321 Madison Ave, Anderson, IN, 46016
About This Home
Excellent investment opportunity in Anderson! This property at 321 Madison Ave offers strong potential for renovation or full rehab. Ideal for investors seeking to add value and build equity through updates. The home requires interior and exterior renovation, but once restored, it could serve as a profitable flip or long-term rental. Conveniently located near amenities, schools, and major routes. Sold as-is-seller will make no repairs. Use caution when showing.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1904
Materials
- Foundation: Block
- Construction materials: Log Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: None
Basement
- Has basement: Yes
Bedroom2
- Level: Main
- Area: 169
- Dimensions: 13x13
Bedroom3
- Level: Main
- Area: 144
- Dimensions: 12x12
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Features
- Attic Access,Eat-in Kitchen
- Number of fireplaces: 2
- Fireplace features: Double Sided
- Fireplace: Yes
- Attic: Access Only
- Finished area below ground: 0
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 2,076
- Total interior livable area: 2,076 sqft
Kitchen
- Level: Main
- Area: 156
- Dimensions: 13x12
Living Room
- Level: Main
- Area: 350
- Dimensions: 25x14
Master Bedroom
- Level: Main
- Area: 210
- Dimensions: 14x15
Property
Details
- Parcel number: 481111401029000003
- Special condition: As Is
- Horse amenities: None
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 1,742 sqft
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
- Hail
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $232 | $2,784 |
| Home Insurance * | $64 | $768 |
| Property Taxes | $78 | $936 |
| Electricity | $190 | $2,283 |
| Total | $564 | $6,768 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-09 | Price change | $49,999 |
| 2025-10-27 | Listed for sale | $56,000 |
| 2017-02-13 | Sold | $515 |
| 2006-05-15 | Sold | $28,000 |
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