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225 College Drive

Anderson, IN 46012

PendingListed Jan 6, 2026 · 201 days on market

Key facts

Beds
4
Baths
2 full
Living area
3,028 sqft
Lot
0.14 acres
Year built
1961
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22078595
County
Madison
Subdivision
Chestnut Park

About this home

With a unique layout, and a mid century modern feel this property offers endless possibilities. A large footprint of 3,028 sq ft offers up to 4 bedrooms with 2 full bathrooms. This home also features a great location with walkability to down town Anderson as well as being in the immediate area of Anderson University. It is currently performing as an occupied investment property generating $1,400/mo in rental income with the tenant paying all utilities, and could possibly continue to do so.... or it might make your personal dream home! Come check it out!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherGas OvenRefrigerator
Interior features
Bath Sinks Double Main
Rooms
11
Main-level bedrooms
4

Exterior

Construction
Wood With Stone
Foundation
Crawl Space
Parking and garage
Alley AccessAttached

Systems

Heating
ElectricForced AirNatural Gas
Cooling
Central Air
Water
Public

Schools

Middle school
Highland Middle School
School district
Anderson Community School Corp

Taxes

Estimated annual tax
$3,492 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,342per month, estimated
Principal and interest $983Property tax $291Insurance $68
20% · $39,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$195,000
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