This multi-generational, extraordinary property is officially on the market for the first time in decades. Located just 10 minutes from Covington, this farm offers high-quality farmland, multiple buildings sites, several storage barns, hardwood timber, pasture, water sources, and exceptional trophy deer hunting. This farm is located just 4 miles south of I-74, which connects Champaign and Indianapolis. Both are accessible within 90 minutes. This farm features mature hardwood timber, rich silt loam soils, pasture acreage, slight rolling topography and a natural flowing creek winding through the property. The tillable acreage lies in the central and western portion of the property composing of silt loam, loam, sandy loam, & silty clay loam soils with an average NCCPI of 74.82. The slight rolling hardwoods are located on the east side of the property giving easy access for hunting through the west side crop fields. The rolling terrain, creek crossings, and well-maintained trail system allow for easy and seamless access to most of the property. Some trails lead to secluded hay fields which provide another source of income or potential areas for wildlife habitat improvements such as cover or food plots. This property is ideal for managing and hunting mature whitetails and turkeys. With south-facing slopes, creek bottoms, ridge-tops, and diverse habitat, this property provides a near perfect recipe for holding and harvesting big, Midwest bucks. With west access through the crop fields, this provides a great opportunity to for ideal hunting set-ups pulling deer from the wooded acreage to stand & blind locations. On the property are several storage buildings for storing equipment to help maintain the property. Electric is also run for a potential home site, camping location, or a hunting cabin. Whether looking to extend a farming operation with more tillable acreage, a pasture for livestock or a hunting/recreational property with income producing tillable, this farm has a nice steady mix of it all!
Directions: Traveling on S Stringtown Rd. out of Covington, turn left onto State Road 32. Travel a short distance then turn left onto County Road 460 W. After turning, travel 0.5 miles and the property will be located on the east side of the road.
Price Information
Listing Price Info
Price Summary:
List Price: $2,300,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Covington, IN.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$11.5K
Per Month
Principal & Interest
$11.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$6,962
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Covington Elementary School
1110 7th St
Distance between this listing and this school4.52 miles
Public District Grades PK-5
5
/10
Southeast Fountain Elementary School
780 E US Highway 136
Distance between this listing and this school7.00 miles
Public District Grades PK-6
4
/10
North Vermillion Elementary School
5585 N Falcon Dr
Distance between this listing and this school9.53 miles
Public District Grades KG-6
Nearby Schools
7
/10
Covington Middle School
514 Railroad St
Distance between this listing and this school4.57 miles
Public District Grades 6-8
4
/10
Westville Jr High School
412 Moses Ave
Distance between this listing and this school15.08 miles
Public District Grades 7-8
3
/10
North Ridge Middle School
1619 N Jackson St
Distance between this listing and this school15.17 miles
Public District Grades 7-8
Nearby Schools
9
/10
Covington Community High School
1017 6th St
Distance between this listing and this school4.52 miles
Public District Grades 9-12
6
/10
Fountain Central High School
750 E US Highway 136
Distance between this listing and this school6.87 miles
Public District Grades 7-12
4
/10
North Vermillion High School
5555 N Falcon Dr
Distance between this listing and this school9.70 miles
The neighbors living near this home have an average income of $45,500. The majority of Covington, IN residents have income between $35k-100k annually. Residents typically live in married, no kids family. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1559 S Graham Creed Rd
What is the listing price of this property?
The listing price of 1559 S Graham Creed Rd property is $2,300,000.
What type of property is this?
The property 1559 S Graham Creed Rd is land located in Covington, Indiana, 47932.
Is this property for sale now?
Active Listing: 1559 S Graham Creed Rd is For Sale (Active/New) which means the seller is accepting offers.
Interested in 1559 S Graham Creed Rd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1559 S Graham Creed Rd in Covington, IN and zip code 47932. It has been listed on Rocket Homes since June 10, 2024 and is currently priced at $2,300,000.
In November 2024 more than 0 listings in Covington, IN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 4 were sold below. The number of homes for sale in Covington, IN decreased by 9.1% between October 2024 and November 2024. Listings spent 13 days on the market in November 2024, and had a median list price of $220,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.