308 S Madison St Bloomington, IN 47403
Prospect Hill Neighborhood
4
Beds
2
Baths
1,610
Sq Ft
8,712
Sq Ft Lot
Highlights
- Primary Bedroom Suite
- Wood Flooring
- Bungalow
- Tri-North Middle School Rated A
- Covered patio or porch
- 3-minute walk to B-Line Trail
About This Home
As of January 2019The location of this awesome Prospect Hill home is unbeatable! It sits just on the western edge of Downtown Bloomington and is only steps away from the B-Line Trail. Since purchasing it in 2002, the owners have lovingly updated and remodeled it including new windows, refinished hardwood floors, brand new kitchen with IKEA cabinetry, a Marmolium floor, and all appliances included, remodeled main level bath, drywalled ceilings, interior paint, upgraded wiring and electric panel, new furnace, new roof, and a new dehumidifier with sump pump. It is truly move-in ready! Plus, it includes a detached garage that has a one bedroom apartment upstairs. Historically it has rented for $450 but could probably generate higher rent. The apartment has a current city occupancy permit for 2 and the house has a current permit for 4. This presents a great opportunity to live in the main house and have the rental income from the apartment.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,872
Year Built
- Built in 1930
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 66x132
- Zoning described as Residential Core
Home Design
- Bungalow
- Asphalt Roof
- Stone Exterior Construction
Interior Spaces
- 1.5-Story Property
- Ceiling height of 9 feet or more
- Ceiling Fan
- Wood Flooring
- Partially Finished Basement
- Stone or Rock in Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Suite
Laundry
- Laundry on main level
- Washer and Electric Dryer Hookup
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Cable TV Available
Additional Features
- Energy-Efficient Windows
- Covered patio or porch
- Suburban Location
Listing and Financial Details
- Assessor Parcel Number 53-08-05-101-016.000-009
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2019
Closed on
Jan 1, 2019
Sold by
Miller Michael Properties Llc
Bought by
Owens Investments Llc
Buyer's Agent
Erin Freund
Owens Realty Group
List Price
$275,000
Sold Price
$275,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.04%
Original Mortgage
$600,000
Outstanding Balance
$393,626
Interest Rate
4.7%
Mortgage Type
Unknown
Estimated Equity
$117,089
Purchase Details
Listed on
Mar 31, 2014
Closed on
Jul 8, 2014
Sold by
Wood Dylan R and Wood Leila
Bought by
Miller Michael Properties Llc
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.53%
Original Mortgage
$500,000
Interest Rate
4.2%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Aug 9, 2010
Sold by
Wood Dylan R
Bought by
Wood Dylan R and Voyles Leila
Similar Homes in Bloomington, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Scott Owens
Seller's Agent in 2025
Scott Owens
Owens Realty Group
(812) 272-8535
1 in this area
35 Total Sales
-
E
Buyer's Agent in 2019
Erin Freund
Owens Realty Group
Map
Source: Indiana Regional MLS
MLS Number: 201409624
APN: 53-08-05-101-016.000-009
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