OFF MARKET

Off Market Jul 2025 for $419K

$399,256

•

1,440

sq ft

2548 N Letterman Rd, Paragon, IN 46166

About this home

It doesn't get any better than this! Drive down your private lane to find this charming 3 bedroom, 2 bath ranch nestled on 5 secluded, park-like acres. This property offers the perfect mix of comfort, privacy, and natural beauty. A peaceful creek meanders through the property, creating a tranquil retreat just steps from your door. Inside, enjoy a spacious great room with a cozy fireplace, indoor and outdoor dining areas, and a kitchen beautifully crafted with maple cabinetry. Brand new flooring has just been installed throughout, making this home truly move-in ready. Outside, the features keep coming-a massive 50' x 40' pole barn with separate electric offers ideal space for storage, hobbies, and a workshop. Whether you're enjoying a morning coffee on the front porch or an evening walk along the creek, this property delivers peace, space, and modern convenience.

Single-familyProperty Type

1998Year Built

5 acresLot Size

$277Est. Price/Sq.Ft.

Listed by Brandon Warfield • Carpenter, REALTORS®

Contact: bwarfield@callcarpenter.com

Bought with Betsy Stankevitz • Berkshire Hathaway Home

Redfin checked: a few seconds ago

•Source:MIBOR as Distributed by MLS Grid #22038051

Redfin Estimate

$399,256

$20K since sold in July 2025$6,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 52.7% higher than the average sale price ($262K) of 6 comparable homes.

SOLD JUN 30, 2026
$340,000
A
3 beds2 baths1,950 sq ft
8801 Squires Dr, Paragon, IN 46166
SOLD JUN 11, 2026
$136,500
B
3 beds2 baths1,380 sq ft
8701 Squires Dr, Paragon, IN 46166
SOLD AUG 17, 2026
$340,000
C
3 beds2 baths1,516 sq ft
5275 Wilbur Rd, Martinsville, IN 46151
SOLD JUN 25, 2026
$367,750
D
3 beds2 baths1,630 sq ft
3770 Wilbur Rd, Martinsville, IN 46151
SOLD NOV 14, 2025
$275,000
E
3 beds2 baths1,334 sq ft
1395 Inverness Farms Rd, Martinsville, IN 46151
SOLD DEC 17, 2025
$110,000
F
Land— sq ft
2975 N Grizzly Ln, Martinsville, IN 46151

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Rent

$2,748/mo

Redfin rental estimate

List your home for rent

Market trends in 46166, IN

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

86.1%

4.9% MoM

Median sale price

$136K

$30 MoM

Avg. days on market

0 days MoM

Recently sold homes

0 MoM

New listings for sale

$300,000
3 beds2 baths3,292 sq ft
310 N Border St, Paragon, IN 46166
See all

Provided by Redfin

Sale history for 2548 N Letterman Rd

Date

Event

Price

THAAR #106289

Jun 2, 2025

Pending

—

May 12, 2025

Listed

$419,000

$291/sq ft

IRMLS #202517245

Jul 2, 2025

Sold

$419,000

$291/sq ft

Jun 2, 2025

Pending

—

May 12, 2025

Listed

$419,000

$291/sq ft

+28

MIBOR as Distributed by MLS Grid #22038051

Jul 2, 2025

Sold

$419,000

$291/sq ft

Jun 2, 2025

Pending

—

May 12, 2025

Listed

$419,000

$291/sq ft

MIBOR as Distributed by MLS Grid #21327674

Jan 29, 2015

Sold

$137,000

$95/sq ft

Dec 16, 2014

Pending

—

Dec 8, 2014

Listed

$139,533

$97/sq ft

MIBOR as Distributed by MLS Grid #21049917

Jul 26, 2011

Listing Removed

—

Sep 27, 2010

Listed

$99,900

$69/sq ft

MIBOR as Distributed by MLS Grid #2554855

Sep 2, 2005

Listed

$154,900

$108/sq ft

MIBOR as Distributed by MLS Grid #2218190

Apr 20, 2002

Listed

$139,900

$97/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$1,371 (+4.8%)

$70,000 + $140,600

$210,600

2024

$1,308 (+0.4%)

$70,000 + $140,600

$210,600

2023

$1,303 (+5.7%)

$70,000 + $139,600

$209,600

2022

$1,232 (+19.9%)

$70,000 + $143,200

$213,200

2021

$1,028 (−6.4%)

$70,000 + $130,400

$200,400

2020

$1,098 (+12.6%)

$57,000 + $106,200

$163,200

2019

$975 (+4.0%)

$53,000 + $115,800

$168,800

2018

$937 (+5.2%)

$49,000 + $98,100

$147,100

2017

$891 (+18.6%)

$49,000 + $88,400

$137,400

2016

$751 (+47.8%)

$49,000 + $88,400

$137,400

2015

$508 (+6.9%)

$43,200 + $83,700

$126,900

2013

$475

$43,200 + $79,900

$123,100

Tax history for 2548 N Letterman Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,371 (+4.8%)

$70,000 + $140,600

$210,600

2024

$1,308 (+0.4%)

$70,000 + $140,600

$210,600

2023

$1,303 (+5.7%)

$70,000 + $139,600

$209,600

2022

$1,232 (+19.9%)

$70,000 + $143,200

$213,200

2021

$1,028 (−6.4%)

$70,000 + $130,400

$200,400

2020

$1,098 (+12.6%)

$57,000 + $106,200

$163,200

2019

$975 (+4.0%)

$53,000 + $115,800

$168,800

2018

$937 (+5.2%)

$49,000 + $98,100

$147,100

2017

$891 (+18.6%)

$49,000 + $88,400

$137,400

2016

$751 (+47.8%)

$49,000 + $88,400

$137,400

2015

$508 (+6.9%)

$43,200 + $83,700

$126,900

2013

$475

$43,200 + $79,900

$123,100

*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

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5 Acres

Year renovated

1998

Sq. Ft.

1,440

Year built

1998

Style

Single Family Residential

County

Morgan County

APN

55-07-24-100-003.001-002

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 8, 2026.

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

Parking

Parking Information
Garage SqFt: 2000

Interior

Interior Sq. Ft. Information
Building Area Total: 1440
Living Area: 1440
Main Level Sq. Ft.: 1440
Upper Level Sq. Ft.: 0

Bedroom Information
Primary Bedroom Description: Closet Walk in
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3

Bathroom Information
# of Full Baths (Total): 2
# of Full Baths (Main): 2
Full Baths MU: 2
Full Bathrooms MU: 2
Primary Bathroom Description: Shower Stall Full

Room 1 Information
Room Type: Great Room
Room Features: Engineered Hardwood
Room Dimensions: 14x14
Room Level: Main

Room 2 Information
Room Type: Dining Room
Room Features: Engineered Hardwood
Room Dimensions: 14x09
Room Level: Main

Room 3 Information
Room Type: Kitchen
Room Features: Engineered Hardwood
Room Dimensions: 14x13
Room Level: Main

Room 4 Information
Room Type: Laundry
Room Features: Vinyl
Room Dimensions: 10x09
Room Level: Main

Room 5 Information
Room Features: Engineered Hardwood
Room Dimensions: 13x13
Room Level: Main

Room 6 Information
Room Type: Bedroom 2
Room Features: Engineered Hardwood
Room Dimensions: 11x11
Room Level: Main

Room 7 Information
Room Type: Bedroom 3
Room Features: Engineered Hardwood
Room Dimensions: 11x11
Room Level: Main

Other Rooms Information
Rooms Upper: 0
Rooms Main: 7
Rooms Basement: 0
# of Rooms: 7

Laundry Room Information
Laundry Features: Main Level

Fireplace Information
# of Fireplaces: 1
Fireplace Features: Great Room, Woodburning Fireplce

Heating & Cooling
Heating Information: Forced Air

Interior Features
Interior Features: Attic Access
Appliances: Dryer, MicroHood, Electric Oven, Refrigerator, Washer, Water Heater, Water Purifier, Water Softener Owned
Areas Interior: Utility Room

Exterior

Exterior Features
Exterior Features: Barn Pole, Outdoor Fire Pit

Farm Information
Horse Amenities: None

Property Information
Other Equipment: Smoke Alarm
Property Type: Residential
Property Condition: Updated/Remodeled
Has View
Property Sub Type: Single Family Residence

Land Information
Acres: 5-10 Acres

Lot Information
Lot Size Acres: 5
Lot Features: Mature Trees, Trees-Small (Under 20 Ft), Wooded

Utilities

Utility Information
Utility Prim Sewage Disp: Private Sewer
Water Source: Private Well
Electric: 200+ Amp Service
Utilities: Electricity Connected
Solid Waste Information: No
Fuel Information: Propane Leased

Location

School Information
Elementary School: Eminence Elementary School
High School: Eminence Jr-Sr High School
High School District: Eminence Community School Corp

Location Information
Directions: GPS Friendly
Tax Legal Description: S24 T12 R2w Sw Nw 5 A

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,440
Stories: 1.0
Lot Size: 5 acres
Style: Single Family Residential
Year Built: 1998
Year Renovated: 1998
County: Morgan County
APN: 55-07-24-100-003.001-002

Home facts updated by county records on Jul 8, 2026

Other

Listing Information
Attribution Contact: bwarfield@callcarpenter.com

Green Information
Green Certification YN: No
Direction Faces: West

Home Information
Foundation Details: Slab
Construction Materials: Brick
Levels: One

Around this home

Schools

Eminence Elementary School

Public PreK-5 • Assigned • 5.0mi

7/10

Eminence Jr-Senior High School

Public 6-12 • Assigned • 5.0mi

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

3/10 Air Factor

2 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Paragon, IN • 46166

Average low and high temperatures (°F)

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

Estimated sale price

$380,000 – $460,000

Sell confidently with a local market expert in Paragon. 3 minutes to get started.

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New listings for sale in 46166

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Home values near 2548 N Letterman Rd

Data from public records.

Address	Redfin Estimate
2510 N Letterman Road, Paragon, IN 3 Beds \| 1.5 Baths \| 2064 Sq. Ft.	$363,372
2820 N Letterman Road, Paragon, IN - Beds \| 2 Baths \| 1920 Sq. Ft.	$226,775

Address	Redfin Estimate
2730 N Letterman Road, Paragon, IN 3 Beds \| 2 Baths \| 2488 Sq. Ft.	$317,062
8778 W Letterman Drive, Paragon, IN 2 Beds \| 1 Baths \| 2016 Sq. Ft.	$270,710

Address	Redfin Estimate
2384 N Letterman Road, Paragon, IN 4 Beds \| 1 Baths \| 1654 Sq. Ft.	$199,806
8760 W Letterman Drive, Paragon, IN 2 Beds \| 2 Baths \| 1232 Sq. Ft.	$233,507

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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