NOT LISTED FOR SALE

556 S Madison St Nappanee, IN 46550

Estimated Value: $143,000 - $177,000

2 Beds
1 Bath
855 Sq Ft
$182/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $153,000 $179 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $885/month

87 Days on Market

Highlights

  • Corner Lot
  • 1 Car Attached Garage
  • Patio
  • NorthWood High School Rated A-
  • Bathtub with Shower
  • Bungalow

About This Home

As of February 2024

Many recent updates for you to enjoy in this well cared for Nappanee home. Attractive laminate flooring plus, fresh paint and new back splash in kitchen and bathroom. Large breezeway allows for laundry area plus some really nice built in storage cabinets. A/C is brand new, tankless water heater and newer windows too! Come take a look and make your best offer before its gone! * Title has started with Near North Title Co.

Last Agent to Sell the Property

Tonia Burton-Price

Price Investments Brokerage Phone: 574-361-3625 Listed on: 11/01/2023

Last Buyer's Agent

Teresa Brown

JMG Indiana

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $643

Year Built

  • Built in 1950

Lot Details

  • 7,231 Sq Ft Lot
  • Lot Dimensions are 51x132
  • Corner Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property

Kitchen

  • Electric Oven or Range
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Washer Hookup

Basement

  • Block Basement Construction
  • Crawl Space

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 20-14-31-352-009.000-029

Home Details

Home Type

Single Family

Est. Annual Taxes

$643

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1950
  • Age: 74
  • Style: One Story
  • Architectural Style: Bungalow
  • Total Number of Rooms: 5
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: HARTMANS 2ND SO EX N 16.28FT LOT 379 & CULPS ADD LOT 528
  • Parcel Number ID: 20-14-31-352-009.000-029
  • Platted: Yes
  • Amenities: Countertops-Laminate, Disposal, Garage Door Opener, Patio Open, Range/Oven Hook Up Elec, Tub/Shower Combination, Main Floor Laundry, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 98.39
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 855
  • Total Finished Sq Ft: 855
  • Above Grade Finished Sq Ft: 855
  • Price Per Sq Ft: 178.95
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Living Great Room: Dimensions: 17x12, On Level: Main
  • Kitchen: Dimensions: 10x9, On Level: Main
  • Bedroom 1: Dimensions: 11x9, On Level: Main
  • Bedroom 2: Dimensions: 9x9, On Level: Main
  • Main Level Sq Ft: 855
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: Shed, Dimensions: 12x8

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 22x14
  • Garage Sq Ft: 308
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Laundry: Dimensions: Mainx9, On Level: 15

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 51X132
  • Estimated Lot Sq Ft: 7231
  • Estimated Lot Size Acres: 0.17

Tax Info

  • Annual Taxes: 643.3
  • Total Assessed Value: 83500
  • 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
Nov 1, 2023
Closed on
Mar 5, 2024
Sold by
Spivey Theron S
Bought by
Barton Jennifer June
Seller's Agent
Tonia Burton-Price
Price Investments
Buyer's Agent
Teresa Brown
JMG Indiana
List Price
$160,000
Sold Price
$153,000
Premium/Discount to List
-$7,000
-4.38%
Views
198
Current Estimated Value
$155,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,709
Avg. Annual Appreciation
1.11%
Original Mortgage
$154,545
Outstanding Balance
$152,003
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$3,706

Purchase Details

Listed on
Nov 1, 2023
Closed on
Feb 29, 2024
Sold by
Spivey Theron S
Bought by
Barton Jennifer June
Seller's Agent
Tonia Burton-Price
Price Investments
Buyer's Agent
Teresa Brown
JMG Indiana
List Price
$160,000
Sold Price
$153,000
Premium/Discount to List
-$7,000
-4.38%
Views
198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,545
Outstanding Balance
$152,003
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$3,706

Purchase Details

Closed on
Apr 13, 2023
Sold by
Spivey Theron S
Bought by
Spivey Theron S

Purchase Details

Closed on
Mar 3, 2008
Sold by
Miller Berniece and Miller Polly B
Bought by
Spivey Theron S and Stutzman Jessica L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Barton Jennifer June $153,000 Near North Title Group
Barton Jennifer June -- Near North Title Group
Spivey Theron S -- None Listed On Document
Spivey Theron S -- Heritage Parke Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barton Jennifer June $154,545
Closed Barton Jennifer June $154,545
Previous Owner Spivey Theron S $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $153,000 -1.6% $179 / Sq Ft
01/27/2024 01/27/24 Pending -- -- --
01/24/2024 01/24/24 Price Changed $155,500 -2.1% $182 / Sq Ft
01/02/2024 01/02/24 Price Changed $158,900 -0.7% $186 / Sq Ft
11/12/2023 11/12/23 For Sale $160,000 0.0% $187 / Sq Ft
11/03/2023 11/03/23 Pending -- -- --
11/01/2023 11/01/23 For Sale $160,000 -- $187 / 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 $716 $95,700 $10,200 $85,500
2022 $716 $83,500 $10,200 $73,300
2021 $476 $68,300 $10,200 $58,100
2020 $472 $67,800 $10,200 $57,600
2019 $407 $60,200 $10,200 $50,000
2018 $336 $50,600 $4,500 $46,100
2017 $312 $47,300 $4,500 $42,800
2016 $321 $48,000 $4,500 $43,500
2014 $293 $43,600 $4,500 $39,100
2013 $306 $43,600 $4,500 $39,100
Source: Public Records

Agents Affiliated with this Home

  • Tonia Burton-Price

    Seller's Agent in 2024

    Tonia Burton-Price

    Price Investments

    (574) 361-3625

    1 in this area

    69 Total Sales

    Tonia Burton-Price
    Section Image
  • Teresa Brown

    Buyer's Agent in 2024

    Teresa Brown

    JMG Indiana

    (574) 993-7355

    2 in this area

    139 Total Sales

    Teresa Brown
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202340078

Indiana Regional MLS

APN: 20-14-31-352-009.000-029

Indiana Elkhart County Nappanee 46550

556 S Madison St, Nappanee, IN

This home is located at 556 S Madison St, Nappanee, IN 46550 since 01 November 2023 and is currently estimated at $155,709, approximately $182 per square foot. This property was built in 1950. 556 S Madison St is a home located in Elkhart County with nearby schools including NorthWood High School, South Side Christian School, and Sunny Meadow Amish School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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