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$599,000 ↓$26,000on 6/20/2024

510 W Main Street Madison, IN  47250

  • 5 Beds
  • 6 Baths
  • 3,080 sq. Ft

Property Description for 510 W Main Street Madison, IN 47250

Grand historic brick federal style home that is currently operating as a Bed & Breakfast in the town that USA Today just named the #1 Small Town in the Midwest! This 5 bedroom, 5 1/2 bath property is located in the heart of the historic district in Madison, Indiana on the Ohio River between Louisville KY and Cincinnati OH. The Crawford-Whitehead-Ross House was built in 1833 and is on the National Register of Historic Places. The interior of the home boasts many architectural details including a grand staircase, 10 foot double entrance doors, 12 foot ceilings on the main level and 10' ceilings on the 2nd level, large Italian marble fireplaces, restored original hardwood pine floors, double parlor with pocket doors, 8 fireplaces, several original plaster ceiling medallions, most of the original doors, woodwork and windows, and front and back staircases. The exterior of the home features lovely landscaping and the most beautiful wrap around side porches that can be found in Madison! There is off street parking with the potential for a garage. Conveniently located to restaurants & specialty boutique shops. You will be impressed with all this home and our picturesque community have to offer.

Address:510 W Main Street Madison IN 47250
Status:Active
on site: 242 days
Price:$599,000
Bedrooms:5 Beds
Bathrooms:5 Full Baths, 1 Half Baths
Sq. Feet:3,080
Year Built:1833
Lot Size:0.12
County: Jefferson_IN
Township: Madison
MLS #:202407115
Property Type:Residential

Lot Dimensions:5227.2
Road Surface:Paved
Zoning:Historic District, Special
Water Source:Connected, Public
Directions:North side of W Main Street in downtown Madison
Upper Level Sq. Ft. :3,080
Total Sq. Ft. :3,080
Sq. Ft. Source:Assessor
Basement:Yes

Loan Price
$3,668
Price And Interest $3,125/month
Property Tax $293/month
MTG INS $0/month
HOME INS $250/month
Price
$599,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$293/month
Home Owner Insurance
$3,000 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
06/20/24 $625,000 $599,000 -4.16%

RoomSizeLevel
Bedroom 13.6 x 15 Second
Bedroom 15 x 18 Second
Bedroom 17 x 18 Second
Bedroom 17 x 18 Second
Bedroom 13.6 x 15 First
Kitchen 14 x 21 First
DiningRoom 17 x 18 First
LivingRoom 17 x 18 First

Semi-Annual Property Tax:$1,756
Mandatory HOA Fee:$

Area: Downtown
City:Madison
Zip Code:47250

Total Sq. Ft.:3,080
Interior Features:Bookcases, SeparateFormalDiningRoom, EntranceFoyer, KitchenIsland
Appliances:Dryer, Microwave, Oven, Range, Refrigerator, Washer
Porch / Patio:Balcony, Covered, Porch
Exterior Features:Balcony, Landscaping, Porch
Exterior Type:Brick, Frame
Fireplace(s):Electric, WoodBurning
Cool:CentralAir
Heat:ForcedAir
Total Rooms:8
Scott Lynch, REALTOR®/Broker, F. C. Tucker Company
Scott Lynch
Phone (812) 701-0081
Additional Phone (812) 265-3122
F.C. Tucker Company

Listing provided courtesy of Scott Lynch with F.C. Tucker/Scott Lynch Group

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 1950 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.