Google street view image for 1221 Madison Rd, Elwood, IN 46036

OFF MARKET

$159,745

•

1 ba

•

3,045

sq ft

1221 Madison Rd, Elwood, IN 46036

About this home

1221 Madison Rd is a 3,045 square foot house on a 8,059 square foot lot with 3 bedrooms and 1 bathroom. Based on Redfin's Elwood data, we estimate the home's value is $159,745.

Single-familyProperty Type

1964Year Built

8,059 sq ftLot Size

$52Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$159,745

$12K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 35.4% higher than the average sale price ($118K) of 6 comparable homes.

SOLD JUL 31, 2026
$189,999
A
3 beds2 baths3,270 sq ft
1322 S E St, Elwood, IN 46036
SOLD JAN 5, 2026
$38,500
B
3 beds1 bath2,475 sq ft
1800 S R St, Elwood, IN 46036
SOLD AUG 5, 2026
$73,455
C
3 beds1 bath1,608 sq ft
1634 S B St, Elwood, IN 46036
SOLD AUG 19, 2026
$175,000
D
2 beds1 bath2,434 sq ft
1100 S A St, Elwood, IN 46036
SOLD JUL 13, 2026
$75,000
E
3 beds1 bath1,873 sq ft
2508 N A St, Elwood, IN 46036
SOLD MAR 31, 2026
$155,900
F
3 beds1 bath1,154 sq ft
1325 S K St, Elwood, IN 46036

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Rent

$1,036/mo

Redfin rental estimate

List your home for rent

Market trends in 46036, IN

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

94.9%

1.6% MoM

Median sale price

$177K

$9K MoM

Avg. days on market

36d

5 days MoM

Recently sold homes

1 MoM

New listings for sale

$164,900
2 beds2 baths1,404 sq ft
9701 N State Road 37, Elwood, IN 46036
$125,000
2 beds1 bath840 sq ft
2316 S B St, Elwood, IN 46036
$249,900
3 beds2 baths1,654 sq ft
1362 Willow Walk Pkwy, Elwood, IN 46036
$174,900
3 beds1 bath1,792 sq ft
1914 S L St, Elwood, IN 46036
$165,000
3 beds1 bath996 sq ft
2312 S B St, Elwood, IN 46036
$69,900
2 beds1 bath1,038 sq ft
113 N 21st St, Elwood, IN 46036
See all

Provided by Redfin

Sale history for 1221 Madison Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$989 (−4.9%)

$12,000 + $100,800

$112,800

2024

$1,040 (−1.3%)

$12,000 + $100,800

$112,800

2023

$1,054 (−6.1%)

$12,000 + $100,800

$112,800

2022

$1,122 (+9.5%)

$11,400 + $91,800

$103,200

2021

$1,025 (+4.5%)

$10,600 + $99,400

$110,000

2020

$981 (+2.6%)

$10,600 + $90,700

$101,300

2019

$956 (+6.0%)

$10,100 + $85,800

$95,900

2018

$902 (−5.4%)

$10,100 + $83,300

$93,400

2017

$953 (−6.1%)

$10,100 + $83,000

$93,100

2016

$1,015

$10,100 + $83,000

$93,100

2015

$1,015 (+2.8%)

$10,100 + $80,800

$90,900

2014

$987

$10,100 + $80,800

$90,900

2013

$987

$10,100 + $79,600

$89,700

Tax history for 1221 Madison Rd

Year

Property tax

Land + Additions

Assessment*

2025

$989 (−4.9%)

$12,000 + $100,800

$112,800

2024

$1,040 (−1.3%)

$12,000 + $100,800

$112,800

2023

$1,054 (−6.1%)

$12,000 + $100,800

$112,800

2022

$1,122 (+9.5%)

$11,400 + $91,800

$103,200

2021

$1,025 (+4.5%)

$10,600 + $99,400

$110,000

2020

$981 (+2.6%)

$10,600 + $90,700

$101,300

2019

$956 (+6.0%)

$10,100 + $85,800

$95,900

2018

$902 (−5.4%)

$10,100 + $83,300

$93,400

2017

$953 (−6.1%)

$10,100 + $83,000

$93,100

2016

$1,015

$10,100 + $83,000

$93,100

2015

$1,015 (+2.8%)

$10,100 + $80,800

$90,900

2014

$987

$10,100 + $80,800

$90,900

2013

$987

$10,100 + $79,600

$89,700

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

Medium Density Residential District

Districts designed for residential use, R-1 are limited to dwellings and public and or semi-public uses which are normally associated with residential neighborhoods. The purpose of these districts is to create an attractive, stable and orderly residential environment. However, the families per dwelling and the lot and yard requirements are different in the three districts to provide for the various housing needs and desires of the citizens.

Permitted uses

Include but are not limited to:

Religious facility
Housing-Single unit
Educational/school
Fire house
Police station
Park & open space

Property details

Interior

Bathroom Information
# of Full Baths: 1
# of Bathroom Fixtures: 3

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air

Room Information
# of Rooms: 5

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Masonry
Building Type: Single Family

Property Information
Subdivision Name: ELWOOD HEIGHTS
Living Sq. Ft: 3,045
Adjusted Gross Sq. Ft: 3,045
Ground Floor Sq. Ft: 1,985
Building Sq. Ft: 3,320
# of Stories: 2
Legal Description: ELWOOD HTS 0.0000ACRES STR: 00000 SECTION: 2 PLAT: 00 IN: OUT:

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 275
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 8,059
Legal Lot Number: 4
Municipality Name: PIPE CREEK TOWNSHIP
Acres: 0.185
Depth Footage: 120
Front Footage: 67
County Use Description: ONE FAMILY DWELL ON PLATTED

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 3,045
Stories: 2.0
Lot Size: 8,059 square feet
Style: Single Family Residential
Year Built: 1964
Year Renovated: 1972
County: Madison County
APN: 480421100055000027

Home facts updated by county records on Jul 10, 2026

Around this home

Schools

Elwood Elementary School

Public PreK-2 • Assigned • 1.7mi

Elwood Junior-Senior High School

Public 7-12 • Assigned • 2.0mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 102° expected this year, 18 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

4/10 Air Factor

3 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Elwood, IN • 46036

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.1 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.1 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$152,000 – $184,000

Sell confidently with a local market expert in Elwood. 3 minutes to get started.

Nearby similar homes

$299,900

3 beds2 baths1,652 sq ft

2710 N B St, Elwood, IN 46036

$249,900

3 beds2 baths1,729 sq ft

7077 N 100 W, Alexandria, IN 46001

$64,900

2 beds1 bath1,006 sq ft

1312 N D St, Elwood, IN 46036

$205,000

4 beds2 baths1,923 sq ft

113 S 12th St, Elwood, IN 46036

$179,000

3 beds1 bath1,012 sq ft

410 W Van Buren St, Alexandria, IN 46001

$234,900

3 beds2 baths2,347 sq ft

1526 N B St, Elwood, IN 46036

New listings for sale in 46036

$164,900

2 beds2 baths1,404 sq ft

9701 N State Road 37, Elwood, IN 46036

$125,000

2 beds1 bath840 sq ft

2316 S B St, Elwood, IN 46036

$249,900

3 beds2 baths1,654 sq ft

1362 Willow Walk Pkwy, Elwood, IN 46036

$174,900

3 beds1 bath1,792 sq ft

1914 S L St, Elwood, IN 46036

$165,000

3 beds1 bath996 sq ft

2312 S B St, Elwood, IN 46036

$69,900

2 beds1 bath1,038 sq ft

113 N 21st St, Elwood, IN 46036

Home values near 1221 Madison Rd

Data from public records.

Address	Redfin Estimate
1217 Madison Rd, Elwood, IN 3 Beds \| 1 Baths \| 925 Sq. Ft.	$152,064
1225 Madison Rd, Elwood, IN 3 Beds \| 1.5 Baths \| 1152 Sq. Ft.	$158,275

Address	Redfin Estimate
1302 Madison Rd, Elwood, IN 3 Beds \| 1 Baths \| 1247 Sq. Ft.	$158,666
1209 Madison Rd, Elwood, IN 3 Beds \| 1.5 Baths \| 1410 Sq. Ft.	$168,350

Address	Redfin Estimate
1226 Madison Rd, Elwood, IN 3 Beds \| 1 Baths \| 999 Sq. Ft.	$134,387
1213 Madison Rd, Elwood, IN 3 Beds \| 1 Baths \| 1456 Sq. Ft.	$163,458

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

Houses for rent in Elwood	Agents near me	Munster, IN homes for sale	Elwood Housing Market
Houses for sale near me	Indianapolis, IN homes for sale	Zionsville, IN homes for sale
Land for sale near me	Carmel, IN homes for sale	Crown Point, IN homes for sale
Open Houses near me	Fishers, IN homes for sale	Elwood Property Records
Condos for sale near me	Hammond, IN homes for sale	IN New Listings

Noblesville homes for sale
Fishers homes for sale
Westfield homes for sale

Lawrence Township homes for sale
Washington Township homes for sale

About this home

Redfin Estimate

Earn from this home

Market trends in 46036, IN

Sale history for 1221 Madison Rd

Tax history for 1221 Madison Rd

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 46036

Home values near 1221 Madison Rd

More real estate resources