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548 E State Road 28, Alexandria, IN, 46001

4beds
2baths
2,054sqft
$274,988
$134price/sqft
$1,966/moest. monthly cost
$78,640/yrincome needed

About This Home

Ever wanted to live away from all the noise of the city but still want access to everything fun? Well this might just be for you! How about a home that offers bi-level floor plan and design with bedrooms and baths on both levels, comfortable living space on both levels and acreage? It is also important to note the peace and serenity of the location and all of the possibilities that can exist for the next owner. Oversized 2 car detached garage with work bench and gravel drive also a plus.

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1965

Materials

  • Foundation: Block
  • Construction materials: Aluminum Siding,Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Oven,Refrigerator,Water Heater,Microwave,Washer,Dryer,Dishwasher
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Finished,Interior Entry

Bedroom2

  • Features: Other
  • Level: Upper
  • Area: 110
  • Dimensions: 10x11

Bedroom3

  • Features: Other
  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Bedroom4

  • Features: Other
  • Level: Main
  • Area: 169
  • Dimensions: 13x13

Bedrooms & Bathrooms

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

Dining Room

  • Level: Basement
  • Area: 81
  • Dimensions: 9x9

Family Room

  • Features: Other
  • Level: Main
  • Area: 276
  • Dimensions: 12x23

Features

  • Eat-in Kitchen,Double Vanity
  • Finished area below ground: 1,196

Heating & Cooling

  • Heating features: Baseboard,Electric,Wood Stove
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 2,054
  • Total interior livable area: 2,054 sqft

Kitchen

  • Features: Other
  • Level: Basement
  • Area: 168
  • Dimensions: 12x14

Living Room

  • Level: Main
  • Area: 169
  • Dimensions: 13x13

Master Bedroom

  • Features: Other
  • Level: Main
  • Area: 81
  • Dimensions: 9x9

Property

Details

  • Parcel number: 480607400005000021
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2
  • Has view: Yes
  • View description: Rural

Lot

  • Lot size: 2.29 Acres

Parking

  • Total spaces: 21
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 21
  • Covered spaces: 21

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 WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Drought
Hail
Inland Flooding
Tornado
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 *$221$2,652
Property Taxes $167$2,004
Electricity $188$2,259
Total$1,966$23,592
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$67,405/yr
40% on housing$58,980/yr
45% on housing$52,426/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: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$134This listing

vs Other Active Listings

Avg $/sqft

ZIP 46001$72
Madison County$95

vs Homes Sold Last Month

Median $/sqft

ZIP 46001$96
Madison County$120

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
2026-08-12Pending sale$274,988
2026-07-10Listed for sale$274,988

For Sale by Agent

AgentKerry Wiggerly
BrokerageBerkshire Hathaway Home

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