OFF MARKET
Google street view image for 5311 County Road 40, Butler, IN 46721
OFF MARKET
$188,693
3
bd
•
1 ba
•
1,008
sq ft

5311 County Road 40, Butler, IN 46721

map-entry

About this home

5311 County Road 40 is a 1,008 square foot house on a 1 acre lot with 3 bedrooms and 1 bathroom. Based on Redfin's Butler data, we estimate the home's value is $188,693.
Single-familyProperty Type
1963Year Built
1 acresLot Size
$187Est. Price/Sq.Ft.
Source:Public Records

Redfin Estimate

$188,693
$1,000 since August

This home's estimate is 20.3% lower than the average sale price ($237K) of 6 comparable homes.

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Rent
$1,861/mo
Redfin rental estimate

List your home for rent

Market trends in 46721, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price
96.3%

1.2% MoM

Median sale price
$172K

$8K MoM

Avg. days on market
26d

6 days MoM

Recently sold homes
8

1 MoM

New listings for sale

Provided by Redfin

Sale history for 5311 County Road 40

As the MLS and public records start to fill up, we'll list the details here.

Tax history for 5311 County Road 40

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

A2

Agrcultural District

This district is established for agricultural areas and buildings associated with agricultural production; also allows for some small infusion of non-agricultural single-family detached homes in areas where impact on agriculture and rural character is minimal.
Permitted uses

Include but are not limited to:

  • Agriculture
  • Livestock production
  • Housing-Single unit
  • Fire house
  • Police station
  • Communications tower
  • Agriculture-Cropland
  • Agriculture-Grove / orchard / vineyard
  • Housing-Mobile home park

Property details

Around this home

Schools

Some nearby schools may not be within this home's attendance zone. Please check the Dekalb County Eastern Com School District website to verify.
Butler Elementary School

Public K-6 • 4.4mi

4/10
Waterloo Elementary School

Public PreK-5 • 5.0mi

5/10
Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 100° expected this year, 17 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Butler, IN • 46721
Average low and high temperatures (°F)
28
15
36
20
54
34
63
43
68
49
81
62
84
67
80
60
79
56
67
45
50
36
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

Sun exposure

In this area, properties receive around 10.6 hours in June and 3.1 hours in December, which is comparable to the U.S. average for solar exposure.

10.6 hrs
3.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$180,000 – $217,000

Sell confidently with a local market expert in Butler. 3 minutes to get started.

Nearby similar homes

$434,900
4 beds2.5 baths2,744 sq ft
203 Steeplechase Dr, Auburn, IN 46706
OPEN THU, 5PM TO 7PM
$389,900
3 beds2 baths1,800 sq ft
3321 County Road 10 Rd, Waterloo, IN 46793
$199,900
3 beds1.5 baths1,178 sq ft
508 N Cedar St, Auburn, IN 46706
$345,900
4 beds2 baths1,532 sq ft
1700 Badger Ln, Auburn, IN 46706
FOR SALE BY OWNER
$249,900
2 beds1 bath768 sq ft
2503 County Road 50, Auburn, IN 46706
$369,900
3 beds2 baths1,740 sq ft
3406 Pindos Ct, Auburn, IN 46706

New listings for sale in 46721

COMING SOON
$279,900
3 beds2 baths1,497 sq ft
439 Westward Dr, Butler, IN 46721
$140,000
3 beds2.5 baths1,888 sq ft
3553 County Road 49 Rd, Butler, IN 46721

Home values near 5311 County Road 40

Data from public records.

More real estate resources

Huntertown homes for sale
Angola homes for sale
Auburn homes for sale
Download the Redfin App on the Apple App Store
Download the Redfin App from the Google Play Store

Join us

Become an Agent
Get referrals
Careers

Find homes faster

Download the Redfin App on the Apple App Store
Download the Redfin App from the Google Play Store

About us

Why Redfin?
Community Impact
Inclusion
Culture
Press
Investors
Blog
Real Estate News

Find us

Contact Us
Help Center
Advertise

Subsidiaries

Rent.
ApartmentGuide

Affiliated Business

Rocket Close
Rocket Mortgage

Countries

US flagUnited States

Canadian flagCanada

Copyright: © 2026 Redfin. All rights reserved.

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.