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5303 W 650 N, Wawaka, IN, 46794

3beds
2baths
1,440sqft
$199,900
$139price/sqft
$1,355/moest. monthly cost
$54,200/yrincome needed

About This Home

This 3-bedroom, 2-bath, two story home on Diamond Lake is the perfect waterfront property, offering a blend of relaxation & recreation. The main level features a spacious primary suite complete with a private ensuite bathroom & walk-in closet. The kitchen offers a dining area, along with an additional full bathroom off to the side. The inviting living room opens directly onto the rear second-story deck, where you can relax while taking in the stunning lake views. Upstairs, you'll find two additional bedrooms, providing comfortable accommodations for family or guests. Additional amenities include a yard barn for extra storage, a carport, as well as parking for 3 cars. With direct access to Diamond Lake, which is a 10mph lake only with great fishing!

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

4/10
7/10
West Noble Middle SchoolGrades 5-83.1 mi
3/10
West Noble High SchoolGrades 9-123.1 mi

Construction

Condition

  • Year built: 1930

Materials

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

Type & Style

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

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Partial,Unfinished

Bedroom1

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 1

Features

  • Ceiling Fan(s),Walk-In Closet(s),Eat-in Kitchen,Stand Up Shower,Main Level Bedroom Suite
  • Door features: Six Panel Doors
  • Flooring: Carpet,Laminate,Tile
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 1,440

Heating & Cooling

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

Interior Area

  • Total structure area: 1,836
  • Total interior livable area: 1,440 sqft

Kitchen

  • Level: Main
  • Area: 480

Living Room

  • Level: Main
  • Area: 224

Property

Details

  • Parcel number: 570331200096.000006

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Porch
  • Fencing: None
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Lake,Pier/Dock,Walk to Lake Access,Deeded,Lake Front,Non Ski Lake
  • Waterbody name: Diamond Lake
  • Frontage length: Channel/Canal Frontage(0),Water Frontage(41)

Lot

  • Lot size: 2,831 sqft
  • Features: Rolling Slope,0-2.9999,Lake,Rural Subdivision
  • Lot size dimensions: 43x63

Parking

  • Parking features: Gravel
  • 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 WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Tornado
Drought
Inland Flooding
Lightning
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 $1,010$12,120
Home Insurance *$93$1,116
Property Taxes $68$816
Electricity $184$2,212
Total$1,355$16,260
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,457/yr
40% on housing$40,650/yr
45% on housing$36,133/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: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$139This listing

vs Other Active Listings

Avg $/sqft

ZIP 46794$128
Noble County$118

vs Homes Sold Last Month

Median $/sqft

ZIP 46794$190
Noble County$158

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
2026-08-14Price change$189,900
2026-07-21Listed for sale$199,900

For Sale by Agent

AgentChad Metzger
BrokerageMetzger Property Services, LLC

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