Google street view image for 1226 W Madison Rd, Elwood, IN 46036

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SOLD

$134,837

•

1 ba

•

999

sq ft

1226 W Madison Rd, Elwood, IN 46036

About this home

EXTREMELY NICE HOME IN ELWOOD HEIGHTS. NEW 1998 FURNACE, CENTRAL AIR, NEW 1997 ROOF AND WATER HEATER. NICELY LANDSCAPED WITH FENCED BACK YARD AND UTILITY BUILDING. HAS WASHER AND DRYER HOOK UP.

Single-familyProperty Type

1961Year Built

7,370 sq ftLot Size

$135Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$134,837

$65K since last sold$11K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 15.7% lower than the average sale price ($160K) of 4 comparable homes.

SOLD JUN 12, 2026
$166,900
A
3 beds1 bath1,348 sq ft
1609 S G St, Elwood, IN 46036
SOLD MAR 31, 2026
$155,900
B
3 beds1 bath1,154 sq ft
1325 S K St, Elwood, IN 46036
SOLD OCT 23, 2025
$149,000
C
3 beds1 bath768 sq ft
1611 S L St, Elwood, IN 46036
SOLD JAN 23, 2026
$168,000
D
3 beds2 baths1,308 sq ft
2009 S L St, Elwood, IN 46036

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Earn from this home

Rent

$875/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

96.4%

1.0% MoM

Median sale price

$168K

$437 MoM

Avg. days on market

32d

0 days MoM

Recently sold homes

1 MoM

New listings for sale

NEW 12 HRS AGO
$339,900
4 beds2 baths4,386 sq ft
10313 N 775 W, Elwood, IN 46036
$299,900
3 beds2 baths1,652 sq ft
2710 N B St, Elwood, IN 46036
$159,900
3 beds1 bath1,236 sq ft
2826 N B St, Elwood, IN 46036
$169,000
2 beds1 bath1,169 sq ft
813 N 11th St, Elwood, IN 46036
$224,900
3 beds2 baths2,028 sq ft
926 S A St, Elwood, IN 46036
OPEN TODAY, 4AM TO 6PM
$185,000
3 beds1 bath1,118 sq ft
210 S 27th St, Elwood, IN 46036
3D WALKTHROUGH
$174,900
3 beds3 baths1,968 sq ft
805 S 17th St, Elwood, IN 46036
$159,999
3 beds1 bath1,292 sq ft
1301 S J St, Elwood, IN 46036
See all

Provided by Redfin

Sale history for 1226 W Madison Rd

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Year

Property tax

Land + Additions

Assessment*

2025

$735 (+48.4%)

$11,500 + $37,000

$48,500

2024

$495 (−45.0%)

$11,500 + $37,000

$48,500

2023

$900 (+1.6%)

$11,500 + $37,000

$48,500

2022

$886 (−1.3%)

$10,900 + $33,600

$44,500

2021

$898 (+4.2%)

$10,200 + $33,600

$43,800

2020

$862 (+2.1%)

$10,200 + $34,700

$44,900

2019

$844 (+5.5%)

$9,700 + $32,900

$42,600

2018

$800 (+1.3%)

$9,700 + $32,000

$41,700

2017

$790

$9,700 + $29,300

$39,000

2016

$790 (−29.5%)

$9,700 + $29,300

$39,000

2015

$1,121 (+2.6%)

$9,700 + $47,200

$56,900

2014

$1,093

$9,700 + $45,800

$55,500

2013

$1,093

$9,700 + $44,900

$54,600

Tax history for 1226 W Madison Rd

Year

Property tax

Land + Additions

Assessment*

2025

$735 (+48.4%)

$11,500 + $37,000

$48,500

2024

$495 (−45.0%)

$11,500 + $37,000

$48,500

2023

$900 (+1.6%)

$11,500 + $37,000

$48,500

2022

$886 (−1.3%)

$10,900 + $33,600

$44,500

2021

$898 (+4.2%)

$10,200 + $33,600

$43,800

2020

$862 (+2.1%)

$10,200 + $34,700

$44,900

2019

$844 (+5.5%)

$9,700 + $32,900

$42,600

2018

$800 (+1.3%)

$9,700 + $32,000

$41,700

2017

$790

$9,700 + $29,300

$39,000

2016

$790 (−29.5%)

$9,700 + $29,300

$39,000

2015

$1,121 (+2.6%)

$9,700 + $47,200

$56,900

2014

$1,093

$9,700 + $45,800

$55,500

2013

$1,093

$9,700 + $44,900

$54,600

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

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

67 ft.

Lot depth

110 ft.

Lot size

7,370 Sq. Ft.

Year renovated

1961

Sq. Ft.

999

Year built

1961

Style

Single Family Residential

County

Madison County

APN

480416404103000027

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 10, 2026.

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

Around this home

Schools

Elwood Elementary School

Public PreK-2 • Assigned • 1.6mi

Elwood Junior-Senior High School

Public 7-12 • Assigned • 1.9mi

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

$129,000 – $156,000

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

Nearby similar homes

$99,900

Land— sq ft

0 State Rd, Elwood, IN 46036

$55,000

4 beds1 bath2,226 sq ft

11187 N 200 W, Alexandria, IN 46001

$49,000

4 beds1.5 baths1,870 sq ft

2217 S F St, Elwood, IN 46036

$44,900

2 beds1 bath1,136 sq ft

1813 S F St, Elwood, IN 46036

$574,900

4 beds2 baths3,282 sq ft

11650 N 75 W, Alexandria, IN 46001

$149,900

4 beds2 baths3,138 sq ft

1602 S D St, Elwood, IN 46036

New listings for sale in 46036

NEW 12 HRS AGO

$339,900

4 beds2 baths4,386 sq ft

10313 N 775 W, Elwood, IN 46036

$299,900

3 beds2 baths1,652 sq ft

2710 N B St, Elwood, IN 46036

$159,900

3 beds1 bath1,236 sq ft

2826 N B St, Elwood, IN 46036

$169,000

2 beds1 bath1,169 sq ft

813 N 11th St, Elwood, IN 46036

$224,900

3 beds2 baths2,028 sq ft

926 S A St, Elwood, IN 46036

OPEN TODAY, 4AM TO 6PM

$185,000

3 beds1 bath1,118 sq ft

210 S 27th St, Elwood, IN 46036

3D WALKTHROUGH

$174,900

3 beds3 baths1,968 sq ft

805 S 17th St, Elwood, IN 46036

$159,999

3 beds1 bath1,292 sq ft

1301 S J St, Elwood, IN 46036

Home values near 1226 W Madison Rd

Data from public records.

Address	Redfin Estimate
1217 Madison Road, Elwood, IN 3 Beds \| 1 Baths \| 925 Sq. Ft.	$147,580
1314 Madison Road, Elwood, IN 4 Beds \| 1 Baths \| 1095 Sq. Ft.	$148,096

Address	Redfin Estimate
1302 Madison Road, Elwood, IN 3 Beds \| 1 Baths \| 1247 Sq. Ft.	$152,481
1221 Madison Road, Elwood, IN 3 Beds \| 1 Baths \| 3045 Sq. Ft.	$167,038

Address	Redfin Estimate
1311 Madison Road, Elwood, IN 3 Beds \| 1.5 Baths \| 1210 Sq. Ft.	$174,926
1225 Madison Road, Elwood, IN 3 Beds \| 1.5 Baths \| 1152 Sq. Ft.	$156,388

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GreatSchools Ratings provided by GreatSchools.org.

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1226 W Madison Rd, Elwood, IN 46036

About this home

Redfin Estimate

Earn from this home

Market trends in 46036, IN

Sale history for 1226 W Madison Rd

Tax history for 1226 W Madison Rd

Public record

Property details

Public facts

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 46036

Home values near 1226 W Madison Rd

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