$119,900
OPEN MON 5PM - 7PM

108 W 5th St Lapel, IN 46051

Estimated payment $654/month

Total Views 1,141
3 Beds
1 Bath
952 Sq Ft
$126 Price per Sq Ft

Highlights

  • Hot Property
  • Traditional Architecture
  • Covered Patio or Porch
  • Updated Kitchen
  • No HOA
  • 2 Car Detached Garage

About This Home

Great investment opportunity in the heart of Lapel! This 3-bedroom, 1-bath home offers solid exterior updates and tons of potential for the right buyer. Major improvements include a newer roof (2023), updated siding (2023), and a brand-new walk-in shower installed in 2024. A charming covered front porch adds to the curb appeal and provides a relaxing spot to enjoy this small-town setting. Inside, the home is ready for your vision and TLC to bring it back to life. The crawl space will require structural repairs, making this a perfect project for investors, flippers, or anyone looking to build equity with some renovation work. Located in the desirable Lapel community, this property puts you close to local schools, parks, and all the charm this hometown has to offer. With the big-ticket exterior items already done, this is your chance to transform this home into something truly special.

Listing Agent

Heather Upton

Keller Williams Indy Metro NE License #RB14047452 Listed on: 12/04/2025

Keller Williams Indy Metro NE

Co-Listing Agent

Brad Stoner

Keller Williams Indy Metro NE License #RB25000278

Open House Schedule

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $297

Year Built

  • Built in 1920

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Paddle Fans

Kitchen

  • Updated Kitchen
  • Electric Oven

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Lapel Middle School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • 6,700 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 008
  • Assessor Parcel Number 481028402007000032

Home Details

Home Type

Single Family

Est. Annual Taxes

$297

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1920
  • Building Area Total: 952
  • Co List Office Phone: 317-564-7100
  • Garage Y N: Yes
  • Lot Size Acres: 0.15
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: OpenHouse

Interior Features

  • Basement: No
  • Appliances: Dryer, Gas Water Heater, Electric Oven, Refrigerator, Washer
  • Levels: Two
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Paddle Fan, Wood Work Painted, Wood Work Stained
  • Living Area: 952
  • Areas Interior: Laundry in Unit
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 672
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Some Updates
  • Upper Level Sq Ft: 280

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Covered

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached, Gravel
  • Fuel: No Fuel Source

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling: Wall Unit(s)
  • Electric: 100 Amp Service
  • Heating: Natural Gas
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Lapel Middle School

Lot Info

  • Lot Features: Not Applicable
  • Property Attached Yn: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 6700
  • Parcel Number: 481028402007000032
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 297.44
  • Tax Lot: 008
  • Semi Annual Property Tax Amt: 148.72
  • Tax Exemption: None

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $297 $44,000 $12,600 $31,400
2024 $297 $44,000 $12,600 $31,400
2023 $287 $40,600 $12,000 $28,600
2022 $311 $39,500 $11,500 $28,000
2021 $293 $37,100 $11,500 $25,600
2020 $304 $35,600 $11,000 $24,600
2019 $250 $31,000 $11,000 $20,000
2018 $258 $29,200 $11,000 $18,200
2017 $242 $29,100 $11,000 $18,100
2016 $238 $29,100 $11,000 $18,100
2014 $249 $28,500 $11,000 $17,500
2013 $249 $28,500 $11,000 $17,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2025 12/04/25 For Sale $119,900 -- $126 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22075535

MIBOR Broker Listing Cooperative®

APN: 48-10-28-402-007.000-032