331 W 5th St, Lapel, IN 46051
Property image
Property image
OFF MARKET

$243,400

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,276 sqft

331 W 5th St, Lapel, IN 46051

Est. Refi. Payment $1,532/mo*
Refinance Your Home
Currently Off Market - Sold Aug 13, 2025 for $229,900

Home Value

Trulia Estimate
$243K
Since last month
Decreased$1K (-0.4%)
Since last year
Increased$13K (+5.6%)
Since last sale
Increased$13K (+5.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +137% in the last 10 years
MonthEstimated value
2026
September 2026$243K
August 2026$244K
July 2026$244K
June 2026$240K
May 2026$242K
April 2026$240K
March 2026$240K
February 2026$239K
January 2026$239K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
313 W 5th St, Lapel, IN
0.03
Single-Family Home
$249,900
08/10/26
3
1.5
1,467
227 W 7th St, Lapel, IN
0.12
Single-Family Home
$200,000
09/30/25
3
2
1,403
223 W 9th St, Lapel, IN
0.22
Single-Family Home
$230,000
06/30/26
3
2
1,601
413 W 5th St, Lapel, IN
0.03
Single-Family Home
$187,000
12/05/25
3
1
925
333 S John St, Lapel, IN
0.36
Single-Family Home
$250,000
07/24/26
3
1.5
1,372
126 W 9th St, Lapel, IN
0.26
Single-Family Home
$227,000
07/24/26
2
1.5
1,296
535 Central Ave, Lapel, IN
0.48
Single-Family Home
$210,000
05/08/26
3
2
1,234
514 S Woodward St, Lapel, IN
0.31
Single-Family Home
$285,000
10/15/25
3
2
2,613
1215 N Woodward St, Lapel, IN
0.51
Single-Family Home
$230,000
06/05/26
3
2
1,212
25 W 9th St, Lapel, IN
0.28
Single-Family Home
$240,000
07/06/26
3
2
3,710

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
313 W 5th St, Lapel, IN 46051
0.03
$249,900
3
1.5
1,467
Recently Sold
231 W 5th St, Lapel, IN 46051
0.05
$227,100
2
1.5
1,262
Off Market
413 W 5th St, Lapel, IN 46051
0.03
$187,000
3
1
925
Recently Sold
300 W 6th St, Lapel, IN 46051
0.08
-
-
-
-
Off Market
420 W 6th St, Lapel, IN 46051
0.06
$204,200
3
1
1,504
Off Market
303 W 7th St, Lapel, IN 46051
0.11
$172,700
2
1
1,008
Off Market
334 S Erie St, Lapel, IN 46051
0.15
$220,100
3
1.5
1,597
Off Market
231 W 7th St, Lapel, IN 46051
0.12
$283,800
3
2.5
1,360
Off Market
227 W 7th St, Lapel, IN 46051
0.12
$210,400
3
2
1,403
Off Market
108 W 5th St, Lapel, IN 46051
0.15
$105,000
3
1
952
Recently Sold
106 W 4th St, Lapel, IN 46051
0.17
$164,700
3
1.5
1,313
Off Market

Local Information

  • Map ViewExplore the area around 331 W 5th St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1980
1,276 sqft
$191/sqft
1 Car Garage

About this House

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 **
331 W 5th St, Lapel, IN 46051 is a 3 bedroom, 2 bathroom, 1,276 sqft single-family home built in 1980. It last sold for the $229,900 asking price on Aug 13, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $243,400, with a rent estimate of $1,729/month.
Last check for updates: about 2 hours ago
Listed by Heather Upton
Keller Williams Indy Metro NE
Hilary Cabiness
Keller Williams Indy Metro NE
Bought with: Daimon Buck, (317) 995-1815, F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID, MLS#22036821

Home Details for 331 W 5th St

Active Status

MLS Status: Sold

Interior Features

Interior Details
Number of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Family Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 1276 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Exhaust Fan, Electric Oven, RefrigeratorDishwasherRefrigerator
Heating & Cooling
Heating: Radiant CeilingNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Radiant Ceiling
Levels, Entrance, & Accessibility
Stories: 1Levels: One

Exterior Features

Exterior Home Features
Patio / Porch: DeckOther Structures: StorageFoundation: Block
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageHas an Attached GarageParking Spaces: 1Parking: Attached,Concrete
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 6

Property Information

Year Built
Year Built: 1980
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: BrickNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 481028402085000032

Price & Status

Price
List Price: $229,900
Status Change & Dates
Off Market Date: Mon Jul 07 2025Possession Timing: Close Of Escrow

Location

Direction & Address
City: LapelCommunity: Earle S Cascaddens
School Information
Jr High / Middle School: Lapel Middle SchoolHigh School District: Frankton-Lapel Community Schools

Building

Building Area
Building Area: 1276 Square Feet

HOA

No HOA

Lot Information

Lot Area: 7405.2 sqft

Listing Info

Special Conditions: As Is, Estate

Miscellaneous

Mls Number: 22036821

Price and Tax history

DateEventPrice
Aug 13, 2025
Source: MIBOR as distributed by MLS GRID #22036821
Sold
$229,900
Jul 7, 2025
Source: MIBOR as distributed by MLS GRID #22036821
Pending
$229,900
Jul 3, 2025
Source: MIBOR as distributed by MLS GRID #22036821
Listed For Sale
$229,900
May 30, 2025
Source: MIBOR as distributed by MLS GRID #22036821
ListingRemoved
$229,900
May 8, 2025
Source: MIBOR as distributed by MLS GRID #22036821
Pending
$229,900

Market trends in Lapel

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
16
3MoM

Around this home

What Locals Say about Lapel

At least 10 Trulia users voted on each feature.

  • 100 % Say parking is easy

  • 100 % Say it's dog friendly

  • 95 % Say it's walkable to restaurants

  • 95 % Say kids play outside

  • 88 % Say there's holiday spirit

  • 86 % Say people would walk alone at night

  • 71 % Say yards are well-kept

  • 70 % Say neighbors are friendly

  • 60 % Say streets are well-lit

  • 60 % Say it's quiet

  • 59 % Say car is needed

  • 56 % Say there are sidewalks

  • 47 % Say there are community events

  • 44 % Say there's wildlife

  • 44 % Say they plan to stay for at least 5 years

  • 25 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Hope Walker
    "Nothing that I can think of. The neighborhood is very dog friendly"
    0
    Flag
  • Taylor B.
    "Lapel is a great place for dogs! There’s many different places to take them on walks and the speed limit is only 20 mph through most of town. Very pet friendly area! "
    0
    Flag
  • Taylor B.
    "It is a very friendly, safe neighborhood to ride bikes or go on walks. I’ve lived here for years and went to school here, it was a great place to grow up. "
    0
    Flag
  • Wila
    "The annual Village Fair which has town wide yard sales, a parade, & downtown Lapel is blocked off with food & craft vendors. Our Schools rank in the top schools in the state. Our sports teams are competitive for a small school. Neighbors help each other like family! Local churches host community events along with different local organizations for things like a fish fry or Fall Bazaar."
    0
    Flag
  • Lorine n.
    "It is a small town, feel country-like but still close to many city conveniences (within 20-30 minutes). "
    0
    Flag
  • Lorine n.
    "I live here now. I have had friends that have lived here their entire lives and can’t imagine living anywhere else. "
    0
    Flag
  • MD W.
    "I work here and know many people here. It's an amazing small town. For those of you who don't like traffic congestion and noice - this is THE PLACE to live in NE metro Indianapolis."
    0
    Flag
  • grimmy1972
    "Great schools, quiet and safe community, and friendly people. Short drive to Anderson, Noblesvile, Fishers and Indy."
    0
    Flag
  • Sharon N. W. D.
    "I moved to the town of Lapel 24 yrs. ago and have enjoyed living here very much. I do regret that the community leaders have not pushed for more shopping or parking in the downtown. If an organization such as Main Street USA were brought in this could make such a difference towards addressing these needs. A progressive town board as well as other boards, is needed. Lapel sets in an ideal location as it did so many years ago when the railroad was brought through and the town was created---highway 37, 32 and 69 are our railroad crossing today."
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  • Sharon N. W. D.
    "Lapel is a very family oriented community. Everyone is friendly, a wave or hello is always being given. They allow golf carts for in- town commuting, and during the Village Fair that is the desired mode of transportation. They have a great marching band at both Jr. High and High School level and athletic departments at both. A great volunteer fire department, parks department and involved town board. They are building a park for various sports (smaller version of Westfield) as well as a dog park. They also have two existing parks, with a water park located in one. The town has a library (Anderson branch) which is very inviting for readers, if they don't have it they will get it. Lapel is a very safe place to live with neighbors watching out for each other. The only thing that is lacking within the town itself is places to shop but Noblesville, Fishers, and Anderson are just minutes away. I would highly recommend Lapel, In. to anyone who wants all the perks of living near to everything but low cost of living, and the quaintness of a small town."
    0
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LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-17 05:08:19 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

Frequently asked questions about 331 W 5th St

  • What is 331 W 5th St estimated to be worth?
    Trulia's estimated value for 331 W 5th St in Lapel, IN is $243,400.
  • What is the price history for 331 W 5th St?
    331 W 5th St in Lapel, IN last sold for $229,900 in August 2025.
  • Is Lapel a buyer's or seller's market?
    Lapel is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Lapel?
    Residents describe Lapel, IN as easy to park in, dog-friendly, and walkable to restaurants. See recently sold homes in Lapel, IN.
  • Does 331 W 5th St have laundry facilities?
    Yes, 331 W 5th St in Lapel, IN has laundry facilities.
  • How big is the lot at 331 W 5th St?
    The lot at 331 W 5th St in Lapel, IN is about 0.17 acres (7,405 sq ft).

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