NOT LISTED FOR SALE

501 Phillips Ln Madison, IN 47250

Estimated Value: $200,000 - $228,000

3 Beds
2 Baths
1,352 Sq Ft
$160/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $183,900 $136 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,254/month

10 Days on Market

Highlights

  • Access To Lake
  • First Floor Utility Room
  • Thermal Windows
  • Covered Patio or Porch
  • 1 Car Garage
  • Breakfast Bar

About This Home

As of April 2022

This MOVE-IN READY 3 BR, 2 bath home has been COMPLETELY REMODELED with new flooring, freshly painted, updated bathrooms, and many other nice updates throughout. It is also in a convenient hilltop location with LAKE ACCESS. Located on a well-kept dead end street that leads to the quaint and quiet Johnson Lake, stocked for fishing, and has walking paths and pavilion areas for great outdoor activities! The home is one level and has an attached garage and a nice back patio right off the nicely updated kitchen! The white cabinets, spacious island and stylish subway tile backsplash are very nice accents to the bright kitchen! The NEW ROOF was put on just 3 years ago. And the brick front with covered porch and nicely landscaped yard gives this home a very nice curb appeal!

Last Agent to Sell the Property

Jackie Armel Greene

Coldwell Banker Harrell & Asso License #RB16000528 Listed on: 02/14/2022

Coldwell Banker Harrell & Asso

Last Buyer's Agent

Marla Brennan

License #RB18002176

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,958

Year Built

  • Built in 1975

Lot Details

  • Lot Dimensions are 90x95
  • Street terminates at a dead end
  • Landscaped

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Block Foundation
  • Frame Construction

Interior Spaces

  • 1,352 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Window Screens
  • Family Room
  • First Floor Utility Room
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Access To Lake
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Water Softener

Listing and Financial Details

  • Assessor Parcel Number 390827224010000007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,958

Year Built

Built in 1975

Lot Details

0

Parking

1

Listing Details

  • Improvements: 88500
  • Additional Parking: Off Street
  • Annual Tax: 1958
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Foundation: Concrete Block
  • Land Assessment: 15000
  • Legal Description: 011-00352-00 Lot 1 Hoffman Add 11-6-34
  • Lot Dimensions: 90x95
  • Out Buildings: Garage
  • Parcel Number: 390827224010000007
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Subdivision Yn: Yes
  • Total: 103500
  • Total Finished Square Footage: 1352
  • Type: 1 Story
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Crawl Space
  • Above Grade Finished Sq Ft: 1352.00
  • Appliances: Dishwasher, Garage Door Opener, Microwave, Oven Self Clean, Range / Oven, Refrigerator, Water Softener
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Interior Amenities: 1st Floor Master, 1st Floor Utility, Bath Master, Breakfast Bar, Family Room, Kitchen Island
  • Room Count: 7
  • Sewer Type: Sewer
  • Total Sq Ft: 1352
  • Total Rooms: 7

Exterior Features

  • Exterior Features: Covered Porch, Landscaped, Patio, Paved Driveway, Screens, Thermopane Windows
  • Road Frontage: 95

Garage/Parking

  • Garage Type: Attached
  • Garage Spaces: 1
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Electric
  • Heat Type: Heat Pump
  • Water Type: Public Onsite

Schools

  • School District: Madison Cons.

Lot Info

  • Lot Description: Dead End Street, Lake Access
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2017
Closed on
Mar 10, 2017
Sold by
Clayton Julia L
Bought by
Heiliger Lastarr D
Seller's Agent
Scott Lynch
F.C. Tucker/Scott Lynch Group
List Price
$102,500
Sold Price
$102,500
Current Estimated Value
$216,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,014
Avg. Annual Appreciation
9.05%

Purchase Details

Closed on
Jan 20, 2015
Sold by
Chittick M
Bought by
Clayton Julia L
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Heiliger Lastarr D $102,500 S.E. Indiana Title
Clayton Julia L $80,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2022 04/08/22 Sold $183,900 +2.2% $136 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $179,900 +75.5% $133 / Sq Ft
03/10/2017 03/10/17 Sold $102,500 0.0% $76 / Sq Ft View Prior Sale
02/13/2017 02/13/17 Pending -- -- --
01/26/2017 01/26/17 For Sale $102,500 -- $76 / 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 $1,312 $131,200 $15,000 $116,200
2023 $1,242 $124,200 $15,000 $109,200
2022 $1,122 $112,200 $15,000 $97,200
2021 $2,070 $103,500 $15,000 $88,500
2020 $1,958 $97,900 $15,000 $82,900
2019 $1,734 $86,700 $15,000 $71,700
2018 $1,664 $83,200 $15,000 $68,200
2017 $590 $82,500 $15,000 $67,500
2016 $593 $84,100 $15,000 $69,100
2014 $594 $84,700 $15,000 $69,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202206852

Southern Indiana REALTORS® Association

APN: 39-08-27-224-010-000-007