NOT LISTED FOR SALE

1460 E 400 N Madison, IN 47250

Estimated Value: $536,000 - $1,021,402

6 Beds
6.5 Baths
5,966 Sq Ft
$121/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $787,000 $132 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,234/month

196 Days on Market

Highlights

  • Scenic Views
  • Open Floorplan
  • Pole Barn
  • 37.07 Acre Lot
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of February 2021

One of Madison’s most wonderful estate properties is ready for you! Whether you decide to pursue the continuation of the vineyards and winery established on this 37 acres of beautiful ground, or choose to go another direction, this property invites you to explore your passions and abilities. This property boasts a charming stucco home, properly placed in the rolling landscape and wrapped with vineyards reminiscent of Tuscany. Ample space within this home allows you to consider the potential for guest accommodations. There are also two guest cottages on this property. All the equipment used in the winery, and the business itself, convey with the sale of this property. Review the attached documentation of equipment and materials to fully understand the value of this purchase! Make this Madison, Indiana estate yours. Beautiful, functional commercial building currently used as a winery. Large dining room with covered porch and scenic view. Listing includes all equipment for winery. 17 parking spaces and loading dock. Great views of vineyards. Must see to appreciate.

Last Agent to Sell the Property

JR Harrell

Coldwell Banker Harrell & Asso License #RB14042161 Listed on: 07/15/2020

Coldwell Banker Harrell & Asso

Co-Listed By

Jessica Butler

License #RB18001702

Last Buyer's Agent

David Jenkins

License #RB14025549

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,814

Year Built

  • Built in 2005

Lot Details

  • 37.07 Acre Lot
  • Garden
  • Property is zoned Agri/ Residential

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Poured Concrete
  • Frame Construction
  • Stucco Exterior

Interior Spaces

  • 5,966 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Fireplace
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Scenic Vista Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio
  • Pole Barn
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Water Softener
  • On Site Septic

Listing and Financial Details

  • Assessor Parcel Number 390812000011001006

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,814

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Improvements: 458300
  • Additional Parking: Off Street
  • Additional Assessor Parcel Numbers: 390812000011000006
  • Annual Tax: 7814
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Foundation: Poured Concrete
  • Land Assessment: 131800
  • Legal Description: 390812000011001006 390812000026000006 390812000011000006 3 parcels
  • Numof Fireplaces: 2
  • Out Buildings: Garage, Barn(s), Pole Barn, Shed
  • Parcel Number: 390812000011001006
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 590100
  • Total Deduction Amnt: 208741
  • Total Finished Square Footage: 5966
  • Type: 2 Story
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Finished, Full
  • Above Grade Finished Sq Ft: 4464.00
  • Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Disposal, Garage Door Opener, Range / Oven, Refrigerator, Water Softener
  • Basement: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 7.00
  • Total Bedrooms: 6
  • Fireplace: Gas Burning
  • Interior Amenities: 1st Floor Master, Bath Master, Blinds, Bonus Room, Cath/Vaul/Tray Ceil, Ceiling Fan(s), Den/Office, Family Room, Formal Dining Rm, Foyer, Open Floor Plan, Pantry, Walk-In Closet(s)
  • Lot Sq Ft: 1614769.20
  • Room Count: 12
  • Sewer Type: Septic Onsite, Sewer
  • Total Sq Ft: 5966
  • Total Rooms: 12

Exterior Features

  • Exterior Features: Balcony, Patio, Stucco, Thermopane Windows
  • Road Frontage: 340

Garage/Parking

  • Garage Type: Attached
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Electric
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Schools

  • School District: Madison Cons.

Lot Info

  • Acres: 37.0700
  • Lot Description: Garden Area, Scenic View
  • Zoning: Agri/ Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2021
Sold by
Nomad Investments Llc
Bought by
Stephan Jordan E
Current Estimated Value
$720,351

Purchase Details

Listed on
Jul 15, 2020
Closed on
Feb 19, 2021
Sold by
Madison Vineyards Inc And Steven M Palme
Bought by
Nomad Investments Llc
Seller's Agent
JR Harrell
Coldwell Banker Harrell & Asso
Buyer's Agent
David Jenkins
List Price
$898,500
Sold Price
$787,000
Premium/Discount to List
-$111,500
-12.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.89%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stephan Jordan E $500,000 Madison Land Title
Nomad Investments Llc $787,000 Madison Land Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2021 02/19/21 Sold $787,000 -12.4% $132 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
07/15/2020 07/15/20 For Sale $898,500 -- $151 / Sq Ft
Source: Southern Indiana REALTORS® Association

Tax History Compared to Growth

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 $4,801 $476,100 $21,400 $454,700
2023 $5,322 $481,400 $21,400 $460,000
2022 $4,831 $442,100 $21,400 $420,700
2021 $4,492 $406,100 $21,400 $384,700
2020 $4,130 $381,100 $21,400 $359,700
2019 $4,135 $385,100 $21,400 $363,700
2018 $4,036 $389,100 $21,400 $367,700
2017 $3,911 $385,300 $21,400 $363,900
2016 $3,728 $389,200 $21,400 $367,800
2014 $3,701 $388,000 $21,500 $366,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202009281

Southern Indiana REALTORS® Association

APN: 39-08-12-000-011-001-006