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(SOLD) $335,000

714 E Main Street Madison, IN  47250

  • 3 Beds
  • 3 Baths
  • 1,878 sq. Ft

Property Description for 714 E Main Street Madison, IN 47250

Welcome to your dream historic home in downtown Madison! This captivating stone residence, built in 1838 by the skilled hands of stone masons who contributed to the city's iconic railroads, offers a rare blend of timeless elegance and modern convenience. Step inside to discover the enduring allure of this 2-3 bedroom, 2.5 bath sanctuary, where original chestnut and old-growth pine flooring whisper stories of bygone eras. Meticulously preserved historic charms harmonize seamlessly with thoughtful updates, creating a living space that exudes warmth and character and highlights Madison's rich heritage. Escape to the tranquility of the back screened porch and courtyard, where Brazilian walnut decking resists decay, offering a serene retreat for morning coffee or evening gatherings under the stars. One of the standout features of this home is its off-street parking, a rarity in downtown Madison. With the flexibility to build a carport or garage, convenience meets historic charm. For those considering investment opportunities, this home presents a lucrative option with its potential as a profitable short-term rental business. Furnishings may stay with an acceptable offer, providing a turnkey, proven solution for investors looking to capitalize on Madison's vibrant tourism scene. Don't miss this rare opportunity to own a piece of Madison's storied past while enjoying the comforts of contemporary living.

Address:714 E Main Street Madison IN 47250
Status:Sold
Sold On: 4/1/2024
Price:$335,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths, 1 Half Baths
Sq. Feet:1,878
Year Built:1900
Lot Size:0.08
County: Jefferson_IN
Township: Madison
MLS #:202406072
Property Type:Residential

Lot Dimensions:3528.36
Road Surface:Paved
Zoning:Residential
Water Source:Connected, Public
Directions:From Jefferson Street head East on Main Street. The property will be located on your right in 0.3 miles.
Upper Level Sq. Ft. :1,878
Total Sq. Ft. :1,878
Sq. Ft. Source:Assessor

Loan Price
$2,113
Price And Interest $1,748/month
Property Tax $225/month
MTG INS $0/month
HOME INS $140/month
Price
$335,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$225/month
Home Owner Insurance
$1,680 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Other 5 x 33 First
Other 8 x 19 Second
Bedroom 13 x 16.2 Second
PrimaryBedroom 12.4 x 17.1 Second
Other 10 x 15 First
Kitchen 9 x 18.7 First
DiningRoom 13.9 x 16.6 First
LivingRoom 13.9 x 16.10 First

Semi-Annual Property Tax:$1,351
Mandatory HOA Fee:$

Area: Downtown
City:Madison
Zip Code:47250

Total Sq. Ft.:1,878
Appliances:Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
Exterior Type:Stone
Cool:CentralAir
Heat:ForcedAir
Total Rooms:8
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Schools in 714 E Main Street Madison, IN  47250


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Listing provided courtesy of Austin Ketcham 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

195
Avg. DOM
$179.9
Avg. $ / Sq.Ft.
$ 210,000
Med. List Price

The house prices in Madison are indeed dropping at the moment. There has been a decrease in price of $7,333.33. 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 $249,950.00 and the average price per square feet is $186.16 per square feet. At the moment, the amount of homes listed is exactly 41 houses, with 12 with active status, 2 with pending status and 27 sold in Madison .

The most popular place to buy a home in Madison is 12-Other Counties. 12-Other Counties 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 $1,345.33. 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 87 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 3319 minutes ago.

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

The cost of the most expensive home in Madison is $650,000.00. 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 1650.92 sq.ft. , the biggest one being 3080 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.