STEEPED in history, this gorgeous renovated downtown Franklin property is a coveted one-of-a-kind address. This 1915 Carnegie Library served the surrounding community & in 1990 it was lovingly converted to 5 condos, retaining the architecture including mahogany barrel-vaulted ceilings, marble floors, lighted cabinetry... Three bedrooms, one on the main floor, fully RENOVATED BATHROOMS, custom closets, ALL NEW WINDOWS and custom blinds, expansive hand laid paver patio and many other features you can't miss. Owners manage HOA; covers building exterior, trash, water & sewer for $144/mo. One parking space behind the unit and on-street parking. Walk to all the amenities this thriving community offers.
Sold
$400,000
196 E Madison St, Franklin, IN 46131
3beds
1,828sqft
Residential, Condominium
Built in 1915
-- sqft lot
$403,300 Zestimate®
$219/sqft
$1,714 Estimated rent
Home value
$403,300
$363,000 - $448,000
$1,714/mo
Zestimate® history
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$2,581/mo
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List your homeWhat's special
All new windowsMahogany barrel-vaulted ceilingsCustom closetsRenovated bathroomsLighted cabinetryMarble floorsCustom blinds
Zillow last checked:
Listing updated:
Listing Provided by:
Jobea Trefny 317-691-1367,
Carpenter, REALTORS®
Bought with:
Rusty Harsin
Hoosier, REALTORS®
Source: MIBOR as distributed by MLS GRID,MLS#: 22036699
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Features: Marble
- Level: Basement
- Area: 242 Square Feet
- Dimensions: 22x11
Bedroom 2
- Features: Vinyl Plank
- Level: Basement
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 3
- Features: Hardwood
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14x11
Dining room
- Features: Hardwood
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Kitchen
- Features: Hardwood
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10x9
Living room
- Features: Hardwood
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16x14
Heating
- Forced Air, Electric
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, MicroHood, Refrigerator, Washer, Water Softener Owned
- Laundry: Laundry Closet, Main Level
Features
- Attic Access, Bookcases, High Ceilings, Walk-In Closet(s), Entrance Foyer, High Speed Internet
- Windows: Wood Work Stained
- Basement: Daylight,Finished Ceiling
- Attic: Access Only
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,828
- Total interior livable area: 1,828 sqft
- Finished area below ground: 872
Property
Parking
- Parking features: Assigned
- Details: Garage Parking Other(Guest Street Parking, Other)
Features
- Levels: Two
- Stories: 2
- Entry location: Ground Level
- Patio & porch: Patio
Lot
- Size: 871.20 sqft
Details
- Parcel number: 410814043006002009
- Special conditions: Sales Disclosure Supplements
- Other equipment: Radon System
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Residential, Condominium
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Water: Municipal/City
Community & neighborhood
Location
- Region: Franklin
- Subdivision: Carnegie Commons
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $144 monthly
- Amenities included: Maintenance Grounds, Maintenance, Snow Removal, Trash
- Services included: Sewer, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2025 | Sold | $400,000+0%$219/sqft |
Source:  MIBOR as distributed by MLS GRID #22036699 Report a problem | ||
| 5/6/2025 | Pending sale | $399,900$219/sqft |
Source: MIBOR as distributed by MLS GRID #22036699 Report a problem | ||
| 5/5/2025 | Listed for sale | $399,900+203%$219/sqft |
Source: MIBOR as distributed by MLS GRID #22036699 Report a problem | ||
| 10/31/2014 | Sold | $132,000-5.6%$72/sqft |
Source: MIBOR as distributed by MLS GRID #21274541 Report a problem | ||
| 7/30/2014 | Listed for sale | $139,900+16.6%$77/sqft |
Source: Carpenter Realtors #21274541 Report a problem | ||
| 5/13/2013 | Sold | $120,000$66/sqft |
Source: MIBOR as distributed by MLS GRID #21190978 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,281 +5.5% | $278,200 +34.4% |
| 2024 | $2,162 +9.1% | $207,000 +5.5% |
| 2023 | $1,982 +8.4% | $196,200 +10% |
| 2022 | $1,829 -2.5% | $178,300 +8.1% |
| 2021 | $1,875 +6.2% | $165,000 -2.4% |
| 2020 | $1,766 +29.3% | $169,000 +6% |
| 2019 | $1,366 -0.2% | $159,500 +16.8% |
| 2018 | $1,369 +11.8% | $136,600 -0.2% |
| 2017 | $1,224 | $136,900 +11.8% |
| 2016 | $1,224 +10.8% | $122,400 +7.1% |
| 2014 | $1,105 +5.9% | $114,300 +9.6% |
| 2013 | $1,043 +1.6% | $104,300 +1.6% |
| 2012 | $1,027 -6.9% | $102,700 -6.9% |
| 2011 | $1,103 | $110,300 |
| 2010 | $1,103 | $110,300 |
| 2009 | $1,103 -28% | $110,300 -9.8% |
| 2007 | $1,532 +35.3% | $122,300 +29.7% |
| 2006 | $1,132 | $94,300 |
Find assessor info on the county website
Neighborhood: 46131
Nearby schools
GreatSchools rating
- 8/10Webb Elementary SchoolGrades: PK-4Distance: 1 mi
- 7/10Franklin Community Middle SchoolGrades: 7-8Distance: 0.6 mi
- 6/10Franklin Community High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Middle: Franklin Community Middle School
- High: Franklin Community High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$403,300
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Estimated market value
$403,300
- Indiana
- Johnson County
- Franklin
- 46131
- 196 E Madison St
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