520 Walnut St, Lapel, IN 46051
OFF MARKET

520 Walnut St
Lapel, IN 46051

  • 2 Beds
  • 1.5 Baths
  • 1,244 sqft

$172,300

Trulia Estimate
as of Jun 18, 2026
Est. Refi. Payment $1,040/mo*
Refinance Your Home

$172,300

Trulia Estimate
as of Jun 18, 2026
Est. Refi. Payment $1,040/mo*
Refinance Your Home
2 Beds
1.5 Baths
1,244 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Calling all investors looking for a simple project! This home is ready for your creative vision with several essentials already done. This ranch is an amazing opportunity located in sought-after Lapel. 1,244 square feet of living space with 2 bedrooms & 1.5 bathrooms. It used to be 3 bedrooms & could easily become that again just by adding a wall. Home has been handled with care for many years. Kitchen has tons of space & lots of opportunity. Family room is flooded with natural light creating an inviting atmosphere. Master bedroom comes with ample closet space. Backyard is perfect for relaxing/entertaining. Home also comes with a 2-car attached garage. Close to schools, parks, shops, restaurants & downtown Lapel. Schedule a showing & explore the possibilities!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 06, 2024

Home Highlights

Parking
2 Car Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 520 Walnut St

Active Status

MLS Status: Sold

Interior Features

Interior Details
Number of Rooms: 5Types of Rooms: Master Bedroom, Bedroom 2, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 1244 Square Feet
Appliances & Utilities
Utilities: Electricity ConnectedAppliances: None
Heating & Cooling
Heating: Forced AirHas CoolingHas HeatingHeating Fuel: Forced Air
Gas & Electric
Has Electric on Property
Levels, Entrance, & Accessibility
Stories: 1Levels: One

Exterior Features

Exterior Home Features
Foundation: Crawl Space
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 2

Property Information

Year Built
Year Built: 1964
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: BrickNot a New ConstructionNot Attached Property
Property Information
Condition: FixerParcel Number: 481028401079000032

Price & Status

Price
List Price: $150,000
Status Change & Dates
Off Market Date: Sat May 11 2024Possession Timing: Close Of Escrow

Location

Direction & Address
City: LapelCommunity: No Subdivision
School Information
Jr High / Middle School: Lapel Middle SchoolHigh School District: Frankton-Lapel Community Schools

Agent Information

Buyer Agent
Buyer Company Name: Scherrer Bros

Building

Building Area
Building Area: 1244 Square Feet

HOA

No HOA

Lot Information

Lot Area: 8712 sqft

Listing Info

Special Conditions: Estate

Miscellaneous

Mls Number: 21978726Attic: Access Only
Last check for updates: about 4 hours ago
Listed by Alexander Elston, (317) 730-4222
United Real Estate Indpls
Bought with: Paul Scherrer, (317) 255-7285, United Real Estate Indpls
Source: MIBOR as distributed by MLS GRID, MLS#21978726

Price History for 520 Walnut St

DatePriceEventSource
06/05/2024$177,500Sold
MIBOR as distributed by MLS GRID #21978726
05/12/2024$150,000PendingMIBOR as distributed by MLS GRID #21978726
05/10/2024$150,000Listed For SaleMIBOR as distributed by MLS GRID #21978726

Market trends in Lapel

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
15
7MoM
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Homeowner tools

Estimated monthly rent$1,232/mo
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Homes for rent near 520 Walnut St

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Comparable Sales for 520 Walnut St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
724 Central Ave, Lapel, IN
0.14
Single-Family Home
$190,000
09/29/25
2
2
1,388
426 S Walnut St, Lapel, IN
0.06
Single-Family Home
$144,000
09/24/25
2
1
1,008
535 Central Ave, Lapel, IN
0.04
Single-Family Home
$210,000
05/08/26
3
2
1,234
1019 John St, Lapel, IN
0.30
Single-Family Home
$145,000
12/31/25
3
1
1,156
602 Tuscany Trl, Lapel, IN
0.15
Single-Family Home
$303,000
08/22/25
3
2
1,635
109 W 9th St, Lapel, IN
0.33
Single-Family Home
$253,000
08/29/25
3
1.5
1,402
310 S Ford St, Lapel, IN
0.29
Single-Family Home
$168,500
10/09/25
2
1
800
303 W 7th St, Lapel, IN
0.41
Single-Family Home
$165,000
06/26/25
2
1
1,008
514 S Woodward St, Lapel, IN
0.12
Single-Family Home
$285,000
10/15/25
3
2
2,613
1220 N Main St, Lapel, IN
0.46
Single-Family Home
$175,000
07/10/25
2
1
816

Nearby homes

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Assigned Schools

These are the assigned schools for 520 Walnut St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • 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! "
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    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. "
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    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."
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    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
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  • 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."
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  • grimmy1972
    "Great schools, quiet and safe community, and friendly people. Short drive to Anderson, Noblesvile, Fishers and Indy."
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  • 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."
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Homes for sale near 520 Walnut St

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Off Market Homes Near 520 Walnut St

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Based on information submitted to the MLS GRID as of 2026-06-18 05:37:57 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
520 Walnut St, Lapel, IN 46051 is a 2 bedroom, 2 bathroom, 1,244 sqft single-family home built in 1964. This property is not currently available for sale. 520 Walnut St was last sold on Jun 5, 2024 for $177,500 (18% higher than the asking price of $150,000). The current Trulia Estimate for 520 Walnut St is $172,300.