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Land with Home for Sale in Mooresville, Indiana

778 W Gasburg Ln, Mooresville, IN 46158

$550,000
7.29 acres
Active sale
$30k drop
Est $3,241/mo

Near the end of a pretty gravel lane is this rustic log home on a serene 7.3ac mix of woods and open field. Built like a fortress, the custom home is tucked back in the trees, with a beckoning covered front porch overlooking the barn and field, plus a screened porch in back to enjoy the wooded views. Framed in native timber, to enhance the primitive feel, the single-owner home has delightful wood floors, walk-in closets, newer geothermal components, and attached 2 car garage. The two-story stone fireplace is a particularly stunning feature in the great room. 50x60 dynamic outbuilding with electric and its own driveway, includes an insulated shop, two additional garage bays, huge upstairs finished workspace, several sizable stalls, tack room, tool room, and hay loft too! Explore the woods, cross the ravine on the foot path over the culvert, and sit in peace on the other ridge. A few acres of open field could form paddocks, or just make great romping grounds to throw a ball. Small pond. An old "blacksmith" shop and mini barn are ready for some tlc too but add to the overall charm of the entire delightful property. Best not to enter the old structure in the SW corner as it's seen better days. A bit of effort will update this cool place to your taste and meet your every desire! High speed internet available.

2,688
Sq feet
3
Beds
2
Full baths
1987
Built

Location

Street address
778 W Gasburg Ln
Zip code
46158
School district
Monroe-Gregg School District
Elevation
778 feet
Coordinates
39.5734, -86.4471

Directions

From SR 42, go south on Gasburg ROAD, turn right/west on Gasburg LANE. Home is near end of the lane on the right. Asphalt drive goes back to house. Gravel loop to barn.

Property details

Acreage
7.286 acres
MLS #
MIBOR 22115866
Posted

Property taxes

2025
$2,688

Parcels

  • 550508300019000016

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Parking
Garage
Structures
Outbuilding, Storage
Features
Barn Mini

Structure

Style
Rustic
Stories
2
Water
Private
Heating
Geothermal
Cooling
Central Air
Materials
Log

Interior

Room Count
7
Rooms
Bathroom x 2, Bedroom x 3, Dining Room, Great Room
Flooring
Hardwood
Fireplaces
Yes
Appliances
Dishwasher, Gas Oven, Refrigerator
Features
Paddle Fan, Walk-In Closet(s)

Nearby schools

NameTypeDistrict
Monrovia Elementary SchoolElementaryMonroe-Gregg School District
Monrovia Middle SchoolMiddleMonroe-Gregg School District
Monrovia High SchoolHighMonroe-Gregg School District

Listing history

DateEventPriceChangeSource
Oct 16, 2026Price drop$550,000$30,000 -5.2%MIBOR
Sept 30, 2026Price drop$580,000$20,000 -3.3%MIBOR
Aug 24, 2026Back on market$600,000—MIBOR
Aug 6, 2026Under contract$600,000—MIBOR
July 24, 2026New listing$600,000—MIBOR
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This 7.286-acre property is located at 778 W Gasburg Ln in Mooresville, IN 46158. The property is available for sale, priced at $550,000. It has a 2,688 square foot 3-bedroom, 2-bath house built in 1987.

Listed by Carpenter, REALTORS, (800) 630-1727

Checked 1 hour agoUpdated Source

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