About This Home

This 4-bedroom, 2-bathroom single family at 235 East Schafer Lane in Madison, IN is listed for $280,000 ($135 per sqft). Built in 1943, the home offers 2,074 sqft of living space on a 0.81 acres lot.

Key Features

  • Built in 1943
  • 0.81 acre lot

Property Details

2 full
1943
Listing Description

Looking for a property that offers space, privacy, and plenty of possibilities? Welcome to East Schafer Lane in Madison, Indiana! Tucked away on a quiet dead-end road and surrounded by mature trees, this home offers a peaceful setting with the convenience of being just a short drive from downtown Madison, local shopping, dining, schools, and everyday amenities.

The flexible layout features two private entrances, creating options for separate living quarters, multi-generational living, a home office setup, or potential income-producing space. Whether you're searching for a home with room to spread out, space to accommodate changing needs, or a property you can make your own, this one offers versatility in a great Madison location.

Enjoy the privacy of the tree-lined setting while staying within easy reach of everything this historic river town has to offer. Come explore the possibilities! Square footage and room sizes are approximate; buyer to verify.

Monthly Cost Estimate

$1,497/mo

20% down · 6.5% · 30 years

Principal$202
Interest$1,213
Insurance$82

Estimates only. Actual payments may vary.

Location

235 East Schafer Lane

Madison, IN 47250

Questions & Answers

This 4-bedroom, 2-bathroom single family at 235 East Schafer Lane is listed at $280,000 ($135/sqft). The estimated monthly payment is $1,498 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1943, 0.81 acre lot.

This property is listed by Cherronna Jones-Dailey.

CJ

Cherronna Jones-Dailey

Agent at NextHome, Inc

Listed by NextHome, Inc · Broker phone: 8129247024 · Broker website

MLS# 2026011732· Source: NextHome, Inc· 1 day on PropertySimple

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

235 East Schafer Lane, Madison, IN 47250

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