2540 Madison Ave Indianapolis, IN 46225
Garfield Park NeighborhoodEstimated payment $1,401/month
Highlights
- Mature Trees
- Eat-In Kitchen
- Shed
- No HOA
- Woodwork
- Vinyl Plank Flooring
About This Home
Welcome to 2540 Madison AVE, Indianapolis, IN. This single-family residence in Marion County presents an opportunity to own a piece of Indianapolis history. The residence offers a generous 1376 square feet of living area, providing ample space to create a comfortable environment. With four bedrooms, this residence provides flexibility to accommodate a variety of lifestyle needs. Two full bathrooms offer convenience and functionality. House totally remodeled in 2025. The property has a substantial 7797 square feet lot area, offering outdoor space for recreation and relaxation. Constructed in 1886, this two-story residence carries the charm of a bygone era. This historic single-family residence awaits your personal touch to transform it into a unique Indianapolis haven.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,786
Year Built
- Built in 1886 | Remodeled
Lot Details
- 7,797 Sq Ft Lot
- Mature Trees
Home Design
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Woodwork
- Paddle Fans
- Combination Kitchen and Dining Room
- Unfinished Basement
Kitchen
- Eat-In Kitchen
- Electric Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Vinyl Plank
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- Shed
- Storage Shed
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
- Hoefgens Subdivision
Listing and Financial Details
- Tax Lot NE - L18
- Assessor Parcel Number 491124131007000101
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,416 | $75,300 | $17,500 | $57,800 |
2023 | $3,416 | $74,200 | $17,500 | $56,700 |
2022 | $4,226 | $72,800 | $17,500 | $55,300 |
2021 | $3,495 | $63,400 | $17,500 | $45,900 |
2020 | $1,452 | $58,400 | $17,500 | $40,900 |
2019 | $1,132 | $43,800 | $7,300 | $36,500 |
2018 | $1,186 | $45,800 | $7,300 | $38,500 |
2017 | $991 | $42,300 | $7,300 | $35,000 |
2016 | $919 | $39,900 | $7,300 | $32,600 |
2014 | $733 | $33,900 | $7,300 | $26,600 |
2013 | $732 | $35,200 | $7,300 | $27,900 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/12/2025 09/12/25 | Price Changed | $235,000 | -2.9% | $171 / Sq Ft |
08/27/2025 08/27/25 | Price Changed | $242,000 | -2.0% | $176 / Sq Ft |
08/20/2025 08/20/25 | Price Changed | $247,000 | -1.2% | $180 / Sq Ft |
08/15/2025 08/15/25 | Price Changed | $249,900 | -2.0% | $182 / Sq Ft |
07/28/2025 07/28/25 | For Sale | $255,000 | -- | $185 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | -- | None Listed On Document | |
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $26,483 | None Listed On Document | |
Quit Claim Deed | -- | None Available | |
Land Contract | $45,000 | None Available |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $39,000 | Credit Line Revolving | |
Previous Owner | $35,000 | Seller Take Back |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22052712

APN: 49-11-24-131-007.000-101
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