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    • $474,000

    515 E Monroe Dam Rd, Bloomington, IN 47401

    3beds
    1,560sqft
    : 
    $2,931/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1989
    5 Acres Lot
    $-- Zestimate®
    $304/sqft
    $-- HOA

    What's special

    Modern finishes throughoutOversized detached two-car garageQuartz countertopsStunning new kitchenCovered parking areaOpen-concept floor planUpdated lighting
    Just minutes from the Salt Creek Recreation Area boat ramp, this thoughtfully renovated 3-bedroom, 2-bath retreat on 5 private wooded acres offers the perfect blend of Lake Monroe adventure, peaceful seclusion, and exceptional versatility. Whether you're searching for a weekend getaway, a full-time residence, or a property with outstanding short-term rental potential, this one checks all the boxes. Inside, the open-concept floor plan centers around a stunning new kitchen featuring white soft-close cabinetry, quartz countertops, stainless steel appliances, a classic tile backsplash, and a large center island with breakfast bar seating. New flooring, updated lighting, and modern finishes throughout create a bright, welcoming space that comfortably sleeps up to 12 guests, making it ideal for hosting family and friends or accommodating larger groups. Outside, the possibilities continue with an oversized detached two-car garage, a 32' x 28' insulated pole barn with electricity, a covered parking area, and plenty of room to park an RV, boats, trailers, and recreational equipment. Whether you're spending the day on Lake Monroe, exploring Hoosier National Forest, or relaxing around the property, you'll appreciate the space to store all your outdoor toys. Paynetown State Recreation Area, beaches, marinas, and miles of hiking trails are just minutes away, while Indiana University and downtown Bloomington are approximately 15 minutes from your doorstep. With its generous sleeping capacity, abundant parking, exceptional storage, and prime location near both Lake Monroe and IU, this property offers outstanding flexibility as a personal retreat or a short-term rental for lake visitors, university events, football weekends, graduation ceremonies, and other Bloomington-area activities. If you've been searching for a place where lake living, outdoor adventure, and investment opportunity come together, you've just found it.
    3 days
    |
    1,299
    |
    75
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Fahy 317-847-6203,

    Berkshire Hathaway Home,

    Julie Getty-Downham 317-710-6696

    Source: MIBOR as distributed by MLS GRID,MLS#: 22117546MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Primary bedroom
      • Level: Main
      • Area: 132 Square Feet
      • Dimensions: 12x11
      Bedroom 2
      • Level: Main
      • Area: 81 Square Feet
      • Dimensions: 9x9
      Bedroom 3
      • Level: Basement
      • Area: 288 Square Feet
      • Dimensions: 24x12
      Family room
      • Level: Main
      • Area: 234 Square Feet
      • Dimensions: 18x13
      Kitchen
      • Level: Main
      • Area: 180 Square Feet
      • Dimensions: 15x12
      Laundry
      • Level: Main
      • Area: 50 Square Feet
      • Dimensions: 10x5
      Heating
      • Electric, Forced Air, Heat Pump
      Cooling
      • Central Air, Heat Pump
      Appliances
      • Included: Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Convection Oven, Electric Oven, Refrigerator, Washer, Other
      • Laundry: Main Level
      Features
      • Breakfast Bar, Kitchen Island, Ceiling Fan(s), High Speed Internet, Eat-in Kitchen, Pantry, Smart Thermostat
      • Windows: Wood Work Painted
      • Basement: Finished
      Interior area
      • Total structure area: 1,560
      • Total interior livable area: 1,560 sqft
      • Finished area below ground: 520
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Detached, Gravel, Garage Door Opener, Guest, RV Access/Parking, Storage, Workshop in Garage, Other
      • Garage spaces: 4
      • Details: Garage Parking Other(Finished Garage, Garage Door Opener, Service Door, Other)
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Deck
      • Exterior features: Storage, RV Hookup, Other
      • Fencing: Fenced,Chain Link,Partial,Gate
      • Has view: Yes
      • View description: Forest, Pasture, Rural, Trees/Woods
      Lot
      • Size: 5 Acres
      • Features: Irregular Lot, Rural - Not Subdivision, Mature Trees, Wooded, See Remarks, Other
      Details
      • Additional structures: Barn Pole
      • Parcel number: 531121300007000006
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Residential, Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Block
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1989

      Utilities & green energy

      • Electric: 200+ Amp Service, 220 Volts in Garage, 220 Volts in Workshop
      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Connected, Water Connected

      Community & HOA

      Community
      • Security: Security System Owned, Smoke Detector(s)
      • Subdivision: No Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Bloomington

      Financial & listing details

      • Price per square foot: $304/sqft
      • Tax assessed value: $280,600
      • Annual tax amount: $4,160
      • Date on market: 7/31/2026
      • Cumulative days on market: 5 days
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/31/2026Listed for sale$474,000+50.5%
        Source: IRMLS #202631031 Report a problem
        10/21/2022Sold$315,000-10%$202/sqft
        Source: MIBOR as distributed by MLS GRID #21873466 Report a problem
        9/26/2022Pending sale$349,900$224/sqft
        Source: MIBOR as distributed by MLS GRID #21873466 Report a problem
        9/15/2022Price change$349,900-6.7%
        Source: IRMLS #202230866 Report a problem
        8/3/2022Price change$374,900-6.3%$240/sqft
        Source: MIBOR as distributed by MLS GRID #21873466 Report a problem
        7/26/2022Listed for sale$399,900+86%
        Source: IRMLS #202230866 Report a problem
        3/22/2019Sold$215,000$138/sqft
        Source: Agent Provided Report a problem
        2/18/2019Listed for sale$215,000+30.3%$138/sqft
        Source: Choice Realty & Management #201905411 Report a problem
        8/7/2016Listing removed$165,000$106/sqft
        Source: RE/MAX REALTY PROFESSIONALS (BLOOMINGTON) #201604606 Report a problem
        5/10/2016Price change$165,000-12.9%$106/sqft
        Source: RE/MAX Realty Professionals #201604606 Report a problem
        2/6/2016Listed for sale$189,500-2.8%$121/sqft
        Source: RE/MAX Realty Professionals #201604606 Report a problem
        1/4/2016Listing removed$195,000$125/sqft
        Source: RE/MAX CONNECTION #201525002 Report a problem
        6/2/2015Price change$195,000-2.3%$125/sqft
        Source: RE/MAX CONNECTION #201525002 Report a problem
        10/28/2014Price change$199,500-5%$128/sqft
        Source: RE/MAX Realty Professionals #201416095 Report a problem
        8/23/2014Price change$210,000-6.7%$135/sqft
        Source: RE/MAX Realty Professionals #201416095 Report a problem
        5/6/2014Listed for sale$225,000$144/sqft
        Source: RE/MAX Realty Professionals #201416095 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,837 0%$280,600 +7.1%
        2024$3,838 +98.5%$262,000 +4.5%
        2023$1,933 +10.3%$250,800 +7.8%
        2022$1,752 -0.1%$232,700 +9.5%
        2021$1,753 +36.7%$212,500 +3.8%
        2020$1,282 -48.6%$204,700 +16%
        2019$2,495 +1.1%$176,500 -0.1%
        2018$2,469 +165.6%$176,700 +1.1%
        2017$930 $174,800 +0.2%
        2016$930 +0.9%$174,500 +8.3%
        2014$921 +1.3%$161,100 +0.8%
        2013$909 +1.9%$159,900 -0.2%
        2012$892 +5.3%$160,200 +0.6%
        2011$847 +47.5%$159,300 +17.7%
        2010$574 +3%$135,400
        2009$558 $135,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: Smithville-Sanders

        Getting around

        0 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        7 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lakeview Elementary School
        • Middle: Jackson Creek Middle School
        • High: Bloomington High School South

        Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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