NOT LISTED FOR SALE

414 E Main St Madison, IN 47250

Estimated Value: $278,000 - $407,000

2 Beds
2.5 Baths
2,467 Sq Ft
$127/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $250,000 $101 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,804/month

25 Days on Market

Highlights

  • Covered Patio or Porch
  • 3 Car Attached Garage
  • Forced Air Heating System
  • First Floor Utility Room
  • Water Softener

About This Home

As of February 2024

A rare find located in a prime location on East Main St. in Historic downtown Madison. This spacious home served as a dental office and personal residence for many years. You can renovate and customize to your taste and style. Put a new shine on this treasure. This unique property offers a 3 car heated garage/workshop with loft. In addition a large vacant lot (84x75) behind the house conveys. You’ll also find a closed end carport on the lot. The alley between the two properties has an ingress egress easement for access to the garage and house. Owner will not split properties, must be sold together. This is a great opportunity to own a very unique property. Make your vision become reality. Personal Property does not convey. Property being sold AS IS. Possession to be agreed.

Last Agent to Sell the Property

Janice Lyon

Century 21 River Valley License #RB14022583 Listed on: 12/04/2023

Century 21 River Valley

Last Buyer's Agent

Amy Hopwood-Ralston

Coldwell Banker Harrell & Asso License #RB14047731

Coldwell Banker Harrell & Asso

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,928

Year Built

  • Built in 1900

Lot Details

  • 3,106

Parking

  • 3 Car Attached Garage
  • On-Street Parking

Home Design

  • Block Foundation
  • Frame Construction

Interior Spaces

  • 2,467 Sq Ft Home
  • 1.5-Story Property
  • First Floor Utility Room
  • Basement
  • Basement Cellar
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater
  • Water Softener

Additional Features

  • Covered Patio or Porch
  • 3,106 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 391302124049000007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,928

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Additional Parking: On Street
  • Annual Tax: 1928
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Foundation: Concrete Block
  • Legal Description: 011-03956-00 37 BY 84 FT E SIDE LOT 67 O T 11-129-8 414 E MAIN ST , 011-03961-00 51/2 LOT 67 84x75 11-129-12.1 414 E Main St.
  • Lot Dimensions: 37x84 House
  • Parcel Number: 391302124049000007
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total Finished Square Footage: 2467
  • Type: 1.5 Story
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Cellar
  • Above Grade Finished Sq Ft: 2467.00
  • Appliances: Clothes Dryer, Clothes Washer, Range / Oven, Refrigerator, Water Softener
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 2
  • Interior Amenities: 1st Floor Utility
  • Lot Sq Ft: 3105.83
  • Sewer Type: Sewer
  • Total Sq Ft: 2467

Exterior Features

  • Exterior Features: Covered Porch, Public Sidewalk

Garage/Parking

  • Garage Type: Attached
  • Garage Spaces: 3
  • Garage Yn: Yes

Utilities

  • Cooling Type: Window A/C Unit(s)
  • Fuel Type: Nat Gas
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.0713
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2023
Closed on
Feb 2, 2024
Sold by
The Wendell H Grassmyer Revocable Trust
Bought by
Roman Catholic Archdiocese Of Indianapol
Seller's Agent
Janice Lyon
Century 21 River Valley
Buyer's Agent
Amy Hopwood-Ralston
Coldwell Banker Harrell & Asso
List Price
$284,900
Sold Price
$250,000
Premium/Discount to List
-$34,900
-12.25%
Views
104
Current Estimated Value
$314,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,201
Avg. Annual Appreciation
12.57%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Roman Catholic Archdiocese Of Indianapol $250,000 Madison Land Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2024 02/02/24 Sold $250,000 -5.6% $101 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
12/19/2023 12/19/23 Price Changed $264,900 -7.0% $107 / Sq Ft
12/04/2023 12/04/23 For Sale $284,900 -- $115 / 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 $1,951 $185,800 $4,000 $181,800
2023 $1,858 $185,800 $4,000 $181,800
2022 $1,734 $173,400 $4,000 $169,400
2021 $1,595 $159,500 $4,000 $155,500
2020 $1,534 $153,400 $4,000 $149,400
2019 $1,534 $153,400 $4,000 $149,400
2018 $1,534 $153,400 $4,000 $149,400
2017 $1,518 $151,800 $4,000 $147,800
2016 $1,518 $151,800 $4,000 $147,800
2014 $1,456 $145,600 $4,800 $140,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2023012045

Southern Indiana REALTORS® Association

APN: 39-13-02-124-049-000-007