NOT LISTED FOR SALE

423 W Main St Madison, IN 47250

Estimated Value: $472,000 - $515,729

5 Beds
4 Baths
8,996 Sq Ft
$55/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $400,000 $44 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,783/month

546 Days on Market

Highlights

  • Recreation Room
  • Corner Lot
  • Covered patio or porch
  • 5 Fireplaces
  • Den
  • Balcony

About This Home

As of October 2021

Second Story Living over 4400 sq ft of main floor designated in the specialty district of Historic Madison. Originally two homes which gives the main floor the flexibly for many uses. History shows address 423 and 425 Main. 425 through the years was a drug store, doctors office, grocery and first Madison Library. The two homes were combined in the late 60's. Front and side door entrances. Fourth generation of ownership dating back to the 1920's. Open floor plan for kitchen, family and living and dining combination. Two Additional rooms unfinished for additional living. Amazing outdoor living space with rooftop living, covered patio, large bar, dining area and garden space. Possession 45 days after closing. Also listed in Commercial MLS 2019012262.

Last Listed By

Brenda Eversole

Century 21 River Valley License #RB14017424 Listed on: 11/22/2019

Century 21 River Valley

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,426

Year Built

  • Built in 1835

Lot Details

  • 2,178 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Garden
  • Property is zoned Specialty District

Parking

  • 4 Car Attached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 8,996 Sq Ft Home
  • 2-Story Property
  • 5 Fireplaces
  • Wood Burning Fireplace
  • Decorative Fireplace
  • Entrance Foyer
  • Family Room
  • Den
  • Recreation Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Balcony
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 391302223003001007

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,426

Year Built

Built in 1835

Lot Details

0

Parking

4

Listing Details

  • Improvements: 272900
  • Additional Parking: Off Street
  • Additional Assessor Parcel Numbers: 391302223300300007
  • Annual Tax: 7426
  • Appointment: 24 Hour Notice
  • Construction: Frame On-Site
  • Foundation: Rock
  • Land Assessment: 18400
  • Legal Description: 011-03395-99 PT LOT 154 2ND ADD W 11-120-10 423 W MAIN ST
  • Numof Fireplaces: 5
  • Parcel Number: 391302223003001007
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 291300
  • Total Deduction Amnt: 38406
  • Total Finished Square Footage: 8996
  • Type: 2 Story
  • Year Built: 1835
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Full, Outside Entrance, Unfinished
  • Above Grade Finished Sq Ft: 8996.00
  • Appliances: Dishwasher, Microwave, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Fireplace: Decorative, Woodburning
  • Interior Amenities: Breakfast Bar, Den/Office, Family Room, Foyer, Rec Room
  • Lot Sq Ft: 2178.00
  • Room Count: 9
  • Sewer Type: Sanitary Onsite
  • Total Sq Ft: 8996
  • Total Rooms: 9

Exterior Features

  • Exterior Features: Balcony, Covered Patio, Landscaped, Paved Driveway

Garage/Parking

  • Garage Type: Attached
  • Garage Spaces: 4
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Nat Gas
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Schools

  • School District: Madison Cons.

Lot Info

  • Acres: 0.0500
  • Lot Description: Corner Lot, Garden Area
  • Zoning: Specialty District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2019
Closed on
Oct 12, 2021
Sold by
Trevor Lytle Markt
Bought by
Rutherford Kathryn R
Seller's Agent
Brenda Eversole
Century 21 River Valley
Buyer's Agent
Brenda Eversole
Century 21 River Valley
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Total Days on Market
546
Current Estimated Value
$493,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,865
Avg. Annual Appreciation
6.12%

Range of Values:

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Average Value
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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
Rutherford Kathryn R $400,000 Madison Land Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2021 10/12/21 Sold $400,000 -11.1% $44 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $450,000 +12.5% $50 / Sq Ft
01/01/2021 01/01/21 Off Market $400,000 -- --
07/16/2020 07/16/20 Price Changed $450,000 -5.3% $50 / Sq Ft
11/22/2019 11/22/19 For Sale $475,000 -- $53 / 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 $384 $12,800 $12,800 $0
2023 $384 $12,800 $12,800 $0
2022 $384 $12,800 $12,800 $0
2021 $384 $12,800 $12,800 $0
2020 $384 $12,800 $12,800 $0
2019 $375 $12,800 $12,800 $0
2018 $360 $12,800 $12,800 $0
2017 $353 $12,800 $12,800 $0
2016 $338 $12,800 $12,800 $0
2014 $333 $12,800 $12,800 $0
Source: Public Records

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Source: Southern Indiana REALTORS® Association

MLS Number: 2019012280

Southern Indiana REALTORS® Association

APN: 39-13-02-223-003-001-007