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53857 County Road 5, Elkhart, IN, 46514

4beds
2baths
3,040sqft
$520,000
$171price/sqft
$3,868/moest. monthly cost
$154,720/yrincome needed

About This Home

Set on 5 scenic acres, this charming 1860s colonial farmhouse offers space, character, and flexibility. Inside, you’ll find a large living room with built-in bookcase, formal dining room, cozy family room with fireplace, den or sitting area, and main floor laundry. The home features 3–4 BR's and 2 baths. Outside, a detached 3-car garage includes a 1-bedroom, 1-bath apartment with a spacious living area, kitchenette, GFA heat, C/A, and ample storage—ideal for guests or rental income. The property also includes an attached dog kennel, chicken coop, and an 8-stall horse barn, making it perfect for hobby farming or equestrian use. Endless possibilities await, with an additional 7 acres available for purchase. No tax exemptions. Property sold as is. Buyer to verify square footage, room sizes, taxes, schools.

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

4/10
5/10
West Side Middle SchoolGrades 7-81.9 mi
2/10
Elkhart High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1860

Materials

  • Roof: Metal
  • Construction materials: Brick,Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Refrigerator,Dryer-Electric,Freezer,Electric Range,Gas Water Heater
  • Laundry features: Gas Dryer Hookup,Main Level

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Partial,Exterior Entry

Bedroom1

  • Level: Main

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 1

Dining Room

  • Level: Main

Features

  • Bookcases,Ceiling-9+,Ceiling Fan(s),Cedar Closet(s),Walk-In Closet(s),Guest Quarters,Kitchen Island,Stand Up Shower,Formal Dining Room
  • Window features: Window Treatments
  • Number of fireplaces: 1
  • Fireplace features: Family Room,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 3,040

Heating & Cooling

  • Heating features: Hot Water,Radiant
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,160
  • Total interior livable area: 3,040 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Details

  • Parcel number: 200230376001.000026

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck
  • Exterior features: Kennel,Workshop
  • Fencing: Partial

Lot

  • Lot size: 5 Acres
  • Features: Level,3-5.9999,Pasture,Rural,Within 1 Mile to Airport

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
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Hail
Inland Flooding
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 $2,629$31,548
Home Insurance *$274$3,288
Property Taxes $687$8,244
Electricity $278$3,344
Total$3,868$46,416
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$132,617/yr
40% on housing$116,040/yr
45% on housing$103,146/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

$171This listing

vs Other Active Listings

Avg $/sqft

ZIP 46514$142
Elkhart County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 46514$134
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
2026-04-30Listed for sale$549,900
2022-05-18Listing removed--
2022-04-25Price change$409,900
2022-02-03Listed for sale$439,900

For Sale by Agent

AgentKaren K Galloway
BrokerageSchrock Realty Group

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