$229,900

331 W 5th St Lapel, IN 46051

$2,730
Closing credit¹
3 beds
2 full
1,276 sqft
0.2 acres
$180 / sqft
House

Property details

About 331 W 5th St

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.

Highlights

Home typeSingle Family Residence
HeatingRadiant Ceiling
StatusActive
Size1,276 sqft
Lot size0.17 Acres
Year built1980
MLS #22036821

Summary

  • Full Bathrooms: 2
  • Appliances: Dishwasher, Electric Oven, Refrigerator
  • Basement: No
  • Interior: Windows Vinyl
  • Total Bedroom Count: 3
  • Exterior: Storage Shed
  • Architectural Style: Ranch
  • Heating: Radiant Ceiling
  • Cooling: None
  • List Price: $229,900
  • Price/SqFt: $180
  • Annual Tax Amount: $1,547
  • Tax Year: 2023
  • Directions: GPS Friendly
  • Year Built: 1980
  • Living Area: 1,276 SqFt
  • Lot Size: 0.17 Acres
  • MLS Number: 22036821
  • MLS Name: MIBOR
  • Office Name: Keller Williams Indy Metro NE
  • Office Email: info@therealestatepros.com
  • Listing Agent: Heather Upton

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.

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Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.

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Last updated on: 5/6/2025, 7:16:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

single story home featuring a front yard, a garage, brick siding, and driveway

$229,900

331 W 5th St

$2,730

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Nov 30, 2021
Home Sold
$176,000

Tax history

YearAssessmentProperty Tax
2023$154,200$1,547
2021$122,200$1,195
2020$118,900$1,164
2019$115,800$1,044
2017$102,800$1,034

History based on county public records data.

Nearby schools

5

Lapel Elementary School

Public District PK-5

0.4 mi

2865 S State Road 13

7

Maple Ridge Elementary School

Public District KG-6

6.6 mi

8537 S CR 650 W

8

Southeastern Elementary School

Public District KG-4

6.6 mi

12500 Cyntheanne Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $58,955. Residents of Lapel, IN typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

24%
<35k
55%
35k-100k
21%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

36%
Single, No Kids
13%
Single, with Kids
26%
Married, No Kids
25%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
8%
12-17 yrs old
21%
18-34 yrs old
39%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • NASCARNASCAR
  • Monster TrucksMonster Trucks

Where do the neighbors shop?

  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • Wal-MartWal-Mart
  • Dollar GeneralDollar General

Where do the neighbors go to eat?

  • Jimmy JohnsJimmy Johns
  • Hardee'sHardee's
  • ApplebeesApplebees

What do the neighbors drive?

  • ChevroletChevrolet
  • RamRam
  • GMCGMC

What do the neighbors listen to?

  • New CountryNew Country
  • Classic CountryClassic Country
  • CountryCountry
All data provided by Home Junction and Claritas

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Frequently asked questions

About 331 W 5th St

The listing price of 331 W 5th St property is $229,900.

The property 331 W 5th St is a house located in Lapel, Indiana, 46051.

Active Listing: 331 W 5th St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 331 W 5th St are: Lapel Elementary School (GreatSchools Rating 5/10), Maple Ridge Elementary School (GreatSchools Rating 7/10), Southeastern Elementary School (GreatSchools Rating 8/10), Lapel Middle School (GreatSchools Rating 3/10), Hamilton Southeastern Intermediate and Junior High School (GreatSchools Rating 7/10), Fall Creek Junior High School (GreatSchools Rating 7/10), Lapel Sr High School (GreatSchools Rating 5/10), Hamilton Southeastern High School (GreatSchools Rating 9/10), Compass Alternative School (GreatSchools Rating 2/10).

According to the records, the last property tax for 2023 is $1,547 (source: MLS/based on county public records data).

The last sale was on November 30, 2021 for $176,000 (source: MLS/tax record).

The property at 331 W 5th St has 3 bedrooms and 2 bathrooms.

The property 331 W 5th St is 1,276 SqFt (source: MLS/tax record).

The year of construction for 331 W 5th St is 1980.

This home is located at 331 W 5th St in Lapel, IN and zip code 46051. This 1,276 square foot home, which was built in 1980, sits on a 0.17 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 6, 2025 and is currently priced at $229,900.

From Rocket Homes Real Estate and based on county public records data.

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