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Sitting down a long private driveway after a 2 1/2 mile drive back on a 1 lane road with a park like setting filled with wildlife and Yellowstone setting. This rustic ranch home on a proposed survey of 3 acres and subject to zoning is overlooking 50+ acres of Madison Hills Lake in your backyard. 2BR could be 3BR if you converted the pool room. The drive into your home on a one lane road 2 1/2 miles back is like going thru Yellowstone Park with creek, turkeys and deer crossing your lane on the drive back to your driveway. The eagles dropping to the lake to grab a fish and the bobcat cry or the howl of the coyotes is just outside your door, and the geese and bullfrogs will invite you in also. The white pelicans are a site to see in the Spring. High fiber Spectrum was just installed. Appliances stay with the home propane range. Electric Heat pump but woodstove/cook oven for back up or assistance heat. Kinetico water system. Garage/outbuilding could be finished out easily and has new wood stove. Alot of storage available and many possibilities. Raccoon Lake is not too far for additional fishing. Broker Owned. MUST BE ACCOMPANIED BY A REAL ESTATE BROKER. Seller will consider splitting home and outbuildings with 5 acres with access to lake for a lesser price of $500,000 or the entire 20 acre property with add outbuildings and pond for $975,000. Seller will possibly help with buyer financing with large enough down payment on the entire parcel but not for the house on 3 acres.
Property Type(s):
Single Family
| Last Updated | 12/12/2025 | Tract | No Subdivision |
|---|---|---|---|
| Year Built | 1977 | Community | 6716 - Putnam - Madison |
| Garage Spaces | 2.0 | County | Putnam |
SCHOOLS
| Jr. High School | Greencastle Middle School |
|---|---|
| High School | Greencastle Senior High School |
Additional Details
| AIR | Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Oven, Refrigerator |
| AREA | 6716 - Putnam - Madison |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Storage |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Electric, Heat Pump, Propane, Wood |
| INTERIOR | Eat-in Kitchen, High Ceilings, Pantry |
| LOT | 3 acre(s) |
| LOT DESCRIPTION | Irregular Lot, See Remarks, Waterfront |
| PARKING | Detached |
| SEWER | Septic Tank |
| STORIES | 1 |
| STYLE | Ranch |
| SUBDIVISION | No Subdivision |
| UTILITIES | Electricity Connected, See Remarks, Propane |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods, Forest, Water |
| WATER | Well, Private |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Waterfront |
Contact us about this Property
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Listed with Down Home Real Est & Auction
Listing information is deemed reliable, but not guaranteed.
© 2025 Metropolitan Indianapolis Board of REALTORS®
© 2025 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2025.
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