Active

Price cut: $5K (6/23)

$164,900

1403 Madison Rd, Elwood, IN 46036

3beds

1,938sqft

$1,158/mo

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Residential, Single Family Residence

Built in 1958

0.28 Acres Lot

$-- Zestimate^®

$85/sqft

$-- HOA

What's special

Spacious patioFurnace and central airStorage shed on cementLong drivewayUpdated roof and windows

Motivated Seller wants to Welcome you home to this Single-Story charming 3 bedroom, 1 bath ranch situated on a spacious lot in Elwood. With nearly 2,000 square feet of living space, this home offers plenty of room to spread out and make it your own. It comes with a washer, dryer, refrigerator, dishwasher, stove, microwave. Kitchen cabinets were recently replaced, along with furnace and central air. Kitchen and bedrooms freshly painted, and carpets professionally cleaned. There is a separate entrance door to create a perfect home office, hobby room, or play space. Outside, the large backyard offers plenty of space for gardening, outdoor activities, pets, or simply relaxing. It has a spacious patio, and it is adorned with several types of plants and flowers. There is a long driveway, storage shed on cement. The home exterior is brick and vinyl with updated roof and windows. 1403 Madison Rd presents a great opportunity to create a space that truly feels like home.

114 days

431

8

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 3

Primary bedroom

Level: Main
Area: 140 Square Feet
Dimensions: 14X10

Bedroom 2

Level: Main
Area: 120 Square Feet
Dimensions: 12X10

Bedroom 3

Level: Main
Area: 120 Square Feet
Dimensions: 12X10

Dining room

Features: Tile-Ceramic
Level: Main
Area: 210 Square Feet
Dimensions: 15X14

Kitchen

Features: Tile-Ceramic
Level: Main
Area: 210 Square Feet
Dimensions: 15X14

Laundry

Features: Other
Level: Main
Area: 48 Square Feet
Dimensions: 8X6

Living room

Level: Main
Area: 406 Square Feet
Dimensions: 29X14

Office

Level: Main
Area: 140 Square Feet
Dimensions: 14X10

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Gas Water Heater, MicroHood, Gas Oven, Refrigerator, Washer
Laundry: Main Level

Features

Attic Access, Cathedral Ceiling(s), Eat-in Kitchen
Has basement: No
Attic: Access Only
Number of fireplaces: 1
Fireplace features: Living Room, Wood Burning

Interior area

Total structure area: 1,938
Total interior livable area: 1,938 sqft

Property

Parking

Parking features: Concrete

Features

Levels: One
Stories: 1
Patio & porch: Patio

Lot

Size: 0.28 Acres

Details

Parcel number: 480421100032000027
Special conditions: Estate
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Residential, Single Family Residence

Materials

Brick, Vinyl With Brick
Foundation: Slab

Condition

New construction: No
Year built: 1958

Utilities & green energy

Electric: Circuit Breakers
Water: Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Features: Low Maintenance Lifestyle
Subdivision: No Subdivision

HOA

Has HOA: No

Location

Region: Elwood

Financial & listing details

Price per square foot: $85/sqft
Tax assessed value: $96,500
Annual tax amount: $278
Date on market: 4/6/2026
Cumulative days on market: 115 days

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/23/2026	Price change	$164,900-2.9%$85/sqft
Source: MIBOR as distributed by MLS GRID #22093388 Report a problem
5/15/2026	Price change	$169,900-5.6%$88/sqft
Source: MIBOR as distributed by MLS GRID #22093388 Report a problem
4/6/2026	Listed for sale	$180,000$93/sqft
Source: MIBOR as distributed by MLS GRID #22093388 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$279 +50.8%	$96,500 +20.2%
2024	$185 +93.6%	$80,300 +9%
2023	$95 -86.1%	$73,700 +1.4%
2022	$687 +7.5%	$72,700 +7.1%
2021	$639 +2.2%	$67,900 +7.3%
2020	$625 +0.8%	$63,300 +2.3%
2019	$620 +1.1%	$61,900 +2.5%
2018	$613 -10.2%	$60,400 +1.2%
2017	$683 +1.5%	$59,700 -3.2%
2016	$673 +0.9%	$61,700 +1%
2014	$667	$61,100
2013	$667 +0.2%	$61,100 +1.5%
2012	$666	$60,200 -5%
2011	--	$63,400
2010	$682 +44.1%	$63,400 +5.3%
2009	$473	$60,200 -0.5%
2006	--	$60,500 +13.1%
2005	--	$53,500

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 46036

Getting around

29 / 100

Car-Dependent

32 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

NA
Elwood Elementary School
Grades: PK-2Distance: 1.6 mi
4/10
Elwood Junior-Senior High School
Grades: 7-12Distance: 1.9 mi
4/10
Elwood Intermediate School
Grades: 3-6Distance: 2.1 mi

Schools provided by the listing agent

Elementary: Elwood Elementary School

Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.