708 E Main St Madison, IN 47250
Estimated payment $5,087/month
Total Views
587
5
Beds
5.5
Baths
4,404
Sq Ft
$182
Price per Sq Ft
Highlights
- Main Floor Primary Bedroom
- 8 Fireplaces
- Covered Patio or Porch
- Attic
- Den
- First Floor Utility Room
About This Home
CIRCA 1840'S HISTORIC HOME - Step into history with this stunning home, located in the heart of historic downtown Madison, Indiana. Currently operating as the successful Iron Gate Inn Bed & Breakfast, this property offers an extraordinary opportunity to own a piece of Madison’s heritage while continuing a thriving business or enjoying as an exquisite private residence. Inside, the home showcases a grand parlor with soaring 13-foot ceilings, 11-foot Jefferson windows, and an original stamped tin ceiling. Four original gas lamps, converted to electric—including three depicting the Ages of Man—illuminate the history and artistry of the home. With 8 fireplaces, inlaid wood floors, a graceful foyer, elegant double covered side porches, a large updated eat-in kitchen, and a formal dining room, the home is designed for both beauty and function. The property features 5 spacious bedrooms and 5.5 bathrooms—all of the bedrooms each include their own private bath—making it ideal for hosting guests or extended family. The finished attic space can be used as an additional bedroom/office/craft room or storage. The attached carriage house still functions as a garage, and the brick patio and lovely gardens provide serene outdoor living spaces. This is more than a home—it’s a legacy. Whether you choose to continue operating it as a proven Bed & Breakfast or transform it into a private estate, this remarkable property offers history, charm, and modern functionality in one.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,752
Year Built
- Built in 1845
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 49x168
- Fenced Yard
- Landscaped
- Historic Home
Parking
- 1 Car Attached Garage
- Driveway
- On-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Wood Trim
Interior Spaces
- 4,404 Sq Ft Home
- 2-Story Property
- Built-in Bookshelves
- Ceiling Fan
- 8 Fireplaces
- Decorative Fireplace
- Entrance Foyer
- Family Room
- Formal Dining Room
- Den
- First Floor Utility Room
- Storage
- Utility Room
- Unfinished Basement
- Partial Basement
- Attic
Kitchen
- Eat-In Kitchen
- Oven or Range
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
Laundry
- Dryer
- Washer
Outdoor Features
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Gas Available
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 391302113036000007
Map
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Home Values in the Area
Average Home Value in this Area
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 | $8,336 | $416,800 | $7,600 | $409,200 |
| 2023 | $8,336 | $416,800 | $7,600 | $409,200 |
| 2022 | $7,824 | $391,200 | $7,600 | $383,600 |
| 2021 | $7,200 | $360,000 | $7,600 | $352,400 |
| 2020 | $3,373 | $337,300 | $7,600 | $329,700 |
| 2019 | $3,373 | $337,300 | $7,600 | $329,700 |
| 2018 | $3,373 | $337,300 | $7,600 | $329,700 |
| 2017 | $3,334 | $333,400 | $7,600 | $325,800 |
| 2016 | $3,334 | $333,400 | $7,600 | $325,800 |
| 2014 | $2,709 | $270,900 | $7,800 | $263,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | For Sale | $799,900 | +100.0% | $182 / Sq Ft |
| 10/29/2020 10/29/20 | Sold | $400,000 | -13.0% | $91 / Sq Ft |
| 08/21/2020 08/21/20 | Pending | -- | -- | -- |
| 06/08/2020 06/08/20 | For Sale | $459,900 | -- | $104 / Sq Ft |
Source: Southern Indiana REALTORS® Association
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $430,000 | -- |
Source: Public Records
Similar Homes in Madison, IN
Source: Southern Indiana REALTORS® Association
MLS Number: 2025010435
APN: 39-13-02-113-036-000-007
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.
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.
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