Looking for a property that offers space, privacy, and plenty of possibilities? Welcome to East Schafer Lane in Madison, Indiana! Tucked away on a quiet dead-end road and surrounded by mature trees, this home offers a peaceful setting with the convenience of being just a short drive from downtown Madison, local shopping, dining, schools, and everyday amenities.
The flexible layout features two private entrances, creating options for separate living quarters, multi-generational living, a home office setup, or potential income-producing space. Whether you're searching for a home with room to spread out, space to accommodate changing needs, or a property you can make your own, this one offers versatility in a great Madison location. Enjoy the privacy of the tree-lined setting while staying within easy reach of everything this historic river town has to offer. Come explore the possibilities!
Square footage and room sizes are approximate; buyer to verify.
For sale
Price cut: $10K (10/9)
$280,000
235 E Schafer Lane, Madison, IN 47250
4beds
2,074sqft
Single Family Residence
Built in 1943
0.81 Acres Lot
$270,300 Zestimate®
$135/sqft
$-- HOA
What's special
Two private entrancesQuiet dead-end roadFlexible layoutSurrounded by mature trees
- 28 days
- 1,052
- 49
Zillow last checked:
Listing updated:
Listed by:
Cherronna Jones-Owens,
NextHome Wilson Real Estate
Source: SIRA,MLS#: 2026011732
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: Can be used as Bedroom or Living Room
- Level: First
- Dimensions: 19 x 30
Bedroom
- Level: First
Bedroom
- Level: First
Bedroom
- Level: First
Dining room
- Level: First
Other
- Level: First
Other
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Other
- Description: Bonus Room/Office
- Level: First
Other
- Level: First
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Oven, Range, Refrigerator
- Laundry: Main Level, Laundry Room
Features
- Ceiling Fan(s), Eat-in Kitchen, Main Level Primary, Pantry, Split Bedrooms
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,074
- Total interior livable area: 2,074 sqft
- Finished area above ground: 2,074
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
- Details: Off Street
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio, Porch
- Exterior features: Landscaping, Porch, Patio
Lot
- Size: 0.81 Acres
Details
- Additional structures: Garage(s), Shed(s)
- Parcel number: 390811000007000006
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: See Remarks
- Roof: Shingle
Condition
- New construction: No
- Year built: 1943
Utilities & green energy
- Water: Connected, Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Price per square foot: $135/sqft
- Tax assessed value: $209,400
- Annual tax amount: $1,633
- Date on market: 9/16/2026
- Cumulative days on market: 29 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Paved
Estimated market value
$270,300
$257,000 - $284,000
$1,951/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2026 | Price change | $280,000-3.4%$135/sqft |
Source:  SIRA #2026011732 Report a problem | ||
| 9/26/2026 | Price change | $290,000-3.3%$140/sqft |
Source: SIRA #2026011732 Report a problem | ||
| 9/16/2026 | Listed for sale | $300,000$145/sqft |
Source: SIRA #2026011732 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,512 +35.5% | $209,400 +18.1% |
| 2024 | $1,116 +8.1% | $177,300 +21.8% |
| 2023 | $1,033 +12.8% | $145,600 +9.3% |
| 2022 | $916 +13.5% | $133,200 +8.4% |
| 2021 | $807 +5% | $122,900 +6.5% |
| 2020 | $768 -76.5% | $115,400 |
| 2019 | $3,274 +112.2% | $115,400 |
| 2018 | $1,543 +116.1% | $115,400 +0.9% |
| 2017 | $714 -4.3% | $114,400 |
| 2016 | $746 +4.2% | $114,400 -0.1% |
| 2014 | $716 -5.8% | $114,500 -1% |
| 2013 | $760 -6.8% | $115,700 |
| 2012 | $815 +54.5% | $115,700 +19.2% |
| 2011 | $527 -7% | $97,100 +1.8% |
| 2010 | $567 +10.2% | $95,400 |
| 2009 | $515 -8.1% | $95,400 +0.5% |
| 2007 | $560 -30.6% | $94,900 +1.7% |
| 2006 | $807 | $93,300 +26.9% |
| 2005 | -- | $73,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 47250
Similar homes
- $319,9003 bd2 ba1.6k sqft3211 E Geyman Hill Road, Madison, IN 47250For Sale
MLS ID #2026012291, Scott Lynch, F.C. Tucker/Scott Lynch Group. SIRA - $265,0003 bd2 ba1.4k sqft132 Mouser Street, Madison, IN 47250For Sale
MLS ID #2026010890, Christi Sauley-Kernen, F.C. Tucker/Scott Lynch Group. SIRA - $274,9004 bd2 ba1.4k sqft152 E CR 350 N, Madison, IN 47250For Sale
MLS ID #2026011539, John Harrell, Coldwell Banker Harrell & Asso. SIRA - $269,9003 bd2 ba1.3k sqft709 Montclair Street, Madison, IN 47250For Sale
MLS ID #2026012233, Tony Bilz, F.C. Tucker/Scott Lynch Group. SIRA - $289,9003 bd2 ba1.3k sqft3115 N State Route 7, Madison, IN 47250For Sale
MLS ID #1727904, Jim Pruett, EXP Realty LLC. Metro Search Inc. LLC DBA Apex MLS - $249,9003 bd2 ba1.2k sqft410 Mouser St, Madison, IN 47250For SaleMLS ID #1729501, Jim Pruett, EXP Realty LLC. Metro Search Inc. LLC DBA Apex MLS
- $289,9003 bd2 ba2.1k sqft90 Raker Rd, Milton, KY 40045For SaleMLS ID #1731706, Patrick Pollard, Pollard Realty. Metro Search Inc. LLC DBA Apex MLS
