1 Acre in Downtown Bedford, Indiana Zoned for Duplexes and Ready for Development!
DISCOUNTED CASH PRICE
Reservation Process: If you are interested in reserving this parcel, please choose a reservation method (cash or seller financing) and then click “Reserve Now” button. You will be redirected to our payment page to make the reservation payment of $199 and submit your contact information for the contracts.
Please visit our frequently asked questions page if you would like more information about the purchasing process!
This offering 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 at the road. 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.
There is a house on the property that is in disrepair. Owner Financing Available!
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.
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.
NEAREST LARGE CITY: Indianapolis, IN
STATE: Indiana (IN)
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
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
PROPERTY BOUNDARY MAP
DIRECTIONS AND INTERACTIVE MAPS
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The Fine Print
Any property information (including, but not limited to, all real property images, descriptions, pricing, locations and availability; hereinafter referred to as “Real Estate Information”) made available by or through this website is provided solely for informational purposes and is not guaranteed or warranted by Find Some Land LLC. Find Some Land LLC believes the Real Estate Information to be accurate and complete; however it is subject to change and/or correction without notice.
All information regarding the real estate advertised herein has been assembled through various sources and independent investigation should be conducted by all prospective buyers. Please verify all Real Estate Information through public records available through the County Clerk or Registrar in the county where the property is located. Buyer is responsible for conducting due diligence.
If purchasing with seller financing, the contract for deed stipulates that the property all improvements to the property must be approved in writing. Please feel free to contact us if this is an issue for you so that we can discuss your specific situation and plans. The approval can and will be provided at the same time as the contract documents.