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1421 Cherokee Court, Madison, IN, 47250

5beds
3baths
3,510sqft
$374,900
$107price/sqft
$3,064/moest. monthly cost
$122,560/yrincome needed

About This Home

Spacious 5-bedroom, 3-bath home offering comfort, space, and a peaceful setting. The open floor plan features vaulted ceilings, abundant natural light, and two cozy woodburning fireplaces. The kitchen includes granite countertops, a breakfast bar, and plenty of cabinet space for storage. Enjoy multiple living areas including a family room with built-in shelving and a finished basement with 10-foot ceilings, a large family room, and a private mother-in-law suite. Numerous closets provide excellent storage throughout the home. Step outside to two rear decks—one on the main level and one on the second floor—overlooking a beautiful park-like setting with a creek running behind the property. A Generac whole-home generator provides added peace of mind. Convenient in-town location with the feel of quiet relaxation.

Getting Around

30
WalkingCar-Dependent
0
TransitVery Limited Transit
7
BikeSomewhat Bikeable

Schools

5/10

Construction

Condition

  • Property condition: Resale
  • Year built: 1971

Materials

  • Foundation: Poured
  • Roof: Shingle
  • Construction materials: Stone,Vinyl Siding,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Two Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: In Garage,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Daylight,Exterior Entry,Full,Finished,Walk-Out Access,Sump Pump

Bedroom

  • Level: First
  • Dimensions: 12 x 14

Bedroom

  • Level: Lower
  • Dimensions: 12 x 13

Bedroom

  • Level: Lower
  • Dimensions: 14 x 13

Bedroom

  • Level: Lower
  • Dimensions: 12 x 13

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Family Room

  • Level: Lower
  • Dimensions: 26 x 25

Features

  • Breakfast Bar,Ceramic Bath,Entrance Foyer,In-Law Floorplan,Bath in Primary Bedroom,Main Level Primary,Open Floorplan,Pantry,Split Bedrooms,Storage,Skylights,Separate Shower,Cable TV,Vaulted Ceiling(s),Walk-In Closet(s)
  • Window features: Skylight(s),Thermal Windows
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 2,100
  • Finished area above ground: 1,410

Heating & Cooling

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

Interior Area

  • Total structure area: 3,510
  • Total interior livable area: 3,510 sqft

Kitchen

  • Level: First
  • Dimensions: 24 x 26

Master Bedroom

  • Level: First
  • Dimensions: 15 x 14

Master Bedroom

  • Level: Lower
  • Dimensions: 17 x 19

Other

  • Level: Lower
  • Dimensions: 11 x 10

Property

Details

  • Parcel number: 390828221018000007
  • Zoning: Residential
  • Zoning description: Residential

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Balcony,Deck
  • Exterior features: Balcony,Deck,Paved Driveway
  • Has view: Yes
  • View description: Park/Greenbelt,Creek/Stream
  • Has water view: Yes
  • Water view: Creek/Stream
  • Waterfront features: Creek

Lot

  • Lot size: 0.83 Acres
  • Features: Cul-De-Sac,Stream/Creek,Wooded

Parking

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

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
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Inland Flooding
Lightning
Cold Wave
Ice Storm
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 $1,895$22,740
Home Insurance *$253$3,036
Property Taxes $595$7,140
Electricity $321$3,861
Total$3,064$36,768
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$105,051/yr
40% on housing$91,920/yr
45% on housing$81,706/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

$107This listing

vs Other Active Listings

Avg $/sqft

ZIP 47250$138
Jefferson County$139

vs Homes Sold Last Month

Median $/sqft

ZIP 47250$145
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)

Price History

DateEventPrice
2026-03-11Listed for sale$399,900
2024-03-15Sold$370,000
2024-01-17Pending sale$399,900
2023-11-08Listed for sale$399,900
2021-10-20Listing removed--
2021-08-13Listed for sale$399,900

For Sale by Agent

AgentNancy Sobeck
BrokerageReaL Broker, LLC

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