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72355 County Road 3, Nappanee, IN, 46550

5beds
3baths
0sqft
$298,000
--price/sqft
$2,385/moest. monthly cost
$95,400/yrincome needed

About This Home

Investment property! 2 for 1 deal! Two homes and approximately 0.74A of land. House #1 has 6 bedrooms and 3 bathrooms and a total of 1920 finished SF. Updates include: Roof (2019), Windows, Flooring, Patio Door and Counter Tops all in 2022. House #2 has 3 bedrooms and 1 bathroom and 1206 finished SF. Updates include: Roof (2019), Windows, GFA Furnace, Flooring, Bathroom all in 2022.

Getting Around

23
WalkingCar-Dependent
0
TransitVery Limited Transit
72
BikeVery Bikeable

Schools

8/10
8/10
North Wood Middle SchoolGrades 6-86.6 mi
8/10
North Wood High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Metal
  • Construction materials: Frame,Aluminum Siding,Vinyl Siding

Type & Style

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

Interior

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Partial,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Carpet,Linoleum,Vinyl
  • Finished area above ground: 1,920

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Hot Water
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 1,920

Kitchen

  • Features: Open,Laminate Counters

Property

Details

  • Parcel number: 201335277004.000021
  • Lease amount: 0

Features

  • Stories: 2

Lot

  • Lot size: 0.74 Acres

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
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Strong Wind
Tornado
Drought
Inland Flooding
Lightning
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 $1,506$18,072
Home Insurance *$152$1,824
Property Taxes $543$6,516
Electricity $184$2,212
Total$2,385$28,620
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$81,771/yr
40% on housing$71,550/yr
45% on housing$63,600/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 46550$113
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)

No zestimate history available

Price History

DateEventPrice
2026-02-03Price change$298,000
2025-08-21Listed for sale$329,900

For Sale by Agent

AgentP. Scot Honeycutt
BrokeragePhil Hahn and Associates

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