501 Madison St Arcadia, IN 46030
5
Beds
3
Baths
2,003
Sq Ft
9,583
Sq Ft Lot
Highlights
- Mature Trees
- Wood Flooring
- Porch
- Traditional Architecture
- No HOA
- 4 Car Attached Garage
About This Home
As of January 2025Fully remodeled 5-bedroom, 3-bath home in the heart of Arcadia! This property boasts a spacious attached garage with room for up to 6 cars, including a 2-car section with an automatic opener and a workshop area that fits 4 more-perfect for car enthusiasts. Recent upgrades include a new HVAC system, roof, siding, kitchen, lighting, flooring, fresh paint, and updated plumbing. The main floor features 2 bedrooms and 2 baths, while the upper level offers 3 additional bedrooms and another full bath. Move-in ready with modern updates throughout!.
Last Agent to Sell the Property
HSI Commercial & Residential Group, Inc Brokerage Email: Kerolos.sarofem@gmail.com License #RB21001150 Listed on: 12/12/2024
Last Buyer's Agent
Adrien Cartwright
Berkshire Hathaway Home
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,102
Year Built
- Built in 1900
Lot Details
- 9,583 Sq Ft Lot
- Mature Trees
Parking
- 4 Car Attached Garage
Home Design
- Traditional Architecture
- Cement Siding
Interior Spaces
- 2-Story Property
- Vinyl Clad Windows
- Combination Kitchen and Dining Room
- Utility Room
- Laundry on main level
- Basement Cellar
- Attic Access Panel
Kitchen
- Eat-In Kitchen
- Electric Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
Outdoor Features
- Porch
Schools
- Hamilton Heights Elementary School
- Hamilton Heights Middle School
- Hamilton Heights High School
Utilities
- Forced Air Heating System
- Electric Water Heater
Community Details
- No Home Owners Association
- Arcadia Land & Improv Co Subdivision
Listing and Financial Details
- Tax Lot 138
- Assessor Parcel Number 290224205006000009
- Seller Concessions Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 12, 2024
Closed on
Jan 23, 2025
Sold by
Sw Investment Llc
Bought by
Gilbert Brian
Seller's Agent
Kerolos Sarofem
HSI Commercial & Residential Group, Inc
Buyer's Agent
Adrien Cartwright
Berkshire Hathaway Home
List Price
$283,500
Sold Price
$275,000
Premium/Discount to List
-$8,500
-3%
Views
65
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,147
Avg. Annual Appreciation
-7.79%
Original Mortgage
$261,250
Outstanding Balance
$260,785
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$3,068
Purchase Details
Listed on
Jul 10, 2024
Closed on
Oct 3, 2024
Sold by
Champley Aaron L
Bought by
Sw Investment Llc
Seller's Agent
Derek Gutting
Keller Williams Indpls Metro N
Buyer's Agent
Derek Gutting
Keller Williams Indpls Metro N
List Price
$200,000
Sold Price
$123,000
Premium/Discount to List
-$77,000
-38.5%
Views
140
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1240.25%
Purchase Details
Closed on
Mar 7, 2007
Sold by
Reiter Kevin A and Reiter Laurie L
Bought by
Champley Aaron L and Champley Joanna S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 15, 2006
Sold by
Reiter Kevin A
Bought by
Reiter Kevin A and Reiter Laurie L
Purchase Details
Closed on
Jun 30, 2006
Sold by
Reiter Kevin A and Reiter Laurie L
Bought by
Champley Aaron and Champley Joanna
Purchase Details
Closed on
May 24, 2006
Sold by
Household Finance Corp Iii
Bought by
Reiter Kevin A
Purchase Details
Closed on
Feb 28, 2006
Sold by
Lawhorn Teddy R and Lawhorn Jennifer C
Bought by
Household Finance Corp Iii
Purchase Details
Closed on
Nov 9, 2001
Sold by
Eadler Eric and Eadler Tonya
Bought by
Lawhorn Teddy R and Lawhorn Jennifer C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,400
Interest Rate
10.33%
Similar Homes in Arcadia, IN
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $275,000 | Meridian Title | |
| Warranty Deed | $123,000 | Chicago Title | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Land Contract | $50,000 | None Available | |
| Corporate Deed | -- | None Available | |
| Sheriffs Deed | $74,290 | None Available | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $261,250 | New Conventional | |
| Previous Owner | $50,000 | New Conventional | |
| Previous Owner | $76,000 | Purchase Money Mortgage | |
| Previous Owner | $95,400 | No Value Available | |
| Closed | $0 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/23/2025 01/23/25 | Sold | $275,000 | -3.0% | $137 / Sq Ft |
| 12/20/2024 12/20/24 | Pending | -- | -- | -- |
| 12/12/2024 12/12/24 | For Sale | $283,500 | +130.5% | $142 / Sq Ft |
| 10/03/2024 10/03/24 | Sold | $123,000 | -31.7% | $61 / Sq Ft |
| 08/20/2024 08/20/24 | Pending | -- | -- | -- |
| 08/08/2024 08/08/24 | Price Changed | $180,000 | -10.0% | $90 / Sq Ft |
| 07/03/2024 07/03/24 | For Sale | $200,000 | -- | $100 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $1,102 | $137,400 | $44,600 | $92,800 |
| 2023 | $1,152 | $121,200 | $44,600 | $76,600 |
| 2022 | $445 | $70,300 | $33,400 | $36,900 |
| 2021 | $445 | $64,300 | $33,400 | $30,900 |
| 2020 | $430 | $63,000 | $33,400 | $29,600 |
| 2019 | $355 | $51,300 | $17,800 | $33,500 |
| 2018 | $603 | $49,300 | $17,800 | $31,500 |
| 2017 | $744 | $44,900 | $17,800 | $27,100 |
| 2016 | $417 | $44,900 | $17,800 | $27,100 |
| 2014 | $210 | $42,800 | $17,100 | $25,700 |
| 2013 | $210 | $43,800 | $17,100 | $26,700 |
Source: Public Records
Agents Affiliated with this Home
-
Kerolos Sarofem
K
Seller's Agent in 2025
Kerolos Sarofem
HSI Commercial & Residential Group, Inc
(317) 590-4928
93 Total Sales
-
A
Buyer's Agent in 2025
Adrien Cartwright
Berkshire Hathaway Home
-
Derek Gutting
Seller's Agent in 2024
Derek Gutting
Keller Williams Indpls Metro N
(317) 679-6767
294 Total Sales
-
Matt Humberger
M
Seller Co-Listing Agent in 2024
Matt Humberger
Keller Williams Indpls Metro N
(317) 846-6300
80 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22014839
APN: 29-02-24-205-006.000-009
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