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1057 W Main St, Madison, IN, 47250

1beds
1baths
1,736sqft
$244,900
$141price/sqft
$1,622/moest. monthly cost
$64,880/yrincome needed

About This Home

Historic charm meets modern convenience right on Main Street in downtown Madison! This thoughtfully updated bungalow blends timeless character with tasteful improvements while preserving many original features, including the beautiful hardwood floors throughout much of the home. The spacious living room offers the perfect setting to showcase your antique furnishings and create a warm, inviting gathering space full of historic charm. The oversized kitchen and dining area is impressively large for a home of this era and has been beautifully updated with brand new cabinetry, stone countertops, an island with double sink, and new stainless appliances including a dishwasher. Tucked away at the rear of the home, the private primary suite features a large bathroom and peaceful river views. Downstairs, the basement provides versatile additional living space with painted concrete floors and exposed ceilings that create a trendy industrial-style speakeasy aesthetic. Whether you need extra entertaining space, storage, a rec room, or hobby area, this lower level offers excellent flexibility. Outside, the large backyard includes alley access and offers exciting potential for a future garage or ADU. Gather around the fire pit and enjoy evenings overlooking the river views in the background - all while being just steps away from the shops, restaurants, and historic atmosphere of downtown Madison.

Getting Around

33
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Rock
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Electric Oven,Refrigerator,Water Heater
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Kitchen Island,Hardwood Floors,High Speed Internet,Eat-in Kitchen,Pantry
  • Flooring: Hardwood
  • Number of fireplaces: 3
  • Fireplace features: Basement,Kitchen,Living Room
  • Fireplace: Yes
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,736
  • Total interior livable area: 1,736 sqft

Kitchen

  • Level: Main
  • Area: 240.25
  • Dimensions: 15.5x15.5

Living Room

  • Level: Main
  • Area: 240.25
  • Dimensions: 15.5x15.5

Master Bedroom

  • Level: Main
  • Area: 195.75
  • Dimensions: 13.5x14.5

Property

Details

  • Parcel number: 390834334060000007
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 7,840 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

  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

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 $1,238$14,856
Home Insurance *$165$1,980
Property Taxes $35$420
Electricity $184$2,212
Total$1,622$19,464
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$55,611/yr
40% on housing$48,660/yr
45% on housing$43,253/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

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: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.0%
2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$141This listing

vs Other Active Listings

Avg $/sqft

ZIP 47250$138
Jefferson County$139

vs Homes Sold Last Month

Median $/sqft

ZIP 47250$145
Jefferson County$145

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
2026-06-23Price change$244,900
2026-05-23Listed for sale$250,000
2024-07-03Listing removed--
2024-04-10Pending sale$209,000
2024-04-04Listed for sale$209,000
2001-12-20Sold$30,000

For Sale by Agent

AgentAndrew Flora
Brokerage1 Percent Lists Indiana Real Estate

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