NOT LISTED FOR SALE

740 Michigan Rd Madison, IN 47250

Estimated Value: $145,376 - $165,000

1 Bed
1 Bath
832 Sq Ft
$183/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $124,000 $149 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $840/month

95 Days on Market

Highlights

  • City Lights View
  • First Floor Utility Room
  • Shed
  • Main Floor Primary Bedroom
  • Eat-In Kitchen
  • 1-Story Property

About This Home

As of May 2023

UPGRADED ELECTRICAL! If you want a piece of downtown, but are not looking for a 19th Century building, this property may be for you. Offering a single bedroom, this property is at the foot of Michigan Hill and can easily provide accommodations to downtown attractions. Move-in-ready or ready for an easy redesign. This footprint is simply easy, CHECK IT OUT!

Last Agent to Sell the Property

Jessica Butler

License #RB18001702 Listed on: 12/31/2022

Last Buyer's Agent

OUTSIDE AGENT

OUTSIDE COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $279

Year Built

  • Built in 1970

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 94x300

Parking

  • Off-Street Parking

Property Views

  • City Lights
  • Scenic Vista

Home Design

  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 832 Sq Ft Home
  • 1-Story Property
  • First Floor Utility Room
  • Storage
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Shed

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 390835334006000007

Home Details

Home Type

Single Family

Est. Annual Taxes

$279

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Improvements: 29600
  • Additional Parking: Off Street
  • Annual Tax: 279
  • Appointment: Mandatory
  • Construction: Existing
  • Foundation: Slab
  • Land Assessment: 16400
  • Legal Description: 011-02975-00 BLK Z L & S ADD N 11-113-13 740 Michigan Rd
  • Lot Dimensions: 94x300
  • Open House Count: 1
  • Out Buildings: Shed
  • Parcel Number: 390835334006000007
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Subdivision Yn: Yes
  • Total: 46000
  • Total Deduction Amnt: 37040
  • Total Finished Square Footage: 832
  • Type: 1 Story
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Above Grade Finished Sq Ft: 832.00
  • Appliances: Clothes Dryer, Clothes Washer
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 1
  • Interior Amenities: 1st Floor Master, 1st Floor Utility, Added Storage, Eat-In Kitchen
  • Lot Sq Ft: 28314.00
  • Room Count: 4
  • Sewer Type: Sewer
  • Total Sq Ft: 832
  • Total Rooms: 4

Exterior Features

  • Exterior Features: Wood
  • Road Frontage: 94

Utilities

  • Cooling Type: Window A/C Unit(s)
  • Fuel Type: Electric
  • Heat Type: Baseboard
  • Water Type: Public Onsite

Schools

  • School District: Madison Cons.

Lot Info

  • Acres: 0.6500
  • Lot Description: City Lights View, Scenic View
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2022
Closed on
May 19, 2023
Sold by
Messmore Glenda
Bought by
Bussolati Jakob T
Seller's Agent
Jessica Butler
Buyer's Agent
OUTSIDE AGENT
OUTSIDE COMPANY
List Price
$130,000
Sold Price
$124,000
Premium/Discount to List
-$6,000
-4.62%
Views
580
Current Estimated Value
$151,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,844
Avg. Annual Appreciation
8.85%

Purchase Details

Closed on
Oct 5, 2012
Sold by
Bethany
Bought by
Link Ludington
Source: Public Records

Range of Values:

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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
Bussolati Jakob T $124,000 360 American Title Services
Link Ludington $20,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2023 05/19/23 Sold $124,000 -4.6% $149 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $130,000 0.0% $156 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
12/31/2022 12/31/22 For Sale $130,000 -- $156 / 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 $383 $49,100 $16,400 $32,700
2023 $371 $49,100 $16,400 $32,700
2022 $974 $48,700 $16,400 $32,300
2021 $279 $46,000 $16,400 $29,600
2020 $274 $46,000 $16,400 $29,600
2019 $262 $46,000 $16,400 $29,600
2018 $278 $49,500 $16,400 $33,100
2017 $980 $49,000 $16,400 $32,600
2016 $980 $49,000 $16,400 $32,600
2014 $968 $48,400 $16,400 $32,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2022013938

Southern Indiana REALTORS® Association

APN: 39-08-35-334-006-000-007