407 S Penn St Fairmount, IN 46928
Estimated payment $437/month
About This Lot
Investor and builder opportunity in Fairmount! This sale includes two adjoining parcels sold together for one price. The first lot, 134'x127'x273', features an existing home that is best suited for removal, allowing a fresh start for new construction or redevelopment. The second lot, 108'x132', is a cleared, build-ready space—ideal for expansion, additional builds, or creative projects. With both parcels included, this package offers excellent value and flexibility for your next project.
Property Details
Property Type
- Land
Lot Details
- Finished Lot(s)
- Subdivision Possible
Parking
- Driveway
- On-Street Parking
Location
- City Lot
Schools
- Park Elementary School
- Madison Grant Middle School
- Madison Grant High School
Listing and Financial Details
- Assessor Parcel Number 27-10-29-402-136.000-004
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $381 | $22,000 | $14,700 | $7,300 |
| 2023 | $806 | $43,400 | $14,700 | $28,700 |
| 2022 | $786 | $39,300 | $13,300 | $26,000 |
| 2021 | $721 | $35,800 | $13,300 | $22,500 |
| 2020 | $672 | $35,800 | $13,300 | $22,500 |
| 2019 | $0 | $34,500 | $13,300 | $21,200 |
| 2018 | $0 | $33,700 | $13,300 | $20,400 |
| 2017 | $0 | $33,500 | $13,300 | $20,200 |
| 2016 | -- | $33,500 | $13,300 | $20,200 |
| 2014 | -- | $33,900 | $14,100 | $19,800 |
| 2013 | -- | $33,900 | $14,100 | $19,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $75,000 | 0.0% | -- |
| 08/29/2025 08/29/25 | Price Changed | $75,000 | +50.0% | -- |
| 08/29/2025 08/29/25 | Off Market | $50,000 | -- | -- |
| 08/29/2025 08/29/25 | For Sale | $50,000 | -- | -- |
Source: Indiana Regional MLS
MLS Number: 202534776
APN: 27-10-29-402-135.000-004
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