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  • $205,000

    7126 S 550 E, Peru, IN 46970

    3beds
    2,288sqft
    : 
    $1,341/mo
    Get pre-qualified
    Single Family Residence
    Built in 1864
    1.5 Acres Lot
    $205,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Metal roofEnclosed front porchDedicated dining roomPlenty of natural lightWarm wood detailsConvenient laundry spacePellet stove
    Welcome to country living at 7126 S 550 E in Peru! Set on approximately 1.5 acres surrounded by Hoosier farmland and mature trees, this 3 bedroom, 1.5-bath farmhouse offers the space, character and deep rural setting that are becoming harder to find. A metal roof is a major exterior highlight, while an enclosed front porch and large barn/outbuilding add to the property’s classic rural appeal. Inside, you’ll find generously sized living spaces with plenty of natural light, warm wood details and a layout that reflects the home’s farmhouse roots. The main level features a bedroom, spacious living areas, dedicated dining room, kitchen with abundant cabinetry, mudroom and convenient laundry space. Two additional bedrooms are located upstairs, including notably large rooms with plenty of flexibility for bedrooms, hobbies, an office or additional living space. A pellet stove provides another cozy country home feature. This is an older home with character and room for cosmetic updates, offering the next owner an opportunity to make it their own while enjoying the space and setting already in place. For those who would rather spend weekends on the water or exploring outdoors, the location is hard to beat. Mississinewa Lake is approximately 3 miles away, Miami State Recreation Area is approximately 2.7 miles away, and Seven Pillars Nature Preserve is approximately 6 miles away. Fishing, boating, hiking and some of the area’s best outdoor recreation are just minutes from home. Whether you’re looking for room to garden, space for hobbies, a country setting near the reservoir, or a farmhouse with land and potential, this property offers a slice of rural Indiana ready for you to put down roots. Home is being sold as-is and includes a one-year home warranty for added buyer peace of mind and seller is also offering up to $5,000 in concessions with an acceptable offer.
    6 days
    1,455
    157

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Tia Williams 254-654-0514,

    Redlow Group

    Source: IRMLS,MLS#: 202634450MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      • Main level bedrooms: 3
      Bedroom 1
      • Level: Main
      Bedroom 2
      • Level: Main
      Dining room
      • Level: Main
      • Area: 195
      • Dimensions: 15 x 13
      Kitchen
      • Level: Main
      • Area: 121
      • Dimensions: 11 x 11
      Heating
      • Natural Gas, Hot Water
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Dishwasher
      Features
      • Basement: Crawl Space
      • Has fireplace: No
      Interior area
      • Total structure area: 2,288
      • Total interior livable area: 2,288 sqft
      • Finished area above ground: 2,288
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Attached garage spaces: 2
      Features
      • Levels: Two and Half Story
      • Stories: 2.5
      Lot
      • Size: 1.5 Acres
      • Dimensions: 396x165
      • Features: Level
      Details
      • Parcel number: 521233200002.002003

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Aluminum Siding, Vinyl Siding
      Condition
      • New construction: No
      • Year built: 1864

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      Green energy
      • Energy efficient items: Water Heater

      Community & HOA

      Community
      • Subdivision: Rural
      Location
      • Region: Peru

      Financial & listing details

      • Tax assessed value: $135,800
      • Annual tax amount: $770
      • Date on market: 8/22/2026
      • Listing terms: Cash,Conventional,USDA Loan

        Estimated market value

        $205,800

        $196,000 - $216,000

        $1,644/mo

        Price history

        DateEventPrice
        8/22/2026Listed for sale$205,000+73.7%
        Source: IRMLS #202634450 Report a problem
        5/29/2020Listing removed$118,000$52/sqft
        Source: F.C. Tucker, Miles Realty #201951868 Report a problem
        1/30/2020Price change$118,000-5.6%$52/sqft
        Source: F.C. Tucker, Miles Realty #201951868 Report a problem
        12/22/2019Price change$125,000-3%$55/sqft
        Source: F.C. Tucker, Miles Realty #201951868 Report a problem
        12/10/2019Price change$128,900-5.2%$56/sqft
        Source: F.C. Tucker, Miles Realty #201951868 Report a problem
        12/5/2019Listed for sale$135,900$59/sqft
        Source: F.C. Tucker, Miles Realty #201951868 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$597 +6.6%$135,800 +27.3%
        2024$560 $106,700 -0.9%
        2023-- $107,700
        2022$549 +28.9%$107,700 +6.3%
        2021$426 +3.9%$101,300
        2020$410 -30.6%$101,300
        2019$591 +12.3%$101,300
        2018$526 -1.9%$101,300 +6.2%
        2017$536 +56.4%$95,400
        2016$343 -2.5%$95,400 +1.5%
        2014$351 +14%$94,000 +4.2%
        2013$308 +20.4%$90,200
        2012$256 -29.2%$90,200 -14.6%
        2011$362 +25.8%$105,600
        2010$288 +42%$105,600 +3.5%
        2009$203 -55.2%$102,000 -10.2%
        2007$452 $113,600 +11%
        2006-- $102,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 46970

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Pipe Creek/Maconaquah
        • Middle: Maconaquah
        • High: Maconaquah
        • District: Maconaquah School Corp.

        Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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