221 S Madison St, Adrian, MI, 49221
About This Home
Located directly across from Adrian College's central campus, the newly renovated 221 S. Madison Street offers a rare opportunity as either a charming single-family home with potential or an outstanding investment property. Just steps from campus and minutes from downtown Adrian, the home features spacious living areas, five generous bedrooms, private yard, garage, off-street parking, and exceptional rental potential in one of the city's most sought-after locations.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1984
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: In Basement
Basement
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 3
Features
- Flooring: Carpet,Vinyl
- Finished area below ground: 900
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 1,196
- Total interior livable area: 2,096 sqft
Property
Details
- Parcel number: XA0415004904
Features
- Stories: 1
Lot
- Lot size: 7,405 sqft
- Features: Corner Lot,Sidewalk
- Lot size dimensions: 65' x 136'
Parking
- Total spaces: 2
- Parking features: Garage Faces Front,Attached
- 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
- Cold Wave
- Lightning
- Strong Wind
- Tornado
- Hail
- Ice Storm
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Lenawee County and Michigan
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 | $1,516 | $18,192 |
| Home Insurance * | $193 | $2,316 |
| Property Taxes | $287 | $3,444 |
| Electricity | $228 | $2,743 |
| Total | $2,224 | $26,688 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
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.
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 |
|---|---|---|
| 2026-08-05 | Listed for sale | $299,900 |
| 2021-01-14 | Listing removed | -- |
| 2021-01-13 | Contingent | $159,000 |
| 2021-01-13 | Pending sale | $159,000 |
| 2021-01-13 | Listed for sale | $159,000 |
| 2020-11-25 | Sold | $152,000 |
| 2020-09-26 | Price change | $159,000 |
| 2020-08-31 | Price change | $169,900 |
| 2020-08-23 | Listed for sale | $174,900 |
| 2017-06-27 | Sold | $130,000 |
| 2013-09-30 | Sold | $79,900 |
| 2013-08-06 | Sold | $79,900 |
| 2013-06-20 | Listed for sale | $82,000 |
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