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224 N 500; Anderson, IN Property Details

224 N 500, Anderson, IN is a Rural Residence that was built in 1940. This property is currently a cash purchase and is not for sale. Our records show that 224 N 500 has 2 bedrooms, and 1 bathroom, and a total of 1,092 square feet. The lot size of 224 N 500 is 558,875 square feet.

Off market
224 N 500 W Anderson, IN 46011
$147,800 Estimated Value
2 Beds
1 Baths
1,092 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1940
  • Open Loans / Balance: 2 / $166,521
  • Est. Equity / %: $120,479 / 41.98%
  • APN: 48-11-08-300-007.000-016
  • Situs County: Madison
  • Length Of Ownership: 14 years, 3 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Building Style: Wood
  • Stories: 1
  • Building Condition: Average
  • Building Quality: D+
  • Roof Cover Type: Asphalt
  • Sewer Type: None
  • Water Source: Yes

Measurements

  • Total: 1,092/SqFt
  • Lot: 558,875/SqFt
  • Garage: 616/SqFt
  • Living: 1,092/SqFt
  • Basement: 895/SqFt
  • Building: 1,092/SqFt
  • Ground: 1,092/SqFt
  • Basement Unfinished: 895/SqFt

Legal Description

  • Description: SW SW 12.8300ACRES STR: 08197 SECTION: PLAT: 00 IN: OUT:
Building Insights

Land Information

  • Property Type: Rural Residence
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Frankton-Lapel Community Schools
  • Lat / Lon: 40.107227 / -85.766846
  • Property Class: Residential
  • County Use Code: 1

Amenities

  • Plus Four: 1433
  • Bathroom Fixtures: 5
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 2

Ownership Info

224 N 500 W has no associated ownership info
224 N 500 W has no associated ownership info.

Taxes

224 N 500 W has 10 associated Taxes items

224 N 500, Anderson, IN pays taxes in Madison County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $147,800. The APN we've located for 224 N 500 is 48-11-08-300-007.000-016.

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Taxes
  • Assessed Value:  $147,800
  • Assessed Year:  2025
  • Assessed County:  Madison
  • APN:  48-11-08-300-007.000-016
  • Assessed Land Value:  45300
  • Market Land Value:  45300
  • Tax Amount:  1249.36
  • Tax Year:  2025
  • Market Value:  147800
  • Market Year:  2025

Tax History

224 N 500 W has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $147,800 Land Value $45,300 Improvement Value $102,500 Tax Amount $1,249.36 Change Rate -0.035362% Assessed CR Tax Rate +0.008453%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,295.16 Change Rate +0.246113% Assessed CR Tax Rate
Year 2023 Assessed Value $116,400 Land Value $31,900 Improvement Value $84,500 Tax Amount $1,039.36 Change Rate -0.025247% Assessed CR Tax Rate +0.008929%
Year 2022 Assessed Value $111,800 Land Value $27,200 Improvement Value $84,600 Tax Amount $1,066.28 Change Rate +0.162386% Assessed CR Tax Rate +0.009537%
Year 2021 Assessed Value $101,400 Land Value $25,000 Improvement Value $76,400 Tax Amount $917.32 Change Rate +0.009419% Assessed CR Tax Rate +0.009047%
Year 2020 Assessed Value $97,100 Land Value $24,300 Improvement Value $72,800 Tax Amount $908.76 Change Rate +0.026337% Assessed CR Tax Rate +0.009359%
Year 2019 Assessed Value $96,600 Land Value $27,200 Improvement Value $69,400 Tax Amount $885.44 Change Rate -0.036014% Assessed CR Tax Rate +0.009166%
Year 2018 Assessed Value $92,500 Land Value $27,700 Improvement Value $64,800 Tax Amount $918.52 Change Rate -0.014612% Assessed CR Tax Rate +0.00993%
Year 2017 Assessed Value $98,700 Land Value $39,400 Improvement Value $59,300 Tax Amount $932.14 Change Rate -0.042977% Assessed CR Tax Rate +0.009444%
Year 2016 Assessed Value $98,300 Land Value $40,100 Improvement Value $58,200 Tax Amount $974 Change Rate Assessed CR Tax Rate +0.009908%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $974 Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $111,100 Land Value $48,600 Improvement Value $62,500 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $107,000 Land Value $44,500 Improvement Value $62,500 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $1,178.3 Change Rate Assessed CR Tax Rate