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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| 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 |
| Cooling | Window |
|---|---|
| Heating | Gas, Hot Water |
| Garage | Attached |
| Main Level Laundry | Yes |
| 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 |
| Full Baths | 1 Main |
| Half Baths | 1 Upper |
| 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 |
| Area | Miami County |
|---|---|
| County | Miami |
| Subdivision | Rural |
| Township | Butler |
| City | Peru |
| State | IN |
| Zip | 46970 |
| School District | Maconaquah School Corp. |
|---|---|
| Elementary | Pipe Creek/Maconaquah |
| Middle School | Maconaquah |
| High School | Maconaquah |
| Financing Terms | Cash, Conventional, USDA |
|---|---|
| Assoc. Dues | $0.00 Not Applicable |
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.