5088 S Ray Rd, Underwood, IN 47177

Local realty services provided by:CENTURY 21 Simpson & Associates
5088 S Ray Rd,Underwood, IN 47177
$341,999
  • 3 Beds
  • 2 Baths
  • 2,523 sq. ft.
  • Single family
  • Active
Listed by: jay arora
Office: 85w real estate
MLS#:1719532
Source:KY_MSMLS

Price summary

  • Price:$341,999
  • Price per sq. ft.:$237.17

About this home

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 on

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Home facts

  • Year built:1989
  • Listing ID #:1719532
  • Added:14 day(s) ago
  • Updated:June 18, 2026 at 04:42 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:7
  • Basement:Yes
  • Basement Description:Walkout Finished
  • Living area:2,523 sq. ft.

Structure and exterior

  • Year built:1989
  • Building area:2,523 sq. ft.
  • Lot area:8.75 Acres
  • Architectural Style:Ranch
  • Construction Materials:Stone, Wood Frame
  • Exterior Features:Deck, Porch
  • Foundation Description:Poured Concrete

Finances and disclosures

  • Price:$341,999
  • Price per sq. ft.:$237.17

Parking

  • Parking description:Detached
  • Garage:Yes
  • Garage spaces:1