# E State Road 38, New Castle, IN 47362 > **TL;DR:** land, $449,900. Est. $2,406/mo. Listed 54 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $449,900 | | Lot Size | 1,756,339 sqft (40.32 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 54 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,275 | | Estimated Insurance | $131 | | **Total** | **$2,406** | ## Nearby Schools - **Elementary:** Wilbur Wright - **Middle:** New Castle - **High:** New Castle ## Property Highlights - 40.32 acre lot ## Description ### Agent Description Discover the opportunity to own approximately 40 acres of agricultural land on the east side of New Castle, offering a rare combination of open space, road frontage, accessibility, and development potential. The property features a beautiful old barn that adds character and charm while providing useful storage or potential for a variety of future uses. With road access from both 31st Street and E. State Rd. 38, this property offers excellent accessibility and flexibility. Whether you're looking for a private mini farm, a peaceful homestead, an investment property, or land with potential for future residential development or commercial activity, this property presents a multitude of possibilities. The acreage is currently planted in crops, which are expected to be harvested this fall. After harvest, the new owner will have the opportunity to envision and develop the property to suit their needs. Located just east of New Castle, this property combines the appeal of rural living with convenient access to town. ## Location - **Address:** E State Road 38, New Castle, IN 47362 - **County:** Henry County - **Coordinates:** 39.92848475, -85.34583418 - **Google Maps:** https://www.google.com/maps?q=39.92848475,-85.34583418 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/irmls/202636402 ## Listing Agent - **Name:** Mike McKown - **Brokerage:** Crossroads Real Estate Management LLC - **Broker Phone:** (765) 521-9464 ## Photos ![E State Road 38 - Photo 1](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f2770698147r.jpg) ![E State Road 38 - Photo 2](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f2590281027r.jpg) ![E State Road 38 - Photo 3](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f3644140233r.jpg) ![E State Road 38 - Photo 4](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f1062103456r.jpg) ![E State Road 38 - Photo 5](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f681720452r.jpg) ![E State Road 38 - Photo 6](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f2923498812r.jpg) ![E State Road 38 - Photo 7](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f3185713603r.jpg) ![E State Road 38 - Photo 8](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f3147047053r.jpg) ![E State Road 38 - Photo 9](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f1444485351r.jpg) ![E State Road 38 - Photo 10](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f279943022r.jpg) ![E State Road 38 - Photo 11](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f1436549439r.jpg) ![E State Road 38 - Photo 12](http://lh.rdcpix.com/7ff149d78b70871e9252de42990d642cl-f2562816464r.jpg) --- **MLS#:** 202636402 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/e-state-road-38-new-castle-in-47362-00f3621db4804e94b49d3b0ee787d026) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/e-state-road-38-new-castle-in-47362-00f3621db4804e94b49d3b0ee787d026#listing", "url": "https://staging.propertysimple.ai/listing/e-state-road-38-new-castle-in-47362-00f3621db4804e94b49d3b0ee787d026", "name": "E State Road 38, New Castle, IN 47362", "description": "Discover the opportunity to own approximately 40 acres of agricultural land on the east side of New Castle, offering a rare combination of open space, road frontage, accessibility, and development potential. 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