For sale

Price cut: $20K (7/10)

$395,000

4725 E State Road 427, Hamilton, IN 46742

5beds

2,450sqft

$2,374/mo

Get pre-qualified

Single Family Residence

Built in 1970

3.26 Acres Lot

$381,600 Zestimate^®

$161/sqft

$-- HOA

What's special

Partial basementDouble sided fireplaceDining room areaPond view setting

Beautiful Pond View Setting! This home features an additional Mother-In-Law Suite/Apartment. Total living space 2,450 sq. ft. Home side features 3 bedrooms, 2 bath, living room, double sided fireplace, kitchen, dining room area, deck, partial basement, and 1 car attached garage. Mother-In-Law/Apartment side features 2 bedrooms,1 bath, living room, kitchen, deck and 1 car attached garage. Many updates on both sides, windows, flooring, kitchen cabinets and appliances, well, septic and more. Both sides have 200 amp power box. One acre fishing/swimming pond out front and 45x28 insulated pole barn with half loft on 3.26 acres. Just 1 mile from Beautiful Downtown Hamilton Lake!

114 days
524
20

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Rooms

Room types: Dining Room, First Floor Bathroom, Kitchen, Laundry Room, Living Room

Kitchen

Features: Open, Laminate Counters

Basement

Area: 728

Heating

Electric, Wood, Baseboard

Cooling

Central

Appliances

Included: Dishwasher, Refrigerator, Oven, Water Heater

Features

Flooring: Hardwood, Carpet, Tile, Vinyl
Basement: Partial,Unfinished
Number of fireplaces: 1

Interior area

Total structure area: 3,178
Total interior livable area: 2,450 sqft
Finished area above ground: 2,450

Property

Parking

Total spaces: 2
Parking features: Driveway, Attached
Garage spaces: 2
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Deck
Has view: Yes
View description: Pond, Street
Has water view: Yes
Water view: Pond
Waterfront features: Pond

Lot

Size: 3.26 Acres
Features: Trees

Details

Additional structures: Barn(s)
Parcel number: 761027000023000009
Lease amount: $0

Construction

Type & style

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

Materials

Frame, Aluminum Siding
Roof: Asphalt

Condition

New construction: No
Year built: 1970

Utilities & green energy

Electric: Amps(200)
Sewer: Private Septic
Water: Well
Utilities for property: Naturl Gas Available

Community & HOA

HOA

Has HOA: No

Location

Region: Hamilton

Financial & listing details

Price per square foot: $161/sqft
Tax assessed value: $196,100
Annual tax amount: $1,879
Date on market: 5/8/2026
Date available: 05/04/2026
Listing agreement: Exclusive

Estimated market value

$381,600

$363,000 - $401,000

$2,800/mo

Price history

Date	Event	Price
7/10/2026	Price change	$395,000-4.8%$161/sqft
Source: My State MLS #11741185 Report a problem
6/4/2026	Price change	$415,000-4.6%$169/sqft
Source: My State MLS #11741185 Report a problem
5/8/2026	Listed for sale	$435,000$178/sqft
Source: My State MLS #11741185 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,879 +5.1%	$196,100 +3%
2024	$1,788 -11.8%	$190,300 -28.8%
2023	$2,027 +2.7%	$267,400 +27.5%
2022	$1,973 -1%	$209,700 +20.1%
2021	$1,994 +2.2%	$174,600 +0.6%
2020	$1,951 +1.2%	$173,600 +0.3%
2019	$1,928 +159.2%	$173,100 +6%
2018	$744 -6%	$163,300 +1.1%
2017	$791 +2.2%	$161,600 +0.9%
2016	$774 +33.2%	$160,200 +12.1%
2014	$581 -0.8%	$142,900 +3.9%
2013	$586 +11.5%	$137,600 +3.5%
2012	$526 +3.9%	$132,900 -20%
2011	$506 +11.5%	$166,100
2010	$454 -11.4%	$166,100 -8.9%
2009	$513 -19.6%	$182,300 +6.8%
2007	$638 -25.7%	$170,700 +2.6%
2006	$858	$166,300