For Sale57d on market
55370 Falling Water Dr
Elkhart, IN, 46514 • 46514 • Elkhart County
$350,000
$110/sqft
Down payment assistance available
3Beds
2Baths
3,180Sqft
0.35 acLot
2005Built
Property DNA
On the Cobus Creek
Waterfront, Waterfront-High Bank, Frontage Lot, Creek
Ranch Style
Built 2005 · 21 years of history
Brook Side / Brookside
46514
Outdoor Living
Deck Covered
2-Car Garage
Attached · Concrete
Premium Finishes
Walk-In Closet(s)
This home is getting attention
Listed 57 days ago · 1,614 views · 47 saves
Market activity
Demand and pricing signals for this listing
1,614 views
People checking out this listing
47 saves
Buyers have saved this home
57 days on market
Established listing
$110/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 19% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Single Family · Built 2005
Tucked into a quiet subdivision off Old US 20, between Osceola and Elkhart you will find this updated 3 bedroom, 2 bath ranch sitting right on Cobus Creek. Come in from the circular drive, and side entry garage to an open floor plan with loads of light. With all 3 bedrooms and laundry conveniently on the main floor, everything you need is right at your fingertips. The thoughtfully finished basement includes a rec room and 2 bonus rooms; so set up your home office, and a space for guests; or a workout room, and a movie room without sacrificing the ample storage of a full basement. Set up a small workshop in the in the oversized garage. You will fall in love with the incredible view from your huge back deck over Cobus Creek. This serene outdoor space is a perfect place to host summer BBQ's or just lounge and listen to the babbling brook in your own backyard. This home is close to everything that both the South Bend and Elkhart areas have to offer, so you won't want to miss out on this fantastic find!
Standout features identified
Our analysis highlights thoughtfully finished basement, side entry garage, and circular drive as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,212/month
Principal & Interest$1,725
Property Tax$350
Insurance$117
HOA$20
Down payment20% ($70,000)
3%50%
Est. 6.26% rate · 30yr fixed · $280,000 loan
Full calculator →Virtual Tour
Open in new tab ↗Loading virtual tour…
At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built2005
HeatingNatural Gas, Forced Air
CoolingCentral Air
Parking2 Attached Garage spaces
HOA$240 annually
Lot0.35 Acres
Days on Zillow57 Days
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleRanch
Year built2005
Stories1
Systems
HeatingNatural Gas, Forced Air
CoolingCentral Air
RoofAsphalt,Shingle
ConstructionVinyl Siding
Water / SewerCity / Septic Tank
Parking & Outdoor
ParkingAttached, Concrete
Garage2 spaces
BasementFull,Finished,Concrete,Sump Pump
FencingNone
Lot0.35 Acres
Location & Tax
Neighborhood46514
Annual tax$2,600
Parcel200503251013000005
Bathrooms & Fees
Full baths2
HOA$20/mo
Features & details
14 categories of property features
Interior Features
Interior
Breakfast Bar
Walk-In Closet(s)
Laminate Counters
Eat-in Kitchen
Entrance Foyer
Kitchen Island
Open Floorplan
Stand Up Shower
Tub and Separate Shower
Main Level Bedroom Suite
Appliances
Disposal
Range/Oven Hook Up Gas
Dishwasher
Microwave
Refrigerator
Gas Range
Gas Water Heater
Water Softener Owned
Flooring
Carpet
Laminate
Heating
Natural Gas
Forced Air
Cooling
Central Air
Laundry
Main Level
Fireplace
None
Exterior Features
Exterior
Irrigation System
Parking
Attached
Concrete
Construction
Vinyl Siding
Patio & Porch
Deck Covered
Lot Features
Few Trees
City/Town/Suburb
Security
Smoke Detector(s)
Other Equipment
Sump Pump
Room details
5 rooms detailed
Bedroom1
MainBedroom2
MainDining Room
Main12×12 ft144 sqft
Kitchen
Main12×14 ft168 sqft
Living Room
Main14×12 ft168 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market57
Est. value$344,400
Est. rent$2,345/mo
Tax rate0.80%
Price/sqft$110
On marketFeb 9, 2026
PostedFeb 9, 2026
Last sold$195,000
MLS statusActive
MLS updatedMar 16, 2026
Tour days9
Views1,614
Favorites47
How are the schools in Elkhart?
3 schools rated nearby
Location
Elkhart, IN, 46514
Price history
5 events
DateEventPrice$/sqftSource
Feb 9, 2026Listed For Sale$350,000—IRMLS
Oct 21, 2019Sold$195,000—IRMLS
Aug 23, 2019Price Change$209,900$66South Bend - WEICHERT, REALTORS - Jim Dunfee and Associates
Jul 5, 2019Price Change$214,900$68South Bend - WEICHERT, REALTORS - Jim Dunfee and Associates
Jun 27, 2019Listed For Sale$219,900$69Weichert Rltrs-J.Dunfee&Assoc.
Listed For Sale$350,000
Feb 9, 2026•IRMLS
Sold$195,000
Oct 21, 2019•IRMLS
Price Change$209,900
Aug 23, 2019•$66/sqft•South Bend - WEICHERT, REALTORS - Jim Dunfee and Associates
Price Change$214,900
Jul 5, 2019•$68/sqft•South Bend - WEICHERT, REALTORS - Jim Dunfee and Associates
Listed For Sale$219,900
Jun 27, 2019•$69/sqft•Weichert Rltrs-J.Dunfee&Assoc.
Tax history
16 years of records
YearTax paidAssessed value
Apr 8, 2024$2,353$270,300
Apr 8, 2023$2,302$254,000
Apr 8, 2022$2,020$229,800
Apr 8, 2021$1,795$218,100
Apr 8, 2020$2,080$210,500
Apr 8, 2019$2,067$203,900
Apr 8, 2018$2,041$196,400
Apr 8, 2017$1,833$188,400
Apr 8, 2016$1,833$174,700
Apr 8, 2014$1,747$164,500
Apr 8, 2013$1,589$158,900
Apr 8, 2012$1,583$158,300
Apr 8, 2011$1,485$160,700
Apr 8, 2010$1,492$162,300
Apr 8, 2009$1,472$175,200
Apr 8, 2007$1,850$165,900
Nearby homes
Neighborhood details
Local context around this listing
Elkhart, IN • Elkhart County
Nearby cities
BremenBristolElkhartGoshenGrangerMiddleburyMishawakaNappanee
Nearby zip codes
4654446561
Similar homes
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
No obligation · Same-day response