5088 S Ray Rd Underwood, IN $ 379,999
5088 S Ray Rd
$ 379,999
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5088 S Ray Rd

Underwood, IN, 47177
$ 379,999
Bedrooms2 Baths2.0 Sq 2,523

Monthly Estimate*

$ 2,340

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Single Family Home for sale in Underwood, IN

for $379,999 with 2 bedrooms and 2 full baths. This 2,523 square foot home was built in 1989 on a lot size of 23.7.

23+ ACRES - If you’re looking for privacy, acreage, and endless potential — this is it! Investor special sitting on two parcels totaling 23.7 heavily wooded acres (8.75 acres + 14.95 acres) with scenic views, abundant wildlife, and a pond perfect for fishing right on your own property. This walkout ranch needs TLC but offers incredible opportunity for an investor, hunting retreat, rental property, or private country escape. The home features 2 bedrooms upstairs, 1 bedroom in the finished walkout basement, two wood-burning fireplaces, an attached 2-car garage, and a functional layout with a breakfast bar, bay window dining area, and generous living spaces. Relax on the porch surrounded by mature shade trees and peaceful nature views. Rare chance to own this much land, privacy, and potential all in one property!

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Single Family Active

Price

$ 379,999

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 487

Style

Lot Size

23.7

Year Built

1989

Town/City

Underwood

County/Region

Clark

MLS | Web ID

202608788

Features
General
Sewer Septic Tank
Heating Other
Cooling Heat Pump
Possession Close Of Escrow
Garage Spaces 2
Patio/Porch Features Deck Enclosed Patio Porch Screened
Security Features Security System Motion Detectors
Construction Materials Stone Wood Siding
Year Built 1989
Township Finley
Property Subtype Residential
County Clark
New Construction false
Property Type Residential
Attached Garage true
Garage Y/N true
Total Rooms 7
Full Baths 2
Status Active
Directions Get on I-264 W Continue on I-264 W. Take I-65 N to IN-160 E in Henryville. Take exit 19 from I-65 N Take US-31 N and County Line Rd W to S Ray Rd in Finley Township 5088 S Ray Rd Underwood IN 47177
City Underwood
Lot Size Units Acres
Lot Size Square Feet 1032372
Listing Terms Cash Conventional Other VA Loan
Tax Annual Amount 487
Property Condition Resale
Standard Status Active
Occupancy Type Vacant
Property Sub Type Additional Residential
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Interior
Interior Amenities Breakfast Bar Bookcases Ceiling Fan(s) Entrance Foyer Kitchen Island Main Level Primary Utility Room Natural Woodwork
Basement Finished Walk-Out Access
Total Fireplaces 2
Fireplace Features Wood Burning
Basement (Y/N) true
Air Conditioning Y/N true
Window Features Screens
Fireplace Y/N true
Above Grade Finished Area 1442
Half Baths 0
Laundry Features Main Level Laundry Room
Total Bedrooms 2
Below Grade Finished Area 1081
Total Baths 2
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Exterior
Exterior Amenities Covered Patio Deck Enclosed Porch
Parking Features Attached Garage Garage Faces Side
Water Source Connected Public
Lot Size Area 23.7
Building Area Total 2523
Lot Size Acres 23.7
Lot Size Source Appraiser
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* Excluded Features
List By
Dhananjay Arora

Listing Agent

85W Real Estate

Broker

jay@85wrealestate.com

Email

Affordability Calculator

$2,380
Per Month
98%
2%
0%
Monthly Principal & Interest
$2,340
Monthly Property Taxes
$41
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
6/8/2026$379,999 -5.00% Price Down
6/2/2026$399,999 Listed Price

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5088 S Ray Rd, Underwood, IN, 47177 is a Single Family Home for sale at $379,999 with 2,523 sqft and a lot size of 23.7. 5088 S Ray Rd has 2 bedrooms, 2.0 baths, and was built in 1989. The property's zip code is 47177 which is in Underwood, IN