Seller's Agent in 2025
Jamie Suchotzky
Red Hot, REALTORS LLC
(317) 527-4663
36 in this area
294 Total Sales
198 E Madison St Franklin, IN 46131
2
Beds
2.5
Baths
2,048
Sq Ft
$153/mo
HOA Fee
Highlights
- Vaulted Ceiling
- Corner Lot
- Eat-In Kitchen
- Wood Flooring
- Wood Frame Window
- Woodwork
About This Home
As of April 2025Step into a piece of Franklin's history in this remarkable condo conversion of the historic Franklin Library. The moment you enter, you'll be captivated by the stunning 18-foot mahogany barrel-vaulted ceilings and beautiful solid oak woodwork that adds character throughout the space. This two-bedroom, two-and-a-half-bath residence perfectly blends historic charm with modern conveniences. The welcoming living room features gleaming hardwood floors and doors leading to your private patio - perfect for morning coffee or evening entertainment. The kitchen is a chef's delight with oak cabinets, sleek stainless steel appliances, and a comfortable breakfast area. The primary bedroom offers abundant natural light and includes a spacious walk-in closet and stand-up shower. Your guests will feel equally pampered in the second bedroom, which also features plenty of sunshine and a walk-in closet, with an updated hallway bathroom nearby. Convenience is key with a main-level laundry room offering plenty of shelving for storage. The location couldn't be better - you're just steps from downtown Franklin's charming shops and restaurants. Nearby parks provide a perfect spot for outdoor recreation, while Franklin Community High School is just a short drive away. Living here means being part of Franklin's story while enjoying all the modern amenities you'd expect in a contemporary home. Whether you're a history buff, downtown enthusiast, or someone who appreciates unique architectural details, this distinctive condo offers a lifestyle that's hard to match.
Last Agent to Sell the Property
Red Hot, REALTORS LLC Brokerage Email: Jamie@RedHotRealtors.com License #RB14045974 Listed on: 02/25/2025
Last Buyer's Agent
Sheila Short
Indiana Realty Pros, Inc.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,288
Year Built
- Built in 1915
HOA Fees
- $153 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Woodwork
- Vaulted Ceiling
- Wood Frame Window
- Combination Kitchen and Dining Room
- Utility Room
- Laundry on main level
- Pull Down Stairs to Attic
- Radon Detector
Kitchen
- Eat-In Kitchen
- Electric Oven
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
Finished Basement
- Basement Fills Entire Space Under The House
- 9 Foot Basement Ceiling Height
Utilities
- Forced Air Heating System
- Electric Water Heater
- Water Softener is Owned
- High Speed Internet
Additional Features
- Patio
- 1 Common Wall
Listing and Financial Details
- Assessor Parcel Number 410814043006001009
- Seller Concessions Not Offered
Community Details
Overview
- Association fees include home owners
- Carnegie Commons Subdivision
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 25, 2025
Closed on
Apr 11, 2025
Sold by
Parkhurst Amanda
Bought by
Smith Lora L and Smith Bruce A
Seller's Agent
Jamie Suchotzky
Red Hot, REALTORS LLC
Buyer's Agent
Sheila Short
Indiana Realty Pros, Inc.
List Price
$325,000
Sold Price
$325,000
Views
55
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$803
Avg. Annual Appreciation
0.47%
Original Mortgage
$260,000
Outstanding Balance
$258,663
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$67,435
Purchase Details
Listed on
Jul 17, 2017
Closed on
Aug 22, 2017
Sold by
Shepherd Wade D
Bought by
Parkhurst Amanda
Seller's Agent
Jobea Trefny
Carpenter, REALTORS®
Buyer's Agent
Jamie Suchotzky
Red Hot, REALTORS LLC
List Price
$164,900
Sold Price
$164,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Original Mortgage
$154,900
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 9, 2013
Closed on
Dec 9, 2013
Sold by
Eck Todd L
Bought by
Shepherd Wade D
Seller's Agent
Katina Whalen
Sugar Creek Real Estate, LLC
Buyer's Agent
Jobea Trefny
Carpenter, REALTORS®
List Price
$155,000
Sold Price
$147,500
Premium/Discount to List
-$7,500
-4.84%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.05%
Purchase Details
Closed on
Oct 24, 2006
Sold by
Flowers Christopher L and Flowers Kristy J
Bought by
Eck Todd L and Eck Sally E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Interest Rate
6.38%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | Indylegal Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Deed | $147,500 | -- | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $260,000 | New Conventional | |
| Previous Owner | $154,900 | New Conventional | |
| Previous Owner | $110,400 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/11/2025 04/11/25 | Sold | $325,000 | 0.0% | $159 / Sq Ft | |
| 03/09/2025 03/09/25 | Pending | -- | -- | -- | |
| 02/25/2025 02/25/25 | For Sale | $325,000 | +97.1% | $159 / Sq Ft | |
| 08/23/2017 08/23/17 | Sold | $164,900 | 0.0% | $81 / Sq Ft | View Prior Sale |
| 07/17/2017 07/17/17 | For Sale | $164,900 | +11.8% | $81 / Sq Ft | |
| 12/09/2013 12/09/13 | Sold | $147,500 | -4.8% | $72 / Sq Ft | View Prior Sale |
| 11/02/2013 11/02/13 | Pending | -- | -- | -- | |
| 10/09/2013 10/09/13 | For Sale | $155,000 | -- | $76 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $2,414 | $295,500 | $5,000 | $290,500 |
| 2024 | $2,414 | $218,700 | $5,000 | $213,700 |
| 2023 | $2,288 | $207,300 | $5,000 | $202,300 |
| 2022 | $2,091 | $188,400 | $5,000 | $183,400 |
| 2021 | $2,004 | $180,800 | $5,000 | $175,800 |
| 2020 | $2,004 | $180,800 | $5,000 | $175,800 |
| 2019 | $1,865 | $168,700 | $5,000 | $163,700 |
| 2018 | $1,436 | $144,400 | $5,000 | $139,400 |
| 2017 | $1,427 | $142,700 | $5,000 | $137,700 |
| 2016 | $1,303 | $129,200 | $5,000 | $124,200 |
| 2014 | $1,347 | $134,700 | $4,200 | $130,500 |
| 2013 | $1,347 | $111,600 | $4,200 | $107,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jamie Suchotzky
-
S
Buyer's Agent in 2025
Sheila Short
Indiana Realty Pros, Inc.
-
J
Seller's Agent in 2017
Jobea Trefny
Carpenter, REALTORS®
-
Katina Whalen
Seller's Agent in 2013
Katina Whalen
Sugar Creek Real Estate, LLC
(317) 491-5334
102 Total Sales
-
Sheila Moeller
Seller Co-Listing Agent in 2013
Sheila Moeller
Sugar Creek Real Estate, LLC
(317) 450-1733
103 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22023864
APN: 41-08-14-043-006.001-009
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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