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June 18, 2014

$8 million Miami County mansion on the market

Miami County estate could be the priciest luxury home being marketed in Indiana

PERU — Carriage Manor Estate, or the “Wallick mansion” as it’s known by locals, is like one of those houses you see on TV shows documenting the high life of the rich and famous — except it’s not located in Beverly Hills, New York or even Indianapolis.

It’s in rural Miami County.

Located on a sprawling 145 acres with two huge ponds, the property at 3413 S. Wallick Road just south of Peru boasts a 13,000-square-foot mansion, a 2,500-square-foot business office and a 5,300-square-foot guest home and auto pavilion big enough for eight cars and a motor coach.

And it can all be yours. That is, if you happen to have $8 million lying around, or you can manage a more than $30,000 monthly mortgage payment.

The historic estate was put on the market earlier this year.

The three-story mansion, which contains 11 rooms, 11 full bathrooms and seven bedrooms, was originally built in 1926 by local business tycoon Rutherford Wallick — the namesake of the road that bisects the property.

Wallick made his fortune as the founder and owner of American Stationery based in Peru, as well as a side business growing nuts and fruit on the acreage around the mansion.

Wallick passed away in 1962 at the age of 95. When his wife, Dora, passed away in 1967, the property was willed to William and Mary Shewman. They sold the place in 1985 to Timothy and Cindy Kline, who made millions through Amway.

Now, the property is back on the market as one of the most high-end luxury estates in Indiana.

According the Luxury Portfolio International, which has listings for more than 150 multi-million dollar homes, the Miami County mansion is by far the most expensive piece of property being marketed right now in the state.

The next closest is a $4.3 million house that sits on 48 acres near Zionsville.

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