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116 W Mishawaka Ave APT 202, Mishawaka, IN, 46545

1beds
1baths
988sqft
$475,000
$481price/sqft
$3,203/moest. monthly cost
$128,120/yrincome needed

About This Home

This first-to-market River Rock Condominium offers modern living, strong value positioning, and long-term appreciation potential. Featuring spacious interiors, functional floor plan design, and access to well-maintained common areas, this unit is ideal for owner-occupants or strategic buyers seeking low-maintenance property in Mishawaka. Early buyers may benefit from preferred pricing and selection advantages as the community transitions to individually owned residences.

Getting Around

78
WalkingVery Walkable
0
TransitVery Limited Transit
68
BikeBikeable

Schools

6/10
5/10
4/10
Mishawaka High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 2016

Materials

  • Construction materials: Aluminum Siding,Concrete,Masonry,Cement Board,Fiber Cement

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Basement

  • Basement: None

Bedroom1

  • Level: Main

Bedrooms & Bathrooms

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

Features

  • Finished area below ground: 0
  • Finished area above ground: 988

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 988
  • Total interior livable area: 988 sqft

Property

Details

  • Parcel number: 710909462014.000023
  • Attached to another structure: Yes
  • Zoning: R1,R-2

Features

  • Waterfront features: None

Lot

  • Features: Planned Unit Development

Parking

  • Total spaces: 1
  • Parking features: Basement
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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 $2,401$28,812
Home Insurance *$282$3,384
Property Taxes $336$4,032
Electricity $184$2,212
Total$3,203$38,436
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$109,817/yr
40% on housing$96,090/yr
45% on housing$85,413/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: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$481This listing

vs Other Active Listings

Avg $/sqft

ZIP 46545$121
St. Joseph County$162

vs Homes Sold Last Month

Median $/sqft

ZIP 46545$142
St. Joseph County$131

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
2026-06-10Listed for sale$475,000
2026-03-17Pending sale$475,000
2026-03-03Listed for sale$475,000
2026-02-20Listing removed$1,688
2026-02-12Listed for rent$1,688
2024-04-30Listing removed--
2024-04-23Listed for rent$1,710
2018-06-12Listing removed$1,400
2018-05-15Price change$1,400
2018-05-11Listed for rent$1,500

For Sale by Agent

AgentPhil St. Clair
BrokerageSt. Clair Real Estate LLC

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