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5044 Richard Dr, Lowell, IN, 46356

4beds
3baths
2,454sqft
$460,900
$188price/sqft
$3,124/moest. monthly cost
$124,960/yrincome needed

About This Home

NOT YET BUILT, this is our WALTON 2 model. Features include an open concept living area, spacious great room with vaulted ceiling, kitchen has maple cabinetry with crown molding, soft close doors and dovetail drawers, large breakfast bar with seating, granite counters, and a walk-in pantry. Additional features include a dining area with immediate access to rear patio through sliding glass doors, Primary MAIN FLOOR BEDROOM with ensuite bath, tray ceiling, and walk-in closet, main level flex room (5th bedroom) has an option for FRENCH DOORS, and separate main level LAUNDRY. Upstairs are two additional bedrooms EACH WITH WALK-IN CLOSET, full upper level bathroom, and cozy loft area. Also included is a FULL BASEMENT (stubbed for future bath), full LANDSCAPE PACKAGE, concrete patio, attached garage with openers installed, and BUILDER WARRANTY. Many options for customization of our 18 floor plans are possible to include structural changes such as a 3 car garage, 5' garage extension, slab, or basement options, as well as for other finishes such as for a fireplace, custom tile shower, exterior masonry, etc. Photos are of a previously built home.

Getting Around

49
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

6/10
7/10
Lowell Middle SchoolGrades 6-82.1 mi
9/10
Lowell Senior High SchoolGrades 9-120.4 mi

Construction

Condition

  • Property condition: To Be Built
  • New construction: Yes
  • Year built: 2026

Type & Style

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

Interior

Appliances

  • Appliances included: None
  • Laundry features: Gas Dryer Hookup,Washer Hookup,Main Level,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Bath/Stubbed,Unfinished,Sump Pump,Interior Entry,Full

Bedroom2

  • Area: 182
  • Dimensions: 14.0 x 13.0

Bedroom3

  • Area: 182
  • Dimensions: 14.0 x 13.0

Bedroom4

  • Area: 156
  • Dimensions: 13.0 x 12.0

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Area: 143
  • Dimensions: 13.0 x 11.0

Features

  • Cathedral Ceiling(s),Walk-In Closet(s),Tray Ceiling(s),Recessed Lighting,Pantry,Open Floorplan,Kitchen Island,Granite Counters,Ceiling Fan(s)
  • Window features: Insulated Windows
  • Finished area above ground: 2,454

Heating

  • Heating features: ENERGY STAR Qualified Equipment,Natural Gas,Forced Air

Interior Area

  • Total structure area: 2,454
  • Total interior livable area: 2,454 sqft

Kitchen

  • Area: 247
  • Dimensions: 19.0 x 13.0

Laundry

  • Area: 56
  • Dimensions: 8.0 x 7.0

Living Room

  • Area: 340
  • Dimensions: 20.0 x 17.0

Primary Bedroom

  • Area: 224
  • Dimensions: 16.0 x 14.0

Property

Details

  • Parcel number: Tbd
  • Zoning description: residential
  • Special condition: None

Features

  • Levels: Two
  • Pool features: None
  • Patio & porch: Covered,Porch,Patio,Front Porch
  • Exterior features: Lighting,Rain Gutters
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 0.25 Acres
  • Features: Back Yard,Rectangular Lot,Landscaped,Front Yard

Parking

  • Total spaces: 2.5
  • Parking features: Attached,Garage Faces Front,Driveway,Concrete,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2.5
  • Covered spaces: 2.5
  • Has uncovered spaces: Yes

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
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
Lightning
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

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 $2,330$27,960
Home Insurance *$213$2,556
Property Taxes $357$4,284
Electricity $224$2,699
Total$3,124$37,488
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$107,108/yr
40% on housing$93,720/yr
45% on housing$83,306/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: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$188This listing

vs Other Active Listings

Avg $/sqft

ZIP 46356$164
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46356$181
Lake County$150

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
2026-04-14Listed for sale$453,900

New Construction

AgentLynn Palmer
BrokerageMcColly Real Estate

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