Sold
Last Sold Price
2 beds2,523 sqft
5088 S Ray Rd, Underwood, IN 47177
Single FamilyProperty Type
23.7 acresLot Size
1989Year Built
$87/sq ftPrice per sq ft
2 carsParking Spaces

Description

23+ ACRES - 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...23+ ACRES - 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 one property!
  • Listed by: Dhananjay Arora • 85W Real Estate 502-200-1422
Listing closed: 09/08/2026 09:16 AM • Source: Southern Indiana REALTORS® Association, MLS#: 202608788

Location

Listing Courtesy of 85W Real Estate

Sold By 85W Real Estate

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Property Information for 5088 South Ray Road

Property Details
  • Taxes: $487 / year
  • MLS Type: Residential / Residential
  • County: Scott County
  • Architectural Style: Ranch
  • Stories: 1
Building Information
  • Year Built: 1989
  • Lot Size: 23.70 AC / 1,032,372 SF
Summary
Location and General Information
  • Directions: Get on I-264 W Continue on I-264 W. Take I-65 N to IN-160 E in Henryville. Take exit 19 from I-65 N Take US-31 N and County Line Rd W to S Ray Rd in Finley Township 5088 S Ray Rd Underwood, IN 47177
  • Longitude: -85.830121
  • State Or Province: IN
  • Township: Finley
  • Postal Code: 47177
  • City: Underwood
  • County Or Parish: Scott
  • Latitude: 38.617242
  • MLS Area Major: 13-Indiana
  • MLS Area Minor: 13-Indiana
Taxes and HOA Information
  • Tax Annual Amount: $487.00
  • Tax Block: 0000
  • Tax Legal Description: 23.7 Acres in two parcels N1/2 NWQR 14-2-6
  • Tax Lot: 0000
  • Association: No
  • Parcel Number: 721014200024001001
Parking
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached, Garage, GarageFacesSide
  • Attached Garage: Yes
Property
Lot Information
  • Above Grade Finished Area Source: Assessor
  • Below Grade Finished Area: 1081.0
  • Above Grade Finished Area: 1442.0
  • Living Area: 2523.0
  • Lot Size Acres: 23.7
  • Lot Size Area: 23.7
  • Lot Size Source: Appraiser
  • Lot Size Square Feet: 1032372.0
  • Lot Size Units: Acres
  • Building Area Source: Assessor
  • Building Area Total: 2523.0
Property and Assessments
  • Property Condition: Resale
  • Year Built: 1989
  • New Construction: No
Utilities
  • Water Source: Connected, Public
  • Sewer: SepticTank
  • Utilities: Electricity Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stone, WoodSiding
  • Exterior Features: CoveredPatio, Deck, EnclosedPorch
  • Patio And Porch Features: Deck, Enclosed, Patio, Porch, Screened
  • Security Features: SecuritySystem, MotionDetectors
  • Roof: Shingle
  • Foundation Details: Poured Concrete
Interior Features
  • Basement: Yes
  • Basement: Finished, WalkOutAccess
  • Cooling: Yes
  • Cooling: HeatPump
  • Fireplace: Yes
  • Fireplace Features: WoodBurning
  • Fireplaces Total: 2
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Heating: Yes
  • Bedrooms Total: 2
  • Heating: Other
  • Window Features: Screens
  • Laundry Features: MainLevel, LaundryRoom
  • Rooms Total: 7
  • Interior Features: BreakfastBar, Bookcases, CeilingFans, EntranceFoyer, KitchenIsland, MainLevelPrimary, UtilityRoom, NaturalWoodwork
Room Information
Room 1
  • Room Type: PrimaryBedroom
  • Room Length: 0.0
  • Room Width: 0.0
Room 2
  • Room Type: LivingRoom
  • Room Length: 0.0
  • Room Width: 0.0
Room 3
  • Room Type: Kitchen
  • Room Length: 0.0
  • Room Width: 0.0
Room 4
  • Room Type: FamilyRoom
  • Room Length: 0.0
  • Room Width: 0.0
Room 5
  • Room Type: DiningRoom
  • Room Length: 0.0
  • Room Width: 0.0
Room 6
  • Room Type: Bedroom
  • Room Length: 0.0
  • Room Width: 0.0
Room 7
  • Room Type: Bedroom
  • Room Length: 0.0
  • Room Width: 0.0
Mobile Home
Mobile Home Information
  • Human Modified: Yes
Agent
Confidential
  • Internet Entire Listing Display: Yes
Rental
Rental Information
  • Occupant Type: Vacant

Property History for 5088 South Ray Road

DateEvent & SourcePriceAppreciation
Sep 8, 2026

Sold

Greater Louisville Association of REALTORS #1719532

Sep 8, 2026

Pending

Greater Louisville Association of REALTORS #1719532

Sep 4, 2026

Sold

Southern Indiana REALTORS® Association #202608788

$220,000
DateEvent & SourcePrice
09/08/2026

Sold

Greater Louisville Association of REALTORS #1719532

09/08/2026

Pending

Greater Louisville Association of REALTORS #1719532

09/04/2026

Sold

Southern Indiana REALTORS® Association #202608788

$220,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5088 South Ray Road

Taxable ValueLand$38,100Additions$10,700Total$48,800
Tax Record2025$383 ($32 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,442 SqFtAbove Grade Finished SqFt1,442 SqFtUnfinished Basement SqFt1,442 SqFtStories1Lot Size381,150 SqFtStyleSingle Family ResidenceYear Built1989Year Renovated1989CountySCOTTAPN72-10-14-200-024.001-001

Schools near 5088 South Ray Road

This home is within Scott County School District 2.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Vienna-Finley Elementary School
PublicK to 5

Scottsburg Middle School
Public6 to 8

Scottsburg Senior High School
Public9 to 12

Scottsburg Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 85W Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.