Key facts
- Lot
- 9.95 acres
- Type
- Land · Residential Lots
- MLS #
- 22130906
- County
- Madison
- Subdivision
- No Subdivision
About this home
Opportunities like this are hard to find in Madison County. These 9.95 acres at 3994 N 300 W sit in Lafayette Township within the Frankton-Lapel Community School District, with level ground and a layout that suits a hobby farm, a new home with outbuildings, or a small livestock operation. The property includes about 8.95 acres of farmland and a 1-acre homesite already established on the parcel. A 28' x 52' bank barn and several locations to build a new barn. The existing 1950s farmhouse is beyond repair and is being sold for land value only. It is not habitable and should be planned for removal. Buyers should value this property as land, with the advantage of an established homesite, driveway access, and road frontage on a county road. If you've been waiting for acreage with room to spread out, this is it. Clear the old house, design the home you want, and put the land to work.
Description provided by the listing brokerage.
Exterior
- Other structures
Systems
- Sewer
Lot and HOA
- Zoning
- Residential, Ag
Schools
- School district
- Frankton-Lapel Community Schools
Taxes
- Estimated annual tax
- $950 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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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