NOT LISTED FOR SALE

Estimated Value: $391,000 - $439,000

5 Beds
3.5 Baths
3,930 Sq Ft
$107/Sq Ft Est. Value

Sale Details

Date Sold: October 16, 2025

Last sale price $425,000 $108 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,789 / mo

2 Days on Market

Highlights

  • River View
  • Corner Lot
  • Eat-In Kitchen
  • Bonus Room
  • Covered Patio or Porch
  • Laundry Room

About This Home

As of October 2025

This unbelievable home in historic downtown Madison has never been on the market in over 70 Years! It is a remarkable building on the corner of Elm and First St in the prime location next door to the Historic Lanier Home! Listed in the historical books as a Greek Revival/Italianate built in 1870 it appears it's original address was 418 W First St. It was a single family residence for nearly 120 years. Much of the original doors, woodwork, staircases are still in place. Currently this home is a tri-plex with the front unit being approximately 1800 sq ft ,and the other 2 units in the rear approximately 1000 sq ft. The front unit is a 2-3 bedroom, 1.5 bath, 2 story unit and the others are 1 bedroom, 1 bath. All 3 units have their own laundry rooms, HVAC, Water heaters and electric meters. There is a small yard in the rear with a small garage/storage area. The exterior of the home has been renovated in the last couple years. Perfect for an investor or home owner wanting some passive income. Come visit downtown Madison to one of the great festivals, enjoy the river views and Best Main Street in the USA and schedule a showing today!

Last Agent to Sell the Property

Robin Mingione

eXp Realty, LLC License #RB21001446 Listed on: 09/24/2025

eXp Realty, LLC

Last Buyer's Agent

Lisa Hammock

F.C. Tucker/Scott Lynch Group License #RB14047973

F.C. Tucker/Scott Lynch Group

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,316

Year Built

  • Built in 1870

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot
  • Garden
  • Historic Home
  • Property is zoned Historic District, Multi Family

Parking

  • On-Street Parking

Property Views

  • River
  • Scenic Vista
  • Park or Greenbelt

Home Design

  • Stone Foundation

Interior Spaces

  • 3,930 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Screens
  • Entrance Foyer
  • Bonus Room
  • Basement
  • Basement Cellar
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available
  • The river is a source of water for the property
  • Liquid Propane Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 391302223015000007

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,316

Year Built

Built in 1870

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Additional Parking: On Street
  • Annual Tax: 5316
  • Appointment: Mandatory
  • Construction: Existing
  • Foundation: Rock
  • Legal Description: 011-03426-00 LOT 208 & 9 FT OFF ENTIRE W SIDE LOT 209 2ND ADD W EXT 39 FT 8" OFF N SIDE 11-120-41 208 Elm St
  • Parcel Number: 391302223015000007
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total Finished Square Footage: 3930
  • Type: 2 Story, Historical
  • Year Built: 1870
  • Special Features: None

Interior Features

  • Water Heater: Lp Gas
  • Basement Type: Cellar
  • Above Grade Finished Sq Ft: 3930.00
  • Appliances: Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Interior Amenities: Bath 1/2 Main, Bonus Room, Ceiling Fan(s), Eat-In Kitchen, Foyer
  • Lot Sq Ft: 8712.00
  • Sewer Type: Sewer
  • Total Sq Ft: 3930

Exterior Features

  • Exterior Features: Covered Porch, Patio, Public Sidewalk, Screens

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Electric, Gas, Lp Gas
  • Heat Type: Forced Air
  • Water: River
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.2000
  • Lot Description: Corner Lot, Adj Pub/Priv Open Ar, Garden Area, Park-Like View, River View, Scenic View
  • Zoning: Residential, Historic District, Multi Family

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Madison, IN

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/16/2025 10/16/25 Sold $425,000 0.0% $108 / Sq Ft
09/26/2025 09/26/25 Pending -- -- --
09/24/2025 09/24/25 For Sale $425,000 -- $108 / Sq Ft
Source: Southern Indiana REALTORS® Association

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,722 $286,100 $9,500 $276,600
2024 $5,316 $265,800 $9,500 $256,300
2023 $4,990 $249,500 $9,500 $240,000
2022 $4,618 $230,900 $9,500 $221,400
2021 $4,398 $219,900 $9,500 $210,400
2020 $4,266 $213,300 $9,500 $203,800
2019 $4,620 $231,000 $9,500 $221,500
2018 $3,948 $197,400 $9,500 $187,900
2017 $3,908 $195,400 $9,500 $185,900
2016 $3,908 $195,400 $9,500 $185,900
2014 $3,640 $182,000 $11,200 $170,800
Source: Public Records

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2025011372

Southern Indiana REALTORS® Association

APN: 39-13-02-223-015-000-007

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