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1403 McCormick Dr

Nappanee, IN 46550

3 bd 2 ba 1,693 sqft Built 1999 condos
Most recent sale
$305,000
Jun 1, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 1, 2022 Sold $305,000 MLS #11064295
Mar 29, 2022 Listed $324,500 MLS #11064295

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $323,600 $29,300 $352,900 $7,734
2024 $323,600 $29,300 $352,900 $7,246
2023 $253,900 $29,300 $283,200 $6,668
2022 $225,400 $29,300 $254,700 $5,842
2021 $206,800 $29,300 $236,100 $5,279
2020 $211,900 $29,300 $241,200 $4,905
2019 $202,400 $28,000 $230,400 $5,017
2018 $189,300 $28,000 $217,300 $4,812
2017 $183,600 $28,000 $211,600 $4,354
2016 $180,100 $28,000 $208,100 $4,239
2015 $173,700 $28,000 $201,700 $4,170
2014 $173,700 $28,000 $201,700 $4,042
2013 $173,700 $28,000 $201,700 $7,056
2012 $175,100 $28,000 $203,100 $4,070
2011 $178,600 $26,300 $204,900 $4,129
2010 $187,500 $27,700 $215,200 $4,374
2009 $189,200 $28,000 $217,200 $5,355
2008 $176,800 $28,000 $204,800 $5,490
2007 $171,500 $28,000 $199,500 $5,135
2006 $130,800 $28,000 $158,800 $3,851

Property facts

Year built
1999
Property type
condos
Stories
Beds
3
Baths
2
Living area
1,693 sqft
Lot size
ZIP code
46550
City
Nappanee
Street
McCormick Dr
Coordinates
41.45679, -85.98924

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,540
Gross rental yield
9.99%
Implied cap rate
6.50%
Trend-extrapolated value

Frequently asked questions

When did 1403 McCormick Dr last sell?
1403 McCormick Dr most recently sold on Jun 1, 2022 for $305,000.
What is the current tax assessment for 1403 McCormick Dr?
The most recent total assessment for 1403 McCormick Dr (year 2025) is $352,900 with $7,734 in property tax.
How does 1403 McCormick Dr's assessment compare to its last sale price?
The current assessment is 15.7% above the last sale price of $305,000.
When was 1403 McCormick Dr built?
1403 McCormick Dr was built in 1999.
How does 1403 McCormick Dr compare to others on McCormick Dr?
We track 8 other properties on McCormick Dr. Browse the list under "Other properties on McCormick Dr" to compare beds, baths, and sale history.
What are the property facts for 1403 McCormick Dr?
1403 McCormick Dr is a 3 bed, 2 bath, 1,693 sqft condos.
Is 1403 McCormick Dr a flip candidate?
No — 1403 McCormick Dr does not appear in our flips dataset.
Is 1403 McCormick Dr a tax-appeal candidate?
No — 1403 McCormick Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-3.4%
Implied 1-yr
-13.5%
2026 Q2
$220.3K
2026 Q3
$210.8K
ZIP 46550 — Median Price History + Forecast

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