RENTED AUG 21, 2025

427 S Madison St Bloomington, IN 47403

Prospect Hill Neighborhood

Estimated Value: $326,214 - $337,000

2 Beds
2 Baths
1,089 Sq Ft
697 Sq Ft Lot

Highlights

  • Ranch Style House
  • Breakfast Bar
  • Ceiling height of 9 feet or more
  • Tri-North Middle School Rated A
  • Entrance Foyer
  • 2-minute walk to B-Line Trail

About This Home

As of August 2025

No smoking and no pets. *** Just updated with solid surfaces in kitchen, remodeled baths, and vinyl plank flooring throughout! Interior will be painted prior to new tenant moving in. *** Ground-level condo just a few blocks from the Bloomington Square! Take advantage of this rare chance to enjoy residential living close to downtown! This condo lives very comfortably, with a master suite that includes its own full bath as well as a second bedroom that shares its adjacent hall bath with visitors. The building's entrance has its own secure entrance, so only residents within the stairwell may authorize visitors inside. All appliances are included and condo has dedicated parking spot in front of building. This condo is across the street from Rails to Trails, and the Farmer's Market and other downtown activities are just minutes away.

Last Agent to Rent the Property

Mike Avila

Signature Realty Services, LLC Brokerage Phone: 812-679-6782 Listed on: 01/28/2025

Last Renter's Agent

Mike Avila

Signature Realty Services, LLC Brokerage Phone: 812-679-6782 Listed on: 01/28/2025

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1991

Lot Details

  • 697

Home Design

  • Ranch Style House
  • Slab Foundation
  • Poured Concrete

Interior Spaces

  • Ceiling height of 9 feet or more
  • Insulated Windows
  • Entrance Foyer
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Schools

  • Fairview Elementary School
  • Tri-North Middle School
  • Bloomington North High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Vinyl Fence
  • Suburban Location

Listing and Financial Details

  • Security Deposit $2,500
  • Tenant pays for cooling, deposits, electric, heating, sewer, water, cable
  • The owner pays for association dues, bldg insurance
  • Assessor Parcel Number 53-01-53-698-016.000-009

Community Details

Overview

  • Madison Park Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Condo Details

Home Type

Condominium

Year Built

Built in 1991

Lot Details

697 Sq Ft Lot

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Association Dues, Bldg Insurance
  • Tenant Pays: Cooling, Deposits, Electric, Heating, Sewer, Water, Cable
  • Security Deposit: 2500

Listing Details

  • Class: RESIDENTIAL FOR LEASE
  • Property Sub Type: Condo/Villa
  • Year Built: 1991
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Madison Park Ph 1 Bldg 2 Unit 427
  • Parcel Number ID: 53-01-53-698-016.000-009
  • Amenities: Breakfast Bar, Cable Ready, Ceiling-9+, Deck Open, Disposal, Dryer Hook Up Electric, Foyer Entry, Range/Oven Hook Up Elec, Split Br Floor Plan, W/D Hookup
  • Location: City/Town/Suburb, Near College Campus
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1089
  • Total Finished Sq Ft: 1089
  • Above Grade Finished Sq Ft: 1089
  • Basement Foundation: Slab
  • Basement Material: Poured Concrete
  • Living Great Room: Dimensions: 13x12, On Level: Main
  • Kitchen: Dimensions: 11x9, On Level: Main
  • Dining Room: Dimensions: 12x11, On Level: Main
  • Bedroom 1: Dimensions: 12x11, On Level: Main
  • Bedroom 2: Dimensions: 12x10, On Level: Main
  • Main Level Sq Ft: 1089
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Outbuilding1: None
  • Fence: Vinyl
  • Outbuilding2: None

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Laundry: Dimensions: Mainx6, On Level: 4

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Fairview

Green Features

  • Energy Efficient Windows/Doors: Insulated Glass Windows

MLS Schools

  • High School: Bloomington North
  • Middle School: Tri-North
  • School District: Monroe County Community School Corp.

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2019
Sold by
Bought by
Current Estimated Value
$329,304

Purchase Details

Closed on
Dec 18, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 22, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,600
Interest Rate
0.0599%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 14, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,600
Interest Rate
0.0599%
Mortgage Type
Adjustable Rate Mortgage/ARM
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $50,000
Previous Owner $97,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/21/2025 08/21/25 Rented $1,799 0.0% --
07/05/2025 07/05/25 Price Changed $1,799 -0.1% $2 / Sq Ft
04/21/2025 04/21/25 For Rent $1,800 0.0% --
04/21/2025 04/21/25 Off Market $1,800 -- --
02/10/2025 02/10/25 Price Changed $1,800 +12.5% $2 / Sq Ft
01/28/2025 01/28/25 For Rent $1,600 -- --
Source: Indiana Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,457 $276,000 $0 $276,000
2024 $5,415 $264,500 $0 $264,500
2023 $2,799 $264,500 $0 $264,500
2022 $4,657 $230,000 $0 $230,000
2021 $4,249 $205,000 $0 $205,000
2020 $4,030 $195,000 $0 $195,000
2019 $3,995 $190,000 $0 $190,000
2018 $3,793 $180,000 $0 $180,000
2017 $3,379 $160,000 $0 $160,000
2016 $3,321 $160,000 $0 $160,000
2014 $3,019 $145,000 $0 $145,000
Source: Public Records

Agents Affiliated with this Home

  • Mike Avila

    Landlord's Agent in 2025

    Mike Avila

    Signature Realty Services, LLC

    (812) 679-6782

    32 Total Sales

    Mike Avila
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Map

Source: Indiana Regional MLS

MLS Number: 202502619

Indiana Regional MLS

APN: 53-01-53-698-016.000-009

Indiana Monroe County Bloomington 47403 Prospect Hill

427 S Madison St, Bloomington, IN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID

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