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54554 Cornell Dr, Mishawaka, IN, 46545

5beds
2baths
2,360sqft
$375,000
$159price/sqft
$2,598/moest. monthly cost
$103,920/yrincome needed

About This Home

Welcome home to this spacious 5-bedroom, 2-bath bi-level located in the highly sought-after Penn School District! The upper level features an open-concept living, dining, and kitchen area that is perfect for everyday living and entertaining. You'll also find three comfortable bedrooms with nicely sized closets and a full bathroom on the main level, with several rooms recently refreshed with fresh paint. Downstairs, the finished lower level boasts durable epoxy flooring, a large rec rooms area, two additional bedrooms, a second bathroom, and a convenient laundry area, offering plenty of flexible living space. Step outside and enjoy everything this property has to offer! Situated on just under a half-acre, the large fenced backyard features a multi-level deck, above-ground pool, storage shed, and chicken coop, providing endless opportunities for entertaining and recreation. With ample indoor and outdoor space, this home is ready for its next owners to move in and enjoy!

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

7/10
8/10
Schmucker Middle SchoolGrades 6-81.6 mi
10/10
Penn High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1964

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: None

Bedroom1

  • Level: Lower

Bedroom2

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Upper
  • Area: 300

Features

  • Finished area below ground: 1,180
  • Finished area above ground: 1,180

Heating & Cooling

  • Heating features: Conventional
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,360
  • Total interior livable area: 2,360 sqft

Kitchen

  • Level: Upper
  • Area: 162

Living Room

  • Level: Upper
  • Area: 165

Property

Details

  • Parcel number: 710531402004.000031

Features

  • Levels: Bi-Level
  • Pool features: Above Ground

Lot

  • Lot size: 0.48 Acres
  • Features: Irregular Lot,Level,0-2.9999
  • Lot size dimensions: 131x158

Parking

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

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 WaveModerate

How This Home’s Risks Compare

Cold Wave

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 $1,896$22,752
Home Insurance *$222$2,664
Property Taxes $264$3,168
Electricity $216$2,596
Total$2,598$31,176
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$89,074/yr
40% on housing$77,940/yr
45% on housing$69,280/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

$159This listing

vs Other Active Listings

Avg $/sqft

ZIP 46545$124
St. Joseph County$163

vs Homes Sold Last Month

Median $/sqft

ZIP 46545$142
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
2026-08-07Price change$350,000
2026-07-11Price change$375,000
2026-07-07Price change$389,000
2026-06-22Listed for sale$399,000
2019-05-17Sold$189,900
2019-04-02Listed for sale$189,500
2017-03-31Sold$158,000

For Sale by Agent

AgentHailee Hills
BrokerageMTM Realty Group

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