NOT LISTED FOR SALE

505 W Main St Madison, IN 47250

Estimated Value: $400,000 - $528,000

3 Beds
2.5 Baths
3,175 Sq Ft
$153/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $439,000 $138 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,082/month

11 Days on Market

Highlights

  • Hydromassage or Jetted Bathtub
  • Den
  • First Floor Utility Room
  • 6 Fireplaces
  • Covered patio or porch
  • 5-minute walk to Madison Park Department

About This Home

As of November 2023

Beautifully Updated Federal Home Located in the Heart of Madison. Large entry hallway with open staircase. Double Parlor with matching Chandeliers and Fireplaces. Divided by Architectural Columns. Additional columns accent other rooms of the home. Great cabinet space in kitchen with all appliances included, coffee bar, breakfast bar, granite countertops, subway glass tile back splash and original poplar floor. Den/Office overlooks back brick patio and landscaping. Main Bedroom has walk-in 15 x 6 closet. Third Bedroom with sitting area has separate entrance for fourth bedroom or office. Back staircase. Two basement entrances. Outside entrance to large storage room. Covered back porch and fenced back yard for entertaining. This move in ready historical home shows pride of ownership and detail to improvements as attached list shows.

Last Agent to Sell the Property

Brenda Eversole

Century 21 River Valley License #RB14017424 Listed on: 10/20/2023

Century 21 River Valley

Last Buyer's Agent

Brenda Eversole

Century 21 River Valley License #RB14017424 Listed on: 10/20/2023

Century 21 River Valley

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,996

Year Built

  • Built in 1849

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 31 x 108
  • Fenced Yard
  • Landscaped
  • Property is zoned Historic District

Home Design

  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 3,175 Sq Ft Home
  • 2-Story Property
  • Built-in Bookshelves
  • Ceiling Fan
  • 6 Fireplaces
  • Gas Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • First Floor Utility Room
  • Storage
  • Utility Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Hydromassage or Jetted Bathtub
  • Ceramic Tile in Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available
  • Natural Gas Water Heater
  • Water Softener

Listing and Financial Details

  • Assessor Parcel Number 391302223028000007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,996

Year Built

Built in 1849

Lot Details

0

Listing Details

  • Improvements: 195700
  • Annual Tax: 1996
  • Appointment: 24 Hour Notice
  • Construction: Frame On-Site
  • Foundation: Rock
  • Land Assessment: 3900
  • Legal Description: Being a part of Lot No 153 Addition West to the City of Madison
  • Lot Dimensions: 31 x 108
  • Numof Fireplaces: 6
  • Parcel Number: 391302223028000007
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 199600
  • Total Deduction Amnt: 99110
  • Total Finished Square Footage: 3175
  • Type: 2 Story
  • Year Built: 1849
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Full
  • Above Grade Finished Sq Ft: 3175.00
  • Appliances: Dishwasher, Disposal, Microwave, Range / Oven, Refrigerator, Water Softener
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Fireplace: Gas Burning
  • Interior Amenities: 1st Floor Utility, Added Storage, Bath Master, Breakfast Bar, Built-In Bookcase, Ceiling Fan(s), Ceramic Bath, Den/Office, Family Room, Formal Dining Rm, Foyer, Jetted Tub, Sump Pump, Utility/Mud Room
  • Lot Sq Ft: 3484.80
  • Room Count: 15
  • Sewer Type: Sewer
  • Total Sq Ft: 3175
  • Total Rooms: 12

Exterior Features

  • Exterior Features: Covered Porch, Fenced Yard, Landscaped, Patio, Public Sidewalk

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Gas
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.0800
  • Zoning: Residential, Historic District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Nov 22, 2023
Sold by
Mckay Steven W
Bought by
Lowenfield Rhonda T
Seller's Agent
Brenda Eversole
Century 21 River Valley
Buyer's Agent
Brenda Eversole
Century 21 River Valley
List Price
$449,900
Sold Price
$439,000
Premium/Discount to List
-$10,900
-2.42%
Views
42
Current Estimated Value
$484,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,750
Avg. Annual Appreciation
-0.63%

Purchase Details

Listed on
Feb 28, 2018
Closed on
Jul 16, 2018
Bought by
Mckay Steven W and Heitz Lynn
Seller's Agent
Brenda Eversole
Century 21 River Valley
Buyer's Agent
Patrick Lynch
F.C. Tucker/Scott Lynch Group
List Price
$314,900
Sold Price
$276,000
Premium/Discount to List
-$38,900
-12.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lowenfield Rhonda T $439,000 Jefferson County Land Title
Mckay Steven W $276,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2023 11/22/23 Sold $439,000 -2.4% $138 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $449,900 +63.0% $142 / Sq Ft
07/16/2018 07/16/18 Sold $276,000 -12.4% $87 / Sq Ft
06/19/2018 06/19/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $314,900 -- $99 / 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 $4,848 $242,400 $3,900 $238,500
2023 $2,273 $227,300 $3,900 $223,400
2022 $1,996 $199,600 $3,900 $195,700
2021 $1,885 $188,500 $3,900 $184,600
2020 $1,827 $182,700 $3,900 $178,800
2019 $1,827 $182,700 $3,900 $178,800
2018 $1,827 $182,700 $3,900 $178,800
2017 $3,616 $180,800 $3,900 $176,900
2016 $1,808 $180,800 $3,900 $176,900
2014 $1,605 $160,500 $4,700 $155,800
Source: Public Records

Agents Affiliated with this Home

  • Brenda Eversole

    Seller's Agent in 2023

    Brenda Eversole

    Century 21 River Valley

    (812) 701-3006

    73 Total Sales

    Section Image
  • Patrick Lynch

    Buyer's Agent in 2018

    Patrick Lynch

    F.C. Tucker/Scott Lynch Group

    (812) 701-0077

    97 Total Sales

    Section Image
See All Agents

Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2023011264

Southern Indiana REALTORS® Association

APN: 39-13-02-223-028-000-007

Indiana Jefferson County Madison 47250

505 W Main St, Madison, IN

This home is located at 505 W Main St, Madison, IN 47250 since 20 October 2023 and is currently estimated at $484,750, approximately $152 per square foot. This property was built in 1849. 505 W Main St is a home located in Jefferson County with nearby schools including Madison Consolidated High School, Pope John Xxiii Elementary School, and Pope John Xxiii School.

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.

Southern Indiana REALTORS® Association IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.

Nearby Homes