NOT LISTED FOR SALE

623 E 1st St Madison, IN 47250

Estimated Value: $421,000 - $494,000

3 Beds
2 Baths
2,788 Sq Ft
$163/Sq Ft Est. Value

Last Sold September 19, 2025

Last sale price $479,000 $172 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,603/month

3 Days on Market

Highlights

  • Attic
  • Corner Lot
  • First Floor Utility Room
  • 4 Fireplaces
  • Covered Patio or Porch
  • Formal Dining Room

About This Home

As of September 2025

WOW!! This classic federal style home, built in 1840, is a classic property within the nation’s most large historic district. The home is of significance with its architectural integrity, and a lover of the community does not want to miss the opportunity at her! This stunning piece of downtown Madison is all-brick and in a quiet portion of the bridge-district, on 1st Street. The location is unique and amazing. The home offers 3 spacious bedrooms, and two full bathrooms. The home has a dramatic foyer with a spectacular amount of natural sunlight, truly unique! The original windows to the home have their 19th century waviness, and are expansive. The hard wood flooring through the main floor and of each staircase has been fully restored, and offers patterns of artistic carpentry. The entrance and front steps are welcoming to each the side and front porches. This home offers a full cellar area that has tremendous functionality and dry supplementary space. Upstairs, there is a classic and tranquil upper side-porch. The outdoor area offers a large side-yard, the house being built to the corner. The home offers a custom eat-in kitchen. This home is a must see in downtown Madison!!

Last Agent to Sell the Property

Jessica Butler

License #RB18001702 Listed on: 08/14/2025

Last Buyer's Agent

Scott Lynch

F.C. Tucker/Scott Lynch Group License #RB14019761

F.C. Tucker/Scott Lynch Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,666

Year Built

  • Built in 1840

Lot Details

  • 7,301 Sq Ft Lot
  • Corner Lot

Parking

  • On-Street Parking

Interior Spaces

  • 2,788 Sq Ft Home
  • 2-Story Property
  • 4 Fireplaces
  • Decorative Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • First Floor Utility Room
  • Basement
  • Basement Cellar
  • Attic

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 0110364500

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,666

Year Built

Built in 1840

Lot Details

0

Listing Details

  • Additional Parking: On Street
  • Annual Tax: 2666
  • Appointment: Mandatory
  • Construction: Existing
  • Legal Description: 011-03645-00 731/2 FT BY 100 FT LOT 6 BLK 5 MCI ADD E 11-125-79 = 623 E FIRST ST
  • Numof Fireplaces: 4
  • Parcel Number: 0110364500
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Subdivision Yn: Yes
  • Total Finished Square Footage: 2788
  • Type: 2 Story
  • Year Built: 1840
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Cellar
  • Above Grade Finished Sq Ft: 2788.00
  • Appliances: Dishwasher, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Fireplace: Decorative
  • Interior Amenities: 1st Floor Utility, Eat-In Kitchen, Family Room, Formal Dining Rm, Foyer, Attic
  • Lot Sq Ft: 7300.66
  • Sewer Type: Sewer
  • Total Sq Ft: 2788

Exterior Features

  • Exterior Features: Balcony, Covered Patio, Covered Porch, Porch, Public Sidewalk
  • Road Frontage: 174

Utilities

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

Lot Info

  • Acres: 0.1676
  • Lot Description: Corner Lot
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
Aug 16, 2024
Sold by
Frieske April R Trust
Bought by
Garrett Melinda
Seller's Agent
Jessica Butler
Buyer's Agent
Jessica Butler
List Price
$412,000
Sold Price
$400,000
Premium/Discount to List
-$12,000
-2.91%
Views
2
Current Estimated Value
$454,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,421
Avg. Annual Appreciation
9.91%

Purchase Details

Closed on
Feb 19, 2024
Sold by
Frieske April R
Bought by
April R Rrieske Trustee Of The April R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garrett Melinda $400,000 Madison Land Title
April R Rrieske Trustee Of The April R -- Pitt & Emison Estate Planning
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/19/2025 09/19/25 Sold $479,000 0.0% $172 / Sq Ft
08/17/2025 08/17/25 Pending -- -- --
08/14/2025 08/14/25 For Sale $479,000 +19.8% $172 / Sq Ft
08/16/2024 08/16/24 Sold $400,000 -2.9% $143 / Sq Ft View Prior Sale
07/18/2024 07/18/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $412,000 -- $148 / 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 $2,666 $266,600 $8,800 $257,800
2023 $2,502 $250,200 $8,800 $241,400
2022 $2,315 $231,500 $8,800 $222,700
2021 $2,201 $220,100 $8,800 $211,300
2020 $2,135 $213,500 $8,800 $204,700
2019 $2,135 $213,500 $8,800 $204,700
2018 $2,135 $213,500 $8,800 $204,700
2017 $2,108 $210,800 $8,800 $202,000
2016 $2,108 $210,800 $8,800 $202,000
2014 $1,638 $163,800 $7,200 $156,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2025010326

Southern Indiana REALTORS® Association

APN: 39-13-02-142-048-000-007