$304,000
$145K PRICE DROP

1127 Walnut St Madison, IN 47250

Estimated payment $1,809/month

Total Views 20,846
2 Beds
1 Bath
1,623 Sq Ft
$187 Price per Sq Ft

Highlights

  • Scenic Views
  • Creek On Lot
  • 1 Car Attached Garage
  • Secluded Lot
  • Wooded Lot
  • 1-Story Property

About This Home

Incredible Opportunity in the Heart of Historic Madison, Indiana! This unique property offers this home situated with four separate parcels, totaling 9.68 ACRES of beautiful southern Indiana landscape. A true blend of partially wooded acreage and open fields, this property is perfect for nature lovers, investors, or those seeking a PRIVATE RETREAT with development potential. Located just moments from the scenic Ohio River, this property captures the charm and outdoor lifestyle Madison is known for. Enjoy the peaceful sound of a creek running along the back of the land, the sitings of the wildlife such as foxes, cardinals, hummingbirds, and even deer! Whether you are envisioning a bed and breakfast, family compound, short-term or long-term rental investment, the POSSIBILITIES ARE ENDLESS. You even have the opportunity to grow a number of things do the rich soil on the property. The Heritage Trail, ideal for walking, running, or biking, begins just down the street, adding a unique lifestyle benefit for future guests or residents. This sale includes four parcels: 1127 Walnut, 1131 Walnut (one parcel), 1100 Walnut, and a land parcel all combined into one rare offering. With the rich history of Madison, a vibrant downtown, and riverfront charm just minutes away, this property offers high desirability. The home at 1131 Walnut street is also available for purchase. Schedule your own private showing today to see what this property has to offer!

Listing Agent

William Andes

eXp Realty, LLC License #RB23001568 Listed on: 07/01/2025

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,830

Year Built

  • Built in 1900

Lot Details

  • 9.68 Acre Lot
  • Secluded Lot
  • Wooded Lot

Parking

  • 1 Car Attached Garage

Property Views

  • Scenic Vista
  • Park or Greenbelt

Interior Spaces

  • 1,623 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Creek On Lot

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Gas Available
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0110272700

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,830

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Improvements: 85400
  • Annual Tax: 1830
  • Appointment: Mandatory
  • Construction: Existing
  • Land Assessment: 6100
  • Legal Description: 011-02727-00 66X107 W SD WALNUT 11-104.1-10 1127 N. WALNUT ST.
  • Numof Fireplaces: 1
  • Out Buildings: Other
  • Parcel Number: 0110272700
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 91500
  • Total Finished Square Footage: 1623
  • Type: 1 Story
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Crawl Space
  • Above Grade Finished Sq Ft: 1623.00
  • Appliances: Dishwasher, Microwave, Range / Oven, Refrigerator
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Fireplace: Woodburning
  • Interior Amenities: 1st Floor Master, Family Room
  • Lot Sq Ft: 421660.80
  • Room Count: 3
  • Sewer Type: Sewer
  • Total Sq Ft: 1623
  • Total Rooms: 2

Garage/Parking

  • Garage Type: Attached
  • Garage Spaces: 1
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air, Window A/C Unit(s)
  • Fuel Type: Electric, Gas
  • Heat Type: Forced Air
  • Water: Creek
  • Water Type: Public Onsite

Schools

  • School District: Madison Cons.

Lot Info

  • Acres: 9.6800
  • Lot Description: Park-Like View, Scenic View, Secluded Lot, Wooded Lot
  • Zoning: Residential

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $848 $91,500 $6,100 $85,400
2023 $1,830 $91,500 $6,100 $85,400
2022 $1,812 $90,600 $6,100 $84,500
2021 $1,674 $83,700 $6,100 $77,600
2020 $1,658 $82,900 $6,100 $76,800
2019 $1,658 $82,900 $6,100 $76,800
2018 $0 $82,900 $6,100 $76,800
2017 $0 $91,200 $6,100 $85,100
2016 $0 $91,200 $6,100 $85,100
2014 -- $70,900 $6,300 $64,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Price Changed $304,000 -3.2% $187 / Sq Ft
07/15/2025 07/15/25 Price Changed $314,000 -30.1% $193 / Sq Ft
07/01/2025 07/01/25 For Sale $449,000 -- $277 / Sq Ft
Source: Southern Indiana REALTORS® Association

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Source: Southern Indiana REALTORS® Association

MLS Number: 202508962

Southern Indiana REALTORS® Association

APN: 39-08-35-113-045-000-007