See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

302 E Market St, Nappanee, IN, 46550

6beds
7baths
6,211sqft
$530,000
$85price/sqft
$4,425/moest. monthly cost
$177,000/yrincome needed

About This Home

This stunning 1887 Victorian home, built by the Coppes family and recognized as one of the most beautiful properties in the City of Nappanee, is now on the market. For many years, this remarkable property has operated as a successful bed and breakfast, and more recently as a charming tea house cafe warmly welcomed and well supported by the Nappanee community. The cafe has become a wonderful gathering place for fellowship, dining, and social events while creating additional income potential. With the unique charm and attraction of the City of Nappanee, visitors travel from throughout the Midwest to experience all the area has to offer. The business attracts seasonal guests, family staycations, wedding parties, visitors attending Notre Dame football games, and guests attending local concerts and events. Offering over 6,200 finished sq ft, this historic residence features 7 bedrooms and 7.5 bathrooms filled with timeless character and craftsmanship. Inside, you'll find beautifully preserved original details including hardwood flooring, a grand staircase, coffered ceilings, original stained glass, and a fireplace in the living room. The home is also listed on the National Register of Historic Places, adding to its significance and historic appeal. The lower level includes a 1-bedroom, 1-bath living area complete with a mini kitchen, laundry, and private walk-out entrance, offering flexibility for guest quarters, rental income, or owner occupancy opportunities. Buyers agent, please provide a bank letter stating proof of funds or a prequalification letter prior to scheduling showings. This will be a turnkey sale complete with furnishings, supplies along with future reservations.

Getting Around

76
WalkingVery Walkable
0
TransitVery Limited Transit
77
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: 1887

Materials

  • Roof: Asphalt
  • Construction materials: Frame,Masonry Siding,Stone Siding,Wood Siding

Notable Dates

  • Major remodel year: 2025

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Refrigerator,Microwave,Oven,Washer,Water Heater

Basement

  • Area: 1500

Basement

  • Has basement: Yes
  • Basement: Full,Partially Finished,Bedrooms(1),Bathrooms(1)

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1

Features

  • Flooring: Hardwood,Carpet,Vinyl
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area above ground: 4,711

Heating & Cooling

  • Heating features: Natural Gas,Baseboard,Hot Water
  • Cooling features: Central

Interior Area

  • Total structure area: 6,211
  • Total interior livable area: 6,211 sqft

Kitchen

  • Features: Eat-in Kitchen

Property

Details

  • Parcel number: 201431162008.000029
  • Lease amount: 0

Features

  • Stories: 3
  • Patio & porch: Covered Porch,Open Porch
  • Has view: Yes
  • View description: City,Street

Lot

  • Lot size: 8,712 sqft
  • Features: Corner,Trees

Parking

  • Total spaces: 2
  • Parking features: Driveway,Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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

  • 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 $2,679$32,148
Home Insurance *$271$3,252
Property Taxes $906$10,872
Electricity $569$6,832
Total$4,425$53,100
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$151,714/yr
40% on housing$132,750/yr
45% on housing$118,000/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

$85This 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
2026-05-07Listed for sale$625,000
2021-11-30Sold$379,000
2019-02-02Listing removed$379,000
2018-07-18Price change$379,000
2017-02-03Listed for sale$349,000
2010-06-17Listing removed$525,000
2008-12-22Listed for sale$525,000

For Sale by Agent

AgentP. Scot Honeycutt
BrokeragePhil Hahn and Associates

Similar Homes