5088 S Ray Rd

Underwood, IN 47177

$341,999
Price
2
Beds
2,523 Sq. Ft.
$136 / Sq. Ft.
2,523
Sq. Ft.
$136
per Sq. Ft.
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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!
  1. Listed by Dhananjay Arora • 85W Real Estate • 502-200-1422

Amenities

  • Air Conditioning
  • Attached Garage
  • Basement
  • Breakfast Bar
  • Ceiling Fan
  • Deck
  • Fireplace
  • Foyer
LISTING UPDATED: 06/15/2026 12:04 PM

Property Details for 5088 South Ray Road

StatusActive
MLS #202608788
Days on Market20
Taxes$487 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Residential
Year Built1989
Lot Size23.70 AC / 1,032,372 SF
CountyScott County
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Location

Listing Courtesy of 85W Real Estate
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Building Information for 5088 South Ray Road

Stories-Year Built1989Building Size-Lot Size23.70 AC / 1,032,372 SF

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$1,745 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,704

Property Taxes

$41

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
  • State Or Province: IN
  • Township: Finley
  • Postal Code: 47177
  • City: Underwood
  • County Or Parish: Clark
Taxes and HOA Information
  • Tax Annual Amount: $487.00
  • Tax Legal Description: 23.7 Acres in two parcels N1/2 NWQR 14-2-6
  • 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
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
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
  • 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
Jun 15, 2026

Price Change

Southern Indiana REALTORS® Association #202608788

$341,999—
Jun 8, 2026

Price Change

Southern Indiana REALTORS® Association #202608788

$379,999—
Jun 1, 2026

Listed (Active)

Southern Indiana REALTORS® Association #202608788

$399,999—
DateEvent & SourcePrice
06/15/2026

Price Change

Southern Indiana REALTORS® Association #202608788

$341,999
06/08/2026

Price Change

Southern Indiana REALTORS® Association #202608788

$379,999
06/01/2026

Listed (Active)

Southern Indiana REALTORS® Association #202608788

$399,999

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 Record2024$487 ($41 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,442 SqFtAbove Grade Finished SqFt1,442 SqFtStories1Lot Size381,150 SqFtStyleSingle Family ResidenceYear Built1989CountySCOTTAPN72-10-14-200-024.001-001Fireplace TypeHas Fireplace

Schools near 5088 South Ray Road

This home is within Scott County School District 2.
Rating
School
Type
Grades
Distance
Vienna-Finley Elementary School
Public - K to 5
Scottsburg Middle School
Public - 6 to 8
Scottsburg Senior High School
Public - 9 to 12
Scottsburg Elementary School
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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More information about 5088 South Ray Road, Underwood, IN 47177

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 $341,999. It has been on the market for a total of 20 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 2-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

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.