$235,000
$20K PRICE DROP

Estimated payment $1,401/month

Total Views 3,667
4 Beds
2.5 Baths
1,376 Sq Ft
$171 Price per Sq Ft

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.

Listing Agent

Mark Wesler

eXp Realty, LLC License #RB19000739 Listed on: 07/28/2025

eXp Realty, LLC

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,786

Year Built

Built in 1886 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1886
  • Building Area Total: 2352
  • Garage Y N: No
  • Lot Size Acres: 0.18
  • Subdivision Name: Hoefgens
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Website: markwesler.exprealty.com
  • Accessibility Features YN: No
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Amenities: Paddle Fan, Eat-in Kitchen, Wood Work Painted
  • Living Area: 1376
  • Main Level Bedrooms: 3
  • Spa Y N: No
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 976
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Upper Level Sq Ft: 400
  • Rooms Basement: 1

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: Storage Shed
  • Fencing: Partial
  • Foundation Details: Brick/Mortar
  • List Price: 235000
  • Patio And Porch Features: Covered
  • Pool Private Y N: No
  • Property Condition: Updated/Remodeled
  • View Y N: No
  • Waterfront: No

Utilities

  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Water Source: Public
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Access, Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 7797
  • Parcel Number: 491124131007000101
  • Acres: <1/4 Acre
  • Price Acre: 1305556

Tax Info

  • Tax Annual Amount: 1786
  • Tax Lot: NE - L18
  • Semi Annual Property Tax Amt: 893
  • Tax Exemption: None

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $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
Source: Public Records

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
Source: MIBOR Broker Listing Cooperative®

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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $39,000 Credit Line Revolving
Previous Owner $35,000 Seller Take Back
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22052712

MIBOR Broker Listing Cooperative®

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