Toni Carter

10227 Lorainne Road

Leopold, IN
$ 550,000 Beds 3 Baths 1 Sq 1,354 Virtual Tour
Monthly Estimate* How much can I afford?

Very special and unique 31-acre property offers opportunities for full-time living, recreation, investment, hunting or a private getaway. The secluded setting provides privacy and is surrounded by abundant wildlife and natural beauty. Property features a 2+ acre stocked lake with a scenic, park-like setting. The land includes established walking and ATV trails, cliffs, rock formations, and creeks with seasonal waterfalls. Woods consist primarily of hardwoods with future timber potential; seller recently completed a light select cut. The home offers 3 bedrooms, 1 full bath, and a full unfinished walk-out basement. Constructed with all-brick exterior and a metal roof, the home has been updated and is move-in ready. Currently used as an Airbnb and office/workspace, but easily adaptable for full-time living. Includes multiple outbuildings and shelter house. A large barn with a massive fireplace provides a great space for gatherings or events. Property was formerly home to Eagle Wings Zipline; existing zipline towers remain but are not currently in use. This property is truly special, so much to take in!!!

Single Family

  • Price
  • $ 550,000
  • City
  • Leopold
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • PERRY
  • Half Bathrooms
  • 0
  • Area
  • Leopold
  • Lot Size
  • 31.182 Acres
  • Zip
  • 47551
  • Sqr Footage
  • 1,354
  • Year Built
  • 1972
  • Taxes
  • $ 3070
  • Style
  • Ranch
  • MLS#
  • 202611690
Listed By: Phyllis LaGrange with Key Associates Signature Realty; Cell: 812-719-4221
Data Source: Indiana Regional MLS (IRMLS)

Features

General

Sewer Septic
Heating Electric,Heat Pump
Kitchen Level Main
Cooling Central Air
Laundry Y/N Basement
Fireplaces No
Amenities Breakfast Bar,Ceiling Fan(s),Countertops-Laminate,Eat-In Kitchen,Foyer Entry,Porch Covered,Stand Up Shower
Status Active
Full Baths 1
Bathrooms 1
Year Built 1972
New Construction No
Subdivision None
Style One Story
Township Leopold
Class RESIDENTIAL
Type Site-Built Home
Age 54
FIPS Code 18123
Associated Document Count 6
REO No
Status Active
Auction Y/N No
Common Amenities None
Dining Room Level Main
Annual Taxes 3070.2
Area Perry County
Location Rural
High School Perry Central
City Leopold
School District Perry Central Community Schools
Assoc. Dues Frequency Not Applicable
Assoc. Restrictions Y/N No
Architectural Style Ranch
Total Sq Ft 2708
Elementary School Perry Central
Middle School Perry Central
Legal Description 003-00002-00 15-5-2 PT SW 26.182A,003-00002-00 15-5-2 PT NW SW 5A
Virtual Tour https://drive.google.com/file/d/1Ve7ADGmDFRqthKVMr6YuSqLU22sSAXqv/view?usp=sharing
Agent First Name Phyllis
Agent Last Name LaGrange
DOM 156
Tax Year 2025
PROPOSED FINANCING Cash,Conventional,FHA,USDA,VA

Interior Features

Basement Full Basement,Walk-Out Basement,Unfinished,Outside Entrance
Flooring Carpet,Laminate,Tile
Kitchen Length 11
Kitchen Width 11
Beds 3
Total Rooms 6
Dining Room Length 12
Dining Room Width 11
Fireplace None
Living Room Width 12
Living Room Length 17
Full Baths Main 1
Total Finished SqFt 1354
Basement Y/N Yes
Above Grade Bedrooms 3
1st Bedroom Level Main
1st Bedroom Width 12
2nd Bedroom Length 12
2nd Bedroom Level Main
2nd Bedroom Width 10
3rd Bedroom Length 12
3rd Bedroom Level Main
3rd Bedroom Width 10
Above Grade Finished SqFt 1354
Below Grade Unfin. SqFt 1354
Living/Great Rm Level Main
Basement Material Block

Exterior Features

Road Surface Gravel
Road Access County
Exterior Brick
Driveway Gravel
Pool No
Lot Size Area 1358288
Lot Dimensions 31.182
Lot Description Heavily Wooded,Irregular,Rolling,Slope,15+,Lake,Wooded
Fence Chain Link,Pet Fence
Well Type Private
Approx. Lot Size Acres 31.182
Off Street Parking Y/N Yes
ROOF MATERIAL Metal
Waterfront Y/N No
Garage Y/N No

Amenities

  • Foreclosure
  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the South Bend, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Perry Central Elementary School
Middle School Perry Central Middle School
High School Perry Central High School

Price History

4/6/2026 Listed $550,000

Property vs Zip Code Average in 47551

Price
AVG $370K
$550K
Taxes
AVG $2,468
$3,070
Year Built
AVG 1945
1972
Visits
AVG 33
47
Data Provided by Inside Real Estate®

Areas That We Cover

10227 Lorainne Road Leopold, IN is a Single Family Home for sale at $550000 with 1354 sqft and a lot size of 31.182 Acres Acre(s). 10227 Lorainne Road Leopold has 3 bedrooms, 1 baths and was built in 1972. The property's zip code is 47551 which is in Leopold, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Toni Carter

Toni Carter

574-888-0019

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