3976 E Olean Rd
Versailles, IN 47042
2 Beds
2 Baths
1,560 sqft (on 3.03 acres)
2 Beds
2 Baths
1,560 sqft
(on 3.03 acres)
Local Information
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Description
*Diamond in the Rough with Strong Upside*
Tucked away among mature trees and hidden from the road, this secluded cabin offers privacy, acreage, and incredible potential. Situated on 2 parcels totaling nearly 4 acres, plus an extra-long and wide gravel easement, this property provides a rare setting with plenty of room to enjoy and improve.
The home features 2 bedrooms and 2 bathrooms, along with a loft area for guests or storage. The lower level includes a master bedroom with walk-in closet and full bathroom, and with the addition of an egress window or walkout access, the home could function as a 3-bedroom property. The walkout basement is partially finished and ready for your vision, making this a true diamond in the rough with excellent potential to add value.
Updated approximately 2 years ago with a Gree WiFi heat pump mini split system, with a unit on each level to help improve comfort and reduce heating and cooling costs.
A detached 2-car garage adds even more value, featuring electric, insulation, a wood-burning stove, and an enclosed lean-to with industrial floor-to-ceiling shelving for outstanding storage or workshop space.
This property also offers strong income potential and would make a desirable Airbnb, especially during the Friendship, Indiana NMLRA flea market and shoot, with potential yearly income of approximately $2,400 to $3,000. A rare opportunity to own a private, desirable property with great bones, strong upside, and room to finish the lower level and maximize its full potential.
Tucked away among mature trees and hidden from the road, this secluded cabin offers privacy, acreage, and incredible potential. Situated on 2 parcels totaling nearly 4 acres, plus an extra-long and wide gravel easement, this property provides a rare setting with plenty of room to enjoy and improve.
The home features 2 bedrooms and 2 bathrooms, along with a loft area for guests or storage. The lower level includes a master bedroom with walk-in closet and full bathroom, and with the addition of an egress window or walkout access, the home could function as a 3-bedroom property. The walkout basement is partially finished and ready for your vision, making this a true diamond in the rough with excellent potential to add value.
Updated approximately 2 years ago with a Gree WiFi heat pump mini split system, with a unit on each level to help improve comfort and reduce heating and cooling costs.
A detached 2-car garage adds even more value, featuring electric, insulation, a wood-burning stove, and an enclosed lean-to with industrial floor-to-ceiling shelving for outstanding storage or workshop space.
This property also offers strong income potential and would make a desirable Airbnb, especially during the Friendship, Indiana NMLRA flea market and shoot, with potential yearly income of approximately $2,400 to $3,000. A rare opportunity to own a private, desirable property with great bones, strong upside, and room to finish the lower level and maximize its full potential.
Home Highlights
Parking
Garage
Outdoor
Porch, Patio, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
$160
Listed
31 days ago
Home Details for 3976 E Olean Rd
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Interior Details BasementAdditional StorageNumber of Rooms: 7Types of Rooms: Walk In Closet, Family Room, Laundry Room, Master Bath, Mud RoomStorageCeiling Fan |
Heating & Cooling Heating: Heat Pump, Electric, Propane ButaneCooling System: OtherHeating Fuel: Heat Pump |
Levels, Entrance, & Accessibility Stories: 1Floors: Tile, Concrete, HardwoodGated Entry |
Windows, Doors, Floors & Walls Double Paned Windows |
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Exterior Home Features Roof: MetalDeckExterior: Wood, Wood Products, Cement Concrete, MetalPatioPorch |
Parking & Garage GarageParking Spaces: 6Parking: Garage Detached, Off Street |
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Days on Market: 31 days on Trulia |
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Year Built Year Built: 2002 |
Property Type / Style Property Type: Single Family Home |
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Price Price Per Sqft: $160 |
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Lot Area: 3.03 acres |
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RV Parking Rv Parking |
Price History for 3976 E Olean Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 04/05/2026 | $249,000 | Listed For Sale | N/A |
| 11/25/2025 | ListingRemoved | N/A | |
| 11/23/2025 | $200,000 | Listed For Sale | N/A |
| 11/05/2025 | ListingRemoved | N/A | |
| 08/07/2025 | $222,000 | Listed For Sale | N/A |
| 05/29/2020 | $170,000 | ListingRemoved | Agent Provided |
| 04/27/2020 | $170,000 | PriceChange | Agent Provided |
| 02/05/2020 | $174,900 | PriceChange | Agent Provided |
| 12/22/2019 | $179,900 | PriceChange | Agent Provided |
| 11/04/2019 | $184,900 | Listed For Sale | Agent Provided |
| 06/08/2018 | $159,000 | Sold | N/A |
| 06/06/2007 | $148,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2014 |
|---|---|
| Tax | $551 |
| Assessment | $113,000 |
Home facts updated by county records
Comparable Sales for 3976 E Olean Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.61 | Single-Family Home | $229,900 | 05/21/25 | 3 | 2 | 2,095 | |
3.27 | Single-Family Home | $170,000 | 11/07/25 | 2 | 1 | 1,856 | |
3.19 | Single-Family Home | $275,000 | 03/05/26 | 3 | 2 | 1,478 | |
2.90 | Single-Family Home | $392,000 | 05/08/25 | 4 | 2 | 1,512 | |
3.18 | Single-Family Home | $85,000 | 11/19/25 | 3 | 1 | 976 | |
4.22 | Single-Family Home | $442,000 | 06/24/25 | 3 | 3 | 2,584 | |
4.39 | Single-Family Home | $475,000 | 11/21/25 | 4 | 3 | 1,920 | |
3.91 | Single-Family Home | $233,000 | 04/30/26 | 1 | 576 | ||
4.27 | Single-Family Home | $310,000 | 03/30/26 | 1 | 1 | 500 |
Assigned Schools
These are the assigned schools for 3976 E Olean Rd.
- South Ripley Elementary School
- PK-6
- Public
- 563 Students
8/10GreatSchools RatingParent Rating AverageThe town has a big festival every year. The Pumpkin Show. One year we were in the local grocery store and several teachers (one being a former teacher of the year) were down talking a couple of elementary aged students. Many parents heard the discussion, and the town is small enough the teachers knew they heard. Bullying is not handled well at this school. The student can follow the rules in regards to turning in the bullying and nothing will be done. When the student is tired of the incessant bullying and protects themselves (after months of the school doing nothing) the student being bullied is punished.Parent Review7y ago - South Ripley High School
- 9-12
- Public
- 350 Students
5/10GreatSchools RatingParent Rating AverageBullying is an issue here. The parents of the bullies are lied to about the real reason their bully child was called into question. Rarely is the bully punished, or even reprimanded. The bully walks away thinking it was all a joke. Then rumors within the community start making it even harder for the one being bullied. The swinging door of leadership is enabling the issue. The one bullied teen walks away having not been helped, and self esteem even worse.Parent Review7y ago - South Ripley Junior High School
- 7-8
- Public
- 162 Students
8/10GreatSchools RatingParent Rating AverageHow could a small school that has achieved four star status and is in the top ten in the state only ranked as 7/10 and average. Don't know what the criteria is for judging public school, but this rating is at least 2 points below the schools educational environment and performance. This school system needs to be ranked at least a 9/10 to give this site any credibility on impartial rankingsParent Review12y ago 
Check out schools near 3976 E Olean Rd.
What Locals Say about Versailles
At least 2 Trulia users voted on each feature.
100 % Say car is needed
100 % Say it's dog friendly
100 % Say kids play outside
86 % Say people would walk alone at night
83 % Say it's walkable to restaurants
80 % Say there's holiday spirit
80 % Say parking is easy
80 % Say it's quiet
67 % Say streets are well-lit
60 % Say it's walkable to grocery stores
60 % Say there are sidewalks
57 % Say yards are well-kept
56 % Say neighbors are friendly
33 % Say there's wildlife
29 % Say they plan to stay for at least 5 years
20 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
This property is for sale by owner and Zillow, Inc. is displaying it at the owner’s request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
3976 E Olean Rd, Versailles, IN 47042 is a 2 bedroom, 2 bathroom, 1,560 sqft single-family home built in 2002. This property is currently available for sale and was listed on Apr 5, 2026.