Google street view image for 1331 Madison Rd, Elwood, IN 46036

OFF MARKET

$173,925

•

2 ba

•

1,487

sq ft

1331 Madison Rd, Elwood, IN 46036

About this home

1331 Madison Rd is a 1,487 square foot house on a 8,407 square foot lot with 5 bedrooms and 2 bathrooms. Based on Redfin's Elwood data, we estimate the home's value is $173,925.

Single-familyProperty Type

1967Year Built

8,407 sq ftLot Size

$117Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$173,925

$10K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10.9% lower than the average sale price ($195K) of 6 comparable homes.

SOLD AUG 14, 2026
$220,000
A
3 beds2.5 baths1,614 sq ft
1815 S J St, Elwood, IN 46036
SOLD MAY 4, 2026
$189,900
B
3 beds2.5 baths1,512 sq ft
1810 S R St, Elwood, IN 46036
SOLD MAR 31, 2026
$155,900
C
3 beds1 bath1,154 sq ft
1325 S K St, Elwood, IN 46036
SOLD AUG 5, 2026
$215,000
D
4 beds2 baths2,084 sq ft
2015 S J St, Elwood, IN 46036
SOLD AUG 13, 2026
$130,000
E
4 beds2 baths2,262 sq ft
1909 S J St S, Elwood, IN 46036
SOLD JUL 2, 2026
$260,000
F
3 beds2 baths1,664 sq ft
10550 Chapa Blvd, Elwood, IN 46036

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Earn from this home

Rent

$1,248/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

$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
$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 1331 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

$1,322 (−4.2%)

$12,500 + $124,500

$137,000

2024

$1,380 (+7.4%)

$12,500 + $124,500

$137,000

2023

$1,285 (+0.6%)

$12,500 + $124,500

$137,000

2022

$1,277 (+8.8%)

$11,900 + $113,400

$125,300

2021

$1,174 (−2.5%)

$11,100 + $113,400

$124,500

2020

$1,204 (+2.6%)

$11,100 + $104,100

$115,200

2019

$1,173 (+6.1%)

$10,500 + $106,700

$117,200

2018

$1,106 (+0.9%)

$10,500 + $103,600

$114,100

2017

$1,096 (−4.8%)

$10,500 + $95,900

$106,400

2016

$1,151

$10,500 + $95,900

$106,400

2015

$1,151 (+2.6%)

$10,500 + $96,200

$106,700

2014

$1,122

$10,500 + $96,200

$106,700

2013

$1,122

$10,500 + $94,500

$105,000

Tax history for 1331 Madison Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,322 (−4.2%)

$12,500 + $124,500

$137,000

2024

$1,380 (+7.4%)

$12,500 + $124,500

$137,000

2023

$1,285 (+0.6%)

$12,500 + $124,500

$137,000

2022

$1,277 (+8.8%)

$11,900 + $113,400

$125,300

2021

$1,174 (−2.5%)

$11,100 + $113,400

$124,500

2020

$1,204 (+2.6%)

$11,100 + $104,100

$115,200

2019

$1,173 (+6.1%)

$10,500 + $106,700

$117,200

2018

$1,106 (+0.9%)

$10,500 + $103,600

$114,100

2017

$1,096 (−4.8%)

$10,500 + $95,900

$106,400

2016

$1,151

$10,500 + $95,900

$106,400

2015

$1,151 (+2.6%)

$10,500 + $96,200

$106,700

2014

$1,122

$10,500 + $96,200

$106,700

2013

$1,122

$10,500 + $94,500

$105,000

*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: 2
# of Bathroom Fixtures: 6

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

Room Information
# of Rooms: 6

Exterior

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

Property Information
Subdivision Name: ELWOOD HEIGHTS
Living Sq. Ft: 1,487
Adjusted Gross Sq. Ft: 1,613
Ground Floor Sq. Ft: 1,165
Building Sq. Ft: 1,963
# of Stories: 2
Legal Description: ELWOOD HTS 0.0000ACRES STR: 00000 SECTION: 2 PLAT: 00 IN: OUT:

Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 350
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 8,407
Legal Lot Number: 13
Municipality Name: PIPE CREEK TOWNSHIP
Acres: 0.193
Depth Footage: 120
Front Footage: 70
County Use Description: ONE FAMILY DWELL ON PLATTED

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 5
Baths: 2.0
Sq. Ft.: 1,487
Stories: 2.0
Lot Size: 8,407 square feet
Style: Single Family Residential
Year Built: 1967
Year Renovated: 1975
County: Madison County
APN: 480421100064000027

Home facts updated by county records on Jul 10, 2026

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, 19 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

$166,000 – $201,000

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

Nearby similar homes

$44,900

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3D WALKTHROUGH

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2 beds1 bath1,169 sq ft

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3 beds1 bath928 sq ft

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New listings for sale in 46036

$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

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813 N 11th St, Elwood, IN 46036

$224,900

3 beds2 baths2,028 sq ft

926 S A St, Elwood, IN 46036

$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

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Home values near 1331 Madison Rd

Data from public records.

Address	Redfin Estimate
1326 Madison Rd, Elwood, IN 3 Beds \| 2 Baths \| 2424 Sq. Ft.	$121,956
1325 Madison Rd, Elwood, IN 2 Beds \| 1 Baths \| 1352 Sq. Ft.	$155,768

Address	Redfin Estimate
1329 Madison Rd, Elwood, IN 2 Beds \| 1.5 Baths \| 1047 Sq. Ft.	$166,252
1319 Madison Rd, Elwood, IN 4 Beds \| 2 Baths \| 1536 Sq. Ft.	$160,991

Address	Redfin Estimate
1322 Madison Rd, Elwood, IN 3 Beds \| 1 Baths \| 1000 Sq. Ft.	$148,452
1315 Madison Rd, Elwood, IN 3 Beds \| 1 Baths \| 1112 Sq. Ft.	$143,978

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 46036, IN

Sale history for 1331 Madison Rd

Tax history for 1331 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 1331 Madison Rd

More real estate resources