7126 S 550 E, Peru, IN 46970
Property image
Property image
FOR SALE
3D VIEW
1.5 ACRES

$205,000

  • 3 Beds
  • 1.5 Baths
  • 2,288 sqft (on 1.50 acres)

7126 S 550 E, Peru, IN 46970

Est. Mortgage $1,161/mo*
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We estimate this home will sell faster than 94% nearby.

Home Highlights

Single-Family Home
Built in 1864
1.5 acre lot
2 Car Garage

Local Information

  • Map ViewExplore the area around 7126 S 550 E.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Welcome to country living at 7126 S 550 E in Peru! Set on approximately 1.5 acres surrounded by Hoosier farmland and mature trees, this 3 bedroom, 1.5-bath farmhouse offers the space, character and deep rural setting that are becoming harder to find. A metal roof is a major exterior highlight, while an enclosed front porch and large barn/outbuilding add to the property’s classic rural appeal. Inside, you’ll find generously sized living spaces with plenty of natural light, warm wood details and a layout that reflects the home’s farmhouse roots. The main level features a bedroom, spacious living areas, dedicated dining room, kitchen with abundant cabinetry, mudroom and convenient laundry space. Two additional bedrooms are located upstairs, including notably large rooms with plenty of flexibility for bedrooms, hobbies, an office or additional living space. A pellet stove provides another cozy country home feature. This is an older home with character and room for cosmetic updates, offering the next owner an opportunity to make it their own while enjoying the space and setting already in place. For those who would rather spend weekends on the water or exploring outdoors, the location is hard to beat. Mississinewa Lake is approximately 3 miles away, Miami State Recreation Area is approximately 2.7 miles away, and Seven Pillars Nature Preserve is approximately 6 miles away. Fishing, boating, hiking and some of the area’s best outdoor recreation are just minutes from home. Whether you’re looking for room to garden, space for hobbies, a country setting near the reservoir, or a farmhouse with land and potential, this property offers a slice of rural Indiana ready for you to put down roots. Home is being sold as-is and includes a one-year home warranty for added buyer peace of mind and seller is also offering up to $5,000 in concessions with an acceptable offer.
Last check for updates: 1 day ago
Listing courtesy of Tia Williams
Redlow Group
Source: IRMLS, MLS#202634450
Also Listed on IRMLS.
We estimate this home will sell faster than 94% nearby.

Home Details for 7126 S 550 E

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Crawl SpaceNumber of Rooms: 6Types of Rooms: Bedroom 1, Bedroom 2, Dining Room, Kitchen
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2288 Square Feet
Appliances & Utilities
Appliances: DishwasherDishwasher
Heating & Cooling
Heating: Natural Gas,Hot WaterHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Natural Gas
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Stories: 2.5Levels: Two and Half Story

Exterior Features

Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Tank
Finished Area
Finished Area (above surface): 2288 Square Feet

Days on Market

Days on Market: 15

Property Information

Year Built
Year Built: 1864
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Aluminum Siding, Vinyl SidingNot a New Construction
Property Information
Parcel Number: 521233200002.002003

Price & Status

Price
List Price: $205,000

Media

Location

Direction & Address
City: PeruCommunity: Rural
School Information
Elementary School: Pipe Creek/MaconaquahElementary School District: Maconaquah School Corp.Jr High / Middle School: MaconaquahJr High / Middle School District: Maconaquah School Corp.High School: MaconaquahHigh School District: Maconaquah School Corp.

Agent Information

Listing Agent
Listing ID: 202634450

Building

Building Area
Building Area: 2288 Square Feet

Lot Information

Lot Area: 1.5 Acres

Offer

Listing Terms: Cash, Conventional, USDA Loan

Energy

Energy Efficiency Features: Water Heater

Miscellaneous

Mls Number: 202634450Above Grade Unfinished Area: 2288

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Peru

At least 66 Trulia users voted on each feature.

  • 94 % Say parking is easy

  • 88 % Say car is needed

  • 83 % Say yards are well-kept

  • 79 % Say it's dog friendly

  • 75 % Say there are sidewalks

  • 68 % Say people would walk alone at night

  • 67 % Say there's holiday spirit

  • 62 % Say kids play outside

  • 56 % Say neighbors are friendly

  • 48 % Say it's quiet

  • 45 % Say it's walkable to restaurants

  • 45 % Say streets are well-lit

  • 39 % Say they plan to stay for at least 5 years

  • 37 % Say it's walkable to grocery stores

  • 33 % Say there are community events

  • 30 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Tammy Pearce
    "The neighborhood is dog friendly and people are always walking their dogs. They are welcome at any outdoor venue. "
    0
    Flag
  • Tammy Pearce
    "It’s a pet friendly community but doesn’t have a dog park. I think this would make it more pet friendly community. "
    0
    Flag
  • Regina L.
    "It’s a nice sized town, the people are friendly and it’s conveniently located just a little over an hour away from Ft. Wayne and Indianapolis."
    0
    Flag
  • Keith A.
    "Conveniently close to groceries restaurants gas stations and many other businesses. The nickel plate trail is just one block away."
    0
    Flag
  • Tena W.
    "There is no public transportation here. If you do not have a car...you are forced to walk. But it is a little dinky town so it is fine to walk. "
    2
    Flag
  • Kecaldwell3
    "Stray cats that are in town are a problem for dog owners. There is also no dog park located in Peru. "
    0
    Flag
  • Emily F.
    "we have many places for dog owners to walk their dogs like Riverwalk, maconaquah park, nickle plate trail"
    2
    Flag
  • Amberrhymer2925
    "The streets here are very friendly and good for walking dogs at any time of the day, or night. However, there are a LOT of stray cats, so if your dog is a cat chaser you may need to keep him/her on a tight leash. And keep them up to date with vaccinations. "
    0
    Flag
  • Christie B.
    "Dog owners may like that there is a walking trail that is dog friendly within walking distance of neighborhood homes. "
    0
    Flag
  • Brian G.
    "I visit Peru regularly and I know this area. nice quiet,safe area,clean and close to many things. I would live here if I was near the area. Maybe I will someday. I recommend Peru or its diversity and small town feel!"
    2
    Flag

Market trends in Peru

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$165K
$15.67KMoM
Sale-to-List Price
—
Price per sq ft
$106
$7MoM
Available listings
85
2MoM

Home Value

Trulia Estimate
$204K
Since last month
Decreased$17K (-7.7%)
Since last year
Decreased$4K (-2.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +124% in the last 10 years
MonthEstimated value
2026
August 2026$204K
August 2026$204K
July 2026$221K
June 2026$223K
May 2026$219K
April 2026$218K
March 2026$215K
February 2026$204K
January 2026$203K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
6008 S 400 E, Peru, IN
1.84
Single-Family Home
$319,900
09/01/26
3
2
1,874
4483 S 550 E, Peru, IN
2.58
Single-Family Home
$230,000
01/15/26
4
2
1,824
9612 S State Road 19, Amboy, IN
2.58
Single-Family Home
$255,000
06/05/26
2
1.5
1,350
7649 E 850 S, Amboy, IN
2.52
Single-Family Home
$320,000
04/23/26
3
2.5
3,104
9360 S 300 E, Amboy, IN
3.27
Single-Family Home
$105,000
06/18/26
3
1
1,480
5546 E Vine St, Amboy, IN
3.59
Single-Family Home
$231,000
06/05/26
3
2
1,710
9542 S 300 E #E, Amboy, IN
3.38
Single-Family Home
$145,000
02/18/26
3
1
1,436
10527 S 550 E, Amboy, IN
3.38
Single-Family Home
$135,000
11/07/25
2
1
1,808

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
7034 S 550 E, Peru, IN 46970
0.08
$308,300
4
3
2,756
Off Market
5141 E 700 S, Peru, IN 46970
0.39
$219,300
3
1
1,410
Off Market
4680 E 2nd St, Peru, IN 46970
1.05
$178,000
4
1.5
2,354
Off Market
7621 S State Road 19, Peru, IN 46970
1.09
$493,000
3
2.5
4,647
Recently Sold
7831 S State Road 19, Peru, IN 46970
1.19
$165,000
2
1
1,028
Off Market
4439 E Santa Fe Pike, Peru, IN 46970
1.25
$129,200
2
1
832
Off Market
6362 E 625 S, Peru, IN 46970
1.24
$411,700
4
2
2,280
Off Market
6204 E 850 S, Peru, IN 46970
1.47
$211,500
3
2
1,344
Off Market

Price and Tax history

DateEventPrice
Aug 22, 2026
Source: IRMLS #202634450
Listed For Sale
$205,000
May 29, 2020
Source: Agent Provided
ListingRemoved
$118,000
Jan 30, 2020
Source: Agent Provided
PriceChange
$118,000
Price decreased by 6%
Dec 22, 2019
Source: Agent Provided
PriceChange
$125,000
Price decreased by 3%
Dec 10, 2019
Source: Agent Provided
PriceChange
$128,900
Price decreased by 5%

LGBTQ Local Legal Protections

Tia Williams, Redlow 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.

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Frequently asked questions about 7126 S 550 E

  • What is the estimated monthly payment for 7126 S 550 E?
    Based on a $205,000 list price with 20% down at today's rates, the estimated monthly payment for 7126 S 550 E in Peru, IN is approximately $1,259 (about $1,085 principal & interest, $99 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 7126 S 550 E compare to homes in Peru?
    7126 S 550 E in Peru, IN is listed at $205,000, about 24% above the $165K median sale price in Peru.
  • What do residents say about Peru?
    Residents describe Peru, IN as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See homes for sale in Peru, IN.
  • What are the closest schools to 7126 S 550 E?
    The closest schools to 7126 S 550 E in Peru, IN are Maconaquah Elementary School (rated 5/10), Maconaquah High School (rated 6/10), Maconaquah Middle School (rated 6/10).
  • Does 7126 S 550 E have air conditioning?
    Yes, 7126 S 550 E in Peru, IN has air conditioning.
  • How big is the lot at 7126 S 550 E?
    The lot at 7126 S 550 E in Peru, IN is about 1.5 acres.
7126 S 550 E, Peru, IN 46970 is a 3 bedroom, 2 bathroom, 2,288 sqft single-family home built in 1864. This property is currently available for sale and was listed by IRMLS on Aug 22, 2026. The MLS # for this home is MLS# 202634450.