Active

Price cut: $5K (8/26)

$354,900

4587 S 50 E, Kokomo, IN 46902

3beds

2,619sqft

$2,307/mo

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Single Family Residence

Built in 1950

1.53 Acres Lot

$346,500 Zestimate^®

$--/sqft

$-- HOA

What's special

Spacious detached outbuilding

Nestled in the peaceful countryside, this charming rural property with 1.53 acres is full of opportunity for the right buyer. With solid bones, a sauna, a bar, a whole lot of space and endless potential, this home is ready for your personal updates and vision to bring it to life. The property features a spacious detached outbuilding that offers incredible flexibility—perfect for a workshop, hobby space, storage, or even a future studio. Whether you're a craftsman, small business owner, or simply need extra room for projects, you'll appreciate the endless possibilities. Surrounded by the tranquility of rural living, there's plenty of space to enjoy the outdoors while creating the country retreat you've always imagined. If you're looking for a property with character, room to grow, and the chance to build equity through updates, this is one you won't want to miss.

36 days
724
30

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 3

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Family room

Level: Main
Area: 576
Dimensions: 24 x 24

Kitchen

Level: Main
Area: 280
Dimensions: 20 x 14

Living room

Level: Main
Area: 960
Dimensions: 40 x 24

Office

Level: Main
Area: 96
Dimensions: 12 x 8

Heating

Natural Gas

Cooling

Central Air

Appliances

Included: Dishwasher, Microwave, Refrigerator, Washer, Gas Cooktop, Dryer-Electric

Features

Bar, Ceiling Fan(s)
Basement: Full
Number of fireplaces: 1
Fireplace features: Family Room, Living Room

Interior area

Total structure area: 5,238
Total interior livable area: 2,619 sqft
Finished area above ground: 2,619
Finished area below ground: 0

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Parking features: Basement
Attached garage spaces: 2

Features

Levels: One
Stories: 1
Fencing: Privacy
Has view: Yes
On waterfront: Yes
Waterfront features: Waterfront, River Front, Creek
Frontage length: Water Frontage(238)

Lot

Size: 1.53 Acres
Dimensions: 238 x 280
Features: Irregular Lot, Rural

Details

Parcel number: 341030300003.000024

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Stone
Foundation: Stone

Condition

New construction: No
Year built: 1950

Utilities & green energy

Sewer: Public Sewer
Water: Private

Community & HOA

Community

Features: Fitness Center, Sauna
Subdivision: None

Location

Region: Kokomo

Financial & listing details

Tax assessed value: $335,700
Annual tax amount: $2,535
Date on market: 7/27/2026
Listing terms: Cash
Road surface type: Paved

Estimated market value

$346,500

$329,000 - $364,000

$1,929/mo

Price history

Date	Event	Price
8/26/2026	Price change	$354,900-1.4%
Source: IRMLS #202630207 Report a problem
7/27/2026	Listed for sale	$359,900
Source: IRMLS #202630207 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,638 +4.1%	$335,700 +10.3%
2024	$2,533 -17.8%	$304,300 +6%
2023	$3,080 +42.8%	$287,100 +10.3%
2022	$2,156 -0.8%	$260,400 +18.6%
2021	$2,173 -7.8%	$219,600 +2%
2020	$2,357 +10.5%	$215,200
2019	$2,132 -0.4%	$215,200 +7.3%
2018	$2,141 -3.9%	$200,500 +4.1%
2017	$2,229 +13.1%	$192,600
2016	$1,970 +2.6%	$192,600 +10.1%
2014	$1,919 +10.2%	$175,000 +5.5%
2013	$1,742 +6.9%	$165,800 +1.8%
2012	$1,629 +3.7%	$162,800 -6.9%
2011	$1,570 -16.8%	$174,900 -3.5%
2010	$1,887 +13.9%	$181,200
2009	$1,656 -13.2%	$181,200 -10%
2007	$1,907 -39.6%	$201,400 -7.8%
2006	$3,156	$218,400 +22.4%
2005	--	$178,500