Build Your Dream Home in Picturesque Elwood!


$220.20 for 60 months w/ $1,000.00 down payment

Reservation Process: If you are interested in reserving this parcel, please choose a reservation method (cash or seller financing) and then click “Reserve Now” button. You will be redirected to our payment page to make the reservation payment of $199 and submit your contact information for the contracts. 

Please visit our frequently asked questions page if you would like more information about the purchasing process!


Welcome to Elwood, a charming town steeped in history and offering a wealth of attractions to explore. Situated in the heart of Madison County, this 0.13-acre property provides ample space to build your dream home or cabin. The serene environment is surrounded by gently rolling hills, with the White River providing a picturesque backdrop for outdoor activities such as fishing and boating.

In addition to the peaceful surroundings, the immediate area around the property is equally exciting. With a low crime rate, good schools, and a low cost of living, this property is an excellent investment opportunity. Electricity, water, and a municipal sewer system are all available along the road, making it easy to connect to amenities. The nearest gas station is just a 5-minute drive away, and Anderson, a mid-sized city with plenty of shopping, dining, and entertainment options, can be reached in just 21 minutes.

Within a 60-minute drive of the property, there is no shortage of activities to enjoy. Discover the prehistoric earthworks at Mounds State Park or delve into the history of motorsports at the Indianapolis Motor Speedway Museum. Summit Lake State Park offers hiking and boating, while the Indiana State Museum is the perfect place to learn about the state’s history and culture. This property is not located in a flood zone or wetlands, and although mobile homes cannot be placed on the property, the R2 residential zoning allows for the construction of a dream home. Don’t miss this opportunity to live in a stunning part of Indiana, surrounded by all the exciting activities the area has to offer.

Purchasing Options:

Seller Financing: $10,000.00. $1,000.00 down and $220.20 a month for 60 months. The total monthly payment includes: $200.20 of principal & interest, $20.00 loan servicing fee, $0.00 property taxes, and $0.00 HOA dues. There are no prepayment penalties!

** Monthly principal & interest of $200.20 based on a financed purchase price of $10,000.00 less the downpayment of $1,000.00 for a net amount financed of $9,000.00 that is payable over 60 of equal installments with an amortized interest rate of 12%.

Discounted Cash Price: $9,000.00.

Nearby Attractions:

Mounds State Park: Located just a short drive from Elwood, Mounds State Park is a beautiful natural area that features several prehistoric earthworks, including a unique group of circular mounds. Visitors can hike the park’s trails, picnic, and fish in the White River.

Anderson Center for the Arts: The Anderson Center for the Arts is a cultural hub located in nearby Anderson, Indiana. The center features rotating exhibits of contemporary art, as well as performances, workshops, and classes for all ages.

Summit Lake State Park: Summit Lake State Park is a popular destination for fishing, swimming, and boating. The park’s 800-acre lake is stocked with a variety of fish, and visitors can rent kayaks, canoes, and paddleboats to explore the water.

Property Details:

STATE: Indiana (IN)
COUNTY: Madison
SIZE: 0.13 Acres
APN(s): 48-04-16-102-089.000-027 / 0 / 0 / 0 / 0 / 0
GPS COORDINATES: 40.27445012,-85.84969303
PROPERTY ELEVATION: 855 feet above sea level
TAXES: No back taxes, approximately $ 0.00 per year total
HOA Dues: Approximately $0.00 per year total
ACCESS: Gravel
ZONING: R2- Residential
SEWER: Municipal Sewer
WATER: City Water
DISTANCE TO ELECTRIC: Along the road -Available
CONVEYANCE: Special Warranty Deed
TITLE: Free of Liens and Encumbrances


powered by Advanced iFrame free. Get the Pro version on CodeCanyon.


powered by Advanced iFrame free. Get the Pro version on CodeCanyon.


Google Maps Pin: This pin will allow you to use Google Maps to generate directions from anywhere in the world. Please click the button to use the pin.

MapRight Mobile Link: This link will allow you to use the free MapRight app to allow you to see the property boundaries using your phones GPS while on site. 

The Fine Print

Any property information (including, but not limited to, all real property images, descriptions, pricing, locations and availability; hereinafter referred to as “Real Estate Information”) made available by or through this website is provided solely for informational purposes and is not guaranteed or warranted by Find Some Land LLC. Find Some Land LLC believes the Real Estate Information to be accurate and complete; however it is subject to change and/or correction without notice. 

All information regarding the real estate advertised herein has been assembled through various sources and independent investigation should be conducted by all prospective buyers. Please verify all Real Estate Information through public records available through the County Clerk or Registrar in the county where the property is located. Buyer is responsible for conducting due diligence.

If purchasing with seller financing, the contract for deed stipulates that the property all improvements to the property must be approved in writing.  Please feel free to contact us if this is an issue for you so that we can discuss your specific situation and plans. The approval can and will be provided at the same time as the contract documents.


Share this Property

Do you have a question?

Do you have questions? Our Frequently Asked Questions has answers!

Did you have a chance to Read Our Blog?

Shopping Cart