NOT LISTED FOR SALE

498 E Madison St Franklin, IN 46131

Estimated Value: $261,507 - $329,000

3 Beds
1.5 Baths
2,806 Sq Ft
$109/Sq Ft Est. Value

Last Sold June 11, 2020

Last sale price $228,000 $81 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,005/month

2 Days on Market

Highlights

  • Arts and Crafts Architecture
  • Formal Dining Room
  • Built-in Bookshelves
  • Wood Flooring
  • Wood Frame Window
  • Woodwork

About This Home

As of June 2020

Enjoy everything about this downtown Franklin home! Built in 1940 and features many original features and tons of charm. Original hardwood floors on the main level, beautiful fireplace surround, gorgeous wood work throughout and stunning built-ins! From the large covered porch, original front door, living room with fireplace, den with a wall of built-ins, dining room with built-ins to the updated kitchen, you will love the character! Upstairs offers 3 bedrooms, full bath & optional laundry closet. Basement offers storage and a walk out door to the backyard. Current laundry is in the basement. A large deck area offers great outdoor living space. 1 car detached garage along with multiple car-port with alley access! This is a must see!

Last Agent to Sell the Property

Angela Young

RE/MAX Advanced Realty License #RB14043385 Listed on: 05/15/2020

RE/MAX Advanced Realty

Last Buyer's Agent

Valerie Edwards

CENTURY 21 Scheetz

CENTURY 21 Scheetz

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,742

Year Built

  • Built in 1940

Lot Details

  • 6,098 Sq Ft Lot
  • Partially Fenced Property
  • Privacy Fence

Parking

  • 1 Car Garage

Home Design

  • Arts and Crafts Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Woodwork
  • Fireplace Features Masonry
  • Wood Frame Window
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Laundry in Basement
  • Basement Lookout

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Hamiltons 6Th Subdivision

Listing and Financial Details

  • Assessor Parcel Number 410814044030000009

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,742

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts&Crafts/Craftsman
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1940
  • Garage Y N: Yes
  • Lot Size Acres: 0.14
  • Subdivision Name: HAMILTONS 6TH
  • Inspection Warranties: Not Applicable
  • Property Description: Enjoy everything about this downtown Franklin home! Built in 1940 and features many original features and tons of charm. Original hardwood floors on the main level, beautiful fireplace surround, gorgeous wood work throughout and stunning built-ins! From the large covered porch, original front door, living room with fireplace, den with a wall of built-ins, dining room with built-ins to the updated kitchen, you will love the character! Upstairs offers 3 bedrooms, full bath & optional laundry closet. Basement offers storage and a walk out door to the backyard. Current laundry is in the basement. A large deck area offers great outdoor living space. 1 car detached garage along with multiple car-port with alley access! This is a must see!
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished, Walk-Out Access, Daylight/Lookout Windows
  • Appliances: Dishwasher, Disposal, Kit Exhaust, Microwave, Electric Oven, Range Hood, Refrigerator
  • Levels: Two
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Masonry, Other
  • Fireplaces: 1
  • Interior Amenities: Built In Book Shelves, Hardwood Floors, Windows Wood, Wood Work Stained
  • Living Area: 2806
  • Other Equipment: Network Ready, Smoke Detector
  • Room Count: 7
  • Areas Interior: Laundry in Basement
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 1867
  • Main Level Sq Ft: 939
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Total Sq Ft: 2806
  • Kitchen Features: Breakfast Bar,Kitchen Eat In
  • Below Grade Sq Ft: 939
  • Upper Level Sq Ft: 928
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Fence Partial, Fence Privacy
  • Foundation Details: Block, Full
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level,Covered Porch

Garage/Parking

  • Garage Spaces: 1
  • Fuel: Gas
  • Garage Parking Description: Carport,Detached

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Cable Connected,Gas Connected,High Speed Internet Avail
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 410814044030000009
  • Acres: <1/4 Acre
  • Lot Information: Corner,Sidewalks,Storm Sewer,Street Lights
  • Lot Number: 33
  • Lot Size: 44x142

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1742
  • Semi Annual Property Tax Amt: 871
  • Tax Exemption: HomesteadTaxExemption,OtherTaxExemption/See Remarks

MLS Schools

  • School District: Franklin Community
  • Schools: Franklin Community High,Northwood Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Jul 23, 2020
Sold by
Tunstail Kendrick M
Bought by
Providence Realty Llc
Seller's Agent
Angela Young
RE/MAX Advanced Realty
Buyer's Agent
Valerie Edwards
CENTURY 21 Scheetz
List Price
$230,000
Sold Price
$228,000
Premium/Discount to List
-$2,000
-0.87%
Current Estimated Value
$305,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,877
Avg. Annual Appreciation
5.40%
Original Mortgage
$193,800
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 15, 2020
Closed on
Jun 11, 2020
Sold by
Severyn Susan
Bought by
Tunstall Kendrick M
Seller's Agent
Angela Young
RE/MAX Advanced Realty
Buyer's Agent
Valerie Edwards
CENTURY 21 Scheetz
List Price
$230,000
Sold Price
$228,000
Premium/Discount to List
-$2,000
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,800
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2018
Closed on
Aug 31, 2018
Sold by
Kellogg Wade H and Kellogg Tama J
Bought by
Severyn Richard S
Seller's Agent
Tanya Smythe
Smythe & Co, Inc
Buyer's Agent
Angela Young
List Price
$189,900
Sold Price
$182,400
Premium/Discount to List
-$7,500
-3.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.36%

Purchase Details

Closed on
Aug 8, 2014
Sold by
Stits Joseph O
Bought by
Kellogg Wade H and Kellogg Tama J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2008
Sold by
Ritchie Nicolette L
Bought by
Stits Joseph O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 24, 2008
Sold by
Ritchie Theodore M
Bought by
Ritchie Nicolette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.37%
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
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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
Providence Realty Llc -- None Available
Tunstall Kendrick M -- Fidelity National Title
Severyn Richard S -- Alliance Title
Kellogg Wade H -- Security Title Services
Stits Joseph O -- Chicago Title Insurance Co
Ritchie Nicolette L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tunstall Kendrick M $193,800
Previous Owner Kellogg Wade H $124,000
Previous Owner Stits Joseph O $132,000
Previous Owner Ritchie Nicolette L $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/11/2020 06/11/20 Sold $228,000 -0.9% $81 / Sq Ft
05/18/2020 05/18/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $230,000 +26.1% $82 / Sq Ft
08/31/2018 08/31/18 Sold $182,400 -3.9% $65 / Sq Ft View Prior Sale
08/14/2018 08/14/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $189,900 -- $68 / 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 $4,866 $238,700 $22,400 $216,300
2024 $4,866 $219,900 $22,900 $197,000
2023 $4,895 $219,900 $22,900 $197,000
2022 $4,765 $213,600 $22,900 $190,700
2021 $4,204 $188,400 $22,900 $165,500
2020 $2,034 $182,400 $22,900 $159,500
2019 $1,878 $168,900 $18,200 $150,700
2018 $1,762 $174,200 $18,200 $156,000
2017 $1,583 $157,300 $18,200 $139,100
2016 $1,637 $166,500 $18,200 $148,300
2014 $1,270 $127,000 $4,700 $122,300
2013 $1,270 $127,400 $4,700 $122,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21710187

MIBOR Broker Listing Cooperative®

APN: 41-08-14-044-030.000-009