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(SOLD) $400,000

623 E First Street Madison, IN  47250

  • 3 Beds
  • 2 Baths
  • 2,788 sq. Ft

Property Description for 623 E First Street Madison, IN 47250

This stunning piece of downtown Madison is something you must see! It is an all-brick home in a quiet portion of the bridge-district, on 1st Street. The location is unique and amazing. The home offers 3 spacious bedrooms, and two full bathrooms. The home has a dramatic foyer with a spectacular amount of natural sunlight. The original windows to the home have their 19th century waviness, and are expansive. The hard wood flooring through the main floor and of each staircase has been fully restored, and offers patterns of artistic carpentry. The entrance and front steps are welcoming. This home offers a full cellar area that has tremendous functionality and dry supplementary space. Upstairs, there is a classic and tranquil upper side-porch. The outdoors is a large side-yard, the house being built to the corner. The wrought iron fencing and gates are likely original and are very attractive. This home is a must see in downtown Madison!!

Address:623 E First Street Madison IN 47250
Status:Sold
Sold On: 8/16/2024
Price:$400,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:2,788
Year Built:1850
Lot Size:0.20
County: Jefferson_IN
Township: Madison
MLS #:202409451
Property Type:Residential

Lot Dimensions:8712
Road Surface:Paved
Lot Features:CornerLot
Zoning:Historic District
Water Source:Connected, Public
Directions:From Madison, City Hall, head east on Main Street for six blocks. Take a right on Baltimore Street. The home is in two blocks on the right hand corner.
Upper Level Sq. Ft. :2,788
Total Sq. Ft. :2,788
Sq. Ft. Source:Assessor
Basement:Yes

Loan Price
$2,437
Price And Interest $2,087/month
Property Tax $183/month
MTG INS $0/month
HOME INS $167/month
Price
$400,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$183/month
Home Owner Insurance
$2,004 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$1,101
Mandatory HOA Fee:$

Area: Downtown
City:Madison
Zip Code:47250

Total Sq. Ft.:2,788
Interior Features:UtilityRoom
Appliances:Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, WaterSoftener, Washer
Porch / Patio:Balcony, Covered, Porch
Exterior Features:Balcony, Porch
Exterior Type:Brick
Fireplace(s):Decorative
Cool:CentralAir
Heat:ForcedAir
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Jessica Butler with Coldwell Banker Harrell & Asso

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Madison Market Report

145
Avg. DOM
$205.4
Avg. $ / Sq.Ft.
$ 277,000
Med. List Price

The house prices in Madison are not dropping at the moment. There has been a increase in price of $143,000.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Madison are going Up. The average house price is $242,450.00 and the average price per square feet is $197.29 per square feet. At the moment, the amount of homes listed is exactly 73 houses, with 20 with active status, 8 with pending status and 45 sold in Madison .

The most popular place to buy a home in Madison is 12-Other Counties. 12-Other Counties is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Madison .

The average amount of property taxes you would have to pay for a home in Madison is $1,175.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Madison are staying listed for an average of 87 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Madison was 5476 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Madison is $810,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Madison is $85,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Madison in year 1833 and the newest built house is in year 9999.

The average size of properties in Madison is 1781.7 sq.ft. , the biggest one being 3986 sq.ft. and the smaller being 600 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.