$55,000
SOLD FEB 13, 2026

550 Elm St Wabash, IN 46992

2 Beds
1 Bath
740 Sq Ft
7,797 Sq Ft Lot

Recently Sold

$74 Per Sq Ft

14% Below List Price

15 Days on Market

Highlights

  • Ranch Style House
  • Eat-In Kitchen
  • Bathtub with Shower
  • Covered Patio or Porch
  • Double Pane Windows
  • Tile Flooring

About This Home

As of February 2026

Welcome to this cute and affordable 2-bedroom, 1-bath ranch-style home tucked away on a quiet dead-end street. Designed for simple, comfortable living, this home features a spacious living room and a large kitchen with abundant cabinetry, a gas range, refrigerator, and hood vent—all included. Newer laminate flooring runs throughout most of the home, creating a clean, low-maintenance interior. Recent updates include a high-efficiency 90+ gas furnace, a newer 200-amp electrical panel, and select updated wiring and plumbing, offering added peace of mind. The vinyl exterior provides durability and easy upkeep, while the covered front porch and small patio offer inviting spaces to relax or enjoy fresh air. An 8×8 storage shed adds convenient extra storage. Affordable, efficient, and easy to maintain—this home is ideal for those seeking comfortable one-level living in a quiet setting.

Last Agent to Sell the Property

Robert Lundquist

Lundquist Appraisals & Real Estate Brokerage Email: bob@lundquistrealestate.com Listed on: 12/30/2025

Last Buyer's Agent

Robert Lundquist

Lundquist Appraisals & Real Estate Brokerage Email: bob@lundquistrealestate.com Listed on: 12/30/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $782

Year Built

  • Built in 1955

Home Design

  • Ranch Style House
  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • Ceiling Fan
  • Double Pane Windows
  • Insulated Doors
  • Eat-In Kitchen
  • Laundry on main level

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Partially Finished Basement

  • Exterior Basement Entry
  • Block Basement Construction
  • Crawl Space

Parking

  • Stone Driveway
  • Off-Street Parking

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

  • Forced Air Heating System
  • High-Efficiency Furnace
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Energy-Efficient HVAC
  • Covered Patio or Porch
  • 7,797 Sq Ft Lot
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 85-14-11-402-050.000-009
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$782

Year Built

Built in 1955

Lot Details

7,797 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1955
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: J B Gries Addition lot 7
  • Parcel Number ID: 85-14-11-402-050.000-009
  • Platted: Yes
  • Amenities: Cable Ready, Ceiling Fan(s), Eat-In Kitchen, Patio Open, Porch Covered, Tub/Shower Combination, Main Floor Laundry
  • Cross Street: East Street
  • Improvmnts In Last5 Yrs: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1198
  • Total Finished Sq Ft: 740
  • Above Grade Finished Sq Ft: 740
  • Below Grade Sq Ft: 458
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Outside Entrance Only
  • Basement Material: Block, Poured Concrete
  • Flooring: Laminate, Tile, Vinyl
  • Living Great Room: Dimensions: 17x10, On Level: Main
  • Kitchen: Dimensions: 12x11, On Level: Main
  • Bedroom 1: Dimensions: 11x11, On Level: Main
  • Bedroom 2: Dimensions: 11x11, On Level: Main
  • Main Level Sq Ft: 740
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 458

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: Shed, Dimensions: 8x8

Garage/Parking

  • Driveway: Stone
  • Off Street Parking: Yes

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Cable Company: Comcast/Xfinity, Cinergy MetroNet
  • Hvac: High Efficiency Furnace
  • Laundry: Dimensions: Mainx6, On Level: 12

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: See plat map
  • Estimated Lot Sq Ft: 7797
  • Estimated Lot Size Acres: 0.179

Green Features

  • Energy Efficient: HVAC
  • Energy Efficient Windows/Doors: Double Pane Windows, Insulated Doors

Tax Info

  • Annual Taxes: 782

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2025
Closed on
Feb 13, 2026
Sold by
Shepherd John D and Shepherd Carol A
Bought by
Holmes Jared L
Seller's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
List Price
$64,000
Sold Price
$55,000
Premium/Discount to List
-$9,000
-14.06%
Views
1066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
84178.86%
Original Mortgage
$52,250
Outstanding Balance
$52,250
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$24,778
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Warranty Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $52,250 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2026 02/13/26 Sold $55,000 -14.1% $74 / Sq Ft
01/14/2026 01/14/26 Pending -- -- --
12/30/2025 12/30/25 For Sale $64,000 -- $86 / Sq Ft
Source: Indiana Regional MLS

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 $782 $44,400 $8,900 $35,500
2024 $782 $39,100 $8,900 $30,200
2023 $747 $37,300 $8,900 $28,400
2022 $703 $35,100 $8,900 $26,200
2021 $661 $33,000 $8,900 $24,100
2020 $617 $30,800 $8,900 $21,900
2019 $593 $29,600 $8,900 $20,700
2018 $589 $29,400 $8,900 $20,500
2017 $529 $25,200 $8,900 $16,300
2016 $521 $24,800 $8,900 $15,900
2014 $474 $24,800 $8,900 $15,900
2013 $491 $24,500 $8,900 $15,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202549842

Indiana Regional MLS

APN: 85-14-11-402-050.000-009

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