NOT LISTED FOR SALE

927 W 1st St Madison, IN 47250

Estimated Value: $186,000 - $298,679

2 Beds
1.5 Baths
1,216 Sq Ft
$209/Sq Ft Est. Value

Last Sold March 20, 2024

Last sale price $317,500 $261 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $1,453/month

104 Days on Market

Highlights

  • No HOA
  • Central Air
  • Heat Pump System
  • Porch

About This Home

As of March 2024

Embrace the charm and vibrancy of downtown Madison with this unique opportunity to own the ''Pearl House.'' Situated in the heart of Madison, this homes is close to the festivals, shops, restaurants, and exciting events that this lively town has to offer. Perfect for investors or those seeking a shared vacation rental venture. Enjoy the view from the porch of this home. The Pearl House offers a covered 24x16 porch making it nice on those rainy days. Convenience at its best, these homes provide off-street parking, a valuable amenity in downtown Madison. ''Pearl House'' comes fully furnished with all furniture and appliances included, ensuring a seamless transition for new owners or continued success as AirBnBs. With 2 bedrooms and 1.5 baths, ''Pearl House'' offers a luxurious experience. The bathroom features a large walk-in shower and a separate tub for indulgent relaxation. This home provides a fantastic opportunity for generating consistent income as AirBnBs in Madison's bustling downtown scene. Act now to own a piece of Madison's downtown magic with this unique property listing. Ideal for investors, entrepreneurs, or anyone looking to make Madison their home.

Last Listed By

Jim Pruett

EXP Realty LLC License #191573 Listed on: 11/08/2023

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $549

Year Built

  • 1900

Lot Details

  • 6,098

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 391303124011000007
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$549

Year Built

1900

Lot Details

0

Listing Details

  • Cooling System: Central Air
  • Stories: 1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Garage Yn: No
  • Subdivision Name: NONE
  • Above Grade Finished Sq Ft: 704.0
  • ResoBuildingAreaSource: Other
  • Rooms:Living Room5: Yes
  • Primary Bedroom Level: First
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Special Features: None

Interior Features

  • Basement: Finished
  • Bedroom Level: Basement
  • Foyer Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Other Level: Basement
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 512.0
  • Total Bedrooms: 6
  • ResoLivingAreaSource: Other
  • Basement Finished: Yes
  • Other Rooms:Foyer: Yes

Exterior Features

  • Fencing: None
  • Roof: Shingle
  • Acres: 0.14
  • Construction Type: Vinyl Siding
  • Exterior Features: See Remarks
  • Patio And Porch Features: Porch
  • Patio and Porch Features:Porch2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street, Off Street
  • GarageParking:Off-Street Parking: Yes

Utilities

  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 391303124011000007
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built (Public Record): 54

Tax Info

  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
Mar 20, 2024
Sold by
Mpp Rentals Llc
Bought by
Krenke Baarbara
Seller's Agent
Jim Pruett
EXP Realty LLC
Buyer's Agent
NON MEMBER
NON-MEMBER OFFICE
List Price
$595,000
Sold Price
$317,500
Premium/Discount to List
-$277,500
-46.64%
Total Days on Market
104
Views
309
Current Estimated Value
$253,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,830
Avg. Annual Appreciation
-18.01%

Purchase Details

Closed on
Jun 5, 2019
Bought by
Mpp Rentals Llc

Purchase Details

Closed on
Mar 4, 2013
Sold by
Gupta Vinod C
Bought by
Singleton Tammy

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
Krenke Baarbara $317,500 Jefferson County Land Title
Mpp Rentals Llc $47,000 --
Singleton Tammy $14,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2024 03/20/24 Sold $317,500 -9.0% $261 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
02/20/2024 02/20/24 Price Changed $349,000 -41.3% $287 / Sq Ft
11/08/2023 11/08/23 For Sale $595,000 -- $489 / Sq Ft
Source: Metro Search (Greater Louisville Association of REALTORS®)

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 $549 $70,400 $3,600 $66,800
2023 $1,408 $70,400 $3,600 $66,800
2022 $840 $42,000 $3,600 $38,400
2021 $776 $38,800 $3,600 $35,200
2020 $770 $38,500 $3,600 $34,900
2019 $293 $38,500 $3,600 $34,900
2018 $282 $38,500 $3,600 $34,900
2017 $303 $42,200 $3,600 $38,600
2016 $290 $42,200 $3,600 $38,600
2014 $259 $38,300 $3,700 $34,600
Source: Public Records

Agents Affiliated with this Home

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Source: Metro Search (Greater Louisville Association of REALTORS®)

MLS Number: 1649368

Metro Search (Greater Louisville Association of REALTORS®)

APN: 39-13-03-124-011-000-007