507 Walnut St
Nappanee, IN 46550
3 bd 2 ba 1,528 sqft Built 1930 Lot 43,560 sqft single_family
Most recent sale
$231,970
Jun 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 29, 2022 | Sold | $231,970 | Public Record |
| Jun 22, 2022 | Sold | $191,000 | IRMLS |
| Apr 28, 2022 | Price changed | $199,900 | MLS #202212703 |
| Apr 25, 2022 | Price changed | $209,777 | MLS #202212703 |
| Apr 15, 2022 | Price changed | $215,000 | MLS #202212703 |
| Apr 12, 2022 | Listed | $227,900 | MLS #202212703 |
| Apr 19, 2021 | Sold | $75,000 | Public Record |
| Apr 15, 2021 | Sold | $75,000 | IRMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $155,400 | $16,800 | $172,200 | $1,770 |
| 2024 | $155,400 | $16,800 | $172,200 | $1,763 |
| 2023 | $100,300 | $16,800 | $117,100 | $1,668 |
| 2022 | $97,200 | $16,800 | $114,000 | $1,222 |
| 2021 | $88,100 | $16,800 | $104,900 | $2,374 |
| 2020 | $83,300 | $16,800 | $100,100 | $1,096 |
| 2019 | $59,200 | $13,000 | $72,200 | $1,012 |
| 2018 | $38,200 | $13,000 | $51,200 | $506 |
| 2017 | $38,200 | $13,000 | $51,200 | $1,031 |
| 2016 | $37,300 | $13,000 | $50,300 | $1,031 |
| 2015 | $38,600 | $13,000 | $51,600 | $1,013 |
| 2014 | $38,600 | $13,000 | $51,600 | $1,041 |
| 2013 | $38,600 | $13,000 | $51,600 | $1,805 |
| 2012 | $38,600 | $13,000 | $51,600 | $1,040 |
| 2011 | $38,500 | $13,000 | $51,500 | $1,030 |
| 2010 | $53,900 | $13,000 | $66,900 | $1,024 |
| 2009 | $38,200 | $13,000 | $51,200 | $2,050 |
| 2008 | $53,700 | $13,000 | $66,700 | $1,788 |
| 2007 | $59,000 | $13,000 | $72,000 | $1,853 |
| 2006 | $40,500 | $13,000 | $53,500 | $1,297 |
Property facts
Year built
1930
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,528 sqft
Lot size
43,560 sqft
ZIP code
46550
City
Nappanee
Street
Walnut St
Coordinates
41.44342, -85.99552
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,292
Gross rental yield
11.86%
Implied cap rate
7.71%
Trend-extrapolated value
—
Frequently asked questions
When did 507 Walnut St last sell?
507 Walnut St most recently sold on Jun 29, 2022 for $231,970.
What is the current tax assessment for 507 Walnut St?
The most recent total assessment for 507 Walnut St (year 2025) is $172,200 with $1,770 in property tax.
How does 507 Walnut St's assessment compare to its last sale price?
The current assessment is 25.8% below the last sale price of $231,970.
When was 507 Walnut St built?
507 Walnut St was built in 1930.
How does 507 Walnut St compare to others on Walnut St?
We track 8 other properties on Walnut St. Browse the list under "Other properties on Walnut St" to compare beds, baths, and sale history.
What are the property facts for 507 Walnut St?
507 Walnut St is a 3 bed, 2 bath, 1,528 sqft, 43,560 sqft lot single_family.
Is 507 Walnut St a flip candidate?
Yes — 507 Walnut St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 507 Walnut St a tax-appeal candidate?
No — 507 Walnut 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 Walnut St