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509 Water Meade Pl, Fort Wayne, IN, 46825

3beds
3baths
3,208sqft
$375,000
$117price/sqft
$2,728/moest. monthly cost
$109,120/yrincome needed

About This Home

Stop the car and check out this beautiful move-in-ready home! The current owners purchased this home with the intention of making it their forever home. They invested heavily in restoring, updating, and improving it, but an unexpected change in life plans now gives the next owner the opportunity to enjoy all of those upgrades. From the moment you walk in, you'll appreciate the bright, open feel of the great room with its soaring ceiling, lofted upper level, and abundant windows that fill the home with natural light. The spacious owner's suite features a private en-suite bathroom and an oversized walk-in closet. Situated on a corner lot, you'll also enjoy a generous yard with attractive landscaping and extra space to spread out. Located in the desirable Hearthstone subdivision, you'll appreciate the sidewalks throughout the neighborhood and the Pufferbelly Trail just across the street. A partially wooded neighborhood common area borders the property, adding privacy and a scenic backdrop. The update list is extensive and shows the pride of ownership throughout the home, including:Brand-new roof (2026) with a transferable lifetime warranty New gutters (2026),, New furnace (2026), Exterior and interior professionally repainted (2026), New basement dehumidifier (2026), New drop ceiling (2026), New master shower doors (2026), New flooring (2026) in the dining room, living room, owner's bedroom, and owner's walk-in closet, New flooring (2025) in the owner's bathroom, guest bathroom, and four-season room, All kitchen appliances replaced (2025), including the over-the-range microwave, New washer and dryer (2025), New toilets (2025), Updated light fixtures and ceiling fans (2025-2026), & New exterior awnings (2025) Finding a home where so many of the expensive improvements have already been completed is becoming increasingly rare. If you're looking for a home that's been thoughtfully updated, well cared for, and truly ready for its next chapter, this one deserves a spot at the top of your list.

Getting Around

11
WalkingCar-Dependent
26
TransitSome Transit
27
BikeSomewhat Bikeable

Schools

4/10
Shawnee Middle SchoolGrades 6-81.4 mi
3/10
Northrop High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1991

Materials

  • Roof: Asphalt
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Gas Cooktop,Gas Oven

Basement

  • Has basement: Yes
  • Basement: Full,Concrete

Bedroom1

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 154

Family Room

  • Level: Main
  • Area: 312

Features

  • Window features: Window Treatments
  • Flooring: Carpet,Tile,Vinyl
  • Number of fireplaces: 1
  • Fireplace features: Family Room
  • Fireplace: Yes
  • Finished area below ground: 1,000
  • Finished area above ground: 2,208

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 3,444
  • Total interior livable area: 3,208 sqft

Kitchen

  • Level: Main
  • Area: 154

Property

Details

  • Parcel number: 020711127013.000073
  • Zoning: R1

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 0.29 Acres
  • Features: Level
  • Lot size dimensions: 84X150

Parking

  • Total spaces: 2.5
  • Parking features: Attached,Concrete
  • 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

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Lightning
Winter Weather

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 $1,896$22,752
Home Insurance *$186$2,232
Property Taxes $352$4,224
Electricity $294$3,528
Total$2,728$32,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$93,531/yr
40% on housing$81,840/yr
45% on housing$72,746/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: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 5.1%
5.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$117This listing

vs Other Active Listings

Avg $/sqft

ZIP 46825$153
Allen County$137

vs Homes Sold Last Month

Median $/sqft

ZIP 46825$145
Allen County$139

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
2026-08-11Pending sale$375,000
2026-08-02Listed for sale$375,000
2025-07-18Sold$295,000
2025-06-26Pending sale$327,500
2025-06-06Listed for sale$327,500

For Sale by Agent

AgentJason Pence
BrokerageColdwell Banker Real Estate Gr

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