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W Lake John Hay Road, Salem, IN 47167

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For Sale

$324,900

28.37 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 28.4 acres
    Lot size

Explore this Property

Welcome to this versatile land opportunity in the breathtaking hills of Northern Washington County, IN. Situated on a ridge top at the end of a dead-end County Road near Lake John Hay, this gated property has stunning views of the lake in the valley below when the leaves fall.  The centerfold feature of the listing is most definitely the 92 x 160 pole barn built just four years ago in 2020. Boasting City Water and Electric utilities, the barn has been used for housing cattle and showing horses. It features a dirt floor for livestock, and the right side of the barn can be finished out into a maximum of twenty horse stalls. It could also make a great income producing storage site for boats, campers, farm equipment, and the like. The electric fenced pasture areas behind the barn were previously used as a cattle feed site for 80 head of cattle at any given time, and contains a watering pond. The Northwest corner of the road frontage would make a great country home build site. The wooded acreage behind the barn contains a respectable stock of adolescent oak trees that would make a great buy and hold standing timber investment. The last select harvest occurred 20 years ago. Recreational pursuits include whitetail deer, turkey, and morel mushroom hunting. Take a look at the impressive buck sign found all over the property in the photos. Lake John Hay just down the road has a public boat ramp for fishing and boating pursuits. Ask about the stunning future cabin site in a cedar grove back in the woods! Consisting of two parcels, the County land records show a total of 28.37 acres between the two parcels. However, the actual acreage is closer to 44 acres. In talking to the Surveying department, a new survey would need to be done to record the actual and true acreage. Ten minute drive down 135 into downtown Salem, IN and under an hour drive to Louisville, KY.
MLS# 202445772

Courtesy Of Midwest Land & Lifestyle, LLC

(812) 568-8698

Property Features

  • Architecture Style
    Other
  • Lot Size
    28.37 Acres

Map and Directions

Directions to W Lake John Hay Road, Salem, IN 47167

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† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.