Property details
About 7519 E 500 N
Divisible, Historic 105.12-Acre Farm with Income and Venue Potential. Discover a rare opportunity to own a 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
Highlights
Summary
- List Price: $2,307,500
- Annual Tax Amount: $5,716
- Tax Year: 2023
- Directions: GPS Friendly
- Lot Size: 105.12 Acres
- MLS Number: 22050547
- MLS Name: MIBOR
- Office Name: Yazel Group Real Estate Sales
- Listing Agent: Timothy Yazel
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Last updated on: 7/24/2025, 1:31:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 10, 2012 | Home Sold | $970,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $414,000 | $5,716 |
| 2021 | $294,600 | $4,466 |
| 2020 | $283,900 | $4,475 |
| 2019 | $300,300 | $4,328 |
| 2017 | $324,100 | $4,219 |
History based on county public records data.
Nearby schools
7
Fayette Central Elementary School
Public District KG-6
7.0 mi
•2928 N County Road 225 W
4
Rushville Elementary School West
Public District PK-6
8.3 mi
•410 W 16th St
6
Rushville Elementary School East
Public District KG-6
8.3 mi
•390 W 16th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,691. Residents of Falmouth, IN typically earn between $35k-100k each year. Typical family type is married, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Pro Wrestling
Where do the neighbors shop?
Wal-Mart
Academy Sports & Outdoors
Bass Pro Shops
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Ram
Chevrolet
GMC
What do the neighbors listen to?
Classic Country
New Country- Country
Frequently asked questions
About 7519 E 500 N
The listing price of 7519 E 500 N property is $2,307,500.
The property 7519 E 500 N is land located in Falmouth, Indiana, 46127.
Active Listing: 7519 E 500 N is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7519 E 500 N are: Fayette Central Elementary School (GreatSchools Rating 7/10), Rushville Elementary School West (GreatSchools Rating 4/10), Rushville Elementary School East (GreatSchools Rating 6/10), Mays Community Academy (GreatSchools Rating 4/10), Benjamin Rush Middle School (GreatSchools Rating 6/10), Connersville Middle School (GreatSchools Rating 3/10), Rushville Consolidated High School (GreatSchools Rating 6/10), Connersville High School (GreatSchools Rating 4/10), Tri Junior-Senior High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $5,716 (source: MLS/based on county public records data).
The last sale was on April 10, 2012 for $970,000 (source: MLS/tax record).
The property 7519 E 500 N is 105.12 acres.
This home is located at 7519 E 500 N in Falmouth, IN and zip code 46127. Features: 0 bathroom. It has been listed on Rocket Homes since July 15, 2025 and is currently priced at $2,307,500.