Listing courtesy of Dyer Homes, LLC · Listing agent: Shelly Dyer · Cell: 765-210-8495

Virtual tour
ActiveSite-Built Home

1948 S 300 E

$454,900

$191.94 / sq ft

Est. $2,719/mo

Peru, IN 46970-8900

Original price $494,900 · Price reduced on September 26, 2026

  • On Mississinewa River
  • 9.5 acres
  • 2-car garage
  • Fireplace
Bedrooms
4
Bathrooms
2
Living area
2,370 sq ft
Lot
9.48 ac
Year built
1974
Type
Site-Built Home
Listed
August 1, 2026
MLS #
202631268

About this home

A Hunter's & Fisherman's Paradise on the Mississinewa River! Tucked into nearly 10 wooded acres along the banks of the Mississinewa River, this Rustic Retreat is a True Outdoor Lover's Dream! With 4 Bedrooms—including a Lofted Bedroom and 25-Foot Vaulted Ceilings—this Home Beautifully Blends Rugged Charm with Thoughtful, Modern Updates. A Brand-New Addition offers Two Spacious 15x14 bedrooms, Plus a Large Bathroom Featuring a Double Vanity. A cozy Nook adds a Flexible Bonus Space—perfect for a Reading Corner, Home office, or Extra Storage. The Open-Concept Kitchen, includes a Brand New Double Oven and Gas Cooktop, Modern Frosted Glass Front Black Upper Cabinets and Sage Lower Cabinets and Flows Seamlessly into the Living and Dining Areas. This Home Showcases Beautiful Western Red Cedar Walls throughout, and the Wraparound Porch invites you to Soak in the Sounds of the River and Surrounding Woods from every Angle. Outdoor Enthusiasts will love the Detached Two-Car Garage Complete with a Dedicated Fish and Game-Cleaning Station Above—Perfect for Turning the Day's Catch into Dinner! Watch Deer and wildlife move through the Trees, or Wade out to the Small Island in the River, when Water Levels Run Low. THe Additional Acre of River Frontage across the street—Complete with its Own Island—Is a Very Unique Characteristic of this Property! This property has been well updated within the Last Four to Six years. Two on-Demand Water Heaters, New Plumbing, New Insulation, and a Crawl Space Vapor Barrier were Installed. The Lofted Bedroom also has plumbing installed for a bathroom. Whether you're casting a line, hunting the woods, or simply enjoying the quiet of nearly 10 private, wooded acres, this one-of-a-kind riverside property offers a rare combination of seclusion, recreation, and comfort.

Monthly payment estimate

$2,719/mo

Principal & interest
$2,490
Property taxes
$96
Homeowners insurance
$133
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Levels
One and One Half
Total rooms
6
Total area
2,370 sq ft
Finished area above grade
2,370 sq ft
Bedrooms above grade
4
Full baths, main level
2
Basement
Crawl Space
Heating
Electric, Propane, Heat Pump
Cooling
Central Air
Fireplaces
1
Fireplace features
Living/Great Rm
Laundry
Main Level
Interior features
Breakfast Bar, Vaulted Ceiling(s), Walk-In Closet(s), Eat-in Kitchen, Main Floor Laundry, Garage Utilities

Exterior & parking

Construction
Wood Siding
Roof
Shingle
Garage spaces
2
Attached garage
No
Garage type
Detached
Garage sq ft
864 sq ft
Parking
Gravel
Private pool
No
New construction
No

Waterfront & lake

Waterfront
Yes
Body of water
Mississinewa River
Water access
Riverfront
Water frontage
250 ft
Water feature
River

Lot

Lot features
Heavy Woods, Irregular Lot, Sloped, Waterfront, 6-9.999
Lot size (acres)
9.48 ac
Lot dimensions
485 x 540
Location type
Rural
County
Miami County
Township
Washington
Platted
Yes
Planned unit development
No
Directions
State Road 124 to 300 E. The Property is on the Right Side Around the second set of Curves.

Schools

Elementary school
Pipe Creek/Maconaquah
Middle school
Maconaquah
High school
Maconaquah
School district
Maconaquah School Corp.

Taxes & terms

Annual taxes
$1,150
Tax year
2026
Assessed value
$261,200
Tax exemptions
Homestead, Mortgage
Listing terms
Cash, Conventional, FHA, USDA Loan, VA
Possession
30 Days after Closing
Parcel number
52-08-36-300-009.000-021

Included in the sale

Included in sale
Dishwasher,Microwave,Refrigerator,Oven-Double,Range-Gas

Utilities

Water
Well
Well
Shared
Sewer
Septic Tank
Electric provider
Peru Utilities

Income & commercial

Gas meters
14

Location

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