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(SOLD) $91,000

505 S Elm Street Nappanee, IN  46550

  • 2 Beds
  • 1 Baths
  • 1,056 sq. Ft

Property Description for 505 S Elm Street Nappanee, IN 46550

Embrace the opportunity to transform this dwelling into your home! While it needs a bit of love, its full of potential. Owners have taken care of updating plumbing and main floor electrical in last 2 years and updated bathroom. The spacious main floor provides plenty of living space, while the large backyard and back deck offer the perfect spot for outdoor enjoyment and entertaining. Don't miss out on this chance to invest in this home with all its potential!

Address:505 S Elm Street Nappanee IN 46550
Status:Sold
Sold On: 2/7/2024
Price:$95,000
Bedrooms:2 Beds
Bathrooms:1 Full Baths
Sq. Feet:1,056
Year Built:1900
Lot Size:0.20
County: Elkhart County
Township: Union
School System : Wa-Nee Community Schools
MLS #:202401323
Property Type:Site-Built Home

Lot Dimensions:66X132
Lot Description:Level
Directions:From US 6 and SR 19 head south on SR 19, turn left onto E Randolph Street, turn right onto S Elm Street, house is on the left.
Total Sq. Ft. :1,056
Basement:No

Loan Price
$675
Price And Interest $475/month
Property Tax $162/month
MTG INS $0/month
HOME INS $38/month
Price
$91,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$162/month
Home Owner Insurance
$456 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Master Bedroom 13 x 10 Main
2nd Bedroom 11 x 12 Upper
Kitchen 12 x 11 Main
Dining Room 14 x 12 Main
Living Room 13 x 12 Main

Semi-Annual Property Tax:$970
Tax Year:2023 pay 2024
Mandatory HOA Fee:$

Subdivision: None
Zip Code:46550

High School:NorthWood
Middle School:NorthWood
Elementary School:Nappanee

Total Sq. Ft.:1,056
Appliances:Refrigerator, Oven-Gas
Exterior Features:Vinyl
Fuel:Gas, Wall Heater
Cool:Window
Heat:Gas, Wall Heater
Total Rooms:7

Schools in 505 S Elm Street Nappanee, IN  46550


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Listing provided courtesy of Scott Gingerich with The Gingerich Group

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.



Nappanee Market Report

75
Avg. DOM
$163.94
Avg. $ / Sq.Ft.
$ 232,200
Med. List Price

The house prices in Nappanee are indeed dropping at the moment. There has been a decrease in price of $76,133.33. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Nappanee are going Down. The average house price is $225,000.00 and the average price per square feet is $165.35 per square feet. At the moment, the amount of homes listed is exactly 57 houses, with 9 with active status, 5 with pending status and 43 sold in Nappanee .

The most popular place to buy a home in Nappanee is . is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Nappanee .

The average amount of property taxes you would have to pay for a home in Nappanee is $2,426.52. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Nappanee are staying listed for an average of 54 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Nappanee was 1290 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Nappanee is $349,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Nappanee is $68,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Nappanee in year 1900 and the newest built house is in year 2005.

The average size of properties in Nappanee is 1372.33 sq.ft. , the biggest one being 1955 sq.ft. and the smaller being 882 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.