1351 Penny Ln
Nappanee, IN 46550
2 bd 2 ba 1,406 sqft Built 1986 Lot 10,540 sqft single_family
Most recent sale
$220,000
Jun 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 15, 2022 | Sold | $220,000 | MLS #11080009 |
| May 26, 2022 | Listed | $227,900 | MLS #11080009 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $194,700 | $31,300 | $226,000 | $4,629 |
| 2024 | $169,900 | $31,300 | $201,200 | $2,063 |
| 2023 | $137,700 | $31,300 | $169,000 | $1,905 |
| 2022 | $132,700 | $31,300 | $164,000 | $1,740 |
| 2021 | $121,900 | $31,300 | $153,200 | $1,696 |
| 2020 | $121,900 | $31,300 | $153,200 | $1,587 |
| 2019 | $113,900 | $31,300 | $145,200 | $1,504 |
| 2018 | $111,000 | $23,000 | $134,000 | $1,389 |
| 2017 | $104,300 | $23,000 | $127,300 | $1,273 |
| 2016 | $99,800 | $23,000 | $122,800 | $1,228 |
| 2015 | $100,300 | $23,000 | $123,300 | $1,233 |
| 2014 | $87,100 | $23,000 | $110,100 | $978 |
| 2013 | $87,100 | $23,000 | $110,100 | $1,044 |
| 2012 | $82,800 | $39,400 | $122,200 | $940 |
| 2011 | $107,100 | $24,300 | $131,400 | $1,314 |
| 2010 | $113,100 | $25,600 | $138,700 | $1,273 |
| 2009 | $114,100 | $25,800 | $139,900 | $1,248 |
| 2008 | $117,800 | $25,800 | $143,600 | $1,513 |
| 2007 | $117,800 | $25,800 | $143,600 | $2,025 |
| 2006 | $74,900 | $25,800 | $100,700 | $1,310 |
Property facts
Year built
1986
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
1,406 sqft
Lot size
10,540 sqft
ZIP code
46550
City
Nappanee
Street
Penny Ln
Coordinates
41.45402, -85.99836
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,109
Gross rental yield
11.50%
Implied cap rate
7.48%
Trend-extrapolated value
—
Frequently asked questions
When did 1351 Penny Ln last sell?
1351 Penny Ln most recently sold on Jun 15, 2022 for $220,000.
What is the current tax assessment for 1351 Penny Ln?
The most recent total assessment for 1351 Penny Ln (year 2025) is $226,000 with $4,629 in property tax.
How does 1351 Penny Ln's assessment compare to its last sale price?
The current assessment is 2.7% above the last sale price of $220,000.
When was 1351 Penny Ln built?
1351 Penny Ln was built in 1986.
How does 1351 Penny Ln compare to others on Penny Ln?
We track 4 other properties on Penny Ln. Browse the list under "Other properties on Penny Ln" to compare beds, baths, and sale history.
What are the property facts for 1351 Penny Ln?
1351 Penny Ln is a 2 bed, 2 bath, 1,406 sqft, 10,540 sqft lot single_family.
Is 1351 Penny Ln a flip candidate?
No — 1351 Penny Ln does not appear in our flips dataset.
Is 1351 Penny Ln a tax-appeal candidate?
No — 1351 Penny Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.4%
Implied 1-yr
-13.5%
2026 Q2
$220.3K
2026 Q3
$210.8K
ZIP 46550 — Median Price History + Forecast
Explore nearby
Geography
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