308 S Madison St Bloomington, IN 47403
Prospect Hill NeighborhoodEstimated payment $3,575/month
Total Views
9,620
5
Beds
3
Baths
634
Sq Ft
$787
Price per Sq Ft
Highlights
- Wood Flooring
- L-Shaped Dining Room
- 1 Car Detached Garage
- Tri-North Middle School Rated A
- No HOA
- 3-minute walk to B-Line Trail
About This Home
Great investment for an owner-occupant with added income unit (or in-law unit), or fully rent both units (308 & 308.5 S Madison). Located in the heart of downtown Bloomington! Easy access to Indiana University, Kirkwood Ave, Bloomingfoods, Farmers' Market, B-Line trail, etc . Occupancy permit in-place for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a lovely kitchen which has been remodeled, plus it features renovated bathrooms. The second unit (308.5 S Madison) has a new bathroom, refreshed kitchen and new heating and cooling systems. There is a laundry area for the apartment in the garage. Both units rent easily; inquire for rental information. Listing agent is owner.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,332
Year Built
- Built in 1930
Parking
- 1 Car Detached Garage
- Alley Access
Home Design
- Block Foundation
- Aluminum Siding
- Stone
Interior Spaces
- 1.5-Story Property
- L-Shaped Dining Room
- Wood Flooring
- Basement
Kitchen
- Gas Oven
- Gas Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Dryer
- Washer
Additional Features
- 8,712 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Subdivision Not Available See Legal
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 530805101016000009
Map
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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 | $10,332 | $504,700 | $93,800 | $410,900 |
| 2023 | $4,855 | $458,900 | $86,000 | $372,900 |
| 2022 | $8,307 | $410,300 | $74,800 | $335,500 |
| 2021 | $7,074 | $341,300 | $68,200 | $273,100 |
| 2020 | $5,399 | $261,200 | $61,600 | $199,600 |
| 2019 | $5,232 | $248,800 | $37,400 | $211,400 |
| 2018 | $5,011 | $237,800 | $38,200 | $199,600 |
| 2017 | $4,896 | $231,800 | $38,200 | $193,600 |
| 2016 | $4,811 | $231,800 | $38,200 | $193,600 |
| 2014 | $1,948 | $200,800 | $38,200 | $162,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Price Changed | $499,000 | -3.9% | $787 / Sq Ft |
| 06/09/2025 06/09/25 | For Sale | $519,000 | +88.7% | $819 / Sq Ft |
| 01/15/2019 01/15/19 | Sold | $275,000 | 0.0% | $171 / Sq Ft |
| 01/15/2019 01/15/19 | Pending | -- | -- | -- |
| 01/15/2019 01/15/19 | For Sale | $275,000 | +17.0% | $171 / Sq Ft |
| 07/08/2014 07/08/14 | Sold | $235,000 | -6.0% | $146 / Sq Ft |
| 05/19/2014 05/19/14 | Pending | -- | -- | -- |
| 03/31/2014 03/31/14 | For Sale | $249,900 | -- | $155 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | Unknown | |
| Previous Owner | $2,188,324 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $500,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $15,000 | Credit Line Revolving | |
| Previous Owner | $145,000 | Unknown | |
| Previous Owner | $31,000 | Unknown |
Source: Public Records
Similar Homes in Bloomington, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22043812
APN: 53-08-05-101-016.000-009
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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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