$575,000
SOLD JAN 20, 2026

7519 E 500 N Falmouth, IN 46127

3 Beds
2 Baths
2,752 Sq Ft
4,579,028 Sq Ft Lot

Recently Sold

$209 Per Sq Ft

75% Below List Price

138 Days on Market

Highlights

  • Updated Kitchen
  • Mature Trees
  • Traditional Architecture
  • 105.12 Acre Lot
  • Rural View
  • Wood Flooring

About This Home

As of January 2026

Historic 105.12-Acre Farm with Income and Venue Potential Discover a rare opportunity to own a 105.12-acre working farm nestled in a quiet, serene setting bordered by a neighboring tree farm. This unique property features 96 tillable acres, 5 grain bins, two barns, and a beautifully restored 1865 Civil War-era farmhouse. It combines timeless character with modern updates and offers strong annual income through tillable acreage and grain bin rental income. The fully furnished farmhouse includes carefully selected antiques and preserved architectural details such as original refinished shutters, transom-topped doorways, trim, and restored bed headboards. The main level features hardwood floors, a cozy family room with gas fireplace, new kitchen with granite countertops, stainless steel appliances, a cabinet pantry, mudroom, and a great room combining living and dining areas with a built-in hutch for formal silver and glassware. A grand open staircase with lush carpeting leads upstairs. The home includes two fully updated bathrooms and a main-level primary suite with a sitting room and adjacent laundry. Modern upgrades include new electrical and plumbing systems, new windows, original steel fireplace surround and mantel, and an HVAC system installed in 2018. Exterior improvements feature new Hardy Plank siding, architectural shingles, a private pavered patio, and an oversized garage with workbench. The basement has a new poured concrete floor and provides excellent storage and storm shelter functionality. New well was recently installed. Outbuildings include a large pole barn and an original timber-frame barn-both suitable for use as a wedding or event venue. Whether you're seeking a peaceful country residence, productive farmland, or a unique venue space, this historic property delivers unmatched charm and potential. Tillable farm ground can be split from house, barns, & bins for a negotiated price. House, barns, and bins, can be sold separately. 45X90 Pole barn.

Last Agent to Sell the Property

Timothy Yazel

Yazel Group Real Estate Sales Brokerage Email: tyazel@frontier.com License #RB14029080 Listed on: 07/01/2025

Last Buyer's Agent

Timothy Yazel

Yazel Group Real Estate Sales Brokerage Email: tyazel@frontier.com License #RB14029080 Listed on: 07/01/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,544

Year Built

  • Built in 1865 | Remodeled

Lot Details

  • 105.12 Acre Lot
  • Rural Setting
  • Mature Trees

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Farm
  • Stone Foundation
  • Cement Siding

Interior Spaces

  • 1.5-Story Property
  • Built-In Features
  • Paddle Fans
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Separate Formal Living Room
  • Rural Views
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Electric Oven
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Sump Pump
  • Basement Storage

Outdoor Features

  • Covered Patio or Porch
  • Pole Barn
  • Outdoor Storage

Schools

  • Benjamin Rush Middle School
  • Rushville Consolidated High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Private Water Source
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 700809100004000012
  • Seller Concessions Not Offered

Property Details

Property Type

Other

Est. Annual Taxes

$6,544

Year Built

Built in 1865 | Remodeled

Lot Details

105.12 Acres

Parking

2

Listing Details

  • Property Sub Type: Farm
  • Architectural Style: Traditional
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1865
  • Building Area Total: 2752
  • Garage Y N: Yes
  • Lot Size Acres: 105.12
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Website: property-mls.hoosierpropertymedia.com/68507655d9fbe160a3b76c31-ut
  • Accessibility Features YN: No
  • Attribution Contact: tyazel@frontier.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Partial, Storage Space
  • Appliances: Dishwasher, Dryer, Electric Oven, Refrigerator, Washer
  • Levels: One and One Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Gas Log
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Bath Sinks Double Main, Built-in Features, Paddle Fan, Hardwood Floors
  • Living Area: 2752
  • Other Equipment: Smoke Alarm, Sump Pump
  • Spa Y N: No
  • Areas Interior: Living Room Formal
  • Eating Area: Dining Combo/Family Room,Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1764
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 988

Exterior Features

  • Construction Materials: Cement Siding
  • Exterior Features: Barn Pole, Storage
  • Foundation Details: Partial, Stone
  • Patio And Porch Features: Covered, Patio
  • Pool Private Y N: No
  • Property Condition: Updated/Remodeled
  • View: Rural
  • View Y N: Yes
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Concrete, Gravel, Garage Door Opener, Storage
  • Fuel: Propane Leased
  • Garage Parking Other: Finished Garage,Garage Door Opener,Service Door

Utilities

  • Utilities: Electricity Connected, Septic System
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Forced Air, Propane
  • Laundry Features: Laundry Room, Main Level
  • Water Source: Well, Private
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Benjamin Rush Middle School

Lot Info

  • Lot Features: Rural - Not Subdivision, Mature Trees
  • Property Attached Yn: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 4579027
  • Parcel Number: 700809100004000012
  • Acres: >20 Acres

Tax Info

  • Tax Annual Amount: 6544
  • Tax Lot: 1
  • Semi Annual Property Tax Amt: 3272
  • Tax Exemption: None

MLS Schools

  • High School: Rushville Consolidated High School

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2025
Closed on
Jan 13, 2026
Sold by
Forgey Family Farms Llc
Bought by
Ging Kimber A and Ging Kathryn E
Seller's Agent
Timothy Yazel
Yazel Group Real Estate Sales
Buyer's Agent
Timothy Yazel
Yazel Group Real Estate Sales
List Price
$2,307,500
Sold Price
$575,000
Premium/Discount to List
-$1,732,500
-75.08%
Views
73

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3132.68%
Original Mortgage
$488,484
Outstanding Balance
$488,017
Interest Rate
6.21%
Mortgage Type
New Conventional
Estimated Equity
$586,935

Purchase Details

Closed on
Oct 30, 2012
Sold by
Krieger Bryan J
Bought by
Forgey Michael D and Forgey Lorette L

Purchase Details

Closed on
Mar 26, 2012
Sold by
Saxon Sara Jane
Bought by
Krieger Bryan J and Jean Krieger W
Source: Public Records
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Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Atlantis Title
Deed $975,000 --
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $488,484 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2026 01/20/26 Sold $575,000 0.0% $209 / Sq Ft
01/15/2026 01/15/26 Price Changed $575,000 -75.1% $209 / Sq Ft
11/16/2025 11/16/25 Pending -- -- --
07/01/2025 07/01/25 For Sale $2,307,500 0.0% $838 / Sq Ft
08/09/2021 08/09/21 Rented -- -- --
10/15/2020 10/15/20 For Rent $2,400 -89.5% --
06/08/2019 06/08/19 Rented $22,800 +850.0% --
08/26/2016 08/26/16 For Rent $2,400 -- --
Source: MIBOR Broker Listing Cooperative®

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
2025 $6,544 $488,800 $238,900 $249,900
2024 $6,544 $511,300 $254,900 $256,400
2023 $5,717 $414,000 $214,900 $199,100
2022 $5,175 $357,300 $172,800 $184,500
2021 $4,692 $294,600 $148,800 $145,800
2020 $4,466 $283,900 $146,700 $137,200
2019 $4,476 $300,300 $174,700 $125,600
2018 $4,328 $302,800 $180,600 $122,200
2017 $4,219 $324,100 $204,800 $119,300
2016 $4,144 $331,800 $215,800 $116,000
2014 $3,848 $329,000 $224,800 $104,200
2013 $3,848 $299,700 $195,600 $104,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22047308

MIBOR Broker Listing Cooperative®

APN: 70-08-09-100-004.000-012

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