$112,500
SOLD AUG 10, 2018

551 N Main St Nappanee, IN 46550

2 Beds
1 Bath
1,246 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$90 Per Sq Ft

2% Below List Price

78 Days on Market

Highlights

  • Walk-In Pantry
  • Formal Dining Room
  • 1 Car Detached Garage
  • NorthWood High School Rated A-
  • Picket Fence
  • Eat-In Kitchen

About This Home

As of May 2025

Looking for that perfect starter home in Nappanee? Look no further! This 2-3 bedroom home features almost all new windows, updated furnace and A/C , main floor full bath, newer stainless steel refrigerator, fresh paint and newer carpet! Main floor laundry! Enclosed front porch! Fenced backyard with patio and oversized 1 car detached garage with storage! Just a quick walk to downtown or to the coffee shop! This cute home won't last long! Call to schedule your showing today!

Last Agent to Sell the Property

Mary Dale

Coldwell Banker Real Estate Group Listed on: 04/10/2018

Coldwell Banker Real Estate Group

Last Buyer's Agent

ECBOR NonMember

NonMember ELK

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,026

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Picket Fence
  • Wood Fence
  • Chain Link Fence
  • Landscaped
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Stone Driveway
  • Off-Street Parking

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Gas Oven or Range
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Washer and Gas Dryer Hookup

Unfinished Basement

  • Michigan Basement
  • Sump Pump

Schools

  • Nappanee Elementary School
  • Northwood Middle School
  • Northwood High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Patio
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 20-14-31-107-002.000-029

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,026

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Age: 118
  • Style: One and Half Story
  • Total Number of Rooms: 9
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Best & Mellinger Lot 320 |
  • Parcel Number ID: 20-14-31-107-002.000-029
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Countertops-Laminate, Disposal, Dryer Hook Up Gas, Eat-In Kitchen, Landscaped, Pantry-Walk In, Patio Open, Range/Oven Hook Up Gas, Tub/Shower Combination, Formal Dining Room, Main Floor Laundry, Sump Pump, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Year Taxes Payable: 17 pay 18
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2276
  • Total Finished Sq Ft: 1246
  • Above Grade Finished Sq Ft: 1246
  • Above Grade Unfinished Sq Ft: 168
  • Below Grade Sq Ft: 862
  • Price Per Sq Ft: 90.29
  • Basement: Yes
  • Basement Foundation: Michigan Basement, Unfinished
  • Living Great Room: Dimensions: 15x11, On Level: Main
  • Kitchen: Dimensions: 14x10, On Level: Main
  • Dining Room: Dimensions: 13x11, On Level: Main
  • Extra Room: Pantry, On Level: Main
  • Bedroom 1: Dimensions: 12x11, On Level: Main
  • Bedroom 2: Dimensions: 14x11, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 862

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: None
  • Fence: Chain Link, Picket, Wood

Garage/Parking

  • Driveway: Stone
  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 18x16
  • Garage Sq Ft: 288
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Laundry: Dimensions: Mainx5, On Level: 13

Schools

  • School District: Wa-Nee Community Schools
  • Elementary School: Nappanee
  • Middle School: NorthWood
  • High School: NorthWood
  • Elementary School: Nappanee

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 66x132
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2
  • Lot Number: 320

Tax Info

  • Annual Taxes: 1026
  • Exemptions: Homestead, Mortgage

MLS Schools

  • High School: NorthWood
  • Middle School: NorthWood
  • School District: Wa-Nee Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2025
Closed on
May 16, 2025
Sold by
Yoder Rachel D and Hoffer Rachel D
Bought by
Foushi Shawn and Ladd Tamra
Seller's Agent
Matthew Kertai
Kertai Real Estate LLC
Buyer's Agent
Julie Hall
Patton Hall Real Estate
List Price
$199,900
Sold Price
$188,000
Premium/Discount to List
-$11,900
-5.95%
Total Days on Market
78
Views
86

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.20%
Original Mortgage
$9,400
Outstanding Balance
$9,400
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$176,912

Purchase Details

Listed on
Apr 10, 2018
Closed on
Aug 13, 2018
Sold by
Brown Barney E and Brown Dana M
Bought by
Yoder Rachel D
Seller's Agent
Mary Dale
Coldwell Banker Real Estate Group
Buyer's Agent
ECBOR NonMember
NonMember ELK
List Price
$115,000
Sold Price
$112,500
Premium/Discount to List
-$2,500
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$101,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2018
Closed on
Aug 10, 2018
Sold by
Brown Barney E and Brown Dana M
Bought by
Yoder Rachel D
Seller's Agent
Mary Dale
Coldwell Banker Real Estate Group
Buyer's Agent
ECBOR NonMember
NonMember ELK
List Price
$115,000
Sold Price
$112,500
Premium/Discount to List
-$2,500
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2018
Closed on
Jul 10, 2018
Sold by
Brown Barney E and Brown Dana M
Bought by
Yorder Rachel D
Seller's Agent
Mary Dale
Coldwell Banker Real Estate Group
Buyer's Agent
ECBOR NonMember
NonMember ELK
List Price
$115,000
Sold Price
$112,500
Premium/Discount to List
-$2,500
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2013
Sold by
Lone Rodney J
Bought by
Brown Barney E and Brown Dana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,870
Interest Rate
4.38%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
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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 -- Meridian Title
Warranty Deed $134,662 Heritage Parke Title
Warranty Deed $134,662 Heritage Parke Title
Warranty Deed -- Heritage Park Title Llc
Warranty Deed -- Heritage Parke Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $9,400 New Conventional
Open $184,594 FHA
Previous Owner $103,000 New Conventional
Previous Owner $101,250 New Conventional
Previous Owner $101,250 New Conventional
Previous Owner $101,250 New Conventional
Previous Owner $88,870 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $188,000 0.0% $151 / Sq Ft
04/15/2025 04/15/25 Pending -- -- --
04/13/2025 04/13/25 Price Changed $188,000 -1.1% $151 / Sq Ft
03/17/2025 03/17/25 Price Changed $190,000 -2.5% $152 / Sq Ft
02/17/2025 02/17/25 Price Changed $194,900 -2.5% $156 / Sq Ft
01/15/2025 01/15/25 For Sale $199,900 +77.7% $160 / Sq Ft
08/10/2018 08/10/18 Sold $112,500 0.0% $90 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
05/26/2018 05/26/18 Price Changed $112,500 -2.2% $90 / Sq Ft
04/10/2018 04/10/18 For Sale $115,000 -- $92 / Sq Ft
Source: Indiana Regional MLS

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 $1,529 $159,600 $23,100 $136,500
2022 $1,529 $146,500 $23,100 $123,400
2021 $1,436 $136,500 $23,100 $113,400
2020 $1,326 $125,900 $23,100 $102,800
2019 $1,265 $120,200 $23,100 $97,100
2018 $1,145 $108,600 $21,100 $87,500
2017 $1,026 $100,200 $21,100 $79,100
2016 $912 $95,300 $21,100 $74,200
2014 $804 $86,700 $21,100 $65,600
2013 $796 $84,600 $21,100 $63,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201813552

Indiana Regional MLS

APN: 20-14-31-107-002.000-029