518 Jefferson Street, Madison, IN, 47250
About This Home
Fully renovated historic Federal-style brick home located in downtown Madison. This two-story property offers 4 bedrooms and 2.5 bathrooms and blends timeless character with modern updates. Features include a spacious open kitchen with new cabinetry, stainless steel appliances, center island with breakfast bar, coffee bar, and butler’s pantry. Main level includes living room, flex room that offers the potential for a main level bedroom or office, powder room, and large laundry room with sink. Home showcases three decorative fireplaces and a primary suite with ensuite bath featuring double vanity and tiled shower. Enjoy a private fenced backyard, detached 2-car garage, and cellar for storage. Located in the heart of historic downtown near local shops and dining.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Foundation: Cellar
- Roof: Shingle
- Construction materials: Brick,Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Oven,Range,Refrigerator
- Laundry features: Main Level,Laundry Room
Basement
- Has basement: Yes
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Breakfast Bar,Ceiling Fan(s),Eat-in Kitchen,Kitchen Island,Pantry,Utility Room,Walk-In Closet(s)
- Number of fireplaces: 3
- Fireplace features: Decorative
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 2,652
Half Bath
- Level: First
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 2,652
- Total interior livable area: 2,652 sqft
Kitchen
- Level: First
Living Room
- Level: First
Master Bedroom
- Level: Second
Other
- Level: Second
Other
- Level: First
Other
- Level: First
Other
- Level: First
Property
Details
- Parcel number: 391302122017000007
- Zoning: Residential
- Zoning description: Residential
Features
- Levels: Two
- Stories: 2
- Exterior features: Fence
- Fencing: Yard Fenced
- Has view: Yes
- View description: City
Lot
- Lot size: 3,484 sqft
Parking
- Total spaces: 2
- Parking features: Detached,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Inland Flooding
- Strong Wind
- Tornado
- Ice Storm
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,794 | $21,528 |
| Home Insurance * | $239 | $2,868 |
| Property Taxes | $537 | $6,444 |
| Electricity | $243 | $2,917 |
| Total | $2,813 | $33,756 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-08 | Price change | $387,900 |
| 2026-04-24 | Price change | $389,900 |
| 2026-03-20 | Listed for sale | $399,000 |
| 2014-06-12 | Listing removed | $52,000 |
| 2014-01-10 | Price change | $52,000 |
| 2013-06-12 | Listed for sale | $59,000 |
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