109 Central Ave Madison, IN 47250
Estimated payment $2,246/month
Highlights
- River View
- Forced Air Heating and Cooling System
- Wood Burning Fireplace
- 1-Story Property
- 1 Car Garage
- 1-minute walk to Bicentennial Park
About This Home
Rare chance to own property directly across from Historic Downtown Madison festival hub Bicentennial Park, and close to the River Walk. This property sits in the heart of the action, offering unparalleled access to all the charm and activities downtown has to offer. The house itself is in need of renovation, but it provides a blank slate for any vision. Whether you dream of restoring the existing property into a historic downtown potential as a live/work space, the possibilities are endless. It is easily one of the most visible and marketable locations for music, hydroplane racing, car shows, and the growing attractions on Madison's Riverfront.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,394
Year Built
- Built in 1900
Lot Details
- 8,904 Sq Ft Lot
- Lot Dimensions are 140x70
- Property is zoned Historic District
Parking
- 1 Car Garage
- Basement Garage
- Off-Street Parking
Property Views
- River
- Scenic Vista
Interior Spaces
- 1,082 Sq Ft Home
- 1-Story Property
- Wood Burning Fireplace
- Unfinished Basement
- Walk-Out Basement
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 39130223231033000007
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,394 | $74,800 | $9,200 | $65,600 |
| 2024 | $1,394 | $69,700 | $9,200 | $60,500 |
| 2023 | $1,394 | $69,700 | $9,200 | $60,500 |
| 2022 | $1,382 | $69,100 | $9,200 | $59,900 |
| 2021 | $1,260 | $63,000 | $7,900 | $55,100 |
| 2020 | $1,250 | $62,500 | $7,900 | $54,600 |
| 2019 | $476 | $62,500 | $7,900 | $54,600 |
| 2018 | $224 | $30,600 | $7,900 | $22,700 |
| 2017 | $236 | $32,900 | $7,900 | $25,000 |
| 2016 | $226 | $32,900 | $7,900 | $25,000 |
| 2014 | $616 | $81,400 | $6,400 | $75,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/30/2026 03/30/26 | Price Changed | $399,000 | -6.1% | $369 / Sq Ft |
| 10/27/2025 10/27/25 | Price Changed | $425,000 | -14.8% | $393 / Sq Ft |
| 09/17/2025 09/17/25 | For Sale | $499,000 | -- | $461 / Sq Ft |
Source: Southern Indiana REALTORS® Association
MLS Number: 2025011117
APN: 39-13-02-231-033-000-007
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IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
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Ask me questions while you tour the home.