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501 S 31st St, South Bend, IN, 46615

1beds
2baths
528sqft
$125,000
$237price/sqft
$1,010/moest. monthly cost
$40,400/yrincome needed

About This Home

Completely remodeled and full of charm, this adorable 1-bedroom home proves great things come in small packages! Featuring stylish updates throughout, this move-in ready home offers low-maintenance living with a cozy feel. The fenced backyard is perfect for furry friends, gardening, or simply enjoying your own private outdoor space. Whether you’re looking for your first home, downsizing, or an investment opportunity, this is a fantastic alternative to renting. Cute, affordable, and ready for its next owner!

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
51
BikeBikeable

Schools

4/10
Nuner Fine Arts AcademyGrades PK-50.7 mi
4/10
5/10
Adams High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1925

Materials

  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Range/Oven Hook Up Gas,Refrigerator,Washer,Dryer-Electric,Gas Oven,Gas Range,Gas Water Heater
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Block

Bedroom1

  • Level: Main

Bedrooms & Bathrooms

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

Features

  • Tub/Shower Combination,Main Level Bedroom Suite
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 528

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,056
  • Total interior livable area: 528 sqft

Kitchen

  • Level: Main
  • Area: 99

Living Room

  • Level: Main
  • Area: 143

Property

Details

  • Parcel number: 710908407020.000026

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Enclosed
  • Fencing: Chain Link,Wood

Lot

  • Lot size: 6,098 sqft
  • Features: Corner Lot,Level,0-2.9999,City/Town/Suburb
  • Lot size dimensions: 39 x160

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 WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
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 $632$7,584
Home Insurance *$85$1,020
Property Taxes $109$1,308
Electricity $184$2,212
Total$1,010$12,120
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$34,628/yr
40% on housing$30,300/yr
45% on housing$26,933/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: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$237This listing

vs Other Active Listings

Avg $/sqft

ZIP 46615$106
St. Joseph County$163

vs Homes Sold Last Month

Median $/sqft

ZIP 46615$139
St. Joseph County$131

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
2026-05-09Listed for sale$130,000
2023-08-04Sold$56,900
2023-07-14Pending sale$56,900
2023-06-30Listed for sale$56,900

For Sale by Agent

AgentDavid Perry
BrokerageRE/MAX 100

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