7519 E 500 N
Falmouth, IN 46127
Map
- – beds
- – baths
- – sqft
- ~105 acre lot
Divisible, Historic 105.12-Acre Farm with Income and Venue Potential. Discover a rare opportunity to own a 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. Tillable farm ground can be split from house, barns, & bins for a negotiated price. House, barns, and bins, can be sold separately. 45X90 Pole barn
Last checked:
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Last updated Jul 15, 2025
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MLS# 22050547 —
The Building
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New Construction:false
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Development Status:Plat Recorded
Location
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Directions:GPS Friendly
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Latitude:39.685014
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Longitude:-85.309631
The Property
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View:true
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Property Type:Land
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Property Subtype:Farm
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Parcel Number:700809100004000012
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Acres:>20 Acres
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Lot Size Acres:105.12
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Lot Size SqFt:4,579,027 Sqft
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Price Per Acre:21951
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Type:Agric Land
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Divisible:Yes
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Zoning:Agricultur
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Present Zoning:Agricultur
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Topography:Cleared,Level
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Land Characteristics:Rural Not in Subdivision,See Remarks
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Horse Amenities:None
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Tillable Acres:98
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Soil Type:Other
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Road Access:County Rd
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Road Frontage Type:County Road
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (317) 512-1533
- Office phone:
- (765) 932-2919
Taxes
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Tax Lot:/1
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Tax Year:2024
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Semi Annual Property Tax Amt:3272
Utilities
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Water:Well on Site
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Sewer:Septic Tank
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Solid Waste:No
Schools
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Middle Or Junior School:Benjamin Rush Middle School
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High School:Rushville Consolidated High School
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High School District:Rush County Schools
The Community
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Subdivision Name:No Subdivision
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Facilities On:Electric,Water,See Remarks
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Facilities Near:None
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Association:false
Extra Units
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Other Structures:Barn(s), Grain Storage, See Remarks
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/15/25
Jul 15, 2025
|
Listed / Active | MIBOR | $2,307,500 |
