For sale

Price cut: $10K (7/24)

$205,000

2200 E Olean Rd, Versailles, IN 47042

3beds

1,605sqft

$1,289/mo

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Single Family Residence

Built in 1893

0.79 Acres Lot

$213,300 Zestimate^®

$128/sqft

$-- HOA

What's special

Nestled in the charming community of Olean, this updated farmhouse blends modern convenience with timeless character. Renovated down to the studs in 2016, major improvements included new roof, siding, insulation, drywall, electrical, cabinetry, countertops, and flooring. The inviting living room showcases original hardwood floors and a cozy gas fireplace. Upstairs, you'll find two spacious bedrooms featuring custom closet systems. Multiple heat sources provide year-round comfort, including a wood stove in the cellar and a furnace and central air system installed in 2018. Outside, the 24'x30' barn with loft and electricity offers excellent storage, workshop, or hobby space. Situated on approximately 0.79 acres, the property features a large backyard, mature trees including a gorgeous magnolia tree and garden area. Keep your pets safe with a DogWatch in-ground fence. Enjoy small-town living with room to grow in this move-in-ready country home at an affordable price.

78 days
217
19

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Primary bedroom

Level: Second
Area: 224
Dimensions: 16 x 14

Bedroom 2

Level: Second
Area: 154
Dimensions: 11 x 14

Bedroom 3

Level: First
Area: 132
Dimensions: 11 x 12

Bedroom 4

Area: 0
Dimensions: 0 x 0

Bedroom 5

Area: 0
Dimensions: 0 x 0

Bathroom 1

Description: Full
Level: First

Bathroom 2

Description: Partial
Level: Second

Dining room

Area: 0
Dimensions: 0 x 0

Family room

Area: 0
Dimensions: 0 x 0

Kitchen

Features: Eat-in Kitchen, Tile Floor
Level: First
Area: 256
Dimensions: 16 x 16

Living room

Features: Wood Floor
Level: First
Area: 256
Dimensions: 16 x 16

Office

Area: 0
Dimensions: 0 x 0

Heating

Forced Air, Natural Gas, Wood

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Dryer, Microwave, Oven/Range, Refrigerator, Washer, Electric Water Heater

Features

Windows: Double Pane Windows, Vinyl
Basement: Cellar,Partial
Has fireplace: Yes
Fireplace features: Brick, Gas, Living Room

Interior area

Total structure area: 1,869
Total interior livable area: 1,605 sqft
Finished area below ground: 0

Property

Parking

Parking features: None, Driveway, Gravel
Has uncovered spaces: Yes

Features

Levels: One and One Half
Stories: 1.5
Fencing: Invisible,Fenced
Frontage length: 0.00

Lot

Size: 0.79 Acres

Details

Additional structures: Barn(s)
Parcel number: 691705300013000005

Construction

Type & style

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

Materials

Vinyl Siding
Foundation: Stone
Roof: Metal

Condition

New construction: No
Year built: 1893

Utilities & green energy

Gas: Propane Leased
Sewer: Septic Tank
Water: Public

Community & HOA

Location

Region: Versailles

Financial & listing details

Price per square foot: $128/sqft
Tax assessed value: $116,600
Annual tax amount: $493
Date on market: 6/16/2026
Road surface type: Paved

Estimated market value

$213,300

$177,000 - $247,000

$1,577/mo

Price history

Date	Event	Price
7/24/2026	Price change	$205,000-4.7%$128/sqft
Source: MLS of Southeastern Indiana #207703 Report a problem
6/16/2026	Listed for sale	$215,000$134/sqft
Source: MLS of Southeastern Indiana #207703 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$464 -3.6%	$116,600 +15.6%
2024	$481 -5.8%	$100,900
2023	$511 +2.9%	$100,900 -1.6%
2022	$497 +2%	$102,500 +7.7%
2021	$487 +29.3%	$95,200
2020	$377 +6.9%	$95,200 +12%
2019	$353 +9.4%	$85,000
2018	$322 +17.8%	$85,000 +0.8%
2017	$274	$84,300
2016	--	$84,300

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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: 47042

Getting around

0 / 100

Car-Dependent

19 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

7/10
South Ripley Elementary School
Grades: PK-6Distance: 4.7 mi
7/10
South Ripley Junior High School
Grades: 7-8Distance: 4.5 mi
6/10
South Ripley High School
Grades: 9-12Distance: 4.5 mi

Schools provided by the listing agent

Elementary: South Ripley Element
High: South Ripley High Sc
District: South Ripley

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