LAND IS THE ONLY THING THAT LASTS!!! NO covenants or restrictions & no homeowners association! Approximately 5 amazing acres await your imagination. Make your dream home come to life! Here you can enjoy tranquility & no traffic concerns. Enjoy all nature has to offer ( wild turkey, deer, etc )! Endless opportunities for this land! Rural water & road frontage! Additional adjoining acreage available.
•Source:MIBOR as Distributed by MLS Grid #21721177
Redfin Estimate
Unfortunately, we don't have enough data to generate an accurate Estimate at this time.
Market trends in 46166, IN
Last updated August 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-List Price
86.1%
0.0% MoM
Median sale price
$136K
$30 MoM
Avg. days on market
7d
0 days MoM
Recently sold homes
7
0 MoM
Provided by Redfin
Sale history for 1380 N Letterman Rd
Date
Event
Price
MIBOR as Distributed by MLS Grid #21721177
Oct 22, 2020
Sold
$47,500
Sep 11, 2020
Pending
—
Aug 27, 2020
Pending
—
Jul 8, 2020
Price Changed
$48,500
Jun 26, 2020
Listed
$49,900
Year
Property tax
Land + Additions
Assessment*
2025
$3,102 (+4.5%)
$68,600 + $388,200
$456,800
2024
$2,969 (−40.8%)
$68,600 + $388,200
$456,800
2023
$5,011 (+122.1%)
$68,600 + $382,000
$450,600
2022
$2,256 (+314.9%)
$68,600 + $385,900
$454,500
2021
$544 (+605.9%)
$68,600 + $140,200
$208,800
2020
$77 (−26.7%)
$45,200
2019
$105 (−36.5%)
$6,200
2018
$165 (+35.6%)
$7,800
2017
$122 (−29.1%)
$9,000
2016
$172 (+83.0%)
$9,000
2015
$94 (+11.9%)
$9,500
2013
$84
$8,600
Tax history for 1380 N Letterman Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,102 (+4.5%)
$68,600 + $388,200
$456,800
2024
$2,969 (−40.8%)
$68,600 + $388,200
$456,800
2023
$5,011 (+122.1%)
$68,600 + $382,000
$450,600
2022
$2,256 (+314.9%)
$68,600 + $385,900
$454,500
2021
$544 (+605.9%)
$68,600 + $140,200
$208,800
2020
$77 (−26.7%)
$45,200
2019
$105 (−36.5%)
$6,200
2018
$165 (+35.6%)
$7,800
2017
$122 (−29.1%)
$9,000
2016
$172 (+83.0%)
$9,000
2015
$94 (+11.9%)
$9,500
2013
$84
$8,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
2.5
Stories
1.5
Lot width
—
Lot depth
—
Lot size
4.86 Acres
Year renovated
2021
Sq. Ft.
2,412
Year built
2021
Style
Single Family Residential
County
Morgan County
APN
55-07-25-300-001.004-002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 8, 2026.
AG
Agriculture District
This district is intended for agricultural uses and to protect and preserve the decreasing supply of farmland by discouraging urban development in primarily agricultural areas. Non-farm residential uses should be limited, when possible, to provide for large areas of contiguous farm land; All subdivisions require subdivision approval unless exempt See Section 5.B.5: Exempt Subdivisions; All new primary structures for commercial, industrial, and institutional uses require Development Plan approval. Only one primary use or primary structure dwelling unit per lot permitted; All development may be subject to Drainage Board approval.
Permitted uses
Include but are not limited to:
Equestrian facility
Livestock production
Religious facility
Housing-Single unit
Infrastructure
Office
Agriculture-Cropland
Cemetery
Park & open space
Property details
Interior
Interior Sq. Ft. Information
Building Area Total: 0
Living Area: 0
Exterior
Property Information
Ownership Interest Types: No Assoc
Development Status: Easements
Property Type: Land
Property Sub Type: Residential Lots
Zoning: AG
Land Information
Topography: Pasture,Varied,Wooded
Acres: 3-5 Acres
Land Characteristics: Rural Not in Subdivision,Mature Trees,Small Trees
Lot Information
Facilities On: Easement
Facilities Near: Electric,Telephone,Water
Lot Size Acres: 4.86
Road Surface Type: Asphalt, Gravel
Road Frontage Type: County Road, FrontageRd
Present Zoning: Agricultur
Road Access: County Rd,Frontage Road
Utilities
Utility Information
Sewer: Septic Needed
Water Information: Municipal Water Near By,See Remarks
Solid Waste Information: No
Location
School Information
High School District: Eminence Community School Corp
Location Information
Directions: SR 67 through downtown Paragon to Old St Rd 67 past school. Follow to Letterman Rd & turn North for approximately 3 miles. Follow Letterman to top of hill. Property on left
Tax Legal Description: S25 T12 R2W PT SW
Public facts
Beds: 3
Baths: 2.5
Sq. Ft.: 2,412
Stories: 1.5
Lot Size: 4.86 acres
Style: Single Family Residential
Year Built: 2021
Year Renovated: 2021
County: Morgan County
APN: 55-07-25-300-001.004-002
Home facts updated by county records on Jul 8, 2026
Other
Listing Information
Attribution Contact: jensadler7@gmail.com
Around this home
Schools
Eminence Elementary School
Public PreK-5 • Assigned • 6.1mi
7/10
Eminence Jr-Senior High School
Public 6-12 • Assigned • 6.1mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Paragon, IN • 46166
Average low and high temperatures (°F)
34
18
44
27
62
41
69
49
72
54
83
65
87
71
83
64
82
58
71
48
55
40
43
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 3.4 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
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