501 Summit St
Nappanee, IN 46550
2 bd 1 ba 1,050 sqft Built 1945 Lot 37,462 sqft single_family
Most recent sale
$120,000
Jul 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 13, 2022 | Sold | $120,000 | MLS #11082788 |
| Jun 7, 2022 | Listing removed | $115,000 | MyStateMLS |
| Jun 7, 2022 | Listed | $115,000 | MLS #11082788 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $66,800 | $25,700 | $92,500 | $684 |
| 2024 | $61,600 | $25,700 | $87,300 | $685 |
| 2023 | $53,200 | $25,700 | $78,900 | $589 |
| 2022 | $47,800 | $25,700 | $73,500 | $639 |
| 2021 | $47,800 | $25,700 | $73,500 | $1,532 |
| 2020 | $47,800 | $25,700 | $73,500 | $1,536 |
| 2019 | $44,800 | $25,700 | $70,500 | $1,474 |
| 2018 | $44,800 | $25,700 | $70,500 | $1,478 |
| 2017 | $42,500 | $25,700 | $68,200 | $1,372 |
| 2016 | $40,900 | $25,900 | $66,800 | $1,344 |
| 2015 | $38,400 | $25,900 | $64,300 | $1,294 |
| 2014 | $35,900 | $25,900 | $61,800 | $1,244 |
| 2013 | $35,900 | $25,900 | $61,800 | $2,162 |
| 2012 | $35,400 | $25,900 | $61,300 | $1,234 |
| 2011 | $31,500 | $25,400 | $56,900 | $1,151 |
| 2010 | $33,000 | $26,700 | $59,700 | $1,218 |
| 2009 | $33,300 | $27,000 | $60,300 | $1,573 |
| 2008 | $30,300 | $27,000 | $57,300 | $1,536 |
| 2007 | $30,300 | $27,000 | $57,300 | $1,413 |
| 2006 | $30,000 | $20,300 | $50,300 | $1,219 |
Property facts
Year built
1945
Property type
single_family
Stories
2
Beds
2
Baths
1
Living area
1,050 sqft
Lot size
37,462 sqft
ZIP code
46550
City
Nappanee
Street
Summit St
Coordinates
41.43870, -85.99499
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$720
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 501 Summit St last sell?
501 Summit St most recently sold on Jul 13, 2022 for $120,000.
What is the current tax assessment for 501 Summit St?
The most recent total assessment for 501 Summit St (year 2025) is $92,500 with $684 in property tax.
How does 501 Summit St's assessment compare to its last sale price?
The current assessment is 22.9% below the last sale price of $120,000.
When was 501 Summit St built?
501 Summit St was built in 1945.
How does 501 Summit St compare to others on Summit St?
We track 8 other properties on Summit St. Browse the list under "Other properties on Summit St" to compare beds, baths, and sale history.
What are the property facts for 501 Summit St?
501 Summit St is a 2 bed, 1 bath, 1,050 sqft, 37,462 sqft lot single_family.
Is 501 Summit St a flip candidate?
No — 501 Summit St does not appear in our flips dataset.
Is 501 Summit St a tax-appeal candidate?
No — 501 Summit St 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
Other properties on Summit St