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1470 College Parkway, Elwood, IN 46036

Here's 1470 College Parkway in Elwood, IN 46036, listed at $489,900.

1 photo from the listing — tap any to expand.

Side exterior at 1470 College Parkway, Elwood, INFor Sale — 1470 College Parkway, Elwood, IN 460361 / 1

Quick read on the numbers:

$489,900

For Sale12 days on market
Beds

4

Baths

3

Sq ft

2,974

Built

2006

Acres

0.16

Key things to know

  • Double lot with pond views
  • 4-car garage (2 attached + 2 secondary)
  • Primary suite with water views
  • Outdoor kitchen and fire pit
  • Open-concept kitchen with island

About this home

Rare double-lot waterfront estate in sought-after Willow Run with pond views, 4-car garage, and 2,974 sq ft of updated living space ideal for entertaining or collections.

A few highlights from the feature list:

Interior

Walk-In Closet(s)Wood Work StainedEat-in KitchenHi-Speed Internet AvailblPantryKitchen Island

Exterior

Water Feature FountainFire PitOutdoor Kitchen

I'll break the details down — open any section that matters.

Rough monthly:

Monthly payment

Estimate · $489,900

$2,880/mo

≈ $2,607 principal & interest · $254 tax · $19 HOA

Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $97,980 on a loan of $391,920.

Price history

  1. Listedat $489,900

    Apr 28, 2026

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

  • 9490 W 1000 N

    $510,000

    9490 W 1000 N

    4bd · 4ba · 2,616 sqft

    Sold May 2026

  • 5915 W 1400 N

    $589,000

    5915 W 1400 N

    4bd · 3ba · 2,280 sqft

    Sold May 2026

  • 1601 S E Street

    $210,000

    1601 S E Street

    3bd · 2ba · 3,240 sqft

    Sold Apr 2026

  • 5705 W 1300 N

    $635,000

    5705 W 1300 N

    3bd · 2ba · 2,963 sqft

    Sold Apr 2026

  • 715 S Anderson Street

    $320,000

    715 S Anderson Street

    5bd · 3ba · 2,616 sqft

    Sold Apr 2026

Comparative value

5 comps in this range

This home is 3.9% below median for similar nearby sales.

$210K$635KMedian $510K
$490K

A few places to dig deeper:

Willow Run Willow Walk Elwood Community School Corp

MLS# 22097549

Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.

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