Listing courtesy of Weichert Rltrs-J.Dunfee&Assoc. · Listing agent: Steve Weldy

Virtual tour
ActiveSite-Built Home

516 E Dragoon Trail

$125,000

$83.11 / sq ft

Est. $853/mo

Mishawaka, IN 46544

Original price $135,000 · Price reduced on July 30, 2026

  • 1.1 acres
  • 1-car garage
  • Fireplace
Bedrooms
3
Bathrooms
2
Living area
1,504 sq ft
Lot
1.14 ac
Year built
1950
Type
Site-Built Home
Listed
June 15, 2026
MLS #
202623404

About this home

Investor opportunity in Penn Schools! This 3-bedroom, 2-bath home is situated on a valuable 1+ acre lot on Dragoon Trail, just south of Mishawaka. Features include a living room with a fireplace, large family room, main floor laundry, a detached 1-car garage. and a convenient circular driveway. The property is in need of significant repairs and has extensive termite damage. Great potential for renovation, or land investment. Buyer should be aware that the City of Mishawaka will require connection to city water and sewer upon transfer. Property is being sold as-is. Square footage and measurements are approximate. Buyer to verify school assignments.

Monthly payment estimate

$853/mo

Principal & interest
$684
Property taxes
$132
Homeowners insurance
$37
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
1,504 sq ft
Finished area above grade
1,504 sq ft
Main level
1,504 sq ft
Bedrooms above grade
3
Full baths, main level
2
Basement
Crawl Space
Heating
Natural Gas, Forced Air
Cooling
Central Air
Fireplaces
1
Fireplace features
Living/Great Rm, One
Laundry
Main Level
Interior features
Eat-in Kitchen, Main Floor Laundry

Exterior & parking

Style
Ranch
Construction
Cedar
Roof
Shingle
Garage spaces
1
Attached garage
No
Garage type
Detached
Garage sq ft
280 sq ft
Parking
Circular Driveway
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Part Wooded, Sloped, 0-2.9999
Lot size (acres)
1.14 ac
Lot dimensions
irregular
Location type
City/Town/Suburb
Inside city limits
Yes
County
St. Joseph County
Township
Penn
Platted
Yes
Planned unit development
No
Directions
Union St/Bremen Hwy to Dragoon, East to 516 (S side of Dragoon).

Schools

Elementary school
Meadows Edge
Middle school
Grissom
High school
Penn
School district
Penn-Harris-Madison School Corp.

Taxes & terms

Annual taxes
$1,581
Tax year
2026
Tax exemptions
Homestead, Supplemental
Listing terms
Cash
Possession
Day of Closing
Parcel number
71-09-22-301-004.000-022

Utilities

Water
Well
Well
Private
Sewer
Septic Tank
Electric provider
Mishawaka Utility
Gas provider
NIPSCO

Location

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