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$444,500

702 W Main Street Madison, IN  47250

  • 3 Beds
  • 4 Baths
  • 2,912 sq. Ft

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Property Description for 702 W Main Street Madison, IN 47250

Great opportunity to own a busy corner brick building of Historic downtown Madison which was recognized as "Best Small Town in the Midwest" Two story live work space with inviting wrought iron corner entry to commercial/specialty district downstairs area and private entrance to upstairs living which features living, dining, bedroom and bath. Appliances included in upstairs apartment which also includes washer and dryer. Upstairs and downstairs have been totally remodeled. Endless possibilities for the two-story part of the building whether as retail, professional office or two apartments totaling 2016 Sq Ft. Two one-bedroom apartments located on the first floor single story part of the building with appliances included. Units on month to month with the new owner's ability to adjust or use the space to their professional needs. Located in walking distance to all the amenities downtown Madison has to offer including our beautiful Ohio River walk.

Address:702 W Main Street Madison IN 47250
Status:Active
on site: 53 days
Price:$444,500
Bedrooms:3 Beds
Bathrooms:3 Full Baths, 1 Half Baths
Sq. Feet:2,912
Year Built:1900
Lot Size:0.50
County: Jefferson_IN
Township: Madison
MLS #:2024011848
Property Type:Residential

Lot Dimensions:21780
Lot Features:CornerLot
Zoning:Historic District, Special
Water Source:Connected, Public
Directions:Main Street to Mill. corner of Mill and Main.
Upper Level Sq. Ft. :2,912
Total Sq. Ft. :2,912
Sq. Ft. Source:Assessor
Basement:Yes

Loan Price
$2,713
Price And Interest $2,319/month
Property Tax $209/month
MTG INS $0/month
HOME INS $185/month
Price
$444,500
Down Payment %
0 %
Down Payment
$0
Property Taxes
$209/month
Home Owner Insurance
$2,220 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$1,253
Mandatory HOA Fee:$

Area: Downtown
City:Madison
Zip Code:47250

Total Sq. Ft.:2,912
Interior Features:CeramicBath, EatInKitchen, OpenFloorplan
Appliances:Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
Exterior Type:Brick
Fireplace(s):Decorative
Cool:CentralAir, HeatPump
Heat:ForcedAir
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Brenda Eversole with Century 21 River Valley

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

237
Avg. DOM
$184.74
Avg. $ / Sq.Ft.
$ 280,000
Med. List Price

The house prices in Madison are indeed dropping at the moment. There has been a decrease in price of $114,716.67. 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 Down. The average house price is $310,000.00 and the average price per square feet is $177.29 per square feet. At the moment, the amount of homes listed is exactly 44 houses, with 16 with active status, 5 with pending status and 23 sold in Madison .

The most popular place to buy a home in Madison is 13-Indiana. 13-Indiana 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 $1,346.67. 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 83 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 2483 minutes ago.

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

The cost of the most expensive home in Madison is $798,000.00. 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 2068.81 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.