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8273 E State Road 56, Vevay, IN, 47043

4beds
2baths
2,708sqft
$275,000
$102price/sqft
$1,952/moest. monthly cost
$78,080/yrincome needed

About This Home

Location is key, and this property sits between two of the "Best Small Midwest Towns in America," according to USA Today. Conveniently located between Madison and Vevay, this versatile 10 acre tract offers a mix of residential, recreational, and small business potential. The parcel features about 1,100 feet of State Road 56 frontage and roughly 100 feet on E Splinter Ridge Road. A paved road that once served as the main highway now winds privately through the property, creating a unique paved drive for walking, biking, or vehicle access. Originally built in 1900, the historic home reflects craftsmanship from its era, still visible in portions of the rafters and framing. The residence has been improved with a new HVAC system, furnace, water filtration system, roof, windows, and kitchen cabinets. There are four bedrooms according to County GIS plus 2 bathrooms and a laundry room. There are several other rooms for storage or office use. The property also includes barns and outbuildings suitable for equipment storage, workshops, or other uses. The tract adjoins Splinter Ridge Fish and Wildlife Area, providing access to an additional 127 acres of public hunting and recreation ground. Several mature deer have been harvested as wildlife move along the wooded hillsides and nearby crop fields. Lower portions of the property feature native Pawpaw trees, while mature Oak, Maple, Hickory, and Sycamore cover the upper canopy. Outdoor recreation continues beyond the property, with nearby public ramps to the Ohio River and Indian-Kentuck Creek for fishing, boating, and waterfowl hunting. The location offers quick access to shopping and dining in Madison and Vevay, with Belterra Casino and multiple golf courses within an hour's drive. The Milton-Madison Bridge provides easy access into Kentucky, just ten minutes away. This property's combination of versatility, accessibility, and recreation potential makes it a standout in southeastern Indiana.

Getting Around

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

Schools

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone
  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Oven

Basement

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

Bedroom2

  • Level: Upper
  • Area: 100
  • Dimensions: 10 x 10

Bedroom3

  • Level: Upper
  • Area: 100
  • Dimensions: 10 x 10

Bedroom4

  • Level: Upper
  • Area: 100
  • Dimensions: 10 x 10

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Dining Room

  • Level: Main
  • Area: 256
  • Dimensions: 16 x 16

Features

  • High Speed Internet
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,708
  • Total interior livable area: 2,708 sqft

Kitchen

  • Level: Main
  • Area: 256
  • Dimensions: 16 x 16

Laundry

  • Level: Main
  • Area: 81
  • Dimensions: 9 x 9

Living Room

  • Level: Main
  • Area: 256
  • Dimensions: 16 x 16

Master Bedroom

  • Level: Main
  • Area: 256
  • Dimensions: 16 x 16

Property

Details

  • Parcel number: 391107000003001008
  • Horse amenities: None

Features

  • Levels: Three Or More
  • Patio & porch: Deck
  • Exterior features: Storage
  • Has view: Yes
  • View description: Creek/Stream,Forest,Rural,Trees/Woods
  • Has water view: Yes
  • Water view: Creek/Stream
  • On waterfront: Yes
  • Waterfront features: Creek

Lot

  • Lot size: 10 Acres
  • Features: Rural - Not Subdivision,Mature Trees,Trees-Small (Under 20 Ft),Wooded

Parking

  • Total spaces: 1
  • Parking features: Detached,Gravel
  • 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
  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

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

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 $1,390$16,680
Home Insurance *$168$2,016
Property Taxes $146$1,752
Electricity $248$2,978
Total$1,952$23,424
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$66,925/yr
40% on housing$58,560/yr
45% on housing$52,053/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: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.0%
2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$102This listing

vs Other Active Listings

Avg $/sqft

ZIP 47043$163
Jefferson County$139

vs Homes Sold Last Month

Median $/sqft

ZIP 47043
Jefferson County$145

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)

No zestimate history available

Price History

DateEventPrice
2026-04-20Price change$275,000
2025-11-08Listed for sale$300,000

For Sale by Agent

AgentBrad Garrison
BrokerageWhitetail Properties

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