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316 S Woodward St, Lapel, IN, 46051

4beds
3baths
2,592sqft
$309,900
$120price/sqft
$2,348/moest. monthly cost
$93,920/yrincome needed

About This Home

Welcome to 316 Woodward Street, this beautifully renovated 4-bedroom, 3-bath home offers 2,592 square feet of move-in-ready living space with the major updates already completed for you. From the moment you step inside, you'll appreciate the fresh paint, brand-new flooring throughout, and bright, inviting spaces. The updated kitchen features brand-new appliances, making it ready for everything from everyday meals to holiday gatherings. Beyond the cosmetic updates, this home offers valuable peace of mind with a brand-new furnace and central air conditioning system backed by a 10-year warranty, plus a water heater that's only two years old. These major improvements mean you can enjoy your new home without worrying about costly replacements. Situated on over a half acre lot, the property features a fully fenced backyard with plenty of room to relax, entertain, or play, along with a large storage shed that offers abundant space for tools, lawn equipment, or hobbies. With four spacious bedrooms, three full bathrooms, and 2,592 square feet of updated living space, this home combines modern finishes, quality upgrades, and a generous outdoor setting in the charming community of Lapel. Schedule your showing today and see everything this exceptional home has to offer!

Getting Around

43
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

6/10
Lapel Elementary SchoolGrades PK-50.1 mi
5/10
Lapel Middle SchoolGrades 6-80.2 mi
7/10
Lapel Sr High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1990

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Refrigerator,Electric Water Heater,Electric Oven,Dishwasher
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Finished,Interior Entry

Bedroom2

  • Level: Main
  • Area: 195
  • Dimensions: 15x13

Bedroom3

  • Level: Main
  • Area: 195
  • Dimensions: 13x15

Bedroom4

  • Level: Basement
  • Area: 225
  • Dimensions: 15X15

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 225
  • Dimensions: 15x15

Features

  • Attic Access,Breakfast Bar,Kitchen Island
  • Attic: Access Only
  • Finished area below ground: 864

Heating & Cooling

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

Interior Area

  • Total structure area: 2,592
  • Total interior livable area: 2,592 sqft

Kitchen

  • Level: Main
  • Area: 225
  • Dimensions: 15x15

Laundry

  • Level: Main
  • Area: 70
  • Dimensions: 10x7

Living Room

  • Level: Main
  • Area: 400
  • Dimensions: 20x20

Master Bedroom

  • Level: Main
  • Area: 300
  • Dimensions: 15x20

Office

  • Level: Main
  • Area: 225
  • Dimensions: 15X15

Property

Accessibility

  • Accessibility features: Hallway - 36 Inch Wide,Accessible Approach with Ramp,Accessible Entrance,Accessible Full Bath

Details

  • Parcel number: 481028401001000032
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Fire Pit

Lot

  • Lot size: 0.61 Acres

Parking

  • Total spaces: 1
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
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 $1,567$18,804
Home Insurance *$356$4,272
Property Taxes $188$2,256
Electricity $237$2,851
Total$2,348$28,176
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,502/yr
40% on housing$70,440/yr
45% on housing$62,613/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

$120This listing

vs Other Active Listings

Avg $/sqft

ZIP 46051$108
Madison County$95

vs Homes Sold Last Month

Median $/sqft

ZIP 46051$125
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
2026-07-30Price change$309,900
2026-07-17Listed for sale$320,000

For Sale by Agent

AgentTaylor Licht
BrokerageRE/MAX Complete

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