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300 W North

Anderson, IN 46012

PendingListed Oct 1, 2026 · 7 days on market

Key facts

Lot
6.02 acres
Type
Land · Farm
MLS #
22129535
County
Madison
Subdivision
No Subdivision

About this home

Room to build, room to grow. This 6.02 acre parcel on N 300 W in Lafayette Township offers the rare mix of country privacy and convenient access to Anderson and I-69. With over 480 feet of road frontage and level, open ground, the site gives you plenty of flexibility to place your home, shop, and outbuildings exactly where you want them. Located in the Frankton-Lapel Community School Corporation, this property is a strong fit for families looking for a rural setting without giving up a respected school district. The acreage is well suited to a hobby farm: room for a barn, pasture for a few animals, a large garden, or an orchard, with enough space to keep the homesite set back from the road. The ground is predominantly open and productive, with low annual property taxes under its current agricultural classification. Whether you're ready to build now or want to secure a quality rural lot for the future, this is a well-located opportunity in a market where small acreage tracts with this much frontage don't come up often. Property highlights: 6.02 total acres (5.87 excluding road right-of-way) 480'+ frontage on N 300 W Level topography Frankton-Lapel Community Schools Lafayette Township, Madison County Hobby farm potential Parcel # 48-08-27-200-004.000-017 Taxes $266/year

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
Not Applicable

Lot and HOA

Zoning
ag

Schools

Middle school
Lapel Middle School
School district
Frankton-Lapel Community Schools

Taxes

Estimated annual tax
$366 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$677per month, estimated
Principal and interest $605Property tax $31Insurance $42
20% · $24,000
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$120,000
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