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9796 W 300 S

Lapel, IN 46051

PendingListed Apr 29, 2026 · 160 days on market

Key facts

Beds
3
Baths
1 full
Living area
1,988 sqft
Lot
5 acres
Year built
1899
Type
Residential · Single Family Residence
Stories
Two, one and one half
Garage
3 spaces
MLS #
22096687
County
Madison
Subdivision
No Subdivision

About this home

Situated on 5 acres in Lapel with no HOA, 9796 W 300 S offers a rare blend of space, flexibility, and equestrian-ready amenities. The fully fenced property features no-climb horse fencing and is designed to support a variety of uses, from hobby farming to recreational riding or a great lot to build your new dream home. Outbuildings include a 60x100 riding arena barn equipped with 200 amp electrical service and updated lighting, providing ample room for training, storage, or equipment, along with a 30x35 former dairy barn currently utilized as a horse barn with 2 stalls, tack room, and a substantial upper loft capable of holding approximately 1,500 bales of hay or serving as a large hobby or workspace area. Both barns have been updated with improved lighting, enhancing functionality throughout. The home offers nearly 2,000 square feet with 3 bedrooms and a flexible two-level layout, including a spacious family room with fireplace, dedicated office, and a bright sunroom overlooking the property. Recent interior updates include new sunroom windows, stained wood stairs, brand new whole house HVAC, and fresh paint throughout, contributing to a refreshed and well-maintained feel. Additional features include a 3-car attached garage, private well and septic, and open acreage suitable for animals, equipment, or outdoor enjoyment. Located within the Frankton-Lapel school district, this property presents a unique opportunity for those seeking usable land, functional outbuildings, and residential comfort in a rural setting.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherGas Water HeaterMicrowaveRefrigeratorWater Heater
Interior features
Attic AccessWalk-In Closet(s)
Kitchen
Kitchen Country
Basement
UnfinishedInterior EntryStorage Space
Fireplaces
1
Fireplace type
Family RoomMasonryLiving Room
Laundry
Laundry Closet
Rooms
8
Main-level bedrooms
1

Exterior

Exterior features
Storage
Patio and porch
Breeze Way
Construction
Vinyl Siding
Foundation
Block
Parking and garage
Attached
Fencing
Fence CompleteGate

Systems

Heating
Forced AirOil
Cooling
Central Air
Water
Private

Schools

Elementary school
Lapel Elementary School
Middle school
Lapel Middle School
High school
Lapel Sr High School
School district
Frankton-Lapel Community Schools

Taxes

Estimated annual tax
$1,804 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$3,115per month, estimated
Principal and interest $2,772Property tax $150Insurance $193
20% · $110,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$550,000
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