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5280 S Macadam Dr, Poland, IN, 47868

2beds
2baths
1,824sqft
$239,900
$132price/sqft
$1,811/moest. monthly cost
$72,440/yrincome needed

About This Home

Welcome to 5280 S Macadam Dr, a beautifully renovated 2-bedroom, 2-bath home tucked away near Cataract Lake. This property has undergone a complete transformation over the last couple of years with all new log siding, updated interiors, and modern finishes throughout. The spacious concrete driveways and parking areas provide plenty of room for vehicles, boats, and guests, while the inviting deck offers the perfect place to relax and enjoy the wooded surroundings. Inside, you'll find warm log cabin charm paired with modern updates, including a fully remodeled kitchen with new appliances, stylish bathrooms, and comfortable living spaces filled with natural light. The home backs up to Army Corps of Engineers property, giving you privacy and a natural setting right out your back door. While the property itself does not offer direct water access, the Cataract Lake boat ramp is just 0.4 miles down the road, making it easy to enjoy boating, fishing, and all the recreation the lake has to offer. Whether you're looking for a full-time residence, a weekend getaway, or an investment property, this move-in ready home combines rustic appeal with modern convenience in a peaceful lake setting.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

5/10
Cloverdale Middle SchoolGrades 5-85.9 mi
7/10
Cloverdale High SchoolGrades 9-125.9 mi
5/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1955

Materials

  • Foundation: Block
  • Construction materials: Log Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Gas Cooktop,Gas Water Heater,Microwave,Gas Oven,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Unfinished,Walk-Out Access

Bedroom2

  • Level: Main
  • Area: 240
  • Dimensions: 12'x20'

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Dining Room

  • Level: Main
  • Area: 84
  • Dimensions: 12'x7'

Features

  • Kitchen Island,Entrance Foyer,Ceiling Fan(s),Eat-in Kitchen
  • Number of fireplaces: 1
  • Fireplace features: Electric
  • Fireplace: Yes
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,824
  • Total interior livable area: 1,824 sqft

Kitchen

  • Level: Main
  • Area: 224
  • Dimensions: 14'x16'

Laundry

  • Features: Tile-Ceramic
  • Level: Main
  • Area: 108
  • Dimensions: 12'x9'

Living Room

  • Level: Main
  • Area: 480
  • Dimensions: 24'x20'

Master Bedroom

  • Level: Main
  • Area: 322
  • Dimensions: 23'x14'

Property

Details

  • Parcel number: 600328300580210019
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Breeze Way,Deck
  • Has view: Yes
  • View description: Lake,Trees/Woods,Valley
  • Has water view: Yes
  • Water view: Lake

Lot

  • Lot size: 6,534 sqft
  • Features: Mature Trees,Trees-Small (Under 20 Ft),Wedge

Parking

  • Total spaces: 1
  • Parking features: Attached,Concrete
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Hail
Heat Wave
Inland Flooding
Ice Storm
Landslide
Lightning
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,213$14,556
Home Insurance *$148$1,776
Property Taxes $266$3,192
Electricity $184$2,212
Total$1,811$21,732
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$62,091/yr
40% on housing$54,330/yr
45% on housing$48,293/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.8%
8.8%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.8%
1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$132This listing

vs Other Active Listings

Avg $/sqft

ZIP 47868$88
Owen County$132

vs Homes Sold Last Month

Median $/sqft

ZIP 47868$165
Owen County$164

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-20Listed for sale$265,000
2025-11-15Listing removed$285,000
2025-09-24Price change$285,000
2025-08-26Listed for sale$295,000
2021-03-24Listing removed--
2019-09-16Listing removed$82,000
2019-09-10Listed for sale$82,000
2015-05-22Listing removed$67,000
2015-03-05Listed for sale$67,000
2015-02-13Listing removed$825
2015-01-14Listed for rent$825
2015-01-03Listing removed$78,000
2014-04-05Price change$78,000
2014-01-04Listed for sale$83,000
2010-06-30Sold$70,000

For Sale by Agent

AgentDevin Stader
BrokerageMatlock Realty Group

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