NOT LISTED FOR SALE

318 E 1st St Madison, IN 47250

Estimated Value: $232,000 - $262,000

2 Beds
1 Bath
1,247 Sq Ft
$199/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $240,000 $192 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,429/month

78 Days on Market

Highlights

  • River View
  • First Floor Utility Room
  • 1-Story Property
  • Covered Patio or Porch
  • 2 Car Detached Garage
  • 1-minute walk to Fireman's Park

About This Home

As of June 2024

2 bedroom cottage home overlooking the Ohio River in prime historic Madison location. This all brick home is ready for the lucky new owner to put their own finishing touches on this rare offering. A 2 car detached garage creates a private court yard area between the home and garage. The back yard includes a 18.9x17 hobby shop that could be converted into an outdoor entertaining area, capitalizing on the river view.

Last Agent to Sell the Property

Scott Lynch

F.C. Tucker/Scott Lynch Group License #RB14019761 Listed on: 02/27/2024

F.C. Tucker/Scott Lynch Group

Last Buyer's Agent

OUTSIDE AGENT

OUTSIDE COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,426

Year Built

  • Built in 1900

Lot Details

  • 3,920

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,247 Sq Ft Home
  • 1-Story Property
  • First Floor Utility Room
  • River Views
  • Unfinished Basement
  • Basement Cellar

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • 3,920 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 391302133010000007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,426

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Improvements: 122400
  • Additional Parking: Off Street
  • Annual Tax: 1426
  • Appointment: Mandatory
  • Construction: Existing
  • Land Assessment: 4900
  • Legal Description: 011-04052-00 42 BY 93 FT S SIDE 1ST RIVER BLK 2 11-130-11
  • Out Buildings: Garage
  • Parcel Number: 391302133010000007
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 127300
  • Total Deduction Amnt: 74480
  • Total Finished Square Footage: 1247
  • Type: 1 Story
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Cellar, Unfinished
  • Above Grade Finished Sq Ft: 1247.00
  • Appliances: Disposal, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Interior Amenities: 1st Floor Utility
  • Lot Sq Ft: 3920.40
  • Room Count: 5
  • Sewer Type: Sewer
  • Total Sq Ft: 1247
  • Total Rooms: 5

Exterior Features

  • Exterior Features: Covered Porch, Paved Driveway, Public Sidewalk, Vinyl Siding

Garage/Parking

  • Garage Type: Detached
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Electric, Gas
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Schools

  • School District: Madison Cons.

Lot Info

  • Acres: 0.0900
  • Lot Description: River View
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2024
Closed on
Jun 26, 2024
Sold by
Smith Darryl A & Winnie B Trust
Bought by
Dare Patricia
Seller's Agent
Scott Lynch
F.C. Tucker/Scott Lynch Group
Buyer's Agent
OUTSIDE AGENT
OUTSIDE COMPANY
List Price
$264,500
Sold Price
$240,000
Premium/Discount to List
-$24,500
-9.26%
Views
345
Current Estimated Value
$248,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,101
Avg. Annual Appreciation
-1.29%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dare Patricia $240,000 Jefferson County Land Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $240,000 -4.0% $192 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
03/27/2024 03/27/24 Price Changed $249,900 -5.5% $200 / Sq Ft
02/27/2024 02/27/24 For Sale $264,500 -- $212 / Sq Ft
Source: Southern Indiana REALTORS® Association

Tax History Compared to Growth

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 $1,353 $135,300 $4,900 $130,400
2023 $1,535 $127,300 $4,900 $122,400
2022 $1,426 $118,200 $4,900 $113,300
2021 $1,343 $111,700 $4,900 $106,800
2020 $1,308 $108,600 $4,900 $103,700
2019 $1,305 $108,900 $4,900 $104,000
2018 $1,285 $109,200 $4,900 $104,300
2017 $1,250 $108,500 $4,900 $103,600
2016 $1,206 $108,900 $4,900 $104,000
2014 $514 $70,300 $4,000 $66,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202406116

Southern Indiana REALTORS® Association

APN: 39-13-02-133-010-000-007