308 S Madison St Bloomington, IN 47403
Prospect Hill NeighborhoodEstimated payment $3,625/month
Total Views
6,361
5
Beds
3
Baths
2,351
Sq Ft
$212
Price per Sq Ft
Highlights
- Wood Flooring
- Forced Air Heating and Cooling System
- 3-minute walk to B-Line Trail
- Tri-North Middle School Rated A
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. Homestead tax exemption not currently filed; taxes would be lower with homestead exemption. Listing agent is owner.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,332
Year Built
- Built in 1930
Lot Details
- 8,712 Sq Ft Lot
- Irregular Lot
Parking
- 4 Parking Spaces
Home Design
- Stone Exterior Construction
Interior Spaces
- 1.5-Story Property
- Wood Flooring
- Unfinished Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Schools
- Fairview Elementary School
- Tri-North Middle School
- Bloomington North High School
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- The owner pays for building insurance, tax
- Assessor Parcel Number 53-08-05-101-016.000-009
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $1,000
- Maintenance Expense $11,153
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: Indiana Regional MLS
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: Indiana Regional MLS
MLS Number: 202524536
APN: 53-08-05-101-016.000-009
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