Nestled just off State Road 3 (Lima Road), this exceptional double-parceled property spans just over an acre, offering a blend of accessibility and serene country charm. The site, which once housed a home, comes with an existing well and septic system, laying the groundwork for potential redevelopment. The expansive lot, totaling around 48,000 square feet, is thoughtfully divided into two parcels. The rear parcel is adorned with majestic trees, providing a picturesque backdrop and natural beauty. Meanwhile, the front parcel features a quaint, rustic picket fence that runs parallel to the entrance road, enhancing the property’s curb appeal. This land offers a unique opportunity to build a dream home with ample space and natural allure, all while being conveniently located just outside the city limits.
Directions: Head west on Henry Street, toward S State St., turn left onto South Main Street, turn left onto IN-3 South, turn right onto West Lisbon Rd., make an immediate left turn, drive straight, the property will be on your right.
Price Information
Listing Price Info
Price Summary:
List Price: $54,000
Tax Information:
Annual Amount: $272
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Kendallville, IN.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$337
Per Month
Principal & Interest
$270
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$228
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
South Side Elementary School
1350 Sherman St
Distance between this listing and this school1.55 miles
Public District Grades KG-5
5
/10
North Side Elementary School
302 Harding St
Distance between this listing and this school2.93 miles
Public District Grades KG-5
4
/10
Avilla Elementary School
200 Washington St
Distance between this listing and this school3.06 miles
Public District Grades PK-5
Nearby Schools
3
/10
East Noble Middle School
415 Drake Rd
Distance between this listing and this school2.18 miles
Public District Grades 6-8
4
/10
Garrett Middle School
801 E Houston St
Distance between this listing and this school7.92 miles
Public District Grades 6-8
6
/10
Dekalb Middle School
3338 County Road 427
Distance between this listing and this school11.33 miles
Public District Grades 6-8
Nearby Schools
6
/10
East Noble High School
901 Garden St
Distance between this listing and this school1.94 miles
Public District Grades 9-12
3
/10
Garrett High School
801 E Houston St
Distance between this listing and this school7.84 miles
Public District Grades 9-12
5
/10
Central Noble Junior Senior High School
302 Cougar Ct
Distance between this listing and this school8.35 miles
The neighbors living near this home have an average income of $47,027. Most Kendallville, IN residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2726 S Lima Rd
What is the listing price of this property?
The listing price of 2726 S Lima Rd property is $54,000.
What type of property is this?
The property 2726 S Lima Rd is land located in Kendallville, Indiana, 46755.
Is this property for sale now?
Active Listing: 2726 S Lima Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $272 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2726 S Lima Rd in Kendallville, IN and zip code 46755. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $54,000.
In November 2024, from all listings sold in Kendallville, IN there were more than 3 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price. In November 2024 in Kendallville, IN there were 1.7% less homes for sale than in October 2024.
From Rocket Homes Real Estate and based on county public records data.