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231 S Main St, Madisonville, KY, 42431

11beds
9baths
4,534sqft
$625,000
$138price/sqft
$4,737/moest. monthly cost
$189,480/yrincome needed

About This Home

Once known as the Dulin Home, this iconic property now shines as Madison on Main. With 11 bedrooms, 8.5 bathrooms, and 3 expansive levels of living space, this historic gem offers room to dream big. Original leaded glass windows, rich woodwork, and soaring ceilings speak to the home's timeless character. Charming built-ins blend beautifully with modern comforts, creating a space that's as functional as it is full of personality. A highlight of the home is it's music room featuring a cove ceiling, designed for optimal acoustics. Situated on a prime downtown lot, you'll love the large front porch and hard-to-find additional parking. Currently operating as a successful Airbnb, the home features seven uniquely themed Kentucky suites, and was recently the set for a movie filmed in town. Sold fully furnished and ready for its next chapter, this property is ideal as a turn-key rental, boutique inn, or stunning private residence. Endless potential, unmatched location—call Sara Spencer today!

Getting Around

65
WalkingSomewhat Walkable
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1909

Materials

  • Foundation: Block
  • Roof: Composition
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Tankless Water Heater,Dishwasher,Dryer,Disposal,Microwave,Electric Range,Refrigerator,Trash Compactor,Washer
  • Laundry features: Main Level,Upper Level

Basement

  • Has basement: Yes
  • Basement: Unfinished,Walk-Out Access,Sump Pump

Bathroom

  • Level: Main,Upper

Bedroom

  • Level: Main,Upper

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 9
  • Full bathrooms: 8
  • 1/2 bathrooms: 1
  • Main level bathrooms: 3
  • Main level bedrooms: 3

Family Room

  • Level: Upper

Features

  • Ceiling Fan(s),Crown Molding,Kitchen Island,Pantry,Walk-In Closet(s)
  • Window features: Double Pane Windows,Storm Window(s),Curtains
  • Flooring: Hardwood,Tile
  • Number of fireplaces: 2
  • Fireplace features: 2,Decorative
  • Fireplace: Yes
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Natural Gas
  • Cooling features: Central Electric

Interior Area

  • Total structure area: 4,534
  • Total interior livable area: 4,534 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Details

  • Parcel number: M3333

Features

  • Levels: Two
  • Patio & porch: Porch-Covered

Lot

  • Lot size: 0.72 Acres
  • Features: Landscaped
  • Lot size dimensions: 0.72

Parking

  • Parking features: Attached,Carport,Blacktop
  • Has garage: Yes
  • Has uncovered spaces: Yes
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormVery High
  • Earthquake
    EarthquakeRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Ice Storm
Earthquake
Lightning
Strong Wind
Tornado
Winter Weather
Hail
Heat Wave

FEMA Declared Disasters Across Kentucky Counties

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,160$37,920
Home Insurance *$694$8,328
Property Taxes $525$6,300
Electricity $358$4,296
Total$4,737$56,844
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$162,411/yr
40% on housing$142,110/yr
45% on housing$126,320/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.0%
8.0%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$138This listing

vs Other Active Listings

Avg $/sqft

ZIP 42431$108
Hopkins County$112

vs Homes Sold Last Month

Median $/sqft

ZIP 42431$114
Hopkins County$110

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Listed for sale$625,000
2026-02-10Listing removed$650,000
2026-01-14Price change$650,000
2025-08-09Listed for sale$675,000
2022-09-30Listing removed--
2022-08-25Listed for sale$799,000
2021-05-17Sold$319,000
2021-03-03Listed for sale$319,900
2017-01-01Listing removed$292,900
2016-09-30Listed for sale$292,900
2010-03-16Sold$15,000

For Sale by Agent

AgentSara Spencer
BrokerageHaven Realty, LLC

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