5505 W Schultz Rd, La Porte, IN, 46350
About This Home
Welcome to your own private compound where possibilities are as big as the space itself! Sitting on 2.16 acres, this one-of-a-kind property is the definition of multi-generational living, related living, or the ultimate family retreat. The main home offers a beautifully maintained 3-bedroom, 3-bath ranch with a finished basement and attached 2-car garage--clean, comfortable, and move-in ready. But wait... it gets better. Step outside to a 40x40 (6-car) pole barn, seamlessly connected to a charming 1-bedroom, 1-bath ranch home featuring open-concept living and character you just don't find every day--perfect for in-laws, guests, or as it is currently a rental property. And just when you think you've seen it all...A massive drive-through pole barn with 16 ft ceilings and 14 ft doors sits behind, complete with: Dedicated laundry area. Expansive workshop space. Abundant storage AND a bonus 1-bedroom, 1-bath apartment above! Top it all off with a covered outdoor barbecue station, and you've got the perfect setup for entertaining, working, living, and making memories--all in one place. Family compound. Investment opportunity. Dream setup. However you envision it... this property delivers. Can you imagine the possibilities?
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1970
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Appliances included: Dishwasher,Water Softener Owned
- Laundry features: Lower Level,Main Level,Laundry Room
Basement
- Has basement: Yes
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Features
- Other
- Number of fireplaces: 1
- Fireplace features: Living Room
- Fireplace: Yes
- Finished area above ground: 1,416
Heating
- Heating features: Forced Air,Natural Gas
Property
Details
- Parcel number: 460618201003000042
- Special condition: None
Features
- Levels: One
Lot
- Lot size: 2.16 Acres
- Features: Back Yard,Rectangular Lot,Front Yard
Parking
- Total spaces: 8
- Parking features: Additional Parking,Detached,Attached,Heated Garage,Concrete
- Has garage: Yes
- Attached garage spaces: 8
- Covered spaces: 8
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
- Tornado
- Winter Weather
- Hail
- Inland Flooding
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,438 | $41,256 |
| Home Insurance * | $402 | $4,824 |
| Property Taxes | $1,059 | $12,708 |
| Electricity | $184 | $2,212 |
| Total | $5,083 | $60,996 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-24 | Listed for sale | $680,000 |
| 2022-11-02 | Listing removed | -- |
| 2021-09-24 | Price change | $477,000 |
| 2021-09-17 | Price change | $550,000 |
| 2021-08-17 | Price change | $650,000 |
| 2021-07-31 | Listed for sale | $750,000 |
View on Zillow