Contingent

7126 S 550 E

Site-Built Home • 162Y Old
$205,000 Listed 1 month ago
3 Bedrooms All Main Level
2 Bathrooms 1 Full & 1 Half
2288 sqft
1.50 Acre
2 Car Garage Attached 20 × 30 (600 sqft)
Garage Main Level Laundry
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Property Description

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.

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Property
MLS # 202634450
Date Listed 2026-08-22
Status Cont-First Right
Property Type Residential
Property SubType Site-Built Home
Square Feet 2,288 sqft
New Construction No
Style Two and Half Story
Type Site-Built Home
Bedrooms 3
Bathrooms 2 (1 Full, 1 Half)
Annual Taxes $770.28
Year Taxes Payable 2025
Year Built 1864
Virtual Tour propertypanorama.com »
Days on Market 42
Homestead Year No
Additional
Cooling Window
Heating Gas, Hot Water
Garage Attached
Main Level Laundry Yes
Room Dimensions
Dining Room 15 × 13 Main Level
Kitchen 11 × 11 Main Level
Master Bedroom 23 × 16 Main Level
2nd Bedroom 17 × 14 Main Level
3rd Bedroom 17 × 14 Main Level
Bathroom Locations
Full Baths 1 Main
Half Baths 1 Upper
External Features
Construction Site-Built Home
Exterior Aluminum,Vinyl
Lot Size 65,340 sq ft
Acreage 1.50 Acre
Lot Dimensions 396x165
Sewer Septic
Water Well
Fence None
Location
Area Miami County
County Miami
Subdivision Rural
Township Butler
City Peru
State IN
Zip 46970
Schools
School District Maconaquah School Corp.
Elementary Pipe Creek/Maconaquah
Middle School Maconaquah
High School Maconaquah
Financial
Financing Terms Cash, Conventional, USDA
Assoc. Dues $0.00 Not Applicable
Contact

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MLS# 202634450
Listing Provided Courtesy of Tia Williams
Redlow Group

Listing updated September 10, 2026 at 11:45 am
Last checked 14 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.