$200,000
SOLD SEP 2, 2025

401 E Madison St Franklin, IN 46131

-- Bed
3 Baths
5,544 Sq Ft
8,189 Sq Ft Lot

Recently Sold

$36 Per Sq Ft

20% Below List Price

29 Days on Market

Highlights

  • Cathedral Ceiling
  • Corner Lot
  • Central Air
  • Wood Flooring
  • No HOA

About This Home

As of September 2025

Great opportunity for a new Church or unique home in downtown Franklin! This Church is currently set up to facilitate a service with approximately 120 members in the sanctuary. Sanctuary is approximately 62x42 with a balcony. 3 Offices are located on the south side of the building behind the sanctuary. Nursery and 2 half bathrooms on the main level located on the north side of the Church. Great Room, 4 finished classrooms, Storage room, Utility room, and additional half bathroom in the basement. Basement is approximately 60% finished with walk-out egress. The property is zoned Residential Traditional Neighborhood (RTN). Permitted Primary Uses include: Single Family residence, Residential facility for the developmentally disabled, and residential facility for the mentally ill. Special Exception Primary Uses include: Duplex, Bed and Breakfast, Community Center, School and more.

Last Agent to Sell the Property

Justin Cave

Smythe & Co, Inc License #RB21000653 Listed on: 07/21/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55

Year Built

  • Built in 1919

Lot Details

  • 8,189 Sq Ft Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • Cathedral Ceiling
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Laminate

Schools

  • Franklin Community Middle School
  • Custer Baker Intermediate School
  • Franklin Community High School

Utilities

  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number 410814044041000009
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$55

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Gothic Revival
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1919
  • Building Area Total: 6804
  • Garage Y N: No
  • Lot Size Acres: 0.19
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full, Partially Finished, Walk-Out Access
  • Appliances: None
  • Levels: One Leveland + Loft
  • Half Bathrooms: 3
  • Total Bathrooms: 3
  • Below Grade Sq Ft: 1890
  • Interior Amenities: Cathedral Ceiling(s)
  • Living Area: 5544
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Main Level Sq Ft: 3150
  • Basement Half Bathrooms: 1
  • Main Half Bathrooms: 2
  • Upper Level Sq Ft: 504

Exterior Features

  • Construction Materials: Brick
  • Direction Faces: North
  • Foundation Details: Brick/Mortar, Stone

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Franklin Community Middle School
  • MBR_IntermediateSchool: Custer Baker Intermediate School

Lot Info

  • Lot Features: Access, Corner Lot, Curbs, Sidewalks
  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 8189
  • Parcel Number: 410814044041000009
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 55.0
  • Tax Lot: 39
  • Semi Annual Property Tax Amt: 27.5
  • Tax Exemption: Other Tax Exemption/See Remarks

MLS Schools

  • High School: Franklin Community High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2025
Closed on
Sep 2, 2025
Sold by
Franklin Faith Chapel Inc
Bought by
Stahley Randy
Seller's Agent
Justin Cave
Smythe & Co, Inc
List Price
$250,000
Sold Price
$200,000
Premium/Discount to List
-$50,000
-20%
Views
153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
131.63%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2025 09/02/25 Sold $200,000 -20.0% $36 / Sq Ft
08/19/2025 08/19/25 Pending -- -- --
07/21/2025 07/21/25 For Sale $250,000 -- $45 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 -- $233,000 $11,800 $221,200
2024 -- $176,900 $11,800 $165,100
2023 -- $176,900 $11,800 $165,100
2022 $0 $176,900 $11,800 $165,100
2021 $0 $162,600 $11,800 $150,800
2020 $10 $162,600 $11,800 $150,800
2019 $10 $162,600 $11,800 $150,800
2018 $20 $162,600 $11,800 $150,800
2017 $10 $159,600 $11,800 $147,800
2016 $10 $159,600 $11,800 $147,800
2014 -- $161,800 $11,800 $150,000
2013 -- $161,800 $11,800 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22052161

MIBOR Broker Listing Cooperative®

APN: 41-08-14-044-041.000-009