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59167 Merrimac Ln, Elkhart, IN, 46517

5beds
2baths
2,536sqft
$319,900
$126price/sqft
$2,140/moest. monthly cost
$85,600/yrincome needed

About This Home

Come out today to see all the new renovations to this darling five bedroom, 2 bath, bi-level in Green Valley! From the new roof (2023) to the new carpets in the lower level (2026) so much has been done over the last 3 years. The newly renovated kitchen (2024) now boasts granite counter tops, new cabinets, and stainless steel appliances. A composite deck (2022) off master bedroom gives you a private place to enjoy the evening. In the lower level you can relax in the family room, entertain at the wet bar, as you watch the big game! Schedule your showing today and imagine yourself in this wonderful home just minutes from Concord Schools!

Getting Around

12
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

6/10
5/10
4/10

Construction

Condition

  • Year built: 1973

Materials

  • Construction materials: Brick,Vinyl Siding

Type & Style

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

Interior

Basement

  • Basement: Finished

Bedroom1

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Main

Features

  • Stone Counters,Wet Bar
  • Number of fireplaces: 1
  • Fireplace features: Family Room
  • Fireplace: Yes
  • Finished area below ground: 1,232
  • Finished area above ground: 1,304

Heating & Cooling

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

Interior Area

  • Total structure area: 2,536
  • Total interior livable area: 2,536 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Details

  • Parcel number: 200627205025.000009

Features

  • Levels: Bi-Level
  • Patio & porch: Deck

Lot

  • Lot size: 0.34 Acres
  • Features: Level,0-2.9999
  • Lot size dimensions: 100X150

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Hail
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 $1,617$19,404
Home Insurance *$152$1,824
Property Taxes $139$1,668
Electricity $232$2,789
Total$2,140$25,680
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$73,371/yr
40% on housing$64,200/yr
45% on housing$57,066/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

$126This listing

vs Other Active Listings

Avg $/sqft

ZIP 46517$132
Elkhart County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 46517$151
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
2026-07-28Listed for sale$319,900
2015-01-02Sold$106,000
2014-10-13Price change$114,900
2014-07-03Price change$124,900
2014-05-30Listed for sale$129,000
2008-11-25Sold$95,275

For Sale by Agent

AgentKendrae Hilty
BrokerageRE/MAX 100 Elkhart

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