$199,900
SOLD SEP 9, 2025

501 E Main St Silver Lake, IN 46982

3 Beds
2.5 Baths
1,928 Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: September 9, 2025

$104 Per Sq Ft

1 Day on Market

Highlights

  • Primary Bedroom Suite
  • Corner Lot
  • Walk-In Closet
  • Edgewood Middle School Rated A
  • Porch
  • Forced Air Heating and Cooling System

About This Home

As of September 2025

Welcome to this beautifully updated 3-bedroom, 2.5-bathroom home in the heart of Silver Lake, offering almost 2,000 finished square feet of style and everyday functionality. Recent updates include newer windows, fresh paint, updated flooring, a brand new metal roof, and a new gravel driveway, while the updated kitchen comes complete with all appliances that stay. The home features gas forced-air heat and central AC for year-round comfort, and the fenced-in backyard provides the perfect space for relaxing. Move-in ready and thoughtfully updated, this home is ready for its next chapter.

Last Agent to Sell the Property

Savannah Shepherd

The Gingerich Group Listed on: 08/13/2025

Last Buyer's Agent

Savannah Shepherd

The Gingerich Group Listed on: 08/13/2025

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,245

Year Built

  • Built in 1880

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 66x88
  • Vinyl Fence
  • Corner Lot
  • Level Lot
  • Property is zoned R1

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1.5-Story Property
  • Partially Finished Basement
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Parking

  • Gravel Driveway
  • Off-Street Parking

Schools

  • Claypool Elementary School
  • Edgewood Middle School
  • Warsaw High School

Additional Features

  • Porch
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 43-18-05-300-780.000-014

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,245

Year Built

Built in 1880

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1880
  • Style: One and Half Story
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: 18-31-15 STP E LOT 16 HOMANS ADD 5-30-6 .13A
  • Parcel Number ID: 43-18-05-300-780.000-014
  • Platted: Yes
  • Amenities: Closet(s) Walk-in, Deck Open, Porch Open, Main Level Bedroom Suite
  • Inside City Limits: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2202
  • Total Finished Sq Ft: 1928
  • Above Grade Finished Sq Ft: 1928
  • Below Grade Sq Ft: 274
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Carpet, Vinyl
  • Living Great Room: Dimensions: 15x15, On Level: Main
  • Kitchen: Dimensions: 12x16, On Level: Main
  • Dining Room: Dimensions: 15x15, On Level: Main
  • Bedroom 1: Dimensions: 12x9, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Upper
  • Bedroom 3: Dimensions: 12x11, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 274

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt
  • Outbuilding1: None
  • Fence: Vinyl

Garage/Parking

  • Driveway: Gravel
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO

Schools

  • Elementary School: Claypool

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 66x88
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Tax Info

  • Annual Taxes: 1245.4

MLS Schools

  • High School: Warsaw
  • Middle School: Edgewood
  • School District: Warsaw Community

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2025
Closed on
Sep 9, 2025
Sold by
Bought by
Seller's Agent
Savannah Shepherd
The Gingerich Group
Buyer's Agent
Savannah Shepherd
The Gingerich Group
List Price
$199,900
Sold Price
$199,900
Views
30
Current Estimated Value
$195,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,192
Avg. Annual Appreciation
-2.21%
Original Mortgage
$102,900
Outstanding Balance
$102,080
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$93,628

Purchase Details

Closed on
May 6, 2025
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,900
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2025
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,735
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,481
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2000
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 1999
Sold by
Bought by

Purchase Details

Closed on
May 31, 1996
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Sheriffs Deed $109,340 None Listed On Document
Warranty Deed -- None Available
Warranty Deed -- None Available
Contract Of Sale -- --
Warranty Deed $8,000 --
Quit Claim Deed -- --
Deed $2,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $102,900 New Conventional
Previous Owner $116,900 New Conventional
Previous Owner $122,735 FHA
Previous Owner $99,481 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/09/2025 09/09/25 Sold $199,900 0.0% $104 / Sq Ft
08/13/2025 08/13/25 For Sale $199,900 -- $104 / Sq Ft
Source: Indiana Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,362 $154,600 $13,900 $140,700
2024 $1,225 $125,600 $8,800 $116,800
2023 $1,172 $119,100 $8,800 $110,300
2022 $921 $100,700 $7,800 $92,900
2021 $631 $83,900 $7,800 $76,100
2020 $672 $86,300 $6,100 $80,200
2019 $651 $86,300 $6,100 $80,200
2018 $637 $84,600 $6,100 $78,500
2017 $583 $82,800 $6,100 $76,700
2016 $515 $78,200 $4,700 $73,500
2014 $583 $85,000 $4,700 $80,300
2013 $583 $85,000 $4,700 $80,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202532141

Indiana Regional MLS

APN: 43-18-05-300-780.000-014

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