$229,900
SOLD AUG 13, 2025

331 W 5th St Lapel, IN 46051

3 Beds
2 Baths
1,276 Sq Ft
7,344 Sq Ft Lot

Recently Sold

$180 Per Sq Ft

62 Days on Market

Highlights

  • Mature Trees
  • No HOA
  • 1 Car Attached Garage
  • Ranch Style House
  • Formal Dining Room
  • Shed

About This Home

As of August 2025

Welcome to this beautifully maintained 3-bedroom, 2-bath brick ranch home, ideally situated in a quiet, established neighborhood just minutes from charming downtown Lapel. Inside, you'll find a warm and functional layout designed for both comfortable everyday living and effortless entertaining. The kitchen flows seamlessly into the dining room, offering a bright, open space perfect for family meals or hosting guests. The primary suite features a private, attached full bathroom, while the second full bath-shared by the additional bedrooms-has been tastefully updated. Recent improvements include brand new windows installed in February 2025, enhancing both energy efficiency and natural light throughout the home. Step outside to enjoy a spacious, fully fenced backyard with spacious deck and a storage shed. Whether you're enjoying staying in or taking a short walk to nearby shops and restaurants, this home exudes small town charm you won't want to miss. **Some photos are virtually staged **

Last Agent to Sell the Property

Heather Upton

Keller Williams Indy Metro NE License #RB14047452 Listed on: 05/06/2025

Keller Williams Indy Metro NE

Co-Listed By

Hilary Cabiness

Keller Williams Indy Metro NE

Last Buyer's Agent

Daimon Buck

F.C. Tucker Company License #RB17002190

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,687

Year Built

  • Built in 1980

Lot Details

  • 7,344 Sq Ft Lot
  • Mature Trees

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,276 Sq Ft Home
  • Formal Dining Room

Kitchen

  • Electric Oven
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Shed
  • Storage Shed

Schools

  • Lapel Middle School

Utilities

  • Radiant Ceiling

Community Details

  • No Home Owners Association
  • Earle S Cascaddens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 481028402085000032
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,687

Year Built

Built in 1980

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1980
  • Building Area Total: 1276
  • Co List Office Phone: 317-564-7100
  • Garage Y N: Yes
  • Lot Size Acres: 0.17
  • Subdivision Name: Earle S Cascaddens
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Exhaust Fan, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1276
  • Main Level Bedrooms: 3
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1276
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Storage Shed
  • Foundation Details: Block
  • List Price: 229900
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached, Concrete
  • Garage Sq Ft: 260

Utilities

  • Cooling: None
  • Heating: Radiant Ceiling
  • Water Source: Public
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Lapel Middle School

Lot Info

  • Lot Features: Mature Trees
  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 7344
  • Parcel Number: 481028402085000032
  • Acres: <1/4 Acre
  • Price Acre: 1352353

Tax Info

  • Tax Annual Amount: 1687.0
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 843.5
  • Tax Exemption: Homestead Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2025
Closed on
Aug 13, 2025
Sold by
Barker Janice E
Bought by
Reynolds Denyse
Seller's Agent
Heather Upton
Keller Williams Indy Metro NE
Buyer's Agent
Daimon Buck
F.C. Tucker Company
List Price
$229,900
Sold Price
$229,900
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.19%
Original Mortgage
$160,930
Outstanding Balance
$160,930
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$67,359

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 30, 2021
Sold by
Deloughery James A
Bought by
Barker Janice E
Seller's Agent
Deb Polise
Berkshire Hathaway Home
Buyer's Agent
Danielle Robinson
F.C. Tucker Company
List Price
$165,000
Sold Price
$176,000
Premium/Discount to List
$11,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- Crossroads Title
Warranty Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $160,930 New Conventional
Previous Owner $43,974 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Sold $229,900 0.0% $180 / Sq Ft
07/07/2025 07/07/25 Pending -- -- --
07/03/2025 07/03/25 For Sale $229,900 0.0% $180 / Sq Ft
05/30/2025 05/30/25 Off Market $229,900 -- --
05/07/2025 05/07/25 Pending -- -- --
05/06/2025 05/06/25 For Sale $229,900 +30.6% $180 / Sq Ft
11/30/2021 11/30/21 Sold $176,000 +6.7% $138 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $165,000 -- $129 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

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
2024 $1,687 $168,700 $16,500 $152,200
2023 $1,548 $154,200 $15,600 $138,600
2022 $1,341 $133,500 $15,100 $118,400
2021 $1,228 $122,200 $15,100 $107,100
2020 $1,195 $118,900 $14,400 $104,500
2019 $1,190 $115,800 $14,400 $101,400
2018 $1,613 $103,800 $14,400 $89,400
2017 $1,034 $102,800 $14,400 $88,400
2016 $1,034 $102,800 $14,400 $88,400
2014 $1,025 $100,900 $14,400 $86,500
2013 $1,025 $100,900 $14,400 $86,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22036821

MIBOR Broker Listing Cooperative®

APN: 48-10-28-402-085.000-032