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51508 County Road 11, Elkhart, IN, 46514

2beds
1baths
804sqft
$625,000
$777price/sqft
$4,092/moest. monthly cost
$163,680/yrincome needed

About This Home

Want room to spread out without being far from town? This 18.6-acre property gives you space, privacy, and plenty of ways to make it your own. Follow the private entrance back to a mostly flat piece of land with a great mix of open ground and woods. About 6 acres are already fenced with a gated entrance. A 20' x 39' pole barn is ready for storage, equipment, or your next project, and a 4-inch well is already in place for a future residence. Build your private country home, create a hobby farm, enjoy hunting and wildlife, or simply own a large piece of land close to everything. Shopping, restaurants, and major roads are only a few miles away. If you have been looking for land that feels tucked away but is still convenient, this one is worth seeing!

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

5/10
Osolo Elementary SchoolGrades PK-61.4 mi
2/10
North Side Middle SchoolGrades 7-83.5 mi
2/10
Elkhart High SchoolGrades 9-125.1 mi

Construction

Condition

  • Year built: 1970

Materials

  • Foundation: Slab
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 804

Heating & Cooling

  • Heating features: Propane Tank Rented
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 804
  • Total interior livable area: 804 sqft

Property

Details

  • Parcel number: 200215326018.000026
  • Zoning: A-1

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 18.60 Acres
  • Features: Level,Few Trees
  • Lot size dimensions: 560x1446

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,160$37,920
Home Insurance *$330$3,960
Property Taxes $418$5,016
Electricity $184$2,212
Total$4,092$49,104
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$140,297/yr
40% on housing$122,760/yr
45% on housing$109,120/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 4.6%
4.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$777This listing

vs Other Active Listings

Avg $/sqft

ZIP 46514$141
Elkhart County$144

vs Homes Sold Last Month

Median $/sqft

ZIP 46514$134
Elkhart County$136

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-13Price change$579,000
2026-07-14Listed for sale$625,000
2026-07-13Listing removed--
2026-07-13Pending sale$349,000
2026-07-09Price change$349,000
2026-06-11Price change$369,000
2026-06-03Listed for sale$396,500
2026-05-27Listing removed--
2026-05-13Listed for sale$429,000
2026-04-15Listing removed--
2026-04-03Price change$629,900
2026-03-31Price change$689,000
2026-03-25Price change$379,000
2026-03-17Price change$399,000
2026-03-05Price change$799,000
2026-02-13Price change$399,000
2026-01-24Price change$419,999
2026-01-13Price change$449,000
2025-12-10Price change$729,000
2025-10-29Price change$699,000
2025-10-10Price change$649,000
2025-09-25Price change$399,900
2025-08-18Price change$429,900
2025-08-06Listed for sale$789,900
2025-07-19Listing removed$629,900
2022-01-19Sold$215,000

For Sale by Agent

AgentChad Martin
BrokerageKeller Williams Realty Group

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