2140 S 500 E, Lagrange, IN 46761
Property image
Property image
FOR SALE
3D VIEW
40 ACRES

2140 S 500 E
Lagrange, IN 46761

  • 2 Beds
  • 1 Bath
  • 1,120 sqft (on 40 acres)

$1,330,000

Est. Mortgage $7,540/mo*
Get Pre-Qualified

$1,330,000

Est. Mortgage $7,540/mo*
Get Pre-Qualified
2 Beds
1 Bath
1,120 sqft
(on 40 acres)
We estimate this home will sell faster than 83% nearby.

Home Highlights

Climate Control
Heating & Cooling
Listed
17 days ago

Local Information

  • Map ViewExplore the area around 2140 S 500 E.
-- mins to
Commute Destination

About this House

A truly exceptional property in LaGrange County two parcels totaling 40 acres with an impressive 1,200 feet of lakefront on beautiful Royer Lake and over 3,000 feet of combined road frontage (more than 2,000 feet on one side and 1,000 feet on the other). This property offers a rare blend of rolling farmland, mature trees and serene waterfront, making it an ideal setting for recreation, investment, or development. Currently zoned Agricultural and under cultivation, it provides both income potential and flexibility for future use. Included on the property is a 1,120 sq. ft. home featuring 2 bedrooms, 1 bath, on a walkout basement already plumbed for second bathroom. The home is positioned to take in the quiet, rural surroundings and offers an excellent opportunity for guest quarters, or a temporary residence while you plan your dream build. Royer Lake is a peaceful, non-ski lake known for its great fishing and connection to Fish Lake, offering the best of quiet lake living with expansive land to roam. With its combination of prime lake frontage, extensive road access, and natural beauty, this is truly a once-in-a-lifetime opportunity in northern Indiana. Whether you’re looking for a private retreat, working farm, or investment property, this one checks every box. Call today to schedule a private tour.
We estimate this home will sell faster than 83% nearby.

Home Details for 2140 S 500 E

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Full,Walk-Out Access,Unfinished,ConcreteNumber of Rooms: 5Types of Rooms: Bedroom 1, Bedroom 2
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1120 Square Feet
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: REMC
Levels, Entrance, & Accessibility
Stories: 1Levels: One
View
Has a ViewView: Water

Exterior Features

Exterior Home Features
Roof: Metal
Parking & Garage
No Garage
Frontage
WaterfrontWaterfront: Waterfront, Lake, Lake Front, Non Ski LakeOn Waterfront
Water & Sewer
Sewer: Septic TankWater Body: Royer Lake
Farm & Range
Frontage Length: Channel/Canal Frontage(0), Water Frontage(1200)
Finished Area
Finished Area (above surface): 1120 Square Feet

Days on Market

Days on Market: 17

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Vinyl SidingNot a New ConstructionHas Additional ParcelsDoes Not Include Home Warranty
Property Information
Parcel Number: 441002200004.000010Additional Parcels Description: 4410-02-200-022.000-010

Price & Status

Price
List Price: $1,330,000

Media

Location

Direction & Address
City: LagrangeCommunity: None
School Information
Elementary School: Lakeland PrimaryElementary School District: Lakeland School CorpJr High / Middle School: Lakeland IntermediateJr High / Middle School District: Lakeland School CorpHigh School: Lakeland Jr/SrHigh School District: Lakeland School Corp

Agent Information

Listing Agent
Listing ID: 202630213

Building

Building Area
Building Area: 2240 Square Feet

Lot Information

Lot Area: 40 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 202630213Water ViewWater View: WaterAttribution Contact: marlynnmast@gmail.comAbove Grade Unfinished Area: 1120
Last check for updates: about 8 hours ago
Listing courtesy of Marlynn Mast
Keller Williams Realty Group
Source: IRMLS, MLS#202630213
Also Listed on IRMLS.

Market trends in Lagrange

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
31
1MoM

Price and Tax history

DateEventPrice
Jul 27, 2026
Source: IRMLS #202630213
Listed For Sale
$1,330,000
Apr 29, 2026
Source: IRMLS #202543956
ListingRemoved
$1,980,000
Mar 16, 2026
Source: IRMLS #202543954
PriceChange
$1,980,000
Price decreased by 18%
Oct 29, 2025
Source: IRMLS #202543954
Listed For Sale
$2,400,000

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Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1540 S 485 E, Lagrange, IN
0.60
Single-Family Home
$333,750
10/17/25
2
1
1,194
1905 S 445 E, Lagrange, IN
0.49
Single-Family Home
$310,000
11/07/25
3
1
1,584
1995 S 445 E, Lagrange, IN
0.48
Single-Family Home
$130,000
08/14/25
2
1.5
1,536
2375 S 460 E, Lagrange, IN
0.47
Single-Family Home
$244,900
07/28/26
3
2
1,224
1835 S 445 E, Lagrange, IN
0.48
Single-Family Home
$300,000
06/24/26
3
2
1,682
1385 S 460 E, Lagrange, IN
0.80
Single-Family Home
$350,000
10/16/25
2
2
1,288
1165 S 495 E, Lagrange, IN
1.00
Single-Family Home
$360,000
07/23/26
2
2
1,680
1201 S 495 E, Lagrange, IN
0.96
Single-Family Home
$515,000
05/29/26
3
3
2,840
1055 S 495 E, Lagrange, IN
1.10
Single-Family Home
$658,000
04/29/26
4
3
2,364
95-133 Turkey Lake Ln, Lagrange, IN
2.90
Single-Family Home
$160,000
06/18/26
2
1
888

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
E 180 S, Lagrange, IN 46761
0.33
$11,500
-
-
-
Recently Sold
2200 S 460 E, Lagrange, IN 46761
0.40
$224,900
3
1
1,202
For Sale
2260 S 460 E, Lagrange, IN 46761
0.42
$313,100
2
2
1,529
Off Market
1770 S 485 E, Lagrange, IN 46761
0.42
$335,700
2
2
1,152
Off Market
1823 S 445 E, Lagrange, IN 46761
0.46
$299,900
2
1.5
1,528
For Sale
2375 S 460 E, Lagrange, IN 46761
0.47
$244,900
3
2
1,224
Recently Sold
1829 S 445 E, Lagrange, IN 46761
0.47
$225,000
2
1
977
For Sale
1995 S 445 E, Lagrange, IN 46761
0.48
$133,300
2
1.5
1,536
Off Market
1835 S 445 E, Lagrange, IN 46761
0.48
$300,000
3
2
1,682
Recently Sold
1905 S 445 E, Lagrange, IN 46761
0.49
$310,000
3
1
1,584
Recently Sold
1405 S 460 E, Lagrange, IN 46761
0.50
$143,200
2
1
800
Off Market

Around this home

What Locals Say about Lagrange

At least 17 Trulia users voted on each feature.

  • 92 % Say parking is easy

  • 85 % Say car is needed

  • 85 % Say there's holiday spirit

  • 83 % Say yards are well-kept

  • 82 % Say it's dog friendly

  • 76 % Say kids play outside

  • 63 % Say there's wildlife

  • 63 % Say people would walk alone at night

  • 57 % Say it's quiet

  • 54 % Say neighbors are friendly

  • 52 % Say it's walkable to grocery stores

  • 50 % Say it's walkable to restaurants

  • 48 % Say they plan to stay for at least 5 years

  • 40 % Say there are sidewalks

  • 18 % Say streets are well-lit

  • 18 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "The kids are ragamuffins but they’re all ragamuffins these days. It’s a very quiet community and everyone knows everyone. Stroh-days festival happens in the summer. Nearest actual grocery store is approximately 7 miles away. The school definitely isn’t the greatest but you can’t expect highly educated people to flock to such a small town to teach. "
    0
    Flag
  • Mweldon2009
    "You see people walking their dogs all of the time and people in the neighborhood are very welcoming."
    0
    Flag
  • Giovannimontoya3
    "Dog owners would love getting to see everyone’s dogs and pets. Not only are they friendly, but they are also welcoming to every shape and size family. Everyone cleans up after their dog, nobody is hostile it’s a warm community. Also there are dog parks in town so as to freely wander the town. "
    0
    Flag
  • Giovannimontoya3
    "Dog owners would love to see a huge variety of dogs, there are different kinds. Shapes sizes and all! "
    0
    Flag
  • Danielle O.
    "Our town has the curb your dog rule. Which means you can be fined for not picking up your dogs poop. Great for homeowners and clean yards "
    0
    Flag
  • Steve
    "mom lives there use to be the polish village. now gangs run wild with shooting all the tim yesterday the police shoot and killed someone."
    0
    Flag
  • Stacy
    "We need more jobs brought to this arrea if you would like to keep the younger generation here, this is a bedroom town for retirees, there is nothing to keep young families here. "
    0
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LGBTQ Local Legal Protections

Frequently asked questions about 2140 S 500 E

  • What is the estimated monthly payment for 2140 S 500 E?
    Based on a $1,330,000 list price with 20% down at today's rates, the estimated monthly payment for 2140 S 500 E in Lagrange, IN is approximately $7,602 (about $6,928 principal & interest, $599 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Lagrange?
    Residents describe Lagrange, IN as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See homes for sale in Lagrange, IN.
  • What are the closest schools to 2140 S 500 E?
    The closest schools to 2140 S 500 E in Lagrange, IN are Lakeland High School (Middle, rated 4/10), Lakeland Intermediate School (Elementary, rated 5/10), Lakeland Primary School.
  • Does 2140 S 500 E have air conditioning?
    Yes, 2140 S 500 E in Lagrange, IN has air conditioning.
  • How big is the lot at 2140 S 500 E?
    The lot at 2140 S 500 E in Lagrange, IN is about 40 acres.
  • Is there a virtual tour of 2140 S 500 E?
    Yes, a virtual tour of 2140 S 500 E in Lagrange, IN is available.
Marlynn Mast, Keller Williams Realty Group
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
2140 S 500 E, Lagrange, IN 46761 is a 2 bedroom, 1 bathroom, 1,120 sqft single-family home built in 1983. This property is currently available for sale and was listed by IRMLS on Jul 27, 2026. The MLS # for this home is MLS# 202630213.