Seller's Agent in 2025
Jessica Butler
(812) 701-0002
115 in this area
165 Total Sales
727 W 3rd St Madison, IN 47250
7
Beds
10
Baths
6,684
Sq Ft
0.5
Acres
Highlights
- 3 Fireplaces
- Forced Air Heating and Cooling System
- Historic Home
- Shed
About This Home
As of November 2025OPPORTUNITY at a scale an investor can appreciate. If you are wanting rental investments, why not acquire 7 units? Madison has maintained rentals in this classic set of tri-plexes for 150+ years, and the owners of this property have made necessary updates, but want to let YOU carry this one forward. If you are seeking funds toward rehabbing the buildings, at this location there are two separate parcels, and therefore you could receive two grants. There is potential for historic contributions on the grounds of this property being a part of the Underground Railroad. The history is alleged, and at this time the listing agent does not have documentation of this history. The sale of this Real Estate is to be AS-IS, but buyers are welcome to thorough inspections.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,522
Year Built
- Built in 1840
Lot Details
- 0.5 Acre Lot
- Historic Home
Parking
- Off-Street Parking
Home Design
- Stone Foundation
Interior Spaces
- 6,684 Sq Ft Home
- 2-Story Property
- 3 Fireplaces
- Decorative Fireplace
- Basement
- Basement Cellar
Bedrooms and Bathrooms
- 7 Bedrooms
Outdoor Features
- Shed
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 390334444082
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 18, 2016
Sold by
Nehrt A
Bought by
Durant-Rason Rason and Durant-Rason Starr N
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $142,500 | Tradition Title Agency, Llc |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2025 11/05/25 | Sold | $300,000 | -24.8% | $45 / Sq Ft |
| 10/03/2025 10/03/25 | Pending | -- | -- | -- |
| 09/23/2025 09/23/25 | Price Changed | $399,000 | -13.1% | $60 / Sq Ft |
| 08/11/2025 08/11/25 | For Sale | $459,000 | -- | $69 / Sq Ft |
Source: Southern Indiana REALTORS® Association
Tax History Compared to Growth
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 | $2,646 | $126,000 | $7,600 | $118,400 |
| 2023 | $2,520 | $126,000 | $7,600 | $118,400 |
| 2022 | $2,372 | $118,600 | $7,600 | $111,000 |
| 2021 | $2,174 | $108,700 | $7,600 | $101,100 |
| 2020 | $2,094 | $104,700 | $7,600 | $97,100 |
| 2019 | $2,094 | $104,700 | $7,600 | $97,100 |
| 2018 | $2,094 | $104,700 | $7,600 | $97,100 |
| 2017 | $2,070 | $103,500 | $7,600 | $95,900 |
| 2016 | $2,070 | $103,500 | $7,600 | $95,900 |
| 2014 | $1,928 | $96,400 | $6,200 | $90,200 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Butler
-
John Demaree
Buyer's Agent in 2025
John Demaree
F.C. Tucker/Scott Lynch Group
(502) 514-3715
61 in this area
98 Total Sales
Map
Source: Southern Indiana REALTORS® Association
MLS Number: 2025010231
APN: 39-08-34-444-082-000-007
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