Pending

$64,900

8038 S Us Highway 421, Madison, IN 47250

3beds

2,616sqft

N/A

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Residential, Single Family Residence

Built in 1900

1.85 Acres Lot

$-- Zestimate^®

$25/sqft

$-- HOA

What's special

Investor opportunity! Situated on a 1.85-acre corner lot, this property offers outstanding potential for renovation, rental income, or future development. The property includes a 40' x 30' pole barn with a concrete floor and electricity, providing excellent storage or workshop space. The home is in need of repairs and is ready for your vision. Sold AS IS. Seller makes no warranties, expressed or implied.

37 days
20
0

Facts & features

Interior

Bedrooms & bathrooms

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

Bedroom 2

Level: Upper
Area: 224 Square Feet
Dimensions: 16X14

Bedroom 3

Level: Upper
Area: 168 Square Feet
Dimensions: 14X12

Other

Level: Main
Area: 120 Square Feet
Dimensions: 10X12

Dining room

Level: Main
Area: 156 Square Feet
Dimensions: 12X13

Kitchen

Level: Main
Area: 140 Square Feet
Dimensions: 10X14

Living room

Level: Main
Area: 168 Square Feet
Dimensions: 14x12

Play room

Features: Other
Level: Main
Area: 80 Square Feet
Dimensions: 10X8

Heating

Other

Cooling

Window Unit(s)

Appliances

Included: None

Features

Ceiling Fan(s)
Has basement: Yes

Interior area

Total structure area: 2,616
Total interior livable area: 2,616 sqft
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: Detached
Garage spaces: 4

Features

Levels: One and One Half
Stories: 1
Patio & porch: Covered

Lot

Size: 1.85 Acres
Features: Corner Lot

Details

Parcel number: 691820200006000020
Special conditions: As Is,In Foreclosure,Sales Disclosure Not Required,Other

Construction

Type & style

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

Materials

Vinyl Siding
Foundation: Block

Condition

New construction: No
Year built: 1900

Utilities & green energy

Water: Public

Community & HOA

Community

Subdivision: No Subdivision

HOA

Has HOA: No

Location

Region: Madison

Financial & listing details

Price per square foot: $25/sqft
Tax assessed value: $111,800
Annual tax amount: $460
Date on market: 7/29/2026
Cumulative days on market: 31 days

Estimated market value

Not available

Estimated sales range

Not available

Price history

Price history is unavailable.

Public tax history

Year	Property taxes	Tax assessment
2025	$406 -2.3%	$111,800 +18.8%
2024	$416 -10.3%	$94,100
2023	$463 -19.8%	$94,100 -3.6%
2022	$578 +3.3%	$97,600 -9.5%
2021	$560 +34%	$107,900
2020	$417 +3.6%	$107,900 +14.1%
2019	$403 +9.9%	$94,600 -1.3%
2018	$367 +4.6%	$95,800 +1.1%
2017	$351	$94,800
2016	--	$94,800

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.

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Climate risks

Neighborhood: 47250

Getting around

0 / 100

Car-Dependent

26 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

7/10
South Ripley Elementary School
Grades: PK-6Distance: 7.9 mi
7/10
South Ripley Junior High School
Grades: 7-8Distance: 8 mi
6/10
South Ripley High School
Grades: 9-12Distance: 8 mi

Schools provided by the listing agent

Middle: South Ripley Junior High School
High: South Ripley High 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.