3 beds2,523 sqft$119/sqft
5088 S Ray Rd, Underwood, IN 47177
Est: $1,557/moGet pre-approved

Description

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...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 on
LISTING UPDATED: 07/02/2026 07:52 PM

  1. Listed by Jay Arora • Brokerage DRE #300166 • 85W Real Estate • Jay@85wrealestate.com

Property Details for 5088 South Ray Road

Status
MLS #
1719532
Days on Market
58
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1989
Lot Size
8.75 AC / 381,150 SF
Architectural Style
Ranch

Location

Listing Courtesy of 85W Real Estate
Add your commute

Building Information for 5088 South Ray Road

Stories1Year Built1989Building Size-Lot Size8.75 AC / 381,150 SF

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$1,557 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,525

Property Taxes

$32

HOA Dues

$0

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Property Information for 5088 South Ray Road

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
  • Latitude: 38.617242
  • Longitude: -85.830121
  • MLS Area Major: 13-Indiana
  • MLS Area Minor: 13-Indiana
  • Township: Finley
Taxes and HOA
  • Association: No
  • Parcel Number: 72-10-14-200-024.001-001
  • 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
Parking
  • Attached Garage: No
  • Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Detached
Property
Lot Information
  • Lot Size Acres: 23.75
  • Lot Size Area: 23.75
  • Lot Size Source: Appraiser
  • Lot Size Square Feet: 381150.0
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 1442.0
  • Above Grade Finished Area Source: Assessor
  • Below Grade Finished Area: 1081.0
  • Below Grade Unfin: 361.0
  • Building Area Source: Other
  • Building Area Total: 1442.0
  • Living Area: 2523.0
  • Living Area Source: Other
  • New Construction: No
  • Property Condition: Resale
  • Universal Property Id: US-18143-N-721014200024001001-R-N
  • Year Built: 1989
Building Features
  • Construction Materials: Wood Frame, Stone
  • Foundation Details: Poured Concrete
Utilities
  • Sewer: SepticTank
  • Utilities: Electricity Connected
  • Water Source: Public
Room Information
Room 1
  • Room Type: Bedroom
  • Room Level: First
Room 2
  • Room Type: Bedroom
  • Room Level: First
Room 3
  • Room Type: Dining Area
  • Room Level: First
Room 4
  • Room Type: Family Room
  • Room Level: First
Room 5
  • Room Type: Kitchen
  • Room Level: First
Room 6
  • Room Type: Living Room
  • Room Level: First
Room 7
  • Room Type: Primary Bedroom
  • Room Level: First
Interior and Exterior Features
Exterior Features
  • Exterior Features: CoveredPatio, Deck, EnclosedPorch
  • Patio And Porch Features: Deck, Porch, Screened Porch
  • Roof: Shingle
  • Stories: 1
Interior Features
  • Basement: Walkout Finished
  • Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3
  • Cooling: HeatPump
  • Cooling: Yes
  • Fireplace: No
  • Fireplace Features: WoodBurning
  • Fireplaces Total: 2
  • Heating: Other
  • Heating: Yes
  • Interior Features: BreakfastBar, Bookcases, CeilingFans, EntranceFoyer, KitchenIsland, MainLevelPrimary, UtilityRoom, NaturalWoodwork
  • Laundry Features: MainLevel, LaundryRoom
  • Rooms Total: 7
  • Security Features: SecuritySystem, MotionDetectors
  • Window Features: Screens

Property History for 5088 South Ray Road

DateEvent & SourcePriceAppreciation
Jul 3, 2026

Price Change

Southern Indiana REALTORS® Association #202608788

$299,999
Jul 2, 2026

Price Change

Greater Louisville Association of REALTORS #1719532

$299,999
Jun 15, 2026

Price Change

Southern Indiana REALTORS® Association #202608788

$341,999
DateEvent & SourcePrice
07/03/2026

Price Change

Southern Indiana REALTORS® Association #202608788

$299,999
07/02/2026

Price Change

Greater Louisville Association of REALTORS #1719532

$299,999
06/15/2026

Price Change

Southern Indiana REALTORS® Association #202608788

$341,999

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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5088 South Ray Road is a single family home for sale in Underwood, IN 47177. This property was listed for sale on June 1, 2026 by 85W Real Estate, it's currently listed at $299,999. It has been on the market for a total of 58 days and was last sold on November 14, 2011. This listing's school district is Scott County School District 2. Nearby schools include Vienna-Finley Elementary School, Scottsburg Middle School and Scottsburg Senior High School. 5088 South Ray Road is a 3-bed, 2-bath, 2,523 sqft single family home built in 1989.

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

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