Sold238d on market
331 W 5th St
Lapel, IN, 46051 • 46051 • Madison County
$229,900
$180/sqft
3Beds
2Baths
1,276Sqft
0.17 acLot
1980Built
Property DNA
Ranch Style
Built 1980 · 46 years of history
Earle S Cascaddens
46051
Outdoor Living
Deck
Storage
Storage
1-Car Garage
Attached · Concrete
This home is in high demand
Listed 238 days ago · 10 views · Top 1% likely to sell soon
Market activity
Demand and pricing signals for this listing
10 views
People checking out this listing
238 days on market
Established listing
$180/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 1% 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 1980
Welcome to this beautifully maintained 3-bedroom, 2-bath brick ranch home, ideally situated in a quiet, established neighborhood just minutes from charming downtown Lapel. Inside, you'll find a warm and functional layout designed for both comfortable everyday living and effortless entertaining. The kitchen flows seamlessly into the dining room, offering a bright, open space perfect for family meals or hosting guests. The primary suite features a private, attached full bathroom, while the second full bath-shared by the additional bedrooms-has been tastefully updated. Recent improvements include brand new windows installed in February 2025, enhancing both energy efficiency and natural light throughout the home. Step outside to enjoy a spacious, fully fenced backyard with spacious deck and a storage shed. Whether you're enjoying staying in or taking a short walk to nearby shops and restaurants, this home exudes small town charm you won't want to miss. **Some photos are virtually staged **
Standout features identified
Our analysis highlights spacious deck, quiet established neighborhood, and bright open space as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,509/month
Principal & Interest$1,202
Property Tax$230
Insurance$77
Down payment20% ($45,980)
3%50%
Est. 6.83% rate · 30yr fixed · $183,920 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1980
HeatingRadiant Ceiling
CoolingNone
Parking1 Attached Garage space
Lot7,405 sqft
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch
Year built1980
Stories1
Systems
HeatingRadiant Ceiling
CoolingNone
ConstructionBrick
Water / SewerPublic
Parking & Outdoor
ParkingAttached, Concrete
Garage1 spaces
Lot7,405 sqft
Location & Tax
Neighborhood46051
Annual tax$1,687
Parcel481028402085000032
Bathrooms & Fees
Full baths2
Features & details
8 categories of property features
Interior Features
Appliances
Dishwasher
Exhaust Fan
Electric Oven
Refrigerator
Heating
Radiant Ceiling
Cooling
None
Exterior Features
Parking
Attached
Concrete
Construction
Brick
Patio & Porch
Deck
Lot Features
Mature Trees
Other Structures
Storage
Room details
7 rooms detailed
Master Bedroom
Main12×11 ft132 sqft
Bedroom2
Main10×10 ft100 sqft
Bedroom3
Main11×10 ft110 sqft
Family Room
Main14×10 ft140 sqft
Kitchen
Main12×10 ft120 sqft
Laundry
Main8×5 ft40 sqft
Tile-Ceramic
Listing insights
Market data and value estimates
StatusSold
Days on market238
Est. value$238,900
Est. rent$1,359/mo
Tax rate0.76%
Price/sqft$180
On marketJul 3, 2025
PostedJul 3, 2025
Last sold$229,900
MLS statusSold
MLS updatedAug 14, 2025
Tour days6
Views10
How are the schools in Lapel?
3 schools rated nearby
Location
Lapel, IN, 46051
Price history
9 events
DateEventPrice$/sqftSource
Aug 13, 2025Sold$229,900$180MIBOR as distributed by MLS GRID
Jul 7, 2025Pending Sale$229,900$180MIBOR as distributed by MLS GRID
Jul 3, 2025Listed For Sale$229,900$180MIBOR as distributed by MLS GRID
May 30, 2025Listing Removed$229,900$180MIBOR as distributed by MLS GRID
May 8, 2025Pending Sale$229,900$180MIBOR as distributed by MLS GRID
May 6, 2025Listed For Sale$229,900$180MIBOR as distributed by MLS GRID
Nov 30, 2021Sold$176,000$138MIBOR as distributed by MLS GRID
Nov 1, 2021Pending Sale$165,000$129MIBOR as distributed by MLS GRID
Oct 28, 2021Listed For Sale$165,000$129MIBOR as distributed by MLS GRID
Sold$229,900
Aug 13, 2025•$180/sqft•MIBOR as distributed by MLS GRID
Pending Sale$229,900
Jul 7, 2025•$180/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$229,900
Jul 3, 2025•$180/sqft•MIBOR as distributed by MLS GRID
Listing Removed$229,900
May 30, 2025•$180/sqft•MIBOR as distributed by MLS GRID
Pending Sale$229,900
May 8, 2025•$180/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$229,900
May 6, 2025•$180/sqft•MIBOR as distributed by MLS GRID
Sold$176,000
Nov 30, 2021•$138/sqft•MIBOR as distributed by MLS GRID
Pending Sale$165,000
Nov 1, 2021•$129/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$165,000
Oct 28, 2021•$129/sqft•MIBOR as distributed by MLS GRID
Tax history
18 years of records
YearTax paidAssessed value
Apr 9, 2025$1,687$186,600
Apr 9, 2024$1,548$168,700
Apr 9, 2023$1,341$154,200
Apr 9, 2022$1,228$133,500
Apr 9, 2021$1,195$122,200
Apr 9, 2020$1,164$118,900
Apr 9, 2019$1,613$115,800
Apr 9, 2018$1,034$103,800
Apr 9, 2017$1,034$102,800
Apr 9, 2016$1,059$102,800
Apr 9, 2014$1,025$100,900
Apr 9, 2013$1,025$100,900
Apr 9, 2012$1,000$98,400
Apr 9, 2011—$93,700
Apr 9, 2010$869$93,700
Apr 9, 2009$882$98,600
Apr 9, 2006—$98,100
Apr 9, 2005—$91,100
Nearby homes
Neighborhood details
Local context around this listing
Lapel, IN • Madison County
Nearby neighborhoods
Fishersburg
Nearby cities
AlexandriaAndersonChesterfieldElwoodFortvilleFranktonLapelMarkleville
Nearby zip codes
46051
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-08 20:48:05 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
No obligation · Same-day response