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2721 Marsha Dr, Anderson, IN, 46012

3beds
2baths
1,375sqft
$220,000
$160price/sqft
$1,552/moest. monthly cost
$62,080/yrincome needed

About This Home

Recently renovated and move-in ready, this versatile 3 bed, 1.5 bath brick ranch sits on a spacious oversized lot with excellent indoor and outdoor entertaining space. The eat-in kitchen features newer stainless steel appliances, granite countertops, and freshly painted white cabinetry. Inside, you'll find both a large living room and separate family room, each offering flexible space for relaxing, hosting, or everyday living. Both bathrooms have been beautifully updated with tile surround, new tile flooring, updated vanities, shiplap, and board-and-batten accents. Additional updates include newer carpet, recently painted throughout, newer lighting and fixtures, painted interior and exterior doors, trim, and garage door. Major improvements include newer HVAC, roof, electrical panel, and front door. The bedrooms feature original hardwood flooring, adding warmth and character. Crawl space was also completely redone including new sump pump & dehumidifier. Outside, enjoy two separate entertaining areas complete with patio lights and a fire pit area, plus a storage barn for extra convenience. A great blend of classic brick-ranch charm, modern updates, and a large lot ready to enjoy.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

3/10
5/10
Highland Jr High SchoolGrades 7-80.8 mi
3/10
Anderson High SchoolGrades 9-125.1 mi

Construction

Condition

  • Year built: 1965

Materials

  • Foundation: Block
  • Construction materials: Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Water Heater,Electric Oven,Refrigerator,Washer

Bedroom2

  • Level: Main
  • Area: 110
  • Dimensions: 10x11

Bedroom3

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

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Family Room

  • Level: Main
  • Area: 176
  • Dimensions: 11x16

Features

  • Attic Pull Down Stairs,Ceiling Fan(s),Hardwood Floors,Eat-in Kitchen
  • Flooring: Hardwood
  • Attic: Pull Down Stairs

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,375
  • Total interior livable area: 1,375 sqft

Kitchen

  • Features: Tile-Ceramic
  • Level: Main
  • Area: 180
  • Dimensions: 12x15

Living Room

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

Master Bedroom

  • Level: Main
  • Area: 132
  • Dimensions: 11x12

Property

Details

  • Parcel number: 481205200039000003
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered

Lot

  • Lot size: 0.29 Acres
  • Features: Rural - Subdivision,Street Lights,Mature Trees

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Inland Flooding
Lightning
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 $1,112$13,344
Home Insurance *$171$2,052
Property Taxes $85$1,020
Electricity $184$2,212
Total$1,552$18,624
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$53,211/yr
40% on housing$46,560/yr
45% on housing$41,386/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

$160This listing

vs Other Active Listings

Avg $/sqft

ZIP 46012$76
Madison County$95

vs Homes Sold Last Month

Median $/sqft

ZIP 46012$108
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
2026-08-16Pending sale$220,000
2026-07-16Price change$220,000
2026-06-28Price change$223,000
2026-05-26Listed for sale$225,000
2024-05-22Sold$225,000
2024-05-06Pending sale$239,900
2024-05-01Price change$239,900
2024-04-22Price change$244,900
2024-04-20Price change$249,000
2024-04-11Listed for sale$250,000
2024-01-29Sold$150,000
2024-01-12Pending sale$160,000
2024-01-03Listed for sale$160,000
2014-03-06Listing removed$66,900
2014-01-24Pending sale$66,900
2013-12-12Listed for sale$66,900

For Sale by Agent

AgentHeather Large
BrokerageHome Bound Real Estate LLC

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