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$252,000 ↓$6,000on 12/5/2024

1348 Franklin Drive Madison, IN  47250

  • 4 Beds
  • 2 Baths
  • 2,232 sq. Ft

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Property Description for 1348 Franklin Drive Madison, IN 47250

Discover your ideal home in this delightful 4-bedroom, 2-bath Bedford stone house, perfectly located on Madison's scenic hilltop, just minutes from the beautiful Clifty Falls State Park. This home features a full basement that is partially finished with a bedroom, full bath, family room, and a cozy day sleeping room, offering versatile living space. The fenced-in yard on a spacious corner lot features a back deck, ideal for outdoor gatherings. Additionally, the property includes both a garage and a carport, providing ample parking and storage options. Situated in a peaceful neighborhood, this well-cared-for home offers tranquility and comfort while being conveniently close to all of Madison's amenities. Don’t miss out on this fantastic opportunity! Utilities tend to be lower due to the Bedford stone and the whole house fan. With homestead deductions taxes would be closer to $1598 a year.

Address:1348 Franklin Drive Madison IN 47250
Status:Active
on site: 171 days
Price:$252,000
Bedrooms:4 Beds
Bathrooms:2 Full Baths
Sq. Feet:2,232
Year Built:1958
Lot Size:0.29
County: Jefferson_IN
Township: Madison
MLS #:202408801
Property Type:Residential

Lot Dimensions:12719.52
Road Surface:Paved
Lot Features:CornerLot
Zoning:Residential
Water Source:Connected, Public
Directions:Head North on Cragmont Street from Main Street. In 1.7 miles make a left onto State St. In 0.8 miles make a left onto Rabbit Lane. In 0.4 miles the property will be located at the corner of Franklin Drive.
Upper Level Sq. Ft. :1,232
Total Sq. Ft. :2,232
Sq. Ft. Source:Assessor
Basement:Yes

Loan Price
$1,686
Price And Interest $1,315/month
Property Tax $266/month
MTG INS $0/month
HOME INS $105/month
Price
$252,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$266/month
Home Owner Insurance
$1,260 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
12/05/24 $258,000 $252,000 -2.33%
10/02/24 $265,000 $258,000 -2.64%
08/29/24 $277,000 $265,000 -4.33%
07/31/24 $282,000 $277,000 -1.77%

RoomSizeLevel
Bedroom 11 x 11 First
Kitchen 15 x 12.6 First
LivingRoom 23 x 12.6 First
Other 16 x 12.6 Lower
PrimaryBedroom 12 x 11 First
Other 23 x 4 Lower
FullBath 11 x 8 Lower
Other 15.6 x 13 Lower
Bedroom 14 x 11 Lower
FamilyRoom 23 x 12.6 Lower
FullBath 8 x 6 First
Bedroom 12 x 12 First

Semi-Annual Property Tax:$1,598
Mandatory HOA Fee:$

Area: Hilltop
City:Madison
Subdivision: Dolly Madison Heights
Zip Code:47250

Total Sq. Ft.:2,232
Interior Features:MainLevelPrimary, AirFiltration
Appliances:Dishwasher, Humidifier, Oven, Range, Refrigerator, WaterSoftener
Porch / Patio:Deck, Porch
Exterior Features:Deck, Fence, Porch
Exterior Type:Stone
Cool:CentralAir
Heat:ForcedAir
Total Rooms:12
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Jim Pruett with eXp Realty, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Madison Market Report

243
Avg. DOM
$172.52
Avg. $ / Sq.Ft.
$ 268,500
Med. List Price

The house prices in Madison are indeed dropping at the moment. There has been a decrease in price of $114,716.67. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Madison are going Down. The average house price is $310,000.00 and the average price per square feet is $177.29 per square feet. At the moment, the amount of homes listed is exactly 44 houses, with 16 with active status, 5 with pending status and 23 sold in Madison .

The most popular place to buy a home in Madison is 13-Indiana. 13-Indiana is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Madison .

The average amount of property taxes you would have to pay for a home in Madison is $1,346.67. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Madison are staying listed for an average of 83 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Madison was 3207 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Madison is $798,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Madison is $85,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Madison in year 1833 and the newest built house is in year 9999.

The average size of properties in Madison is 2068.81 sq.ft. , the biggest one being 3986 sq.ft. and the smaller being 600 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.