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$500,000 Just Listed
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Property Description
Private equestrian-ready farm on 17.7 acres offering a versatile blend of open ground and mature woods ideal for horses, hobby farming, or country living. The mostly level acreage provides ample space for pastures, riding, and future expansion. A 3-bedroom, 2-bath ranch home with 1,680 sq ft offers comfortable one-level living with a spacious layout and cozy fireplace. Features a large barn and additional 54'x91' Morton Steel outbuilding with electric & water, well-suited for indoor riding arena, stalls, tack, hay storage, equipment, or workshop use. A private pond enhances the setting and provides a peaceful backdrop for outdoor enjoyment. With electric and water on site, paved road access, and agricultural classification, this property offers flexibility for a variety of uses. Conveniently located yet privately tucked away, it's the perfect place to live, ride, and grow.
Full Property Details
Full Property Details for 8151 State Road 48
General
- Price: $500,000
- Status: Active
- Type: Farm
- Source: Cincinnati
- MLS ID: 1874818
- Updated: 4/30/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: Natural Woodwork
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Brick, Wood-Burning
- Appliances: Dishwasher, Electric Cooktop, Oven/Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom: Tub w/Shower, Other
- Bathroom 1: Full, Level 1
- Bathroom 2: Full, Basement
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: Wall-to-Wall Carpet, 12 x 11, Level 1, 132 Sq. Ft.
- Bedroom 2: 12 x 10, Level 1, 120 Sq. Ft.
- Bedroom 3: 12 x 10, Level 1, 120 Sq. Ft.
Other Rooms
- Living Room: Walk-Out, Wood Floor, 19 x 12, Level 1, 228 Sq. Ft.
- Family Room: Wall-to-Wall Carpet, 20 x 16, Level 1, 320 Sq. Ft.
- Kitchen: Eat-In, Vinyl Floor, Walk-Out, 18 x 12, 18x12, 216 Sq. Ft.
- Dining Room: Walk-Out, Fireplace, WW Carpet, 24 x 12, Level 1, 288 Sq. Ft.
- Laundry: 12 x 10, Basement, 120 Sq. Ft.
Additional Information
- Other Features: Other
Parking
- Garage: Yes
- Garage Spaces: 1
- Carport Spaces: 1
- Parking: Off-Street Parking, Driveway
- Garage Description: Oversized, Front
Location
- Area: Manchester
- County: Dearborn
- Township: Manchester Twp
- Suburb: Manchester
- Driving Directions: SR1 to Preble, Left on Kaiser, Right on SR48
School Information
- School District: South Dearborn Com S
- High School District: South Dearborn Com S
Community
- Home Owners Assn.: False
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Oil, Forced Air
- Heating Fuel: None
- Water Heater: Electric
Utilities
- Sewer: Septic Tank
- Water: Public
Structural Information
- Architectural Style: One Story Ranch
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Full, Unfinished, Walk-Out
- Foundation: Block
- Roof: Shingle
- Windows: Vinyl
- Stories/Levels: One
- Square Feet: 3,600
- Year Built: 1962
Additional Structures
- Other Structures: Equestrian Arena, Horse Barn
Lot Features
- Property View: Lake/Pond, Woods
- Lot Size (Acres): 17.701
- Lot Dimensions: 280 x 1250
- Frontage: State Highway
- Topography: Rolled
- Land Use: Horse
- Trees/Vegetation: Wooded-Partial
- Zoning: Residential
- Lot Description: 10 to 19 Acres
Farm Information
- Farm Description: Farm w/House
Financial Considerations
- Semi-Annual Taxes: $1046
Disclosures and Reports
- APN: 15-05-34-400-030.000-019
Listed by RE/MAX Preferred Group (513) 574-0600, Dan Day (513) 574-0600
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Schools
Schools serving 8151 State Road 48
School District:South Dearborn Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Manchester Elementary School, Aurora, IN 9387 Sr 48, Aurora, IN 47001 | K-6 | 1.4 mi |
Aurora Elementary School 6098 Squire Place, Aurora, IN 47001 | PK-6 | 5.5 mi |
Dillsboro Elementary School 13200 North Street, Dillsboro, IN 47018 | K-6 | 9.8 mi |
South Dearborn Middle School 5850 Squire Place, Aurora, IN 47001 | 7-8 | 5.6 mi |
South Dearborn High School 5770 Highlander Place, Aurora, IN 47001 | 9-12 | 5.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8151 State Road 48
Date
Details
Price
Change
Source
4/30/2026
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8151 State Road 48
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,888
-10%
$220,200
3%
2024
$2,093
—
$213,500
8%
2023
$2,083
-10%
$197,900
-8%
2022
$2,315
5%
$214,300
4%
2020
$2,196
-7%
$206,000
-10%
2019
$2,363
30%
$229,300
17%
2018
$1,817
14%
$195,900
13%
2017
$1,593
9%
$173,400
10%
2016
$1,468
—
$157,300
—
2016
$1,468
—
$157,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8151 State Road 48
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