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405 Woodson Ave, Madisonville, KY, 42431

3beds
2baths
1,563sqft
$99,900
$64price/sqft
$854/moest. monthly cost
$34,160/yrincome needed

About This Home

Quaint 3-bedroom, 1-bath home with great potential located in Madisonville. This property offers a functional layout and solid bones, making it an excellent opportunity for investors or buyers looking to add value. The third bedroom is located upstairs in a loft-style area, adding flexible living space. The home features original hardwood floors, large closets including a walk-in, and an abundance of cabinet/closet space throughout. A basement provides additional storage or workspace options, and the upper level offers added versatility, though some areas may have limited ceiling height. This home presents an excellent opportunity to build equity with updates and improvements over time and is being sold as-is. Square footage is per PVA, and buyers should satisfy themselves regarding all measurements. Cash or conventional financing only. Conveniently located near local amenities, this property offers a great chance to maximize value and create something special.

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

6/10
Pride Elementary SchoolGrades PK-50.5 mi
4/10

Construction

Condition

  • Year built: 1948

Materials

  • Foundation: Block,Concrete Perimeter
  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,Electric Range,Refrigerator
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bathroom

  • Level: Main

Bedroom

  • Level: Main,Upper

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main

Features

  • Walk-In Closet(s)
  • Window features: Single Pane,Storm Window(s)
  • Flooring: Hardwood
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Electric

Interior Area

  • Total structure area: 1,563
  • Total interior livable area: 1,563 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Details

  • Parcel number: M219A8

Features

  • Patio & porch: Porch

Lot

  • Lot size: 7,840 sqft
  • Features: No Landscaping
  • Lot size dimensions: 60 x 130

Parking

  • Total spaces: 1
  • Parking features: 1 Car,Detached,Concrete
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: 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
  • Strong Wind
    Strong WindVery High
  • Earthquake
    EarthquakeRelatively High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

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

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 $505$6,060
Home Insurance *$110$1,320
Property Taxes $85$1,020
Electricity $154$1,850
Total$854$10,248
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$29,280/yr
40% on housing$25,620/yr
45% on housing$22,773/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

$64This listing

vs Other Active Listings

Avg $/sqft

ZIP 42431$110
Hopkins County$113

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
2026-04-03Listed for sale$109,900

For Sale by Agent

AgentSarah Stone Wilkes
BrokerageHeritage Homes Real Estate

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