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1403 Madison Rd, Elwood, IN, 46036

3beds
1baths
1,938sqft
$155,900
$80price/sqft
$1,166/moest. monthly cost
$46,640/yrincome needed

About This Home

An inviting single family residence awaits discovery at 1403 Madison RD in ELWOOD, IN, USA, offering a thoughtfully designed space for everyday moments. Within its generous 1938 square feet of living area, the residence provides expansive interiors, creating ample room for diverse activities and personal expression. Three distinct bedrooms offer private retreats, each presenting tranquil surroundings for rest and individual pursuits. A single full bathroom provides essential amenities, thoughtfully arranged for convenience and ease of use. This single story residence, constructed in 1958, ensures effortless navigation throughout its spaces, complementing the substantial 12110 square feet of lot area. The extensive outdoor canvas presents abundant opportunities for private recreation and cultivating a personal environment. This residence offers a distinctive opportunity to cultivate a personalized sanctuary within a spacious setting.

Getting Around

29
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

--
Elwood Elementary SchoolGrades PK-21.6 mi
4/10
Elwood Junior-Senior High SchoolGrades 7-121.9 mi
3/10
Elwood Intermediate SchoolGrades 3-62.0 mi

Construction

Condition

  • Year built: 1958

Materials

  • Foundation: Slab
  • Construction materials: Brick,Vinyl With Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Gas Water Heater,MicroHood,Gas Oven,Refrigerator,Washer
  • Laundry features: Main Level

Bedroom2

  • Level: Main
  • Area: 120
  • Dimensions: 12X10

Bedroom3

  • Level: Main
  • Area: 120
  • Dimensions: 12X10

Bedrooms & Bathrooms

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

Dining Room

  • Features: Tile-Ceramic
  • Level: Main
  • Area: 210
  • Dimensions: 15X14

Features

  • Attic Access,Cathedral Ceiling(s),Eat-in Kitchen
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes
  • Attic: Access Only

Heating & Cooling

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

Interior Area

  • Total structure area: 1,938
  • Total interior livable area: 1,938 sqft

Kitchen

  • Features: Tile-Ceramic
  • Level: Main
  • Area: 210
  • Dimensions: 15X14

Laundry

  • Features: Other
  • Level: Main
  • Area: 48
  • Dimensions: 8X6

Living Room

  • Level: Main
  • Area: 406
  • Dimensions: 29X14

Master Bedroom

  • Level: Main
  • Area: 140
  • Dimensions: 14X10

Office

  • Level: Main
  • Area: 140
  • Dimensions: 14X10

Property

Details

  • Parcel number: 480421100032000027
  • Special condition: Estate
  • Horse amenities: None

Features

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

Lot

  • Lot size: 0.28 Acres

Parking

  • Parking features: Concrete

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

  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Inland Flooding
Strong Wind
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 $788$9,456
Home Insurance *$159$1,908
Property Taxes $35$420
Electricity $184$2,212
Total$1,166$13,992
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

30% on housingRecommended$46,640/yr
35% on housing$39,977/yr
40% on housing$34,980/yr
45% on housing$31,093/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

$80This listing

vs Other Active Listings

Avg $/sqft

ZIP 46036$77
Madison County$95

vs Homes Sold Last Month

Median $/sqft

ZIP 46036$105
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)

Price History

DateEventPrice
2026-04-06Listed for sale$180,000

For Sale by Agent

AgentTerry Sheets
BrokerageJeff Boone Realty, LLC
Phone765-810-5351
View on Zillow

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