Wonderful investment opportunity with 40 acres of lovely Posey County farmland. This is an income producing property by leasing the land or farming it yourself! The home with some TLC can also be utilized as an additional income producer or fixed up to be a primary residence. A 40x80 pole barn is situated behind the home ideal for equipment storage or man-cave. An additional detached garage is located on the northwest corner of the property offering options for future trailer site or more storage. Here is your chance to affordably own your own farm and 40 acre plat in Posey County! All improvements and buildings are sold AS-IS.
Active
Price cut: $39.1K (11/18)
$299,900
12691 Point Rd, Mount Vernon, IN 47620
3beds
1,176sqft
Est.:
Single Family Residence
Built in 1964
40 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Additional detached garageLovely posey county farmland
- 148 days |
- 936 |
- 37 |
Zillow last checked: 8 hours ago
Listing updated: November 18, 2025 at 08:25am
Listed by:
Mitch Schulz Cell:812-499-6617,
Weichert Realtors-The Schulz Group
Source: IRMLS,MLS#: 202531261
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 3
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Heating
- Propane
Cooling
- Central Air
Features
- Basement: Cellar
- Has fireplace: No
Interior area
- Total structure area: 2,352
- Total interior livable area: 1,176 sqft
- Finished area above ground: 1,176
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 40 Acres
- Features: Level
Details
- Additional structures: Pole/Post Building
- Parcel number: 651905300023.000010
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Septic Tank
- Water: Cistern
Community & HOA
Community
- Subdivision: None
Location
- Region: Mount Vernon
Financial & listing details
- Tax assessed value: $152,200
- Annual tax amount: $1,288
- Date on market: 8/7/2025
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,237/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2025 | Price change | $299,900-11.5% |
Source:  IRMLS #202531261 Report a problem | ||
| 9/29/2025 | Price change | $339,000-5.8% |
Source: IRMLS #202531261 Report a problem | ||
| 8/7/2025 | Listed for sale | $360,000 |
Source: IRMLS #202531261 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $693 +102.3% | $152,200 +8.9% |
| 2023 | $343 +132.2% | $139,800 +10.3% |
| 2022 | $148 +17.9% | $126,700 +15.4% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,707/mo
Principal & interest
$1445
Property taxes
$157
Home insurance
$105
Climate risks
Neighborhood: 47620
Nearby schools
GreatSchools rating
- 6/10West Elementary SchoolGrades: K-5Distance: 8 mi
- 8/10Mount Vernon Jr High SchoolGrades: 6-8Distance: 9.6 mi
- 7/10Mount Vernon High SchoolGrades: 9-12Distance: 9.2 mi
Schools provided by the listing agent
- Elementary: West
- Middle: Mount Vernon
- High: Mount Vernon
- District: MSD of Mount Vernon
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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