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493 NE Shelby Ext, Madison, FL, 32340

4beds
3baths
2,480sqft
$231,500
$93price/sqft
$2,108/moest. monthly cost
$84,320/yrincome needed

About This Home

Welcome to the charming town of Madison, where small-town character and rich history create a wonderful place to call home. This spacious 4-bedroom, 3-bathroom property offers plenty of room to grow along with exciting opportunities to add your own personal style. Inside, you’ll immediately notice the beautiful vaulted wood ceilings that stretch across the living, dining, and kitchen areas, creating a warm and inviting space perfect for everyday living and gatherings with family and friends. Built with durable concrete block construction and topped with a metal roof, the home offers long-lasting quality and peace of mind. Tucked away on a cul-de-sac at the end of a quiet, private road, the property sits on a generous 0.6-acre lot with a large backyard that provides plenty of space for outdoor activities, entertaining, or simply enjoying your own peaceful retreat. A workshop in the backyard adds even more value, offering the perfect space for a potential man cave, she-shed, or extra storage space. While you’ll appreciate the privacy and tranquility of the setting, you’re still just minutes from the shops, dining, and conveniences of downtown Madison. This home combines space, charm, and potential—making it a wonderful opportunity to create the home you’ve been dreaming of.

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1960

Materials

  • Foundation: Slab
  • Construction materials: Block,Concrete

Type & Style

  • Home type: SingleFamily
  • Architectural style: One Story,Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Oven,Range,Refrigerator,Washer

Bedroom2

  • Dimensions: 15x13

Bedroom3

  • Dimensions: 12x9

Bedroom4

  • Dimensions: 11x9

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Dining Room

  • Dimensions: 13x12

Family Room

  • Dimensions: 16x13

Features

  • Tray Ceiling(s),Vaulted Ceiling(s),Split Bedrooms,Walk-In Closet(s)
  • Flooring: Carpet,Laminate,Plank,Vinyl
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central,Electric,Wood
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 2,480
  • Total interior livable area: 2,480 sqft

Kitchen

  • Dimensions: 13x9

Living Room

  • Dimensions: 20x13

Master Bedroom

  • Dimensions: 19x16

Property

Details

  • Parcel number: 0000004010000000
  • Special condition: Standard

Features

  • Stories: 1
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 0.61 Acres

Parking

  • Total spaces: 2
  • Parking features: Carport,Two Spaces
  • Covered spaces: 2
  • Carport: Yes
  • Carport 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

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate

How This Home’s Risks Compare

Hurricane
Lightning
Cold Wave

FEMA Declared Disasters in Madison County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical 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 $1,170$14,040
Home Insurance *$259$3,108
Property Taxes $430$5,160
Electricity $249$2,994
Total$2,108$25,296
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,274/yr
40% on housing$63,240/yr
45% on housing$56,213/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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: 14.4%
14.4%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$93This listing

vs Other Active Listings

Avg $/sqft

ZIP 32340$124
Madison County$161

vs Homes Sold Last Month

Median $/sqft

ZIP 32340
Madison County$65

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
2026-07-27Price change$231,500
2026-03-13Listed for sale$232,000
2025-09-01Listing removed$265,000
2025-04-30Price change$265,000
2025-01-23Price change$270,000
2024-11-29Listed for sale$280,000
2024-09-30Listing removed$280,000
2024-08-11Listed for sale$280,000

For Sale by Agent

AgentSarah Pike
BrokerageThe American Dream

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