$550,000

416 E 2nd St Madison, IN 47250

Estimated payment $3,382/month

Total Views 8,897
5 Beds
4 Baths
4,296 Sq Ft
$128 Price per Sq Ft

Highlights

  • 5 Fireplaces
  • Covered Patio or Porch
  • Formal Dining Room
  • Den
  • First Floor Utility Room
  • 4-minute walk to Fireman's Park

About This Home

HISTORIC COSTIGAN MASTERPIECE IN THE HEART OF DOWNTOWN MADISON! Step into a piece of history with this commanding 1851 Greek Revival home, attributed to renowned architect Francis Costigan. Located in Madison, Indiana’s treasured historic district, this remarkable 5-bedroom, 4-bath residence captures timeless elegance and architectural distinction. From the original iron balcony and graceful double side porches to the beautiful iron fence encircling the property, every detail reflects classic sophistication. Inside, you’ll find 5 fireplaces, soaring 13-foot ceilings, and several ornate ceiling medallions, including one of the largest and most intricate in Madison. The showpiece of the home is the grand front parlor — an impressive 16’ x 36’ room featuring two exquisite black marble fireplace mantles and the unmatched ceiling medallion. The second-floor double parlor, also of high quality, can easily convert into two spacious bedrooms via original folding doors. A carriage house, now serving as a garage with potential living/guest quarters, adds to the historical charm and function of the property. This home is a rare opportunity to own one of Madison’s finest historic homes, where 19th-century craftsmanship meets lasting beauty.

Listing Agent

Scott Lynch

F.C. Tucker/Scott Lynch Group License #RB14019761 Listed on: 03/13/2026

F.C. Tucker/Scott Lynch Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,338

Year Built

  • Built in 1851

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 57x168
  • Fenced Yard
  • Landscaped
  • Historic Home
  • Property is zoned Historic District

Parking

  • 2 Car Detached Garage
  • On-Street Parking

Home Design

  • Stone Foundation

Interior Spaces

  • 4,296 Sq Ft Home
  • 2-Story Property
  • 5 Fireplaces
  • Decorative Fireplace
  • Gas Fireplace
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • First Floor Utility Room
  • Utility Room
  • Basement
  • Basement Cellar

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 391302131054

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,338

Year Built

Built in 1851

Lot Details

9,583 Sq Ft Lot

Parking

2

Listing Details

  • Additional Parking: On Street
  • Annual Tax: 5338
  • Appointment: Mandatory
  • Construction: Existing
  • Foundation: Rock
  • Legal Description: 011-03992-00 56 BY 168 FT O T 11-129-47 416 EAST SECOND
  • Lot Dimensions: 57x168
  • Numof Fireplaces: 5
  • Out Buildings: Garage
  • Parcel Number: 391302131054
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total Finished Square Footage: 4296
  • Type: 2 Story, Historical
  • Year Built: 1851
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Cellar
  • Above Grade Finished Sq Ft: 4296.00
  • Appliances: Dishwasher, Disposal, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Fireplace: Gas Burning, Decorative
  • Interior Amenities: 1st Floor Main, 1st Floor Utility, Breakfast Bar, Den/Office, Eat-In Kitchen, Formal Dining Rm, Foyer, Pantry, Utility/Mud Room
  • Lot Sq Ft: 9583.20
  • Sewer Type: Sewer
  • Total Sq Ft: 4296

Exterior Features

  • Exterior Features: Covered Porch, Fenced Yard, Landscaped, Public Sidewalk

Garage/Parking

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

Utilities

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

Lot Info

  • Acres: 0.2200
  • Zoning: Residential, Historic District

Map

Range of Values:

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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
2025 $5,328 $291,300 $8,900 $282,400
2024 $5,328 $266,400 $8,900 $257,500
2023 $5,002 $250,100 $8,900 $241,200
2022 $4,506 $225,300 $8,900 $216,400
2021 $4,264 $213,200 $8,900 $204,300
2020 $4,138 $206,900 $8,900 $198,000
2019 $4,138 $206,900 $8,900 $198,000
2018 $4,138 $206,900 $8,900 $198,000
2017 $4,082 $204,100 $8,900 $195,200
2016 $4,082 $204,100 $8,900 $195,200
2014 $3,494 $174,700 $7,300 $167,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2026 03/13/26 For Sale $550,000 -- $128 / Sq Ft
Source: Southern Indiana REALTORS® Association

Source: Southern Indiana REALTORS® Association

MLS Number: 202606636

Southern Indiana REALTORS® Association

APN: 39-13-02-131-054-000-007

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