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  • Price cut: $20K (8/20)
    $674,700

    16321 Colorado St, Hebron, IN 46341

    3beds
    2,503sqft
    : 
    $4,235/mo
    Get pre-qualified
    Single Family Residence
    Built in 1993
    21.91 Acres Lot
    $647,400 Zestimate®
    $270/sqft
    $-- HOA

    What's special

    Pole barnWood-burning fireplaceCharming entrySpectacular stone hearthFenced pasturesRound penWash rack
    Boasting 21+ picturesque acres, this remarkable property offers a rare opportunity to enjoy country living w/o sacrificing convenience. Currently a private equestrian farm, the property features fenced pastures, a hayfield, pole barn, prof. installed outdoor ring, wash rack, round pen, and scenic 1-mi. trail thru open & wooded areas around the property. Beyond the noteworthy acreage and equestrian amenities, the property offers a lifestyle that is increasingly difficult to find. Gently rolling expansive fields, gardens, and recreational spaces create a setting that feels both peaceful and vibrant. Whether enjoying a morning ride, an evening walk along the wooded trail, gathering with friends on the deck, cutting wildflowers, hosting ATV races and hayrides, or simply taking in the views, this property offers endless year-round outdoor connection. Even still, the storybook front porch will draw new owners inside through the charming entry, into a cottage that feels both cozy and unexpectedly spacious. Vaulted beamed ceilings, a spectacular stone hearth, and wood-burning fireplace create warmth and character that are also enjoyed from the open dining area and onward to the expansive partially covered deck overlooking the gardens, outdoor ring, gently rolling pastures, hayfield & partially wooded acreage beyond. Back inside, the thoughtful split floorplan places the primary suite adjacent the kitchen & laundry rm, while 2 additional bedrooms & full bath are situated on the opposite side of the home. Addt'l opportunity awaits in the LL partially finished 1428sf walkout basement & 3/4 bath. At the heart of the property, the home serves as a welcoming centerpiece while the surrounding acreage offers endless potential - whether with livestock, hobby farming, recreation, gardening, multi-gen living, or just enjoying the peace. Given the opportunity to escape to this life while enjoying proximity to all of life's necessities, new owners will gain far more than real estate.
    78 days
    |
    1,147
    |
    52
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Johns,

    McColly Real Estate 219-322-5508

    Source: NIRA as distributed by MLS GRID,MLS#: 840238MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 3/4 bathrooms: 1
      Rooms
      • Room types: Bonus Room, Other Room, Primary Bedroom, Laundry, Kitchen, Family Room, Dining Room, Bedroom 3, Bedroom 2
      Primary bedroom
      • Description: Vaulted ceiling, expansive view to the front of the property, Italian slate flooring, closet with barn door, linen closet & beautifully renovated, spa-like ensuite bath. The primary bedroom has an estimated total 212sf. The room measurements shown exclude the 5'9"x6' bedroom entry that also features a linen closet.
      • Level: Main
      • Area: 179.52
      • Dimensions: 13.2 x 13.6
      Bedroom 2
      • Description: Bedrooms 2 & 3 have hardwood flooring and are situated on the right side of the split floorplan, adjacent to the 2nd main level renovated full bath.
      • Level: Main
      • Area: 134.07
      • Dimensions: 10.9 x 12.3
      Bedroom 3
      • Description: From the window seat of the 3rd main level generously sized bedroom is a lovely front property and pasture view. Bedroom 3 also features 2 closets. Bedrooms 2 & 3 have hardwood flooring and are situated on the right side of the split floorplan, adjacent to the 2nd main level renovated full bath.
      • Level: Main
      • Area: 158.27
      • Dimensions: 13.3 x 11.9
      Bonus room
      • Description: As seen in the photos, the partially finished lower level bonus space is open but can be defined as 2 living spaces. These measurements indicate that separation. Aside from an additional 2 smaller rooms, additional closets, and storage, the lower level also has is a 3rd bathroom with shower. All of this with exterior access through the door that is pictured at the far end of the bonus space. The lower level offers endless potential, including related living space, workout & office space, recreation, game, and family room space, as well as the addition of 4th & 5th bedrooms.
      • Level: Basement
      • Area: 406.4
      • Dimensions: 32.0 x 12.7
      Bonus room
      • Description: As seen in the photos, the partially finished lower level bonus space is open but can be defined as 2 living spaces. These measurements indicate that separation. Aside from an additional 2 smaller rooms, additional closets, and storage, the lower level also has is a 3rd bathroom with shower. All of this with exterior access through the door that is pictured at the far end of the bonus space. The lower level offers endless potential, including related living space, workout & office space, recreation, game, and family room space, as well as the addition of 4th & 5th bedrooms.
      • Level: Basement
      • Area: 201.6
      • Dimensions: 12.0 x 16.8
      Dining room
      • Description: Spectacular view through sliding door that leads to the phenomenal rear deck. Also open to family room and kitchen with hardwood floors, wood burning fireplace with stone hearth, beamed ceiling.
      • Level: Main
      • Area: 134.93
      • Dimensions: 10.3 x 13.1
      Family room
      • Description: Lovely welcoming space with hardwood floors, wood burning fireplace with stone hearth, beamed ceiling, open to dining and kitchen areas.
      • Level: Main
      • Area: 287.3
      • Dimensions: 16.9 x 17.0
      Kitchen
      • Description: Open to dining area, hardwood floors, leads to laundry room.
      • Level: Main
      • Area: 119.56
      • Dimensions: 12.2 x 9.8
      Laundry
      • Description: Hardwood floors and door that leads to large side deck and garage. Washer & dryer included.
      • Level: Main
      • Area: 51.46
      • Dimensions: 8.3 x 6.2
      Other
      • Description: These smaller rooms in the lower level have closets and offer tremendous flexibility as potential office, work out, storage, or - with egress - 4th/ 5th bedrooms. Aside from the larger bonus spaces, additional closets, and storage, the lower level also has is a 3rd bathroom with shower. All of this with exterior access through the door that is pictured at the far end of the bonus space.
      • Level: Basement
      • Area: 92.92
      • Dimensions: 9.2 x 10.1
      Other
      • Description: These smaller rooms in the lower level have closets and offer tremendous flexibility as potential office, work out, storage, or - with egress - 4th/ 5th bedrooms. Aside from the larger bonus spaces, additional closets, and storage, the lower level also has is a 3rd bathroom with shower. All of this with exterior access through the door that is pictured at the far end of the bonus space.
      • Level: Basement
      • Area: 132.31
      • Dimensions: 13.1 x 10.1
      Heating
      • Forced Air
      Appliances
      • Included: Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Electric Range, Dishwasher
      Features
      • Ceiling Fan(s), Vaulted Ceiling(s), Soaking Tub, Recessed Lighting, Open Floorplan, In-Law Floorplan, High Ceilings
      • Windows: Blinds, Insulated Windows
      • Basement: Full,Walk-Out Access,Unfinished,Storage Space,Sump Pump,Partially Finished,Interior Entry
      • Number of fireplaces: 1
      • Fireplace features: Family Room, Wood Burning
      Interior area
      • Total structure area: 2,503
      • Total interior livable area: 2,503 sqft
      • Finished area above ground: 1,428
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Detached, Oversized, Gravel, Driveway, Additional Parking, Other, Garage Door Opener
      • Garage spaces: 4
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Patio & porch: Covered, Rear Porch, Porch, Patio, Other, Front Porch, Deck
      • Exterior features: Fire Pit, Storage, Rain Gutters, Private Yard, Other
      • Pool features: None
      • Fencing: Chain Link,Fenced
      • Has view: Yes
      • View description: Meadow, Trees/Woods, Rural, Pond, Other
      • Has water view: Yes
      • Water view: Pond
      Lot
      • Size: 21.91 Acres
      • Features: Back Yard, Wooded, Rectangular Lot, Private, Near Public Transit, Other, Landscaped, Front Yard
      Details
      • Has additional parcels: Yes
      • Parcel number: 452012300006000012
      • Zoning description: residential
      • Special conditions: None
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1993

      Utilities & green energy

      • Electric: 200+ Amp Service, Generator
      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Connected, Water Connected, Natural Gas Connected

      Community & HOA

      Community
      • Subdivision: Eagle Creek
      HOA
      • Has HOA: No
      Location
      • Region: Hebron

      Financial & listing details

      • Price per square foot: $270/sqft
      • Tax assessed value: $399,800
      • Annual tax amount: $4,205
      • Date on market: 6/5/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,USDA Loan,Other,Conventional

        Estimated market value

        $647,400

        $615,000 - $680,000

        $3,222/mo

        Price history

        DateEventPrice
        8/20/2026Price change$674,700-2.9%$270/sqft
        Source: NIRA as distributed by MLS GRID #840238 Report a problem
        6/25/2026Price change$694,700-7.4%$278/sqft
        Source: NIRA as distributed by MLS GRID #840238 Report a problem
        6/5/2026Listed for sale$749,900+121.9%$300/sqft
        Source: NIRA as distributed by MLS GRID #840238 Report a problem
        11/22/2019Sold$338,000-8.6%$135/sqft
        Source: NIRA as distributed by MLS GRID #450016 Report a problem
        8/26/2019Listed for sale$369,900$148/sqft
        Source: Coldwell Banker Res. Brokerage #450016 Report a problem
        8/9/2019Pending sale$369,900$148/sqft
        Source: Coldwell Banker Residential Brokerage - Highland #450016 Report a problem
        2/26/2019Listed for sale$369,900$148/sqft
        Source: Coldwell Banker Res. Brokerage #450016 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,627 +0.1%$399,800 +5.5%
        2024$3,623 +5.7%$378,800 +1.4%
        2023$3,428 +29.5%$373,700 +13.1%
        2022$2,648 +7.8%$330,300 +19.8%
        2021$2,457 +1%$275,800 +3.7%
        2020$2,433 +7.7%$266,000 +6%
        2019$2,260 -4.2%$250,900 +2.7%
        2018$2,360 +4.7%$244,300 +1.2%
        2017$2,253 $241,300 -0.1%
        2016$2,253 +7%$241,500 +6.3%
        2014$2,105 -5.4%$227,200 -1%
        2013$2,227 -20.3%$229,400 -3.2%
        2012$2,795 +3%$237,000 -8%
        2011$2,713 -10%$257,500
        2010$3,015 $257,500
        2009-- $257,500
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        Climate risks

        Neighborhood: 46341

        Getting around

        0 / 100
        Car-Dependent
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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