7404 W 1400 N Silver Lake, IN 46982
Estimated payment $13,085/month
Highlights
- Barn
- Waterfront
- Lake, Pond or Stream
- Manchester Elementary School Rated 9+
- 215 Acre Lot
- Agricultural
About This Home
Hunter's Paradise! 215+/- Acres with Country Home, Outbuildings & Premier Hunting! Rare opportunity to own 215± scenic acres of income-generating, wildlife-rich land complete with a 2-bedroom, 1-bath country home and a host of valuable improvements. The home features recent updates including a new roof, siding, and windows. The property boasts a brand-new Morton barn with small living quarters, perfect for guests, a hunting lodge setup, or added rental potential. Multiple additional barns and outbuildings offer flexible space for livestock, equipment, or hobby farming. Nearly the entire acreage is enrolled in the Conservation Reserve Program (CRP), providing steady annual income while supporting well-managed, high-quality habitat. An additional 8 acres are currently tenant farmed. This land offers outstanding hunting for whitetail deer, turkey, quail, pheasant, ducks, geese, dove, and rabbits. With ponds and food plots throughout, plus rolling fields, mature cover, and diverse terrain, it’s a dream setup for any outdoor enthusiast. This property generates over $30k/year in CRP income with additional income potential from the home & outbuildings! Whether you're seeking a peaceful rural lifestyle, a recreational retreat, or a productive investment property, this unique offering checks every box.
Listing Agent
Metzger Property Services, LLC Brokerage Email: chad@metzgerauction.com Listed on: 08/19/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,975
Lot Details
- 215 Acre Lot
- Lot Dimensions are 3500x2500
- Waterfront
- Property fronts a county road
- Rural Setting
- Property is zoned A2
Outdoor Features
- Lake, Pond or Stream
Schools
- Manchester Elementary And Middle School
- Manchester Jr/Sr High School
Farming
- Barn
- Agricultural
Utilities
- Gas Available
- Well
- Septic System
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 85-01-23-300-014.000-012
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 | $5,926 | $432,700 | $310,900 | $121,800 |
| 2023 | $5,512 | $425,700 | $303,500 | $122,200 |
| 2022 | $4,873 | $359,500 | $243,400 | $116,100 |
| 2021 | $4,133 | $310,600 | $208,700 | $101,900 |
| 2020 | $4,482 | $303,200 | $207,300 | $95,900 |
| 2019 | $4,622 | $341,800 | $249,500 | $92,300 |
| 2018 | $4,419 | $353,100 | $257,100 | $96,000 |
| 2017 | $4,462 | $387,900 | $293,200 | $94,700 |
| 2016 | $4,477 | $399,800 | $309,600 | $90,200 |
| 2014 | $4,028 | $412,100 | $329,100 | $83,000 |
| 2013 | $3,854 | $364,800 | $284,600 | $80,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | For Sale | $2,400,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Source: Indiana Regional MLS
MLS Number: 202533055
APN: 85-01-23-300-014.000-012
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