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.
Active
$205,000
7126 S 550 E, Peru, IN 46970
3beds
2,288sqft
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
- 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#: 202634450
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
| Date | Event | Price |
|---|---|---|
| 8/22/2026 | Listed for sale | $205,000+73.7% |
Source: | ||
| 5/29/2020 | Listing removed | $118,000$52/sqft |
Source: F.C. Tucker, Miles Realty #201951868 Report a problem | ||
| 1/30/2020 | Price change | $118,000-5.6%$52/sqft |
Source: F.C. Tucker, Miles Realty #201951868 Report a problem | ||
| 12/22/2019 | Price change | $125,000-3%$55/sqft |
Source: F.C. Tucker, Miles Realty #201951868 Report a problem | ||
| 12/10/2019 | Price change | $128,900-5.2%$56/sqft |
Source: F.C. Tucker, Miles Realty #201951868 Report a problem | ||
| 12/5/2019 | Listed for sale | $135,900$59/sqft |
Source: F.C. Tucker, Miles Realty #201951868 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 46970
Nearby schools
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.





