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529 S 2nd St, Elkhart, IN, 46516

5beds
5baths
4,794sqft
$625,000
$130price/sqft
$4,487/moest. monthly cost
$179,480/yrincome needed

About This Home

This monumental piece of Elkhart History is one of the most prestigious buildings in the Midwest. Known as the Winchester Mansion, this shining example of E. Hill Turnock's architectural skills is currently used as an owner-occupied mixed use event center and Bed & Breakfast. The updates to this home include new furnace and AC, significant repair of the slate roof in 2021, renovated master bath as well as 2 added en suite bathrooms. Special care has been taken to provide modern finishes that pay homage to the aesthetic of this historical home. Updated plumbing includes replacement of former cast iron pipes and an in-line tankless water heater for hot water on demand as needed. The electric has also been updated, MAIN LEVEL LAUNDRY added, and ADA compliant rear entrance. Full walk up attic and basement provide room for storage and the tea room at the base of the double staircase is the perfect setting for morning coffee. Many unique possibilities for this property!

Getting Around

85
WalkingVery Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

3/10
2/10
North Side Middle SchoolGrades 7-81.4 mi
2/10
Elkhart High SchoolGrades 9-122.4 mi

Construction

Condition

  • Year built: 1902

Materials

  • Roof: Slate
  • Construction materials: Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,Washer,Dryer-Electric,Gas Range,Tankless Water Heater
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Daylight,Full,Partially Finished,Exterior Entry

Bedroom1

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2

Dining Room

  • Level: Main
  • Area: 690

Family Room

  • Level: Main
  • Area: 437

Features

  • Bookcases,Ceiling Fan(s),Beamed Ceilings,Vaulted Ceiling(s),Crown Molding,Entrance Foyer,Natural Woodwork,Main Level Bedroom Suite,Formal Dining Room
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Attic: Storage,Walk-up
  • Finished area below ground: 90
  • Finished area above ground: 4,704

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 8,412
  • Total interior livable area: 4,794 sqft

Kitchen

  • Level: Main
  • Area: 168

Living Room

  • Level: Main
  • Area: 754

Office

  • Level: Main
  • Area: 132

Property

Accessibility

  • Accessibility features: ADA Features

Details

  • Parcel number: 200605457014.000012

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Porch Covered

Lot

  • Lot size: 0.31 Acres
  • Features: Corner Lot,Level
  • Lot size dimensions: 84X162

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
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Inland Flooding
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 *$461$5,532
Property Taxes $427$5,124
Electricity $439$5,273
Total$4,487$53,844
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$153,840/yr
40% on housing$134,610/yr
45% on housing$119,653/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

$130This listing

vs Other Active Listings

Avg $/sqft

ZIP 46516$126
Elkhart County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 46516$126
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
2026-03-31Listed for sale$650,000
2026-03-30Listing removed$650,000
2025-07-29Listed for sale$650,000

For Sale by Agent

AgentCarrie Smith
BrokerageRE/MAX 100 Elkhart

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