541 State Road 1
Farmland, IN 47340
4 bd 3 ba 2,302 sqft Built 1979 Lot 39,640 sqft single_family
Most recent sale
$285,000
Jun 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 1, 2022 | Sold | $285,000 | Public Record |
| May 31, 2022 | Sold | $240,000 | IRMLS |
| Apr 11, 2022 | Listed | $255,000 | MLS #202212442 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $201,500 | $16,600 | $218,100 | $1,899 |
| 2022 | $100,200 | $11,100 | $111,300 | $822 |
| 2021 | $96,200 | $10,300 | $106,500 | $735 |
| 2020 | $93,300 | $9,800 | $103,100 | $694 |
| 2019 | $95,900 | $9,800 | $105,700 | $648 |
| 2018 | $98,000 | $10,800 | $108,800 | $698 |
| 2017 | $93,800 | $10,800 | $104,600 | $597 |
| 2016 | $88,800 | $10,800 | $99,600 | $547 |
| 2015 | $83,300 | $10,800 | $94,100 | $484 |
| 2014 | $84,000 | $10,800 | $94,800 | $479 |
| 2013 | $81,200 | $10,800 | $92,000 | $537 |
| 2012 | $84,200 | $10,800 | $95,000 | $593 |
| 2011 | $85,200 | $13,100 | $98,300 | $613 |
| 2010 | $82,100 | $12,400 | $94,500 | $550 |
| 2009 | $81,000 | $11,800 | $92,800 | $484 |
Property facts
Year built
1979
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,302 sqft
Lot size
39,640 sqft
ZIP code
47340
City
Farmland
Street
State Road 1
Coordinates
40.17198, -85.12723
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,710
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 541 State Road 1 last sell?
541 State Road 1 most recently sold on Jun 1, 2022 for $285,000.
What is the current tax assessment for 541 State Road 1?
The most recent total assessment for 541 State Road 1 (year 2024) is $218,100 with $1,899 in property tax.
How does 541 State Road 1's assessment compare to its last sale price?
The current assessment is 23.5% below the last sale price of $285,000.
When was 541 State Road 1 built?
541 State Road 1 was built in 1979.
How does 541 State Road 1 compare to others on State Road 1?
We track 8 other properties on State Road 1. Browse the list under "Other properties on State Road 1" to compare beds, baths, and sale history.
What are the property facts for 541 State Road 1?
541 State Road 1 is a 4 bed, 3 bath, 2,302 sqft, 39,640 sqft lot single_family.
Is 541 State Road 1 a flip candidate?
No — 541 State Road 1 does not appear in our flips dataset.
Is 541 State Road 1 a tax-appeal candidate?
No — 541 State Road 1 is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.8%
Implied 1-yr
+11.2%
2025 Q4
$290.4K
2026 Q1
$297.3K
ZIP 47340 — Median Price History + Forecast
Explore nearby
Geography
Other properties on State Road 1