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5311 E Michigan Road

Waldron, IN 46182

ActiveListed Oct 8, 2026 · 16 days on market

Key facts

Beds
4
Baths
2 full
Living area
3,090 sqft
Lot
4.21 acres
Year built
1920
Type
Residential · Single Family Residence
Stories
Two and a half
Garage
2 spaces
MLS #
22130593
County
Shelby
Subdivision
M & B
Total building area
3,690 sqft

About this home

Discover a unique opportunity with this property. This distinguished 4 corner single-family residence, built in 1920, offers an expansive 3090 square feet of living space, presenting a canvas for a truly personalized lifestyle. This property provides a rare blend of historical character and generous proportions, set on a substantial 4.21 acre lot. The residence encompasses four well-proportioned bedrooms, providing ample private retreats for family and guests. With two full bathrooms, convenience and comfort are thoughtfully integrated into the home's design. Spanning 2.5 stories, this property offers a dynamic living experience with distinct levels for various activities and moments of repose. This multi-level layout contributes to the home's unique flow and potential for diverse living arrangements. Large barn with electric and concrete floors for storage or play. Smoke house is taking a walk back in history with its now unusable fireplace, and loft. AND, concrete pad basketball court. Embrace the potential of this exceptional property and envision your future within its welcoming embrace.

Description provided by the listing brokerage.

Interior

Appliances
Gas CooktopDishwasherElectric Water HeaterOvenDouble OvenRefrigerator
Interior features
Attic StairwayBath Sinks Double MainBreakfast BarPantryWalk-In Closet(s)Wood Work Stained
Kitchen
Kitchen Some Updates
Other rooms and areas
Laundry in Unit
Flooring
Hardwood
Basement
PartialUnfinished
Laundry
Connections AllLaundry Room
Windows
Wood Frames
Rooms
10
Condition
Updated/Remodeled

Exterior

Exterior features
Barn MiniStorageBasketball Court
Patio and porch
CoveredDeckWrap Around
Construction
Vinyl Siding
Foundation
Block
Parking and garage
Detached
Other structures
Outbuilding
Other equipment
Smoke Alarm

Systems

Heating
Forced AirPropane
Cooling
Central Air
Water
WellPrivate
Utilities
Septic System

Lot and HOA

Lot features
Not In SubdivisionRural - Not SubdivisionMature Trees

Schools

High school
Waldron Jr-Sr High School
School district
Shelby Eastern Schools

Taxes

Estimated annual tax
$2,358 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,811per month, estimated
Principal and interest $2,445Property tax $197Insurance $170
20% · $97,000
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$485,000
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