$132,000
SOLD OCT 31, 2014

196 E Madison St Franklin, IN 46131

3 Beds
2 Baths
1,828 Sq Ft
871 Sq Ft Lot

Recently Sold

$72 Per Sq Ft

10% Below List Price

242 Days on Market

Highlights

  • Vaulted Ceiling
  • Outdoor Water Feature
  • Woodwork
  • L-Shaped Dining Room
  • Built-in Bookshelves
  • Walk-In Closet

About This Home

As of June 2025

Live in one of the most historic properties in Franklin - the original Carnegie Library! Restored and renovated in mid-1990, five condominiums now occupy this historic landmark. Most of the original period architecture was retained; woodwork, walnut arched ceiling beams, lighted display cabinetry. Private brick courtyard in the heart of downtown district. Three bedrooms, 2 full baths, main floor laundry closet, and plenty of storage.

Last Agent to Sell the Property

Jobea Trefny

Carpenter, REALTORS® License #RB14041101 Listed on: 02/11/2014

Carpenter, REALTORS®

Last Buyer's Agent

Jobea Trefny

Carpenter, REALTORS® License #RB14041101 Listed on: 02/11/2014

Carpenter, REALTORS®

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,026

Year Built

  • Built in 1915

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,828 Sq Ft Home
  • 2-Story Property
  • Built-in Bookshelves
  • Woodwork
  • Vaulted Ceiling
  • L-Shaped Dining Room
  • Finished Basement
  • Basement Lookout
  • Attic Access Panel
  • Radon Detector

Kitchen

  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Additional Features

  • Outdoor Water Feature
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 410814043006002009

Community Details

Overview

  • Association fees include sewer, ground maintenance, snow removal, trash
  • Carnegie Commons Subdivision

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,026

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Historic
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1915
  • Garage Y N: No
  • Lot Size Acres: 0.02
  • Subdivision Name: CARNEGIE COMMONS
  • Inspection Warranties: General,InspcRadon,Warranty Homebuyers
  • Property Description: Live in one of the most historic properties in Franklin - the original Carnegie Library! Restored and renovated in mid-1990, five condominiums now occupy this historic landmark. Most of the original period architecture was retained; woodwork, walnut arched ceiling beams, lighted display cabinetry. Private brick courtyard in the heart of downtown district. Three bedrooms, 2 full baths, main floor laundry closet, and plenty of storage.
  • Transaction Type: Sale
  • Floor Number: 1
  • Unit Entry Level: 1
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Daylight/Lookout Windows, Finished Ceiling
  • Appliances: Dishwasher, MicroHood, Refrigerator
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access, Built In Book Shelves, Raised Ceiling(s), Walk-in Closet(s), Wood Work Stained
  • Living Area: 1828
  • Other Equipment: Radon System, Smoke Detector, Water-Softener Rented
  • Room Count: 6
  • Areas Interior: Foyer Small,Laundry Closet,Laundry Room Main Level,Utility Room
  • Eating Area: Dining-L
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 956
  • Main Level Sq Ft: 956
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1828
  • Below Grade Sq Ft: 872
  • Upper Level Sq Ft: 0
  • Pct Optional Level Finished: 75+%
  • Bathroom Areas: 2.0000
  • Optional Level Below Grade: Daylight Window Basement

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Water Feature Fountain
  • Foundation Details: Block
  • List Price: 139900
  • Association Maintained Building Exterior: 1

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: None

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Cable Connected,High Speed Internet Avail
  • Water Heater: Electric

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: Sewer, Maintenance Grounds, Snow Removal, Trash
  • Mandatory Fee: 133

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 410814043006002009
  • Acres: <1/4 Acre
  • Lot Number: .

Tax Info

  • Tax Annual Amount: 1026
  • Semi Annual Property Tax Amt: 513
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption,OtherTaxExemption/See Remarks

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%
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
-50.22%
Original Mortgage
$380,000
Outstanding Balance
$380,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
-$6,950

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
9.75%

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:

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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 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

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21274541

MIBOR Broker Listing Cooperative®

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