308 E Third Street, Madison, IN, 47250
About This Home
Outstanding Home in the heart of Downtown Madison! This home has a highly sought after primary suite, laundry, guest half bath, updated Kitchen and living areas on the main floor! Upstairs there are large and inviting 4 bedrooms and 2 bathrooms for family or guests and a great, dry basement for utilities and extra storage. Outside you will find the rare off street parking for downtown, tool/toy barn with room for outdoor entertainment or future garage! The historic details have been preserved with loads of updates. Historic Madison has been titled yet another award for outstanding living! Golf Cart around town, enjoy all the music and art festivals throughout the year and cruise on the river at your leisure! Schedule a showing today! ***All photographs and details are NOT AI generated.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Foundation: Stone,Cellar
- Roof: Shingle
- Construction materials: Brick,Frame,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Disposal,Microwave,Oven,Range,Refrigerator,Water Softener,Washer
- Laundry features: Main Level,Laundry Room
Basement
- Has basement: Yes
- Basement: Sump Pump
Bedroom
- Level: Second
- Dimensions: 15 x 16
Bedroom
- Level: Second
- Dimensions: 16 x 16
Bedroom
- Level: Second
- Dimensions: 11.8 x 15
Bedroom
- Level: Second
- Dimensions: 13.8 x 15
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Dining Room
- Level: First
- Dimensions: 15.7 x 16
Family Room
- Level: First
- Dimensions: 15.4 x 19.5
Features
- Breakfast Bar,Ceiling Fan(s),Separate/Formal Dining Room,Entrance Foyer,Home Office,Bath in Primary Bedroom,Main Level Primary,Pantry,Separate Shower,Utility Room,Window Treatments
- Window features: Blinds,Thermal Windows
- Number of fireplaces: 4
- Fireplace features: Decorative,Gas
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 3,252
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 3,252
- Total interior livable area: 3,252 sqft
Kitchen
- Level: First
- Dimensions: 13.8 x 15
Living Room
- Level: First
- Dimensions: 16 x 16
Master Bedroom
- Level: First
- Dimensions: 13.8 x 11.8
Other
- Level: Second
- Dimensions: 5 x 16
Property
Details
- Parcel number: 391302122064000007
- Zoning: Residential
- Zoning description: Residential
Features
- Levels: Two
- Stories: 2
- Exterior features: Landscaping
Lot
- Lot size: 4,791 sqft
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 | $2,452 | $29,424 |
| Home Insurance * | $327 | $3,924 |
| Property Taxes | $353 | $4,236 |
| Electricity | $298 | $3,577 |
| Total | $3,430 | $41,160 |
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 |
|---|---|---|
| 2026-07-20 | Listed for sale | $485,000 |
| 2022-06-24 | Sold | $400,000 |
| 2022-02-19 | Price change | $424,900 |
| 2022-01-05 | Listed for sale | $439,900 |
| 2017-10-01 | Listing removed | $144,900 |
| 2017-08-17 | Price change | $144,900 |
| 2017-07-20 | Listed for sale | $149,900 |
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