Pending

Price cut: $10K (10/9)

$280,000

235 E Schafer Ln, Madison, IN 47250

4beds

2,074sqft

$1,767/mo

Get pre-qualified

Single Family Residence

Built in 1943

0.81 Acres Lot

$267,700 Zestimate^®

$135/sqft

$-- HOA

What's special

Multi-generational livingTwo private entrancesQuiet dead-end roadHome office setupFlexible layoutSurrounded by mature trees

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.

58 days
450
14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Features

Has basement: No

Interior area

Total structure area: 2,074
Total interior livable area: 2,074 sqft

Property

Lot

Size: 0.81 Acres

Details

Parcel number: 390811000007000006

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

Year built: 1943

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $135/sqft
Tax assessed value: $209,400
Annual tax amount: $1,512
Date on market: 9/16/2026
Lease term: Contact For Details

Estimated market value

$267,700

$254,000 - $281,000

$2,027/mo

Price history

Date	Event	Price
11/5/2026	Pending sale	$280,000$135/sqft
Source: NextHome #2026011732 Report a problem
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