$120,000
SOLD MAY 13, 2013

196 E Madison St Franklin, IN 46131

3 Beds
2 Baths
1,828 Sq Ft
$121/mo HOA Fee

Recently Sold

$66 Per Sq Ft

4% Below List Price

250 Days on Market

About This Home

As of June 2025

Beautiful 2 level condo, very unique and a must see! Building was origianaly built in 1915 as the Franklin Carnegie Library. In 1992 the building was renovated and turned into condos retaining much of the original charm. This unit has been designed for todays life style with ceramic tile flooring, kitchen with oak cabinets, lovely woodwork, and an outdoor courtyard area. A true pleasure to show.

Last Agent to Sell the Property

Mark Nally

Carpenter, REALTORS® License #RB14019699 Listed on: 08/08/2012

Carpenter, REALTORS®

Co-Listed By

S. Brooke Huffman

Keller Williams Indy Metro S

Last Buyer's Agent

Michael Stockhaus

Carpenter, REALTORS®

Carpenter, REALTORS®

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,102

Year Built

  • 1915

HOA Fees

  • $121 per month

Additional Features

  • L-Shaped Dining Room
  • Patio

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,102

Year Built

1915

Lot Details

0

HOA Fees

$121 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Floor Number: 0
  • Unit Entry Level: 1
  • Architectural Style: Historic
  • Directions: US 31 South to Franklin, left on Madison Street. Continue to 196 E Madison.
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Subdivision Name: CARNEGIE COMMONS
  • Special Features: None
  • Year Built: 1915

Interior Features

  • Appliances: Dishwasher, Disposal, MicroHood
  • Has Basement: Finished
  • Areas Interior: Laundry Closet,Laundry Room Main Level
  • Eating Area: Dining-L
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1828
  • Main Level Sq Ft: 872
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 956
  • Pct Optional Level Finished: 75+%
  • Bathroom Areas: 2.0000
  • Optional Level Below Grade: Basement
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access, Built In Book Shelves, Raised Ceiling(s), Wood Work Stained
  • Other Equipment: Smoke Detector

Exterior Features

  • Foundation Details: Block
  • Association Maintained Building Exterior: 1
  • Porch: Open Patio
  • Construction Type: Brick
  • Disclosures: Not Applicable

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: None
  • Num Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Solid Waste: 1
  • Water Heater: Electric
  • Sewer: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Condo Description Location: Ground Level
  • Association Fee: 121
  • Association Fee Frequency: Monthly

Lot Info

  • Acres: CndHPRCoop
  • Lot Number: B

Tax Info

  • Semi Annual Property Tax Amt: 551
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption,OtherTaxExemption/See Remarks
  • Tax Annual Amount: 1102
  • Tax Year: 2012

MLS Schools

  • School District: Franklin Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2025
Closed on
Jun 12, 2025
Sold by
Owens Laura M
Bought by
Guilfoy John J and Guilfoy Veronica
Seller's Agent
Jobea Trefny
Carpenter, REALTORS®
Buyer's Agent
Rusty Harsin
Hoosier, REALTORS®
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Total Days on Market
250
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-81.23%
Original Mortgage
$380,000
Outstanding Balance
$380,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
-$63,524

Purchase Details

Listed on
Feb 11, 2014
Closed on
Oct 31, 2014
Sold by
Menefee Benjamin and Menefee Jenna
Bought by
Mccauley Laura M
Seller's Agent
Jobea Trefny
Carpenter, REALTORS®
Buyer's Agent
Jobea Trefny
Carpenter, REALTORS®
List Price
$146,000
Sold Price
$132,000
Premium/Discount to List
-$14,000
-9.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$82,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 22, 2013
Sold by
Menefee Greg and Menefee Julle
Bought by
Menefee Benjamin and Menefee Jenna

Purchase Details

Listed on
Aug 8, 2012
Closed on
May 13, 2013
Sold by
Stanley Robin
Bought by
Menefee Greg and Menefee Julie
Seller's Agent
Mark Nally
Carpenter, REALTORS®
Buyer's Agent
Michael Stockhaus
Carpenter, REALTORS®
List Price
$125,500
Sold Price
$120,000
Premium/Discount to List
-$5,500
-4.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.25%

Purchase Details

Closed on
Aug 23, 2005
Sold by
Christian Wade M
Bought by
Stanley Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,600
Interest Rate
5.89%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Security Title
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- First American Title Insuran
Warranty Deed -- Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $380,000 New Conventional
Previous Owner $82,000 Adjustable Rate Mortgage/ARM
Previous Owner $26,600 Credit Line Revolving
Previous Owner $106,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Sold $400,000 0.0% $219 / Sq Ft
05/06/2025 05/06/25 Pending -- -- --
05/05/2025 05/05/25 For Sale $399,900 +203.0% $219 / Sq Ft
10/31/2014 10/31/14 Sold $132,000 -5.6% $72 / Sq Ft
10/12/2014 10/12/14 Pending -- -- --
06/04/2014 06/04/14 Price Changed $139,900 -2.5% $77 / Sq Ft
03/31/2014 03/31/14 Price Changed $143,500 -1.7% $79 / Sq Ft
02/11/2014 02/11/14 For Sale $146,000 +21.7% $80 / Sq Ft
05/13/2013 05/13/13 Sold $120,000 -4.4% $66 / Sq Ft
04/16/2013 04/16/13 Pending -- -- --
08/08/2012 08/08/12 For Sale $125,500 -- $69 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $2,281 $207,000 $5,000 $202,000
2023 $2,162 $196,200 $5,000 $191,200
2022 $1,982 $178,300 $5,000 $173,300
2021 $1,829 $165,000 $5,000 $160,000
2020 $1,875 $169,000 $5,000 $164,000
2019 $1,766 $159,500 $5,000 $154,500
2018 $1,368 $136,600 $5,000 $131,600
2017 $1,369 $136,900 $5,000 $131,900
2016 $1,105 $122,400 $5,000 $117,400
2014 $1,043 $114,300 $4,200 $110,100
2013 $1,043 $104,300 $4,200 $100,100
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21190978

MIBOR Broker Listing Cooperative®

APN: 41-08-14-043-006.002-009