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55 W 500 S, Anderson, IN, 46013

4beds
2baths
1,557sqft
$299,900
$193price/sqft
$1,999/moest. monthly cost
$79,960/yrincome needed

About This Home

Welcome home to this beautifully updated 4-bedroom, 2-bath brick ranch located in the highly desirable Pendleton School District! This move-in-ready home features a completely renovated kitchen with brand-new appliances, stylish finishes, and plenty of cabinet space. Both full bathrooms have been tastefully updated, while fresh paint and all-new carpet throughout give the home a bright, modern feel. The spacious living room provides the perfect gathering space for family and friends, and the heated and cooled sunroom offers year-round enjoyment with views of the backyard. You'll also appreciate the newer mechanicals for added peace of mind and efficiency. Outside, the detached 2-car garage provides ample storage and workspace. With its extensive updates, functional layout, and fantastic location, this home is ready for its next owners to move in and enjoy!

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

7/10
East Elementary SchoolGrades K-62.3 mi
9/10

Construction

Condition

  • Year built: 1957

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,Microwave,Electric Oven,Refrigerator,Water Heater

Bedroom2

  • Level: Main
  • Area: 130
  • Dimensions: 13x10

Bedroom3

  • Level: Main
  • Area: 108
  • Dimensions: 12x9

Bedroom4

  • Level: Main
  • Area: 63
  • Dimensions: 9x7

Bedrooms & Bathrooms

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

Dining Room

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

Features

  • Ceiling Fan(s)

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,557
  • Total interior livable area: 1,557 sqft

Kitchen

  • Level: Main
  • Area: 160
  • Dimensions: 16x10

Living Room

  • Level: Main
  • Area: 299
  • Dimensions: 23x13

Master Bedroom

  • Level: Main
  • Area: 130
  • Dimensions: 13x10

Property

Details

  • Parcel number: 481412100035000012
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.44 Acres
  • Features: Rural - Not Subdivision,Mature Trees

Parking

  • Total spaces: 2
  • Parking features: Detached
  • 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

  • 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 $1,516$18,192
Home Insurance *$247$2,964
Property Taxes $52$624
Electricity $184$2,212
Total$1,999$23,988
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$68,537/yr
40% on housing$59,970/yr
45% on housing$53,306/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

$193This listing

vs Other Active Listings

Avg $/sqft

ZIP 46013$61
Madison County$95

vs Homes Sold Last Month

Median $/sqft

ZIP 46013$121
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
2026-08-12Price change$289,900
2026-08-04Price change$297,500
2026-07-29Listed for sale$299,900

For Sale by Agent

AgentNicholas Rodgers
BrokerageRE/MAX Real Estate Solutions

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