NOT LISTED FOR SALE

1505 Michigan Rd Madison, IN 47250

Estimated Value: $244,000 - $330,093

3 Beds
2 Baths
2,102 Sq Ft
$142/Sq Ft Est. Value

Sale Details

Date Sold: October 3, 2022

Last sale price $289,000 $137 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,756 / mo

3 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Covered Patio or Porch
  • Pond
  • 2 Fireplaces
  • First Floor Utility Room

About This Home

As of October 2022

Hilltop location with a lovely historic home! Placed on a full half acre lot, this dynamic home has angles and charm in abundance! Notice the natural wood trim that is intact and unpainted. There are spaces that are uncommon to find in newer homes. The upper level, from the stairs, opens up to an enjoyable family room space, as a central node to the three bedrooms. The eat-in kitchen has soapstone countertops, coordinating appliances. The mid-section of the downstairs offers formal dining and an adjoining sitting room, with two doorways into the main Living Room and original front foyer. There are back to back fireplaces with gorgeous cast iron details between these spaces. Built in 1903, this home has substantially sized rooms, and even one walk-in closet! There is a 2+ car garage that is detached and wood framed. It has steps to a loft, electric, and concrete flooring. Outside, there are multiple spaces for leisure pleasure or gardening endeavors. On this large lot the opportunities are abundant!! It’s a unique must see.

Last Agent to Sell the Property

Jessica Butler

License #RB18001702 Listed on: 08/05/2022

Last Buyer's Agent

Jessica Butler

License #RB18001702 Listed on: 08/05/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,458

Year Built

  • Built in 1903

Lot Details

  • 21,780 Sq Ft Lot
  • Lot Dimensions are 200x107
  • Wooded Lot
  • Garden

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Wood Trim

Interior Spaces

  • 2,102 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Decorative Fireplace
  • Family Room
  • Formal Dining Room
  • First Floor Utility Room
  • Basement
  • Basement Cellar

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Ceramic Tile in Bathrooms

Outdoor Features

  • Pond
  • Deck
  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 390827444001000007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,458

Year Built

Built in 1903

Lot Details

0.5 Acres

Parking

2

Listing Details

  • Additional Parking: Off Street
  • Annual Tax: 1458
  • Appointment: Mandatory
  • Construction: Existing
  • Foundation: Rock
  • Legal Description: 011-00366-00 IN S W 27-4-10 .50A 11-6-57.2 1505 Michigan Rd
  • Lot Dimensions: 200x107
  • Numof Fireplaces: 2
  • Out Buildings: Garage
  • Parcel Number: 390827444001000007
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total Finished Square Footage: 2102
  • Type: 2 Story
  • Year Built: 1903
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Cellar
  • Above Grade Finished Sq Ft: 2102.00
  • Appliances: Dishwasher, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Fireplace: Decorative
  • Interior Amenities: 1st Floor Utility, Ceiling Fan(s), Ceramic Bath, Eat-In Kitchen, Family Room, Formal Dining Rm, Natural Wood Trim
  • Lot Sq Ft: 21780.00
  • Sewer Type: Sewer
  • Total Sq Ft: 2102

Exterior Features

  • Exterior Features: Covered Porch, Deck
  • Road Frontage: 107

Garage/Parking

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

Utilities

  • Cooling Type: Window A/C Unit(s)
  • Fuel Type: Nat Gas
  • Heat Type: Baseboard, Hot Water
  • Water: Pond
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.5000
  • Lot Description: Garden Area, Wooded Lot
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2016
Closed on
Jul 12, 2016
Sold by
Nickas George D
Bought by
Freeman Elaina
Seller's Agent
Marjorie Macon
Coldwell Banker Harrell & Asso
Buyer's Agent
JR Harrell
Coldwell Banker Harrell & Asso
List Price
$164,500
Sold Price
$160,500
Premium/Discount to List
-$4,000
-2.43%
Current Estimated Value
$298,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,523
Avg. Annual Appreciation
6.55%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Freeman Elaina $160,500 Jclt, Llc D/B/A Jefferson Coun
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2022 10/03/22 Sold $289,000 0.0% $137 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $289,000 +80.1% $137 / Sq Ft
07/12/2016 07/12/16 Sold $160,500 -2.4% $76 / Sq Ft View Prior Sale
05/31/2016 05/31/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $164,500 -- $78 / Sq Ft
Source: Southern Indiana REALTORS® Association

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 $1,984 $204,700 $20,000 $184,700
2024 $1,984 $198,400 $20,000 $178,400
2023 $1,950 $185,800 $20,000 $165,800
2022 $1,735 $171,200 $20,000 $151,200
2021 $1,589 $151,700 $20,000 $131,700
2020 $1,457 $147,500 $20,000 $127,500
2019 $1,457 $147,500 $20,000 $127,500
2018 $1,542 $147,700 $20,000 $127,700
2017 $1,418 $135,800 $20,000 $115,800
2016 $1,414 $135,800 $20,000 $115,800
2014 $1,293 $124,200 $20,000 $104,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2022011073

Southern Indiana REALTORS® Association

APN: 39-08-27-444-001-000-007

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