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Rural ResidenceResidential
$892,000$235 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 82How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026

7940 E STATE ROAD 47

WAVELAND, IN 47989
4
Beds
1
Baths
3,791 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
14.59 ac
Lot SizeThe size of the land the home sits on, from county records.
2016
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
10
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$892K
$731K low$1.1M high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,941 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$819,700 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$36,600
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$783,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$955,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$819,700

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.55
77
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
15
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
78
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
82
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
27
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.61 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.1 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Rural Residence
CountyPARKE
Lot (acres)The size of the land the home sits on, from county records.14.59
ConstructionThe main material the home's frame and walls are built from.Brick
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Mixed
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Parke Heritage Middle SchoolC
Middle · Grades 6–8 · 6.3 mi
E
Turkey Run Elementary SchoolC+
Elementary · Grades KG–5 · 6.3 mi
H
Parke Heritage High School
High · Grades 9–12 · 10.9 mi

District: North Central Parke Community School Corporation

Neighborhood · ZIP 47989These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.104
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.105
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.54

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.90%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.19%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.7%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.1,361
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.32 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$96,656
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$109,711
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.41 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

7940 E State Road 47 measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Among the most valuable homes in Waveland 47989
  • Costs more per square foot than 96% of homes in Waveland 47989
  • Bigger than 97% of homes in Waveland 47989
  • Has a bigger lot than 87% of homes in Parke County
  • Newer than 96% of homes in Waveland 47989

What homes are worth in Waveland 47989

Each bar is how many homes fall in that price range. The marker is this home.

This home
$66K$682K

This home is worth more than almost all homes in Waveland 47989.

How it measures up in Waveland 47989

The dot is this home. The mark in the middle is the typical home in Waveland 47989.

Estimated value$892,000
CheaperTypical $181,215Pricier

Pricier than almost all homes nearby

Price per ft²$235
CheaperTypical $109Pricier

Pricier than 96% of homes nearby

Living area3,791 ft²
SmallerTypical 1,728 ft²Bigger

Bigger than 97% of homes nearby

Lot size14.59 ac
SmallerTypical 1.16 acBigger

Bigger than 86% of homes nearby

Year built2016
OlderTypical 1967Newer

Newer than 96% of homes nearby

How 7940 E State Road 47 ranks against every home in each area.
MeasureThis homeWaveland 47989Parke County
Estimated valuepricier than$892,000almost all homesalmost all homes
Price per ft²pricier than$23596% of homes87% of homes
Living areabigger than3,791 ft²97% of homes97% of homes
Lot sizebigger than14.59 ac86% of homes87% of homes
Year builtnewer than201696% of homes95% of homes

About 7940 E State Road 47

How much is 7940 E State Road 47, Waveland, IN worth?

The TopHap Estimate for 7940 E State Road 47, Waveland, IN is $892,000 as of Oct 21, 2026. The likely range is $730,886 to $1,053,114. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7940 E State Road 47, Waveland, IN last sell?

7940 E State Road 47, Waveland, IN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 7940 E State Road 47, Waveland, IN?

7940 E State Road 47, Waveland, IN has 4 bedrooms, 1 bathrooms, 3,791 square feet of living space and a 14.59-acre lot.

When was 7940 E State Road 47, Waveland, IN built?

7940 E State Road 47, Waveland, IN was built in 2016, making it 10 years old. The building has 1 story.

What schools serve 7940 E State Road 47, Waveland, IN?

7940 E State Road 47, Waveland, IN is assigned to Parke Heritage Middle School (middle), rated C; Turkey Run Elementary School (elementary), rated C+; Parke Heritage High School (high). All sit in North Central Parke Community School Corporation. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 7940 E State Road 47, Waveland, IN compare to other homes in Waveland 47989?

Among the 550 homes in Waveland 47989, it is worth more than almost all of them ($892,000 against a typical $181,215), its price per square foot is higher than 96% of them ($235 against a typical $109), it is bigger than 97% of them (3,791 ft² against a typical 1,728 ft²), its lot is bigger than 86% of them (14.59 ac against a typical 1.16 ac) and it is newer than 96% of them (2016 against a typical 1967). Measured against all of Parke County, it is worth more than almost all homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 7940 E State Road 47, Waveland, IN?

The 2025 property tax bill for 7940 E State Road 47, Waveland, IN was $3,941. The county assessed it at $819,700.

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