407 S Penn Street Fairmount, IN ^$ 50,000

407 S Penn Street

^$ 50,000

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407 S Penn Street

Fairmount, IN, 46928

^$ 50,000

Studio Baths0.0

Monthly Estimate*

^$ 312

407 S Penn Street, Fairmount, IN 46928 - Image 1

407 S Penn Street, Fairmount, IN 46928 - Image 2

407 S Penn Street, Fairmount, IN 46928 - Image 3

407 S Penn Street, Fairmount, IN 46928 - Image 4

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Studio

Lots and Land for sale in Fairmount, IN

for $50,000.

Investor and builder opportunity in Fairmount! This sale includes two adjoining parcels sold together for one price. The first lot, 134'x127'x273', features an existing home that is best suited for removal, allowing a fresh start for new construction or redevelopment. The second lot, 108'x132', is a cleared, build-ready spaceâideal for expansion, additional builds, or creative projects. With both parcels included, this package offers excellent value and flexibility for your next project.

Lots and Land Active

Price

^$ 50,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 2,754

Style

Residential Land

Town/City

Fairmount

County/Region

Grant

MLS | Web ID

202534776

Features

General

Road Frontage City

Status Active Active

Parking Street

Subdivision None

Township Fairmount

Class LOTS AND LAND

Present Use Residential

Type Residential Land

REO No

Status Detail 0

Area Grant County

Location City

High School Madison Grant

City Fairmount

School District Madison-Grant United School Corp

Elementary School Park

Middle School Madison Grant

Legal Description 24-08-1914; Thru 1916; Lots 1 2 & 3 Blk 20 Huntington Pk Add. (and) Lots 114 & 115 & Alley Vac S m & NS Add.

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202534776

Agent First Name Paul

Agent Last Name Wyman

DOM 101

Tax Year 2024

Exterior

Road Surface Asphalt

Road Access City

Lot Dimensions 1x1

Fence None

Waterfront Y/N No

Interior

Fuel Type Available

* Excluded Features

List By

Paul Wyman

Listing Agent

The Wyman Group

Broker

pwyman8@aol.com

Affordability Calculator

$541

Per Month

Monthly Principal & Interest: $312
Monthly Property Taxes: $230
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Fairmount, IN

Average List Price ^$72,000

Percent of Sale Price 44%

About Fairmount, IN

2,724 Population

-8% Since 2002

^$47,494 Median Income

42.46 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1236013 Elementary School

1235731 Middle School

Madison Grant High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/29/2025	$50,000		Listed Price

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407 S Penn Street, Fairmount, IN, 46928 is a Lots and Land for sale at $50,000. 407 S Penn Street is a studio with 0.0 baths. The property's zip code is 46928 which is in Fairmount, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/14/2025.

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407 S Penn Street

Lots and Land for sale in Fairmount, IN

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