740 Michigan Rd Madison, IN 47250
Estimated payment $927/month
Total Views
1,960
1
Bed
1
Bath
832
Sq Ft
$204
Price per Sq Ft
Highlights
- Very Popular Property
- Wooded Lot
- Eat-In Kitchen
- Scenic Views
- First Floor Utility Room
- Shed
About This Home
Charming Remodeled Cottage Minutes from Historic Downtown Madison! Discover this beautifully remodeled cottage just moments from historic downtown Madison, Indiana, and the scenic Ohio River that winds along its edge. Madison, recently named the “#1 Best Small Town in the Midwest” for the second year in a row, offers a vibrant, bustling downtown filled with locally owned specialty shops, restaurants, cafés, bars and riverfront activities. With events and activities scheduled year-round, there’s always something to enjoy in this charming community. This updated cottage blends comfort, style, and convenience, making it an ideal full-time residence, weekend retreat, or investment opportunity. Madison continues to grow as a sought-after destination for short-term rentals, and this home could be the perfect addition to your portfolio. Don’t miss your chance to own a piece of this award-winning town! Call today to schedule your private showing!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $382
Year Built
- Built in 1970
Lot Details
- 0.65 Acre Lot
- Wooded Lot
Home Design
- Slab Foundation
Interior Spaces
- 832 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- First Floor Utility Room
- Scenic Vista Views
Kitchen
- Eat-In Kitchen
- Oven or Range
- Microwave
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Outdoor Features
- Shed
Utilities
- Air Source Heat Pump
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 390835334006000007
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 | $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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $169,500 | +36.7% | $204 / Sq Ft | |
| 05/19/2023 05/19/23 | Sold | $124,000 | -4.6% | $149 / Sq Ft | View Prior Sale |
| 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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $124,000 | 360 American Title Services | |
| Deed | $20,500 | -- |
Source: Public Records
About the Listing Agent
Chris' Other Listings
Source: Southern Indiana REALTORS® Association
MLS Number: 2025012621
APN: 39-08-35-334-006-000-007
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