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456 E Walnut St, Nappanee, IN, 46550

5beds
2baths
1,916sqft
$155,000
$81price/sqft
$1,285/moest. monthly cost
$51,400/yrincome needed

About This Home

This Duplex located in the heart of Nappanee is ready for new owners. The upper level is ready to be owner occupied or rented out. The main level needs additional renovations prior to renting. Roof was replaced in 2024.

Getting Around

74
WalkingVery Walkable
0
TransitVery Limited Transit
76
BikeVery Bikeable

Schools

7/10
8/10
North Wood Middle SchoolGrades 6-86.8 mi
8/10
North Wood High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1910

Materials

  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Refrigerator,Electric Oven

Basement

  • Has basement: Yes
  • Basement: Michigan Basement

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 5

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,916

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 2,660
  • Total interior livable area: 1,916 sqft

Property

Details

  • Parcel number: 201431178013.000029

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 8,712 sqft
  • Features: Level
  • Lot size dimensions: 66X132

Parking

  • Total spaces: 1
  • Parking features: Detached
  • 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
  • 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 $783$9,396
Home Insurance *$79$948
Property Taxes $239$2,868
Electricity $184$2,212
Total$1,285$15,420
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$44,057/yr
40% on housing$38,550/yr
45% on housing$34,266/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

$81This listing

vs Other Active Listings

Avg $/sqft

ZIP 46550$119
Elkhart County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 46550$150
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
2026-07-09Price change$155,000
2026-05-11Listed for sale$175,000
2026-05-08Listing removed$700
2026-05-05Listed for rent$700
2026-04-19Listing removed$700
2026-04-01Listed for rent$700
2025-02-22Listing removed$700
2025-02-08Listed for rent$700
2023-07-16Listing removed--
2023-07-16Price change$165,000
2023-06-01Listed for sale$150,000
2020-10-31Listing removed$150,000
2020-06-19Price change$150,000
2020-03-17Listed for sale$680,000
2018-09-18Listing removed$660
2018-09-12Listed for rent$660

For Sale by Agent

AgentAshley Lambright
BrokerageBerkshire Hathaway HomeServices Elkhart

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