Skip to content

797 N 500 Road W

Anderson, IN 46011

PendingListed Oct 16, 2026 · 6 days on market

Key facts

Beds
4
Baths
2 full
Living area
1,378 sqft
Lot
1 acres
Year built
1959
Type
Residential · Single Family Residence
Stories
One and one half
Garage
1 space
MLS #
22131165
County
Madison
Subdivision
No Subdivision

About this home

This home has been a cherished family residence since its beginning. Originally as a smaller home, its was expanded in 1959. The property offers a lovely setting with approximately 260 ft frontage and 180 ft depth. (One Acre) Enjoy a peaceful backyard overlooking mature trees with a calm stream running through. While the home needs some remodeling AND is in "AS IS CONDITION", this home welcome tender loving care. Offers wonderful potential for someone looking to restore and make their own. Roomy two rooms upstairs currently used as bedrooms. no closets. Gas forced air, HOWEVER family room - baseboard heat. Buyer to verify and confirm measurements.

Description provided by the listing brokerage.

Interior

Appliances
MicrowaveElectric OvenWasherRefrigeratorDryerDishwasherRange Hood
Interior features
Attic Access
Kitchen
Kitchen Galley
Other rooms and areas
Laundry in Unit
Laundry
Common LaundryLaundry Room
Security
Smoke Detector(s)
Rooms
8
Main-level bedrooms
2
Condition
Fixer

Exterior

Exterior features
Storage Shed
Patio and porch
CoveredDeck
Construction
Wood Siding
Foundation
Crawl SpaceSlab
Style
Cape Cod
Parking and garage
Attached
View
Creek/StreamTrees/Woods

Systems

Heating
Natural GasElectricBaseboard
Cooling
Central AirWindow Unit(s)Wall Unit(s)
Water
WellPrivate
Utilities
Natural Gas AvailableNatural Gas ConnectedSeptic SystemSewer Connected

Lot and HOA

Lot features
Rural - Not Subdivision

Schools

Middle school
Lapel Middle School
School district
Frankton-Lapel Community Schools

Taxes

Estimated annual tax
$1,148 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$904per month, estimated
Principal and interest $756Property tax $96Insurance $53
20% · $30,000
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.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$150,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.