27940 Indianapolis Rd

Paola, KS 66071

$479,000
Price
5
Beds
1,617 Sq. Ft.
$296 / Sq. Ft.
1,617
Sq. Ft.
$296
per Sq. Ft.

Description

Located in Miami County, between Paola and Ottawa, A conveniently located 40+- Acre property lies perfect for a family compound or an investment. The opportunity to build your dream home and have your family live on the same property in the farmhouse is here. Or rent it out for income! A 1600+ square foot remodeled farmhouse, built in 1900, sits on the northeast corner of the property. With fresh exterior paint and brand new carpet, this home is immediately move in ready. The lower floor includes...Located in Miami County, between Paola and Ottawa, A conveniently located 40+- Acre property lies perfect for a family compound or an investment. The opportunity to build your dream home and have your family live on the same property in the farmhouse is here. Or rent it out for income! A 1600+ square foot remodeled farmhouse, built in 1900, sits on the northeast corner of the property. With fresh exterior paint and brand new carpet, this home is immediately move in ready. The lower floor includes two living rooms, kitchen, bedroom, and a full bath. Up the staircase leads to 4 bedrooms with one of the bedrooms being a prime location to add another bathroom over the kitchen. There is Central Ac along with a propane furnace. The utilities are served by Evergy and Miami County Rural Water #2. The home is surrounded by large hardwood trees for that movie type farmhouse feel and the two porches await a couple chairs and a cup of coffee. The property consists of 40+- acres with a 2000 sqft farm utility building with electric ready for equipment storage or boat storage as 4,580 acre Hillsdale Lake is seemingly right around the corner. Along with a historic 1930’s milk barn. The pasture is fully fenced and cross-fenced if you decide to bring your cows, horses, or want to start a farm. There are plenty of shade trees including a pond for water along with water hydrants. The front hay ground consists of brome, fescue, and clover. Don’t miss out on this opportunity to invest as a short-term rental or a bed and breakfast while you build your own home on the property or bring the family together on one property!
  1. Listed by Aaron Blount • Midwest Land Group

Amenities

  • Air Conditioning
  • Carpet Floors
  • Central AC
  • Corner Lot
  • Crawl Space
  • Detached Parking
  • Washer / Dryer in Unit
LISTING UPDATED: 12/23/2025 03:42 PM

Property Details for 27940 Indianapolis Road

StatusActive
MLS #2563938
Days on Market165
Taxes$2,639 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built-
Lot Size40.00 AC / 1,742,400 SF
CountyMiami County

Location

Listing Courtesy of Midwest Land Group
Add your commute

Building Information for 27940 Indianapolis Road

Stories-Year Built-Building Size-Lot Size40.00 AC / 1,742,400 SF

Payment Calculator

$2,587 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,367

Property Taxes

$220

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 27940 Indianapolis Road

Summary
Location and General Information
  • City: Wellsville
  • County Or Parish: Miami
  • Directions: south on US 169 Highway, west on 68 highway, south on Indianapolis Rd and the property is on the corner.
  • Latitude: 38.62178563
  • Longitude: -95.01161066
  • MLS Area Major: 380 - Miami County, KS
  • Zip Code: 66092
  • State Or Province: KS
  • Subdivision: Wellsville
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: No
  • Tax Special Amount: 0
  • Tax Annual Amount: $2,639.00
  • Parcel Number: 999999
  • Tax Annual Amount: $2,639.00
  • Tax Legal Description: S31, T16, R22, ACRES 38.32, NE4 NE4 Less ROW
School Information
  • High School District: Paola
Parking
  • Garage: No
  • Parking Features: Detached
Owner
  • Ownership: Private
Property
Lot Information
  • Above Grade Finished SqFt: 1,617.00
  • Above Grade Finished Area Source: Public Records
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: Other
  • Living Area: 1,617.00
  • Lot Features: Acreage, Corner Lot, Many Trees
  • Lot Size Area: 40.00
  • Lot Size Source: Public Records
  • Lot Size SqFt: 1,742,400.00
  • Lot Size Units: Acres
Property and Assessments
  • Construction Materials: Wood Siding
  • Documents Count: 2
  • Age Description: 101 Years/More
  • FEMA 100 Yr Flood Plain: No
  • Special Documents Required YN: 0
  • Photos Count: 56
  • Property Attached: No
Utilities
  • Sewer: Septic Tank
  • Water Source: Rural
Interior and Exterior Features
Exterior Features
  • Laundry Features: Main Level
  • Possession: Close Of Escrow
  • Roof: Composition
Interior Features
  • Basement Features: Crawl Space
  • Basement YN: No
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 5
  • Cooling: Electric
  • Central Air YN: Yes
  • Fireplace YN: No
  • Flooring: Carpet
  • Heating: Propane
  • Floors: 2 Stories
  • Room List: Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Room Information
Room
  • Other Room Features: Family Room, Formal Living Room
Room 1
  • RoomType1: Bathroom 1
Room 2
  • Room Type: Bedroom 1
Room 3
  • Room Type: Bedroom 2
Room 4
  • Room Type: Bedroom 3
Room 5
  • Room Type: Bedroom 4
Room 6
  • Room Type: Bedroom 5
Multi Family
Income & Expenses
  • Maintenance Provided YN: No
Rental
Rent Information
  • Deposit: Security 1st

Property History for 27940 Indianapolis Road

DateEvent & SourcePriceAppreciation
Aug 9, 2025

Price Change

HEARTLANDMLS #2563938

$499,977—
Jul 17, 2025

Price Change

HEARTLANDMLS #2563938

$527,797—
Jul 17, 2025

Price Change

HEARTLANDMLS #2563938

$499,977—
Jul 17, 2025

Listed (Active)

HEARTLANDMLS #2563938

$479,000—
May 1, 2007

Sold

HEARTLANDMLS #1360447

—
Jan 16, 2007

Pending

HEARTLANDMLS #1360447

—
Oct 26, 2006

Listed (Active)

HEARTLANDMLS #1360447

$259,900—
DateEvent & SourcePrice
08/09/2025

Price Change

HEARTLANDMLS #2563938

$499,977
07/17/2025

Price Change

HEARTLANDMLS #2563938

$527,797
07/17/2025

Price Change

HEARTLANDMLS #2563938

$499,977
07/17/2025

Listed (Active)

HEARTLANDMLS #2563938

$479,000
05/01/2007

Sold

HEARTLANDMLS #1360447

—
01/16/2007

Pending

HEARTLANDMLS #1360447

—
10/26/2006

Listed (Active)

HEARTLANDMLS #1360447

$259,900

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

Public Records for 27940 Indianapolis Road

Taxable ValueLand$5,576Additions$20,587Total$26,163
Tax Record2025$2,121 ($177 / month)
Home Facts
Beds5Total Finished SqFt1,617 SqFtAbove Grade Finished SqFt1,617 SqFtStories2Lot Size1,669,219 SqFtStyleMiscellaneous ResidentialYear Built1900CountyMIAMIAPN079-31-0-00-00-001.00-0

Schools near 27940 Indianapolis Road

This home is within Paola School District.
Rating
School
Type
Grades
Distance
Cottonwood Elementary School
Public - PK to 2
Sunflower Elementary School
Public - 3 to 5
Paola Middle School
Public - 6 to 8
Paola High School
Public - 9 to 12
Rating
School
Distance
Cottonwood Elementary School
PublicPK to 2

Sunflower Elementary School
Public3 to 5

Paola Middle School
Public6 to 8

Paola 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 27940 Indianapolis Road, Paola, KS 66071

27940 Indianapolis Road is a single family home for sale in Paola, KS 66071. This property was listed for sale on July 17, 2025 by Midwest Land Group, it's currently listed at $479,000. It has been on the market for a total of 165 days and was last sold on May 1, 2007. This listing's school district is Paola School District. Nearby schools include Cottonwood Elementary School, Sunflower Elementary School and Paola Middle School. 27940 Indianapolis Road is a 5-bed, 1-bath, 1,617 sqft single family home.

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 Midwest Land Group

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/28/2025 11:47 PM. 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.