$399,900
$50K PRICE DROP

5594 S County Road 550 E Greencastle, IN 46135

Estimated payment $2,222/month

Total Views 16,960
4 Beds
2 Baths
1,780 Sq Ft
$225 Price per Sq Ft

Highlights

  • Mature Trees
  • Wood Flooring
  • No HOA
  • Ranch Style House
  • Pole Barn
  • 3 Car Detached Garage

About This Home

**MOTIVATED seller, property is priced $50,000 below appraised value!!! Seller's loss, buyer's gain. Welcome to your dream homestead! This beautifully updated 4-bedroom, 2 full bath ranch-style farmhouse sits on a picturesque 3-acre lot, offering the perfect combination of modern comforts and country charm. Inside, you'll find brand-new hardwood flooring and plush carpet throughout, along with a fully updated kitchen featuring new cabinets and dishwasher. Large windows fill the home with natural light, creating a bright and inviting atmosphere in every room. Step outside to enjoy a brand-new front porch, perfect for morning coffee, and a spacious new back deck ideal for entertaining or relaxing with family. The home's exterior has also been freshly painted, and a newer roof ensures lasting value and peace of mind. The expansive property is well-suited for both everyday living and outdoor hobbies. A spacious fenced yard offers plenty of room for children, pets, or gardening, while a massive 30x50 pole barn provides excellent space for storage, projects, or equipment. There's also a 30x20 open pole barn, a 24x12 building with 2 stalls and a tack room, and a 72x60 horse arena with a 40-foot diameter training circle-making this property a true haven for equestrian enthusiasts. Whether you're looking to settle into peaceful country living, start a hobby farm, or expand your equestrian lifestyle, this one-of-a-kind property offers it all.

Listing Agent

Lindsey Smalling

F.C. Tucker Company License #RB14038038 Listed on: 05/22/2025

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $568

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 3 Acre Lot
  • Rural Setting
  • Mature Trees

Parking

  • 3 Car Detached Garage

Home Design

  • Ranch Style House
  • Wood Siding

Interior Spaces

  • 1,780 Sq Ft Home
  • Woodwork
  • Paddle Fans
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Crawl Space
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Pole Barn
  • Outdoor Storage

Schools

  • Central Elementary School
  • South Putnam Middle School
  • South Putnam High School

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Powered By Owned Propane
  • Well
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 671309300009901010

Home Details

Home Type

Single Family

Est. Annual Taxes

$568

Year Built

Built in 1960 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1960
  • Building Area Total: 1780
  • Garage Y N: Yes
  • Lot Size Acres: 3
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Website: www.thesmallinggroup.com
  • Accessibility Features YN: No
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Microwave, Electric Oven, Washer, Water Heater, Water Softener Owned
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: Attic Access, High Ceilings, Paddle Fan, Hardwood Floors, Eat-in Kitchen, Walk-In Closet(s), Wood Work Painted
  • Living Area: 1780
  • Main Level Bedrooms: 4
  • Other Equipment: Smoke Alarm
  • Spa Y N: No
  • Areas Interior: Laundry in Unit,Living Room Formal
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1780
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 0
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Wood Siding
  • Direction Faces: East
  • Exterior Features: Barn Pole, Storage, Other
  • Fencing: Fence Complete, Full, Privacy
  • Foundation Details: Crawl Space
  • List Price: 399900
  • Patio And Porch Features: Deck
  • Pool Private Y N: No
  • Property Condition: Updated/Remodeled
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Detached
  • Fuel: Propane Owned
  • Garage Parking Other: Other
  • Garage Sq Ft: 800

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Septic System
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Heat Pump
  • Laundry Features: Connections All, Main Level
  • Water Source: Well, Private
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: South Putnam Middle School

Lot Info

  • Lot Features: Not In Subdivision, Rural - Not Subdivision, Mature Trees, Trees-Small (Under 20 Ft)
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: Arena, Barn, Stable(s), Tack Room, Other
  • Lot Size Sq Ft: 130680
  • Parcel Number: 671309300009901010
  • Acres: 3-5 Acres
  • Price Acre: 133300

Tax Info

  • Tax Annual Amount: 568
  • Tax Lot: 3
  • Semi Annual Property Tax Amt: 284
  • Tax Exemption: Homestead Tax Exemption

MLS Schools

  • Elementary School: Central Elementary School
  • High School: South Putnam High School

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $286 $15,900 $15,900 $0
2023 $246 $13,300 $13,300 $0
2022 $189 $10,500 $10,500 $0
2021 $162 $9,000 $9,000 $0
2020 $164 $8,900 $8,900 $0
2019 $198 $10,900 $10,900 $0
2018 $203 $11,200 $11,200 $0
2017 $199 $12,200 $12,200 $0
2016 $473 $92,400 $34,000 $58,400
2014 $531 $89,200 $34,800 $54,400
2013 $531 $86,800 $32,400 $54,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 For Sale $399,900 0.0% $225 / Sq Ft
08/05/2025 08/05/25 Pending -- -- --
07/01/2025 07/01/25 Price Changed $399,900 -5.9% $225 / Sq Ft
06/20/2025 06/20/25 Price Changed $425,000 -5.6% $239 / Sq Ft
05/22/2025 05/22/25 For Sale $450,000 -- $253 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- Attorney
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $208,250 Unknown
Previous Owner $134,190 New Conventional
Previous Owner $104,650 New Conventional
Previous Owner $110,800 New Conventional
Previous Owner $93,042 Unknown
Source: Public Records

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22039873

MIBOR Broker Listing Cooperative®

APN: 67-13-09-300-009.001-010