$69,000

408 S Madison St Rome, NY 13440

Estimated payment $628/month

Total Views 1,502
3 Beds
2 Baths
2,534 Sq Ft
$27 Price per Sq Ft

Highlights

  • Eat-In Kitchen
  • Rectangular Lot
  • Carpet
  • Forced Air Heating System

About This Home

Investor Alert!!! This spacious 3-bedroom, 2-bath home sits on a generous double city lot and offers incredible potential for the right buyer. The property was impacted by last year’s tornado and has since been deemed uninhabitable by the City of Rome due to roof and rafter damage. During inspections, portions of the kitchen and ceiling were removed for asbestos remediation.
The layout includes an unfinished area with a private entrance—ideal for conversion into a small income-producing apartment, an in-law suite, or additional living space. Features include replacement windows and ample square footage to reimagine the property to your vision. Cash-only or Rehab Loan only sale. Property requires renovation and is being sold as-is. A prime opportunity for experienced investors or builders looking to bring new life to a structurally promising home in a desirable area close to shopping, main roadways, parks.

Listing Agent

Ciro Raspante

Listing by Hunt Real Estate ERA License #10401250634 Listed on: 07/21/2025

Hunt Real Estate ERA

Co-Listing Agent

Kristopher Joseph

Listing by Hunt Real Estate ERA License #10401338547

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,956

Year Built

  • Built in 1920

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 72x153
  • Rectangular Lot

Home Design

  • Stone Foundation
  • Shake Siding

Interior Spaces

  • 2,534 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Parking

  • No Garage
  • Gravel Driveway

Schools

  • Lyndon H Strough Middle School
  • Rome Free Academy High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • Grosvenor/Lands/Poster & Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 301301-242-056-0001-005-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,956

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1920
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Co List Office Mls Id: HURE012
  • Co List Office Phone: 315-801-9705
  • Subdivision Name: Grosvenor/Lands/Poster &
  • Architectural Style: Two Story
  • Flooring: Carpet, Laminate, Varies
  • Garage Yn: No
  • Interior Features: Eat-in Kitchen, Other, See Remarks
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Gas Oven, Gas Range, Refrigerator
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Total Bedrooms: 6
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.25
  • Waterfront: No
  • Construction Type: Shake Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Rome
  • Ninth Grade High School: Rome Free Academy
  • Middle Or Junior School: Lyndon H Strough Middle

Lot Info

  • Parcel Number: 301301-242-056-0001-005-000-0000
  • Lot Dimensions: 72X153
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2956.0
  • Tax Lot: 5

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





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 $4,114 $45,000 $9,600 $35,400
2023 $2,068 $45,000 $9,600 $35,400
2022 $2,036 $45,000 $9,600 $35,400
2021 $1,973 $45,000 $9,600 $35,400
2020 $1,953 $45,000 $9,600 $35,400
2019 $449 $45,000 $9,600 $35,400
2018 $1,844 $45,000 $9,600 $35,400
2017 $1,801 $45,000 $9,600 $35,400
2016 $3,252 $45,000 $9,600 $35,400
2015 -- $45,000 $9,600 $35,400
2014 -- $45,000 $9,600 $35,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $69,000 -6.8% $27 / Sq Ft
09/27/2018 09/27/18 Sold $74,057 +3.0% $29 / Sq Ft
07/23/2018 07/23/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $71,900 -- $28 / Sq Ft
Source: Mid New York Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $81,000 --
Warranty Deed $74,057 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $71,800 Purchase Money Mortgage
Previous Owner $52,800 Stand Alone Refi Refinance Of Original Loan
Previous Owner $42,151 Unknown
Source: Public Records

Similar Homes in the area

  • 104 S Madison St, Rome, NY 13440

    $70,000

    • 2 Beds
    • 1 Bath
    • 1,896 Sq Ft
    • 104 S Madison St
    • Rome, NY

    104 Madison Street – 2-Bedroom Fixer-Upper Sold As-IsUnlock the potential at 104 Madison Street! This two-bedroom, one-bath single-family home is a great opportunity for investors, flippers, or buyers looking to bring their vision to life. The property is in need of repairs and updates, but with the right touch, it could shine once again.Featuring a functional layout, spacious

    Michael Miner Miner Realty & Prop Management

    Section Image
  • 314 Lawrence St, Rome, NY 13440

    $74,900

    • 4 Beds
    • 1 Bath
    • 1,553 Sq Ft
    • 314 Lawrence St
    • Rome, NY

    This 4-bedroom, 1-bathroom home offers over 1,500 sq. ft. of living space and is a blank canvas, ready for its new owner to make it their own. Two additional lots (316 & 318 Lawrence St) that stretch from Lawrence St. to Louisa St. this property presents plenty of opportunity for expansion or outdoor enjoyment.The kitchen and bathroom are in need of a full remodel, giving you the chance

    Lou DeMichele eXp Realty

    Section Image
  • 116 1/2 W Fox St, Rome, NY 13440

    $65,000

    • 4 Beds
    • 1 Bath
    • 2,614 Sq Ft
    • 116 1/2 W Fox St
    • Rome, NY

    Charming Two-Story Home in Rome. This 3 bedroom, 2-baths house offers generous living space with 2,614 sq. ft. spread across two levels. The enclosed porch adds a cozy spot of morning coffee or evening relaxation. Located on a 0.06-acre lot, this low-maintains property is perfect for those looking for space without the hassle or large outdoor upkeep. Close to schools, parks, and all the

    Michael Miner Miner Realty & Prop Management

    Section Image
  • 504 W Bloomfield St, Rome, NY 13440

    $72,200

    • 3 Beds
    • 1 Bath
    • 1,440 Sq Ft
    • 504 W Bloomfield St
    • Rome, NY

    Why rent when you can own for less in Rome, NY. It appears this home was built in 1895 and has approx. 1,440 sq. ft. Lot size approx. 2,440 sq. ft. At this price if you blink it will be SOLD. Buyers check with City, County, Zoning, Tax, and other records to their satisfaction. AS-IS SALE property.

    Neven Spralja REALHome Services & Solutions

    Section Image
  • 1103 Seneca St, Rome, NY 13440

    $70,000

    • 4 Beds
    • 2 Baths
    • 1,768 Sq Ft
    • 1103 Seneca St
    • Rome, NY

    Attention all Investors, Fix and Flip or Move In after renovation. This property is packed with potential as it consists of 2 parcels and home has 4 bedrooms and 2 baths. Located near Griffiss Business & Technology Park. Sold As Is As Seen.

    Nadine Zeller Hunt Real Estate Era Cl

    Section Image
  • 6385 State Route 26, Rome, NY 13440

    $54,900

    • 2 Beds
    • 1 Bath
    • 1,014 Sq Ft
    • 6385 State Route 26
    • Rome, NY

    This property sits on a spacious 2.6-acre corner lot, offering approximately 200 feet of road frontage and extending 393 feet deep along Shed Road. With plenty of potential, it’s the perfect opportunity for someone ready to invest a little TLC and sweat equity. While the home needs significant work, don’t overlook this diamond in the rough—it could become the dream home you’ve been searching for.

    Amy Abdoo Dominion Homes

    Section Image
  • 7785 Passer Rd Unit 87, Blossvale, NY 13308

    $59,000

    • 2 Beds
    • 1 Bath
    • 732 Sq Ft
    • 7785 Passer Rd
    • Unit 87
    • Blossvale, NY

    Bring your dreams and creative ideas as you restore this charming 2 Bedroom 1 Bath home to it's potential. The new roof saved the building but it did get some interior damage just prior to the new roof! This is definitely a gem in the rough. The fireplaced Living Room with hardwoods can be restored to its beauty with some ambition. The two stall garage was the clincher for this owner. Maybe you

    JC Pantola Coldwell Banker Faith Properties

    Section Image

Source: Mid New York Regional MLS

MLS Number: S1624174

Mid New York Regional MLS

APN: 242-056-0001-005-000-0000