NOT LISTED FOR SALE

503 Madison St Chelsea, MI 48118

Chelsea Area

Estimated Value: $441,000 - $498,000

3 Beds
2 Baths
1,917 Sq Ft
$246/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2016

Last sale price $267,500 $140 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,898 / mo

65 Days on Market

Highlights

  • 0.4 Acre Lot
  • Deck
  • No HOA
  • South Meadows Elementary School Rated A-
  • Wood Flooring
  • Home Office

About This Home

As of September 2016

Historic 2 story in the heart of downtown Chelsea! Stone pillars & covered front porch welcome you this updated town home with lots of original charm. Living, formal dining, family room & study covered in hardwood w/original wide trim, rosette corners & wood doors w/ceramic knobs. Newer contemporary kitchen w/custom tile back splash, snack bar, & all stainless appliances. Updated full tile bath on the main floor w/bullnose corners & all newer light fixtures throughout the entire house. Upstairs offers easy maintenance w/all hardwood flrs, 3 bedrooms & oversized versatile closet big enough to be the 4th bedroom! Large full bath w/period claw foot tub, separate shower, & custom tile counter. Enjoy the privacy of the rear deck surrounded by mature trees or play a game of hoops on the large co concrete pad at the 2.5 car garage w/workshop space & awesome loft above for entertaining, teen life, or man cave w/3 windows, ceiling fan & door wall overlooking the deep lot w/easy walk to downtown!

Last Agent to Sell the Property

Jeff Klink

The Charles Reinhart Company License #6506046861 Listed on: 07/25/2016

The Charles Reinhart Company

Last Buyer's Agent

Michelle Elie

The Charles Reinhart Company License #6501298834

The Charles Reinhart Company

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,416

Year Built

  • Built in 1900

Lot Details

  • 17,424 Sq Ft Lot
  • Property is zoned RH, RH

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,917 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Attic Fan

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on lower level

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement
  • Sump Pump

Parking

  • Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Porch

Schools

  • Chelsea High Middle School
  • Chelsea High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,416

Year Built

Built in 1900

Lot Details

0.4 Acres

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 140.85
  • General Property Info:New Construction2: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1917.0
  • Tax Info:Annual Property Tax: 6416.47
  • Tax Info:Zoning3: RH
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Additional Items:Ceiling Fans: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Substructure:Michigan Basement: Yes
  • General Property Info:SqFt Above Grade: 1917.0
  • Additional Items:Sump Pump: Yes
  • Laundry Features Lower Level: Yes
  • General Property Info High School: Chelsea High School
  • General Property Info Middle School2: Chelsea High School
  • General Property Info Garage YN: Yes
  • Flooring:Wood Floor: Yes
  • Flooring:Vinyl Floor: Yes
  • Flooring:Tile Floor: Yes
  • Flooring:Ceramic Floor: Yes
  • Air Conditioning:Attic Fan: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Water Softener Owned
  • Flooring: Ceramic Tile, Tile, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Michigan Basement
  • LivingArea: 1917.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 2.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Water Softener-Owned: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 270000.0
  • Patio and Porch Features: Deck, Porch(es)
  • Exterior Material:Vinyl Siding: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: No
  • Garage: Yes
  • Parking Features: Detached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features:Detached2: Yes

Utilities

  • Cooling: Attic Fan
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Lower Level
  • Sewer: Public
  • Utilities: Natural Gas Connected, Cable Connected
  • Water Source: Public
  • Heat Source:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Chelsea High School
  • Middle/Junior School: Chelsea High School

Lot Info

  • Lot Size Acres: 0.4
  • Lot Size Area: 0.4
  • Lot Size Sq Ft: 17424.0
  • Zoning Description: RH

Tax Info

  • Tax Annual Amount: 6416.47
  • Tax Year: 2016

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

Listed on
Jul 25, 2016
Closed on
Sep 29, 2016
Sold by
Bought by
Seller's Agent
Jeff Klink
The Charles Reinhart Company
Buyer's Agent
Michelle Elie
The Charles Reinhart Company
List Price
$270,000
Sold Price
$267,500
Premium/Discount to List
-$2,500
-0.93%
Current Estimated Value
$470,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,223
Avg. Annual Appreciation
5.91%
Original Mortgage
$262,654
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 2010
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
$167,200
Interest Rate
4.7%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Chelsea, MI

  • Lisa Bartleman Real Estate Agent - Norfolk Realty Limited

    Lisa Bartleman

    Norfolk Realty Limited

    (947) 224-7147

    97 Total Sales

    1 in Chelsea

    $354,000 Price

    Lisa Bartleman
     Section Image
  • Nancy Rademacher Real Estate Agent - KW Professionals Brighton

    Nancy Rademacher

    KW Professionals Brighton

    (734) 688-8089

    184 Total Sales

    1 in Chelsea

    $283,000 Price

    Nancy Rademacher
     Section Image
  • Connie McDowell Real Estate Agent - National Realty Centers, Inc

    Connie McDowell

    National Realty Centers, Inc

    (313) 351-0220

    22 Total Sales

    2 in Chelsea

    $310K - $330K Price Range

    Connie McDowell
     Section Image
  • Mary Gladchun Real Estate Agent - RE/MAX Classic

    Mary Gladchun

    RE/MAX Classic

    (734) 802-1340

    131 Total Sales

    1 in Chelsea

    $545,000 Price

    Mary Gladchun
     Section Image
  • Karolynn Schofield Real Estate Agent - RE/MAX Platinum

    Karolynn Schofield

    RE/MAX Platinum

    (734) 822-9099

    79 Total Sales

    1 in Chelsea

    $235,000 Price

    Karolynn Schofield
     Section Image
  • Susan Fletcher Real Estate Agent - RE/MAX Platinum

    Susan Fletcher

    RE/MAX Platinum

    (947) 214-8966

    39 Total Sales

    1 in Chelsea

    $300,000 Price

    Susan Fletcher
     Section Image
See All Agents

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
$267,500 Liberty Title
$209,000 Liberty Title
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
Open $232,700
Closed $262,654
Previous Owner $167,200
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
09/30/2016 09/30/16 Sold $267,500 -0.9% $140 / Sq Ft
09/28/2016 09/28/16 Pending -- -- --
07/25/2016 07/25/16 For Sale $270,000 -- $141 / Sq Ft
Source: MichRIC

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
2026 $3,670 $179,300 $0 $0
2025 $3,670 $173,800 $0 $0
2024 $3,563 $176,900 $0 $0
2023 $3,394 $164,000 $0 $0
2022 $3,233 $157,600 $0 $0
2021 $5,916 $153,400 $0 $0
2020 $5,842 $147,100 $0 $0
2019 $5,703 $132,500 $132,500 $0
2018 $5,534 $117,800 $0 $0
2017 $0 $110,900 $0 $0
2016 $0 $97,633 $0 $0
2015 -- $97,341 $0 $0
2014 -- $92,800 $0 $0
2013 -- $92,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Klink Real Estate Agent - The Charles Reinhart Company

    Seller's Agent in 2016

    Jeff Klink

    The Charles Reinhart Company

    (734) 260-7483

    331 Total Sales

    Jeff Klink
    Section Image
  • Michelle Elie Real Estate Agent - The Charles Reinhart Company

    Buyer's Agent in 2016

    Michelle Elie

    The Charles Reinhart Company

    (734) 637-6376

    89 Total Sales

    Michelle Elie
    Section Image
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Map

Source: MichRIC

MLS Number: 23123017

MichRIC

APN: 07-07-330-007

Michigan Washtenaw County Chelsea 48118

503 Madison St, Chelsea, MI

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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