Listing courtesy of eXp Realty, LLC · Listing agent: Cara Warren

Virtual tour
ActiveSite-Built Home

1501 Panama Street

$205,000

$158.91 / sq ft

Est. $1,247/mo

Mishawaka, IN 46544Milburn Place

Original price $215,000 · Price reduced on September 23, 2026

  • 2.5-car garage
  • Basement
Bedrooms
2
Bathrooms
2
Living area
1,290 sq ft
Lot
0.27 ac
Year built
1926
Type
Site-Built Home
Listed
August 25, 2026
MLS #
202634872

About this home

Don't miss this charming 2 bedroom, 2 bath home with a fantastic location and plenty of character! Enjoy watching Marian football games right from your dining room table-no tickets required! The finished upstairs attic area offers additional flexible space for a home office, guest area, hobby room, or whatever suits your needs. You'll love the combination of beautiful original hardwood floors and new flooring throughout the rest of the home. An enclosed porch provides a comfortable space to relax and enjoy the outdoors in any season. Outside, enjoy three separate fenced yard areas offering versatility for pets, gardening, entertaining, or outdoor activities. The heated 2 car detached garage is great for winter time projects. The above-ground pool remains, ready for summer fun. Major updates include a roof that is only 2 years old, a 2 year old water heater, and a furnace and A/C approximately 9 years old. A home full of charm, updates, and unique features in a location you won't want to miss!

Monthly payment estimate

$1,247/mo

Principal & interest
$1,122
Property taxes
$65
Homeowners insurance
$60
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Levels
One
Total rooms
7
Total area
2,308 sq ft
Finished area above grade
1,290 sq ft
Unfinished area below grade
1,018 sq ft
Below grade total
1,018 sq ft
Bedrooms above grade
2
Full baths, main level
1
Full baths, below grade
1
Basement
Unfinished
Heating
Forced Air, Wall Heater
Cooling
Central Air, Window Unit(s)
Laundry
Lower Level

Exterior & parking

Construction
Aluminum Siding
Garage spaces
2.5
Attached garage
No
Garage type
Detached
Garage sq ft
720 sq ft
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Subdivision
Milburn Place
Lot features
Level
Lot size (acres)
0.27 ac
Lot dimensions
82X144
County
St. Joseph County
Township
Penn
Platted
Yes
Planned unit development
No
Directions
Milburn to Jackson to Panama

Schools

Elementary school
Lasalle
Middle school
John Young
High school
Mishawaka
School district
School City of Mishawaka

Taxes & terms

Annual taxes
$775
Tax year
2026
Tax exemptions
Homestead, Over 65
Listing terms
Conventional, FHA, VA
Possession
Negotiable
Parcel number
71-09-17-485-004.000-023

Included in the sale

Included in sale
Microwave,Refrigerator,Cooktop-Electric,Oven-Electric,Range-Electric

Utilities

Water
City
Sewer
Public Sewer

Location

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$205,000

2 beds · 2 baths