1 Acre Wooded Lot in Downtown Bedford, Indiana!

Consists of 4 parcels that are adjacent to each other. All 4 are zoned R-2 which allows for duplexes as well as several uses other than single family residential. A zoning change to R-3 would allow for full apartments. All city utilities are available along the road including electricity!

These parcels are located 1 block from state highway that runs through town with a daily traffic count of approximately 16,000 and 1/2 mile from the town square. The town of Bedford, IN has a population of 13k and is located 30 minutes from Indiana University in Bloomington, IN.

Mobile homes and RV’s are not allowed. Type 1 Manufactured home is okay. Owner Financing Available!

Purchasing Options:

Seller Financing: $45,000.00. $4,500.00 down and $721.62 a month for 96 months. The total monthly payment includes: $658.24 of principal & interest, $20.00 loan servicing fee, $43.38 property taxes, and $0.00 HOA dues. There are no prepayment penalties!

** Monthly principal & interest of $658.24 based on a financed purchase price of $45,000.00 less the downpayment of $4,500.00 for a net amount financed of $40,500.00 that is payable over 96 of equal installments with an amortized interest rate of 12%.

Discounted Cash Price: $43,500.00.

Nearby Attractions:

Limestone Country: There is a place within the Southern Indiana rolling hills that’s called “Limestone Country” because of the stone terrain found there. It is the home of a special outdoor playground of caves, forests, rivers, Bluespring Caverns, Spring Mill State Park and the communities of Bedford and Mitchell.

Spring Mill State Park: Spring Mill State Park offers a powerful illustration of the link between the natural and cultural worlds. The water flowing from several cave springs led to the founding of an industrial village in the early 1800s. Pioneer entrepreneurs took advantage of a constant water source that never froze, using it to power several gristmills, a wool mill, a saw mill, and a distillery. In turn, pioneer settlers shaped the landscape around the village, clearing land for agriculture and timber. The park today continues to illustrate how nature shapes us and how we shape our environment. A parcel of virgin timber sits in contrast to regenerated forest, a man-made lake struggles to survive against the in-flow of silt from cave-fed systems, and the native flora and fauna face challenges from man’s introduction of new species. Visitors can explore this story in the park’s four interpretive facilities—the Pioneer Village, Nature Center, Grissom Memorial, and Twin Caves Boat Tour—and see it reflected on the landscape as they hike the trails. The interpretive staff also offers a wide variety of public programs, including an extensive special events schedule. Public programs are offered year-round.

Visit Bloomington, IN: There are two defining characteristics that have shaped this Indiana town and its people: the land and the university. The hills, forests, and lakes provide a sanctuary; one that is valued and protected. The limestone is quarried and milled by hard-working Hoosiers, and turned into beautiful buildings and sculptures throughout the area and the nation. Students and faculty from across the country and the world flock to Indiana University, bringing ideas and dreams to a community that embraces them all. It’s a place that nurtures artists and scientists, farmers and philosophers, athletes and musicians. It’s a community of aspirations and inspirations, a breeding ground for transformations. Welcome to Bloomington.

Property Details:

NEAREST LARGE CITY: Indianapolis, IN
STATE: Indiana (IN)
COUNTY: Lawrence
ADDRESS: 500 14TH St, Bedford, IN 47421
SIZE: 1.04 Acres
APN(s): 47-06-13-335-013.000-010 / 47-06-13-335-015.000-010 / 47-06-13-335-025.000-010 / 47-06-13-335-014.000-010 / 0 / 0
GPS COORDINATES: 38.86300145330364,-86.47803605509446
PROPERTY ELEVATION: 680 feet above sea level
TAXES: No back taxes, approximately $ 520.51 per year total
HOA Dues: Approximately $0.00 per year total
ACCESS: Paved
ZONING: R2 Residential
SEWER: Municipal Sewer
WATER: City Water
DISTANCE TO ELECTRIC: At the road
FEMA FLOOD ZONE: No
TERRAIN: Level to sloping
CONVEYANCE: Warranty Deed
TITLE: Free and Clear
FSL ID: IN-LAW-TS0101