*Diamond in the Rough with Strong Upside*
Tucked away among mature trees and hidden from the road, this secluded cabin offers privacy, acreage, and incredible potential. Situated on 2 parcels totaling nearly 4 acres, plus an extra-long and wide gravel easement, this property provides a rare setting with plenty of room to enjoy and improve.
The home features 2 bedrooms and 2 bathrooms, along with a loft area for guests or storage. The lower level includes a master bedroom with walk-in closet and full bathroom, and with the addition of an egress window or walkout access, the home could function as a 3-bedroom property. The walkout basement is partially finished and ready for your vision, making this a true diamond in the rough with excellent potential to add value.
Updated approximately 2 years ago with a Gree WiFi heat pump mini split system, with a unit on each level to help improve comfort and reduce heating and cooling costs.
A detached 2-car garage adds even more value, featuring electric, insulation, a wood-burning stove, and an enclosed lean-to with industrial floor-to-ceiling shelving for outstanding storage or workshop space.
This property also offers strong income potential and would make a desirable Airbnb, especially during the Friendship, Indiana NMLRA flea market and shoot, with potential yearly income of approximately $2,400 to $3,000. A rare opportunity to own a private, desirable property with great bones, strong upside, and room to finish the lower level and maximize its full potential.
For sale by owner
$249,000
3976 E Olean Rd, Versailles, IN 47042
2beds
1,560sqft
SingleFamily
Built in 2002
3.03 Acres Lot
$-- Zestimate®
$160/sqft
$-- HOA
What's special
Gas fireplaceParking and turn aroundFront porch
- 71 days |
- 1,142 |
- 32 |
Listed by:
Property Owner (812) 621-8690
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heat pump, Electric, Propane / Butane
Cooling
- Other
Appliances
- Included: Range / Oven
Features
- Flooring: Tile, Concrete, Hardwood
- Basement: Partially finished
Interior area
- Total interior livable area: 1,560 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage - Detached, Off-street
Features
- Levels: One and One Half
- Exterior features: Wood, Wood products, Cement / Concrete, Metal
- Has view: Yes
- View description: Territorial
Lot
- Size: 3.03 Acres
Details
- Parcel number: 691709000001002005
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood
- Roof: Metal
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Gas: Propane Leased
- Sewer: Septic Tank
- Water: Public
Community & HOA
Location
- Region: Versailles
Financial & listing details
- Price per square foot: $160/sqft
- Tax assessed value: $113,000
- Annual tax amount: $551
- Date on market: 4/5/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,787/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/5/2026 | Listed for sale | $249,000+24.5%$160/sqft |
Source: Owner Report a problem | ||
| 11/25/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/23/2025 | Listed for sale | $200,000-9.9%$128/sqft |
Source: Owner Report a problem | ||
| 11/5/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/7/2025 | Listed for sale | $222,000+30.6%$142/sqft |
Source: Owner Report a problem | ||
| 5/29/2020 | Listing removed | $170,000$109/sqft |
Source: Bang Realty Inc #191744 Report a problem | ||
| 4/27/2020 | Price change | $170,000-2.8%$109/sqft |
Source: Bang Realty Inc #191744 Report a problem | ||
| 2/5/2020 | Price change | $174,900-2.8%$112/sqft |
Source: Bang Realty Inc #191744 Report a problem | ||
| 12/22/2019 | Price change | $179,900-2.7%$115/sqft |
Source: Bang Realty Inc #191744 Report a problem | ||
| 11/4/2019 | Listed for sale | $184,900+16.3%$119/sqft |
Source: Bang Realty Inc #191744 Report a problem | ||
| 6/8/2018 | Sold | $159,000+7.4%$102/sqft |
Source: Agent Provided Report a problem | ||
| 6/6/2007 | Sold | $148,000$95/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2014 | $551 +0.3% | $113,000 -1.3% |
| 2013 | $550 -5.7% | $114,500 -2.8% |
| 2012 | $583 -13.5% | $117,800 -1.6% |
| 2011 | $674 +7.7% | $119,700 -0.3% |
| 2010 | $626 +3.4% | $120,000 |
| 2009 | $605 +44.7% | $120,000 +2.6% |
| 2007 | $418 | $117,000 +0.7% |
| 2006 | -- | $116,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 47042
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 7/10South Ripley Elementary SchoolGrades: PK-6Distance: 6.4 mi
- 8/10South Ripley Junior High SchoolGrades: 7-8Distance: 6.1 mi
- 5/10South Ripley High SchoolGrades: 9-12Distance: 6.1 mi
Schools provided by the listing agent
- District: South Ripley
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Ripley County
- Versailles
- 47042
- 3976 E Olean Rd




