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7519 E 500 N

Falmouth, IN 46127

3 beds
2 baths
2,752 sqft
~105 acre lot
$838 per sqft
1865 build

Historic 105.12-Acre Farm with Income and Venue Potential Discover a rare opportunity to own a 105.12-acre working farm nestled in a quiet, serene setting bordered by a neighboring tree farm. This unique property features 96 tillable acres, 5 grain bins, two barns, and a beautifully restored 1865 Civil War-era farmhouse. It combines timeless character with modern updates and offers strong annual income through tillable acreage and grain bin rental income. The fully furnished farmhouse includes carefully selected antiques and preserved architectural details such as original refinished shutters, transom-topped doorways, trim, and restored bed headboards. The main level features hardwood floors, a cozy family room with gas fireplace, new kitchen with granite countertops, stainless steel appliances, a cabinet pantry, mudroom, and a great room combining living and dining areas with a built-in hutch for formal silver and glassware. A grand open staircase with lush carpeting leads upstairs. The home includes two fully updated bathrooms and a main-level primary suite with a sitting room and adjacent laundry. Modern upgrades include new electrical and plumbing systems, new windows, original steel fireplace surround and mantel, and an HVAC system installed in 2018. Exterior improvements feature new Hardy Plank siding, architectural shingles, a private pavered patio, and an oversized garage with workbench. The basement has a new poured concrete floor and provides excellent storage and storm shelter functionality. New well was recently installed. Outbuildings include a large pole barn and an original timber-frame barn-both suitable for use as a wedding or event venue. Whether you're seeking a peaceful country residence, productive farmland, or a unique venue space, this historic property delivers unmatched charm and potential.

Listing courtesy of MIBOR / Yazel Group Real Estate Sales

Last checked: Checking… • Last updated Jul 2, 2025 •

MLS# 22047308 —

The Building

Year Built:

1865
New Construction:

false
Construction Materials:

Cement Siding
Architectural Style:

TraditonalAmerican
Foundation Details:

Partial, Stone
Levels:

One and One Half
Basement:

true
Basement:

Partial, Storage Space
Exterior Features:

Barn Pole, Barn Storage
Patio And Porch Features:

Covered Porch, Open Patio
Accessibility Features:

No
Green Certification:

No
Upper SqFt:

988
Building Area Total:

2752

Interior

Rooms:

10
Rooms Total:

10
Rooms Total:

10
Interior:

Living Room Formal
Interior Features:

Attic Access, Bath Sinks Double Main, Built In Book Shelves, Paddle Fan, Hardwood Floors
Kitchen Features:

Kitchen Updated
Other Equipment:

Smoke Alarm, Sump Pump
Eating Area:

Dining Combo/Family Room,Dining Combo/Living Room
Laundry Features:

Laundry Room, Main Level
Fireplaces Total:

1
Fireplace Features:

Family Room, Gas Log

Room Dimensions

SqFt:

2752
Main Level SqFt:

1764
Living Area:

2752

Location

Directions:

GPS Friendly
Latitude:

39.685014
Longitude:

-85.309631

The Property

View:

true
Property Type:

Residential
Property Subtype:

Farm
Property Attached:

true
Parcel Number:

700809100004000012
Acres:

>20 Acres
Lot Features:

Rural - Not Subdivision, Mature Trees
Lot Size Acres:

105.12
Lot Size SqFt:

4,579,027 Sqft
Price Per Acre:

21951
Property Condition:

Updated/Remodeled
View:

Rural
View:

true
Waterfront:

false
Horse Amenities:

None
Fence:

No
Tillable Acres:

96

Listing Agent

Contact info:

Taxes

Tax Lot:

1
Tax Year:

2024
Tax Exemptions:

None
Semi Annual Property Tax Amt:

3272

Beds

Beds:

3
Bedrooms:

3
Bedrooms Total:

3
Main Level Bedrooms:

1
Primary Bedroom Description:

Bedroom Split,Sitting Room
# of Bedrooms Upper:

2

Baths

Baths:

2
Full Baths:

2
Full Baths:

2
Full Baths Main:

1
Full Baths Upper:

1

Heating & Cooling

Heating:

Forced Air, Propane
Fuel:

Propane Leased

Utilities

Utilities:

Electricity Connected, Septic System, Well
Electric:

200+ Amp Service
Water Source:

Private Well
Solid Waste:

No

Appliances

Appliances:

Dishwasher, Dryer, Electric Oven, Refrigerator, Washer

Schools

Middle Or Junior School:

Benjamin Rush Middle School
High School:

Rushville Consolidated High School
High School District:

Rush County Schools

The Community

Subdivision Name:

No Subdivision
Spa:

false
Pool Private:

false
Association:

false

Parking

Parking Features:

Attached, Concrete, Gravel, Garage Door Opener, Storage
Garage:

true
Garage Spaces:

2
Garage & Parking:

Finished Garage,Garage Door Opener,Service Door
Garage SqFt:

624

Monthly cost estimate

Asking price

$2,307,500

Expense	Monthly cost
Mortgage	$12,355
Taxes	$545
Insurance	$634
Utilities	$251 See report
Total	$13,785/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
7/1/25 Jul 1, 2025	Listed / Active	MIBOR	$2,307,500

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This house located in IN 46127 is currently for sale for $2,307,500. 7519 E 500 N is a 2,752 square foot house with 3 beds and 2 baths. This house is in the attendance area of Rushville Consolidated High School.

Listing Courtesy of: MIBOR and Yazel Group Real Estate Sales.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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