10580 S State Road 243
Cloverdale, IN, 46120 $ 280,000
Bedrooms5 Baths3.2 Sq 4,309 Monthly Estimate*
$ 1,768
for $280,000 with 5 bedrooms and 3 full baths, 2 half baths. This 4,309 square foot home was built in 1999 on a lot size of 3.73.
Discover the incredible potential of this one-of-a-kind opportunity situated on approximately 3.73 scenic acres just 3 minutes from Cataract Marina and only moments from Cataract Falls, Lieber State Recreation Area, and I-70. Whether you're an investor looking for your next profitable project or a homeowner ready to build instant sweat equity, this property is packed with possibilities. Offering over 4,300 square feet, 5 bedrooms, 5 bathrooms, and an attached 3-car garage, the spacious layout provides an outstanding foundation for your vision. The home is being sold as-is and is ready for renovation, making it an excellent candidate for a rehab loan or experienced buyer looking to customize a property while building equity. The standout feature is the fully separate apartment complete with its own private entrance, garage, kitchen, living area, bedroom, bathroom, and laundry-creating an exceptional opportunity for multigenerational living, guest accommodations, long-term rental income, Airbnb potential, or a private home office. The ability to generate additional income while renovating or living on-site makes this property truly unique. Enjoy the peaceful setting with room to roam, entertain, garden, or simply relax while remaining just minutes from boating, fishing, kayaking, hiking, and some of Indiana's most beautiful outdoor recreation. With Cataract Marina only a short 3-minute drive away, weekend adventures are practically at your doorstep. (Realtor) Properties offering this much square footage, acreage, income-producing potential, and recreational access rarely become available at this price point. Whether you're planning to renovate and resell, build your investment portfolio, or create your dream country home with built-in rental income, this is an opportunity you won't want to miss. Bring your ideas, your contractor, and your imagination-this property's next chapter is waiting to be written!
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FeaturesInteriorInterior Amenities Attic Access Breakfast Bar Eat-in Kitchen Walk-In Closet(s)
Basement (Y/N) N
Half Baths 2
Laundry Features Laundry Room
Total Bedrooms 5
Main Level Bedrooms 1
Total Baths 5
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GeneralHeating Electric Natural Gas Baseboard
Cooling Central Air
Possession Closing
Appliances Electric Cooktop Dishwasher Down Draft Electric Water Heater Microwave Oven Electric Oven Water Heater Range Hood
Garage Spaces 3
Architectural Style Traditional
Security Features Fire Sprinkler System Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1999
Electric 200+ Amp Service Circuit Breakers
View Trees/Woods
Township Cloverdale
Levels Two One and One Half
Property Subtype Single Family Residence
Tax Year 2025
County Putnam
New Construction N
Property Type Residential
HOA N
Subdivision Name No Subdivision
Garage Y/N Y
Total Rooms 8
Full Baths 3
Status Active
Directions GPS Friendly
City Cloverdale
High School District Cloverdale Community Schools
MLS Area 6722 - Putnam - Cloverdale
Lot Size Square Feet 162479
Spa Features Above Ground Private Bath
Property Attached Y/N N
Standard Status Active
Tax Lot 0
Virtual Tour https://www.zillow.com/view-imx/e170f5f7-4812-488e-ba40-d1252cc485bd?initialViewType=pano
Legal Description Dumas-Bedwell Sub (3.73A)
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ExteriorExterior Amenities Storage Shed
Parking Features Attached Detached
Water Source Public
Foundation Details Crawl Space
Spa Y
Building Area Total 4309
Lot Size Acres 3.73
Other Equipment Satellite Dish
Horse Amenities None
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* Excluded FeaturesList ByThree Seventeen CollectiveBroker
awright0232@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,768
- Monthly Property Taxes
- $94
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbySingle family listings in Cloverdale, IN
Average List Price $269,271
Percent of Sale Price 4%
About Cloverdale, IN 1,902 Population
0% Since 2002
$ 56,225 Median Income
42.84 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
4044993 Elementary School
4045044 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/27/2026 | $280,000 | | Listed Price |