3.14-acre residential lot near Elwood, Madison County
Parcel 480312200005000009
County file January 2025
- Acres3.14
- Land typeVacant residential
- ZoningZoning set by Madison County; not on its zoning mapUnincorporated
- Flood zoneX
- Tax value (county)$6,600From the county’s last revaluation, not a market price
- Last deedAug 14, 2017
- Road accessHas road accessCensus TIGER/Line 2025 roads with IndianaMap road centerlines, USGS 3DEP 1/3 arc-second DEM (tiles 2022-08-30 to 2026-09-03)
- Road frontage99 ft on Co Rd 1850 N
- BuildingNone on the roll
- City or townUnincorporatedMadison County
Land facts
From public records and official maps, each with its source and date.
- Section, township, rangeSection 12, Township 22 North, Range 6 East, Second Principal MeridianBLM PLSS (CadNSDI), at the parcel's center · Oct 2026
- Septic (soils)Very limitedUSDA NRCS soil survey (SSURGO), septic absorption fields · Oct 2026
- Ground elevationAbout 873–880 ft above sea levelUSGS 3DEP 1/3 arc-second (about 10 m), NAVD88; about ±1–2 ft · Oct 2026
Services and surroundings
Public federal and state records, each with its source and date. Area facts, not a survey of this parcel.
- USDA home loan areaInside an eligible areaUSDA Rural Development eligibility map, last edited Jul 2023, read Oct 2026. Household income limits also apply
- Electric utilityLikely Indiana Michigan Power CoHIFLD retail service territories, a frozen 2025 copy (no longer updated); approximate, confirm with the utility
- Well depth nearbyMedian 64 ft (middle half 44–110 ft)23 well logs within 2 mi, drilled 1935–2013; water level 12 ft below ground; bedrock at 28 ft (Indiana DNR well records). Area figures, not this parcel
- Public land nearbyBrown Park, 6.4 miCity Land, open to the public, 50 acres (USGS PAD-US 4.1). Nearby is not access, and never a hunting right
School district
Public federal records, each with its source and date.
- School districtMadison-Grant United School CorporationGrades K–12 · NCES EDGE school district boundaries, school year 2024–25 (Census TIGER 2025 lines), released Mar 2026. A district, not an assigned school
District details at NCES: Madison-Grant United School Corporation
Free account: 25 parcel cards a day on the map, with watches and a saved search
ElwoodParcels, flood and zoning1,846vacant parcels11%in a FEMA flood zone6,383parcels on the rollIndiana pay-2026 taxes: second installment due November 10, 2026. Pay or check a bill at the Madison County Treasurer.
Sources: Indiana Code 6-1.1-22-9 and 6-1.1-15-1.1; the Department of Local Government Finance due dates. Checked Oct 13, 2026.
Value history
| Year | Land | Improvements | Total | Change |
|---|---|---|---|---|
| 2025 (pay 2026) | $6,600 | None | $6,600 | No change |
| 2024 (pay 2025) | $6,600 | None | $6,600 | +4.8% |
Roll values set for property tax · Indiana DLGF parcel roll · as of Sep 2025
Owner: on the county assessment roll (not shown here) · Request removal
Hazards
FEMA National Risk Index v1.20, planning-level · For this census tract, not this parcel · as of Dec 2025
- Tornado
- Relatively Moderate
- Strong wind
- Relatively Moderate
- Hail
- Relatively Moderate
- Riverine flooding
- Relatively Moderate
- Cold wave
- Relatively Moderate
- Winter weather
- Relatively Moderate
- Drought
- Relatively Moderate
- Heat wave
- Relatively Low
- Lightning
- Relatively Low
- Earthquake
- Relatively Low
- Wildfire
- Very Low
- Landslide
- Very Low
- Sinkhole area (karst)
- Not in a mapped sinkhole areaAt the parcel's map point · Indiana Geological and Water Survey, sinkhole areas (Misc. Map 65) · as of Oct 2026
- Underground coal mine
- Not over a mapped underground coal mineAt the parcel's map point · IDNR underground coal mine maps (IGWS, Dec 2016) · as of Dec 2016
Ratings are from public federal and state maps (named on each row), not a private climate model. FEMA rates each census tract from expected annual losses, community resilience and social vulnerability, for planning; it is not an assessment of this parcel.
Recorded flood claims
OpenFEMA NFIP Redacted Claims v3 · Insured buildings near this parcel, not the parcel itself · as of Sep 2026
- Claims since 1978
- Fewer than 10In this census tract
Neighborhood (Census)
Census ACS 2020–2024 5-year · as of Jan 2026
- Median household income
- $111,389± $35,737 · this block group
- Median home value (owner-reported)
- $207,200± $74,317 · this block group
- Median rent (gross)
- $785± $81 · census tract (block group sample too small)
- Homes lived in by their owners
- 96%± 8 pts · this block group
- Median year homes were built
- 1959± 22 yr · this block group
- Average commute (one way)
- 27 min± 9 min · census tract (not published for block groups)
- Population
- 974± 279 · this block group
Figures for the census block group around this parcel (a few hundred homes), not this property. ± is the Census 90% margin of error; a figure comes from the larger census tract when the block group's sample is too small. This product uses Census Bureau data but is not endorsed or certified by the Census Bureau.
Nearby parcels
Vacant and farm land of 1 acre or more in Madison County, nearest first.
- 4.23 acres of vacant residential land near Elwoodunder 0.1 mi
- 2.38 acres of vacant residential land near Alexandria1.9 mi
- 2.55 acres of vacant residential land near Alexandria2.7 mi
- 2.55 acres of vacant residential land near Alexandria2.8 mi
- 3.65 acres of vacant residential land near Elwood4.4 mi
- 2.19 acres of vacant residential land near Elwood5.0 mi
- 4.71 acres of vacant residential land near Elwood5.3 mi
- 5.42 acres of vacant residential land near Elwood5.7 mi
About these numbersSources, county file January 2025
Tax value
Tax value from the county’s last revaluation, not a market price. County file, January 2025.
Gross assessed value (the county assessor's market value-in-use, trended every year), not a market estimate. Farmland is assessed by the state's base-rate formula, well below what farmland sells for.
Estimate
Rough estimate: based on the county's assessment of this land, scaled by recent sale prices of land assessed like it in Madison and nearby counties. Not tested to our accuracy standard. Half of past estimates were within ±30% (measured across nearby counties); the range covers about 8 in 10. Land only; any building is not included.
Parcel outline
The outline and its edge lengths are measured on the parcel map the map draws; the aerial loads from the public imagery named under it.
Source
Indiana DLGF parcel roll (Indiana Gateway) and IGIO statewide parcel boundaries, county file Jan 1, 2025.
Record
Public records can be wrong; check before you act.
Parcel: 480312200005000009
Coordinates: 40.3724° N, 85.8002° W