115 W State Road 38

Pendleton, IN 46064

$2,800,000
Price
1,189,623 / 27.31
Lot Size / Acres

Description

Don't miss out on this outstanding equestrian facility in Pendleton, IN! Down a long driveway off the main road sits a beautiful home and several excellent support buildings on 27.31 +/- acres. A property you won't find anywhere else with its charm and facilities providing many opportunities for country living and equestrian needs. This unique home was built in 1879 with a total of 2,434 sqft. It has 4 bedrooms, 2 bathrooms, and an unfinished 1,000+ sqft basement. The kitchen is a gathering spot...Don't miss out on this outstanding equestrian facility in Pendleton, IN! Down a long driveway off the main road sits a beautiful home and several excellent support buildings on 27.31 +/- acres. A property you won't find anywhere else with its charm and facilities providing many opportunities for country living and equestrian needs. This unique home was built in 1879 with a total of 2,434 sqft. It has 4 bedrooms, 2 bathrooms, and an unfinished 1,000+ sqft basement. The kitchen is a gathering spot in this home with its open space and high-end appliances. Outside relax on the porch next to the inground heated pool and pool house. This property not only has the main home, but two other fully functional guest homes, and a 24' by 24' heated detached 2 car garage. Walk around this facility and you will find several high end barns and stables. Many paddocks, pastures, and arenas for equestrian training ready for its new owner. Take notice of the useful barns available. 1. A new 60' x 176' indoor riding arena with grandstands and judging platform. 2. A 60' x 80' horse barn that has 12 stalls, tack room, and storage space. 3. A 36' x 48' barn with 5 horse stalls. 4. A handy storage, feed, and equipment barn with 4 horse stall and tack storage. 5. The original arena and stall location with a unique feel and design! Added in recent years is the outdoor arena with lighting, allowing for late evening and night training. A professionally lit outdoor arena, perfect for evening riding sessions and events. Additional Equestrian Amenities: 21 paddocks, round pen, stable areas, trailer storage, and more!
  1. Listed by Caleb Cleek • Jeff Boone Realty, LLC
  2. Listed by Terry Sheets • Jeff Boone Realty, LLC

Property Details for 115 West State Road 38

Architectural Style
Italianate
Subdivision Name
No Subdivision
Township
Fall Creek
Waterfront
No
LISTING UPDATED: 10/08/2025 07:06 PM

Property Details for 115 West State Road 38

StatusActive
MLS #22043463
Days on Market204
Taxes$7,810 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeFarm / Residential
Year Built1879
Lot Size27.31 AC
CountyMadison County

Location

Listing Courtesy of Jeff Boone Realty, LLC
Add your commute

Building Information for 115 West State Road 38

Building Size-Lot Size27.31 AC

Payment Calculator

$15,137 per month

30 year fixed, 6.28% Interest

Principal and Interest

$13,836

Property Taxes

$1,302

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 115 West State Road 38

Summary
Location and General Information
  • City: Pendleton
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46064
  • Postal Code Plus4: 9585
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 481425100005000012
  • Semi Annual Property Tax Amt: 7810
  • Tax Exemption: None
  • Tax Year: 2024
  • Additional Parcels Description: 481425100003000012
  • TaxLot: 481425100005000012
School Information
  • High School: Pendleton Heights High School
  • Middle Or Junior School: Pendleton Heights Middle School
  • School District: South Madison Com Sch Corp
Parking
  • Garage YN: Yes
  • Garage Spaces: 2.0
  • Garage SqFt: 576
Property
Lot Information
  • Acreage: >20 Acres
  • Lot Description: Mature Trees, Trees-Small (Under 20 Ft)
  • Lot Size Square Feet: 1189623.0
  • Lot Size Acres: 27.31
  • Main Level SqFt: 1433
  • New Construction: False
  • Living SqFt: 1001.0
  • Sqft Total: 2434.0
  • Sq Ft Total: 3435.0
  • Year Built Numeric: 1879
  • Below Grade Finished Area: 0.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: Ne 25/18/7 (19.519Ac) & Ne Adm Plat 06-221 7.793 Ac 7.7930Acres Str: 25187 Section: Plat: In: Out:
  • Photos Count: 69
  • Property Attached: No
  • Property Sub Type: Farm
  • Property Type: Residential
  • Transaction Type: Sale
Utilities
  • Solid Waste: No
  • Water Source: Private, Other
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stone, Vinyl Siding
  • Foundation Details: Concrete Perimeter, Stone
  • Fuel: Propane Leased
  • Pool Private: Yes
  • Horse Amenities: None, Arena, Barn, Boarding Facilities, Pasture, Stable(s), Tack Room, See Remarks
  • Pool Features: Heated, In Ground
Interior Features
  • Accessibility Features: No
  • Appliances: Dishwasher, Disposal, Microwave, Double Oven, Range Hood, Refrigerator
  • Basement Description: Unfinished
  • Basement YN: Yes
  • Cooling: Central Air
  • Eating Area: Dining Combo/Kitchen, Separate Room
  • Fireplace Features: Gas Log
  • Fireplaces Total: 2
  • Heating: Forced Air
  • Interior Features: Attic Access, Attic Stairway, Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Vaulted Ceiling(s), Kitchen Island, Paddle Fan, Hardwood Floors, Hi-Speed Internet Availbl, Eat-in Kitchen, Wired for Data, Smart Thermostat, Storage, Wired for Sound
  • Levels: Two
  • Room List: Living Room, Dining Room, Kitchen, Laundry, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Hearth Room
  • Room and Features: Living Room-Main, Dining Room-Main, Kitchen-Main, Laundry-Main, Primary Bedroom-Main, Bedroom 2-Upper, Bedroom 3-Upper, Bedroom 4-Upper, Hearth Room-Main
  • Main Level Bedrooms: 1
  • Num Bedrooms Upper: 3
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 9
  • Rooms Total MU: 9
  • Total Rooms: 9
Room 1
  • Room Level: Main
  • Room Dimensions: 15X15
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 17X12
  • Room Type: Dining Room
Room 3
  • Room Level: Main
  • Room Dimensions: 18X13
  • Room Type: Kitchen
Room 4
  • Room Level: Main
  • Room Dimensions: 9X6
  • Room Type: Laundry
Room 5
  • Room Level: Main
  • Room Dimensions: 15X13
  • Room Type: Primary Bedroom
Room 6
  • Room Level: Upper
  • Room Dimensions: 15X15
  • Room Type: Bedroom 2
Room 7
  • Room Level: Upper
  • Room Dimensions: 18X12
  • Room Type: Bedroom 3
Room 8
  • Room Level: Upper
  • Room Dimensions: 15X13
  • Room Type: Bedroom 4
Room 9
  • Room Level: Main
  • Room Dimensions: 18X9
  • Room Type: Hearth Room
Bathrooms
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Count: 2
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 2
  • Full Baths Upper: 1
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 4
  • Bedrooms MU: 4
  • Bedrooms Total: 4

Property History for 115 West State Road 38

DateEvent & SourcePriceAppreciation
Aug 11, 2025

Price Change

MIBORMLS #22043463

$2,800,000—
Jun 6, 2025

Listed (Active)

MIBORMLS #22043463

$3,800,000—
Dec 1, 2024

Expired

MIBORMLS #21999492

—
Dec 1, 2024

Withdrawn

MIBORMLS #21999492

—
Oct 17, 2024

Price Change

MIBORMLS #21999492

$3,800,000—
Sep 2, 2024

Listed (Active)

MIBORMLS #21999492

$2,345,678—
Jul 26, 2024

Expired

MIBORMLS #21934247

—
May 21, 2024

Price Change

MIBORMLS #21934247

$4,450,000—
Jul 28, 2023

Listed (Active)

MIBORMLS #21934247

$4,900,000—
Apr 6, 2018

Sold

MIBORMLS #21528951

$1,300,000—
Mar 20, 2018

Pending

MIBORMLS #21528951

—
Dec 19, 2017

Listed (Active)

MIBORMLS #21528951

$1,250,000—
Nov 29, 2017

Expired

MIBORMLS #21500292

—
Nov 29, 2017

Expired

MIBORMLS #21484272

—
Jul 14, 2017

Listed (Active)

MIBORMLS #21500292

$1,175,000—
May 8, 2017

Listed (Active)

MIBORMLS #21484272

$1,275,000—
May 6, 2017

Expired

MIBORMLS #21397933

—
Feb 6, 2016

Listed (Active)

MIBORMLS #21397933

$1,475,000—
DateEvent & SourcePrice
08/11/2025

Price Change

MIBORMLS #22043463

$2,800,000
06/06/2025

Listed (Active)

MIBORMLS #22043463

$3,800,000
12/01/2024

Expired

MIBORMLS #21999492

—
12/01/2024

Withdrawn

MIBORMLS #21999492

—
10/17/2024

Price Change

MIBORMLS #21999492

$3,800,000
09/02/2024

Listed (Active)

MIBORMLS #21999492

$2,345,678
07/26/2024

Expired

MIBORMLS #21934247

—
05/21/2024

Price Change

MIBORMLS #21934247

$4,450,000
07/28/2023

Listed (Active)

MIBORMLS #21934247

$4,900,000
04/06/2018

Sold

MIBORMLS #21528951

$1,300,000
03/20/2018

Pending

MIBORMLS #21528951

—
12/19/2017

Listed (Active)

MIBORMLS #21528951

$1,250,000
11/29/2017

Expired

MIBORMLS #21500292

—
11/29/2017

Expired

MIBORMLS #21484272

—
07/14/2017

Listed (Active)

MIBORMLS #21500292

$1,175,000
05/08/2017

Listed (Active)

MIBORMLS #21484272

$1,275,000
05/06/2017

Expired

MIBORMLS #21397933

—
02/06/2016

Listed (Active)

MIBORMLS #21397933

$1,475,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 115 West State Road 38

Taxable ValueLand$121,100Additions$1,249,600Total$1,370,700
Tax Record2024$15,621 ($1,302 / month)
Home Facts
Beds3Baths4Total Finished SqFt2,434 SqFtAbove Grade Finished SqFt2,434 SqFtStories2Lot Size850,248 SqFtStyleMiscellaneous ResidentialYear Built1879Year Renovated2005CountyMADISONAPN48-14-25-100-005.000-012Fireplace TypeHas Fireplace

Schools near 115 West State Road 38

This home is within South Madison Com Sch Corp.
Rating
School
Type
Grades
Distance
Pendleton Elementary School
Public - PK to 6
Pendleton Heights Middle School
Public - 7 to 8
Pendleton Heights High School
Public - 9 to 12
Rating
School
Distance
Pendleton Elementary School
PublicPK to 6

Pendleton Heights Middle School
Public7 to 8

Pendleton Heights High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 115 West State Road 38, Pendleton, IN 46064

115 West State Road 38 is a 27.31 ac of land for sale in Pendleton, IN 46064. This property was listed for sale on June 6, 2025 by Jeff Boone Realty, LLC, it's currently listed at $2,800,000. It has been on the market for a total of 204 days and was last sold on April 6, 2018. This listing's school district is South Madison Com Sch Corp. Nearby schools include Pendleton Elementary School, Pendleton Heights Middle School and Pendleton Heights High School. 115 West State Road 38 is a 4-bed, 2-bath, 3,435 sqft 27.31 ac of land built in 1879 on a 1,189,623 sq. ft. / 27.31 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jeff Boone Realty, LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/27/2025 12:44 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.