For Sale24d on market
207 S Erie St
Lapel, IN, 46051 • 46051 • Madison County
$115,000
$111/sqft
Down payment assistance available
2Beds
1Baths
1,036Sqft
0.19 acLot
1961Built
This home is getting attention
Listed 24 days ago · 1,565 views · 58 saves
Market activity
Demand and pricing signals for this listing
1,565 views
People checking out this listing
58 saves
Buyers have saved this home
24 days on market
Recently listed
$111/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 39% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Single Family · Built 1961
Opportunity awaits at this 2-bedroom, 1-bathroom, Bi-level located in the heart of Lapel. This 900 sq. ft. home is a true blank canvas, perfect for investors or DIY enthusiasts ready to put in the work. The property features a functional layout, a 0.19-acre lot with mature potential, and a convenient carport. Situated within the desirable Frankton-Lapel Community School system and just blocks from local parks and the elementary school, this home offers incredible potential once restored. Sold strictly as-is—bring your tools and your vision to turn this diamond in the rough into a standout residence!
Estimated monthly payment
Based on current rates
$750/month
Principal & Interest$597
Property Tax$115
Insurance$38
Down payment20% ($23,000)
3%50%
Est. 6.75% rate · 30yr fixed · $92,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingleFamily
Year Built1961
HeatingOther
ParkingCarport, Garage
Lot8,146 sqft
Days on Zillow24 Days
Price/sqft$111
Property
Home typeSingle Family
Year built1961
Systems
HeatingOther
RoofAsphalt
ConstructionFrame
Parking & Outdoor
ParkingCarport, Garage
BasementPartially finished
Lot8,146 sqft
Location & Tax
Neighborhood46051
Annual tax$556
Parcel481028403049000032
Bathrooms & Fees
Full baths1
Features & details
5 categories of property features
Interior Features
Appliances
Range / Oven
Refrigerator
Flooring
Other
Carpet
Linoleum / Vinyl
Heating
Other
Exterior Features
Parking
Carport
Garage
Construction
Frame
Room details
1 room detailed
Family Room
Listing insights
Market data and value estimates
StatusFor Sale
Days on market24
Est. rent$1,106/mo
Tax rate0.76%
Price/sqft$111
On marketMar 15, 2026
PostedMar 15, 2026
Tour days6
Views1,565
Favorites58
How are the schools in Lapel?
3 schools rated nearby
Location
Lapel, IN, 46051
Price history
1 event
DateEventPrice$/sqftSource
Mar 15, 2026Listed For Sale$115,000$111Owner
Listed For Sale$115,000
Mar 15, 2026•$111/sqft•Owner
Tax history
18 years of records
YearTax paidAssessed value
Apr 8, 2025$556$89,100
Apr 8, 2024$524$80,900
Apr 8, 2023$948$74,100
Apr 8, 2022$875$94,200
Apr 8, 2021$862$89,900
Apr 8, 2020$773$85,900
Apr 8, 2019$590$83,800
Apr 8, 2018$539$76,600
Apr 8, 2017$530$75,900
Apr 8, 2016$497$75,900
Apr 8, 2014$545$75,000
Apr 8, 2013$527$76,400
Apr 8, 2012$506$75,200
Apr 8, 2011—$82,400
Apr 8, 2010$584$82,400
Apr 8, 2009$545$82,800
Apr 8, 2006—$87,200
Apr 8, 2005—$75,700
Nearby homes
Neighborhood details
Local context around this listing
Lapel, IN • Madison County
Nearby neighborhoods
Fishersburg
Nearby cities
AlexandriaAndersonChesterfieldElwoodFortvilleFranktonLapelMarkleville
Nearby zip codes
46051
Similar homes
No obligation · Same-day response