

Level: Main
Area: 255
Dimensions: 17 x 15

Kitchen

Level: Main
Area: 300
Dimensions: 25 x 12

Living room

Level: Main
Area: 399
Dimensions: 21 x 19

Heating

Propane, Forced Air

Cooling

Central Air

Appliances

Included: Disposal, Dishwasher, Microwave, Refrigerator, Gas Range, Gas Water Heater, Water Softener Owned
Laundry: Sink, Main Level

Features

Breakfast Bar, Ceiling Fan(s), Laminate Counters, Eat-in Kitchen, Stand Up Shower, Tub and Separate Shower, Tub/Shower Combination, Main Level Bedroom Suite, Formal Dining Room
Flooring: Hardwood, Carpet, Vinyl
Windows: Window Treatments, Blinds
Basement: Crawl Space,Partial,Unfinished,Block,Concrete,Sump Pump
Number of fireplaces: 1
Fireplace features: Living Room, Gas Log, Insert

Interior area

Total structure area: 5,744
Total interior livable area: 4,724 sqft
Finished area above ground: 4,724
Finished area below ground: 0

Property

Parking

Total spaces: 3
Parking features: Detached, Garage Door Opener, Asphalt
Garage spaces: 3
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Porch
Fencing: Farm

Lot

Size: 15 Acres
Dimensions: 430x1680
Features: 15+, Rural

Details

Parcel number: 331317000202.000019
Other equipment: Sump Pump

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

Brick
Roof: Dimensional Shingles

Condition

New construction: No
Year built: 1992

Utilities & green energy

Electric: REMC
Gas: Other
Sewer: Septic Tank
Water: Well

Community & HOA

Community

Subdivision: None

Location

Region: New Castle

Financial & listing details

Tax assessed value: $271,100
Annual tax amount: $1,880
Date on market: 6/5/2026
Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan

Price history

Date	Event	Price
8/6/2026	Sold	$585,000-10%
Source: IRMLS #202621898 Report a problem
7/10/2026	Pending sale	$649,900
Source: IRMLS #202621898 Report a problem
6/5/2026	Listed for sale	$649,900-45.8%
Source: IRMLS #202621898 Report a problem
7/31/2024	Listing removed	$1,200,000$254/sqft
Source: MIBOR as distributed by MLS GRID #21992400 Report a problem
7/26/2024	Listed for sale	$1,200,000-93.4%$254/sqft
Source: MIBOR as distributed by MLS GRID #21992400 Report a problem
7/6/2023	Listing removed	--
Source: MIBOR as distributed by MLS GRID #21912627 Report a problem
5/16/2023	Price change	$18,208,500-11.2%$3,854/sqft
Source: MIBOR as distributed by MLS GRID #21912627 Report a problem
3/28/2023	Listed for sale	$20,500,000$4,340/sqft
Source: MIBOR as distributed by MLS GRID #21912627 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,073 +4%	$271,100 -2.2%
2024	$1,994 -13.5%	$277,300 +2.4%
2023	$2,306 +42.1%	$270,700 +5.2%
2022	$1,623 +2.1%	$257,200 +26.8%
2021	$1,589 +6.7%	$202,900
2020	$1,490 +6.8%	$202,900 +2.1%
2019	$1,394 -72.8%	$198,800
2017	$5,124 +1.4%	$198,800 -48.4%
2016	$5,053 -2.5%	$385,200 -3%
2014	$5,184 +8.5%	$397,100 +6.4%
2013	$4,777 +4.4%	$373,300 +2.5%
2012	$4,573 -12.4%	$364,200 -12.6%
2011	$5,221 +6.6%	$416,900 +3.7%
2010	$4,896 +1.1%	$402,070 -5.4%
2009	$4,844 +13.9%	$425,220 +6.8%
2007	$4,253 -10.5%	$398,270 +5.9%
2006	$4,754	$376,100 +15.2%
2005	--	$326,500