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411 & 415 S County Road 550 E

Selma, IN 47383

3 beds
2 baths
– sqft
~14 acre lot
– on site

Endless Possibilities Await on This 13.8-Acre, 2 Parcel Dream Property! This truly one-of-a-kind, multi-use estate tucked into a peaceful rural setting within the Wapahani School District combines country living with incredible income-producing potential—perfect for homeowners, entrepreneurs, or equestrian enthusiasts. The main home offers over 2,600 sq ft with 3 bedrooms, 2 baths, and a spacious and thoughtfully designed layout ideal for both daily living and entertaining. The primary suite with en-suite bath is located on the main level for added comfort and convenience. You'll love the expansive kitchen and breakfast nook, where all appliances are included, and the cozy gas log fireplace in the living room. Under the carpeting in the living room, dining room, and upstairs bedrooms you'll find original hardwood floors, just waiting to be revealed and restored. A bright sunroom, 2-car attached garage, and a 957 sq ft unfinished basement provide even more functional space. Plus, the home is connected to a Generac generator system for peace of mind. The 2-bedroom guest house offers a fantastic opportunity for extended family, guest accommodations, or rental income. It includes its own 2-car detached garage and is connected to city water and sewer. For pet care professionals, this property is a dream come true. The on-site dog kennel and grooming facility is fully equipped with 30 indoor/outdoor runs, a grooming station, office space, and everything needed to launch a thriving business. Horse lovers will fall in love with the expansive 24-stall horse barn, featuring a huge indoor riding arena, plus a lounge area, office space, and restroom. The multiple acres of fully fenced pasture offers plenty of space for boarding, training, or private equestrian use. With a total of 13.8 acres across two parcels, there is room to grow, explore, and create a lifestyle tailored to your dreams. PLEASE NOTE: Will only qualify for RURAL 1ST CONVENTIONAL LOAN PROGRAM or CASH PURCHASE. Whether you're seeking a personal retreat, animal-friendly business, or an income producing property—this rural gem has it all.

Listing courtesy of IRMLS

Last checked: Checking… • Last updated Apr 11, 2025 •

MLS# 202512089 —

The Building

Year Built:

1945
New Construction:

No
Style:

Two Story
Roof Material:

Asphalt, Shingle
Exterior:

Vinyl
Amenities:

1st Bdrm En Suite, Alarm System-Security, Attic Storage, Cable Available, Ceiling Fan(s), Countertops-Laminate, Dryer Hook Up Electric, Eat-In Kitchen, Garage Door Opener, Jet/Garden Tub, Generator Built-In, Generator-Whole House, Kennel, Landscaped, Porch Covered, Porch Enclosed, Six Panel Doors, Storm Doors, Stand Up Shower, Main Level Bedroom Suite, Sump Pump, Washer Hook-Up
Basement:

Yes
Basement/Foundation:

Crawl, Partial Basement
Total SqFt:

3816
Total Finished SqFt:

2655
Main Level SqFt:

1698
Above Grade Finished SqFt:

2655
Upper Level SqFt:

957
Above Grade Unfinished SqFt:

204
Total Below Grade SqFt:

957
Below Grade Unfinished SqFt:

957

Interior

Kitchen Level:

Main
Dining Room Level:

Main
Breakfast Room Level:

Main
Living/Great Room Level:

Main
Laundry Level:

Basement
Flooring:

Hardwood Floors, Carpet, Vinyl
# of Fireplaces:

1
Fireplace:

Living/Great Rm, Gas Log
Fireplace:

Yes

Room Dimensions

Kitchen Length:

19
Kitchen Width:

14
Dining Rm Length:

12
Dining Room Width:

13
Breakfast Room Length:

14
Breakfast Room Width:

14
Living/Great Room Width:

13
Living/Great Room Length:

22
1st Bedroom Length:

18
1st Bedroom Width:

17
2nd Bedroom Length:

15
2nd Bedroom Width:

18
3rd Bedroom Width:

18
3rd Bedroom Length:

11

Location

Directions to Property:

East on Highway 32 towards Selma to County Road 550 E and Turn South
Latitude:

40.189566
Longitude:

-85.283584

The Property

Parcel# ID:

18-12-16-127-001.000-010
Property Subtype:

Site-Built Home
Location:

Rural
Lot Dimensions:

0x0
Lot Description:

10-14.999
Approx Lot Size SqFt:

601128
Approx Lot Size Acres:

13.8
Fence:

Farm, Wood
Driveway:

Asphalt, Gravel
Waterfront:

No
Road Access:

County
Road Surface:

Asphalt

Listing Agent

Contact info:

Taxes

Annual Taxes:

4325.9

Beds

Total # Bedrooms:

3
1st Bedroom Level:

Main
2nd Bedroom Level:

Upper
3rd Bedroom Level:

Upper

Baths

Total Baths:

2
Total Full Baths:

2
# of Full Baths Main:

2

The Listing

Unbranded Virtual Tour:

https://www.propertypanorama.com/instaview/irmls/202512089
Unbranded Virtual Tour 2:

https://www.zillow.com/view-imx/2039b257-1a75-4b5e-9b8e-3d16737ed8fe?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Heating & Cooling

Heating Fuel:

Gas, Forced Air
Cooling:

Central Air

Utilities

Water Utility:

Well
Well Type:

Private
Sewer:

Regional

Schools

Elementary:

Selma
Middle School:

Selma
High School:

Wapahani
School District:

Liberty-Perry Community S.D.

The Community

Subdivision:

None
Common Amenities:

None
Pool:

No
Association Restrictions:

No
Association Dues Frequency:

Not Applicable

Parking

Garage:

Yes
Garage Type:

Attached
Garage Length:

21
Garage SqFt:

420
Garage Width:

20
Garage/# of Cars:

2
Off Street Parking:

Yes

Monthly cost estimate

Asking price

$510,000

Expense	Monthly cost
Mortgage	$2,730
Taxes	$50,094
Insurance	$140
Utilities	N/A
Total	$52,964/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/9/25 Apr 9, 2025	Listed / Active	IRMLS	$510,000

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This house located in Selma, IN 47383 is currently for sale for $510,000. 411 & 415 S County Road 550 E is a – square foot house with 3 beds and 2 baths that has been on Estately for 5 days. This house is in the attendance area of Selma Elementary School, Selma Middle School, and Wapahani High School.

Listing Courtesy of: IRMLS and .

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