Welcome to 101 Letterman Rd., a rare opportunity to own nearly 80 acres spread across three parcels. This property offers an ideal mix of wooded acreage with logging potential, making it perfect for hunting, recreation, or future investment. The home is tucked back off the road, providing plenty of peace and privacy. Inside, you'll find a cozy 2-bedroom layout with the possibility of a 3rd bedroom upstairs (no closet). Whether you're looking for a private retreat, a hunting property, or a place to simply call home, this one checks all the boxes.
Sold
$685,000
101 S Letterman Rd, Paragon, IN 46166
2beds
1,845sqft
Residential, Single Family Residence
Built in 1920
77.5 Acres Lot
$693,600 Zestimate®
$371/sqft
$1,380 Estimated rent
Home value
$693,600
$583,000 - $832,000
$1,380/mo
Zestimate® history
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$1,380/mo
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$3,187/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: December 05, 2025 at 06:26am
Listing Provided by:
John Jones II 317-374-9433,
The Modglin Group
Bought with:
Maria Ridenour
Ridenour Real Estate Services,
Source: MIBOR as distributed by MLS GRID,MLS#: 22057566
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 2
- Level: Upper
- Area: 180 Square Feet
- Dimensions: 15x12
Bonus room
- Level: Upper
- Area: 195 Square Feet
- Dimensions: 15x13
Family room
- Level: Main
- Area: 192 Square Feet
- Dimensions: 16x12
Kitchen
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Living room
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16x13
Heating
- Propane, Wood Stove
Cooling
- Central Air
Appliances
- Included: Dryer, Microwave, Electric Oven, Refrigerator, Washer
Features
- High Speed Internet, Eat-in Kitchen
- Has basement: Yes
Interior area
- Total structure area: 1,845
- Total interior livable area: 1,845 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One and One Half
- Stories: 1
- Has view: Yes
- View description: Trees/Woods, Rural, Forest
Lot
- Size: 77.50 Acres
- Features: Not In Subdivision, Rural - Not Subdivision, Mature Trees, Wooded
Details
- Additional structures: Storage
- Parcel number: 550736400015000018
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block, Crawl Space, Slab
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Septic Tank
- Water: Well, Private
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Paragon
- Subdivision: No Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2025 | Sold | $685,000-7.4%$371/sqft |
Source:  MIBOR as distributed by MLS GRID #22057566 Report a problem | ||
| 10/31/2025 | Pending sale | $739,900$401/sqft |
Source: MIBOR as distributed by MLS GRID #22057566 Report a problem | ||
| 9/11/2025 | Listed for sale | $739,900$401/sqft |
Source: MIBOR as distributed by MLS GRID #22057566 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $629 +15% | $171,700 +11.5% |
| 2023 | $547 +45.2% | $154,000 +5.8% |
| 2022 | $376 +15.2% | $145,600 +22.4% |
Find assessor info on the county website
Neighborhood: 46166
Nearby schools
GreatSchools rating
- 2/10Paragon Elementary SchoolGrades: PK-4Distance: 2.2 mi
- 7/10John R. Wooden Middle SchoolGrades: 6-8Distance: 8.1 mi
- 4/10Martinsville High SchoolGrades: 9-12Distance: 8.9 mi
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Estimated market value
$693,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$693,600
- Indiana
- Morgan County
- Paragon
- 46166
- 101 S Letterman Rd