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Off market
  • $805,000

    242 Fairmount Dr, Madison, IN 47250

    5beds
    4,887sqft
    Residential
    Built in 1940
    2.82 Acres Lot
    $805,000 Zestimate®
    $165/sqft
    $2,921 Estimated rent

    Home value

    $805,000

    $733,000 - $877,000

    $2,921/mo

    Zestimate® history
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    $3,846/mo

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    $3,846/mo

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    What's special

    An estate property that is a once in a generation opportunity! The home is perfectly situated on over 2 1/2 acres, with an incredible view of downtown Madison and the Ohio River Valley. With 5 bedrooms, 2 1/2 baths, a finished basement, 4 car garage, ample outdoor living space, this property is spectacular! Upon entry to the home, you'll find architectural integrity throughout, with all the trademarks of timeless design! The original home was built in 1940, and each addition or renovation was crafted brilliantly. The home boasts ample built-in shelving, mantels of grandeur, detailed millwork, and a kitchen that offers top of line appliances and handcrafted tiling. French doors take you from the most brightly lit den toward an outdoor living space of your fantasies. The property has wrap-around landscaping for 3 seasons in bloom. If you have discerning taste and have been searching for an ideal property, DON'T PASS the chance to see this property!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Heat pump, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • 1st Floor Master, 1st Floor Utility, Added Storage, Bath Master, Blinds, Ceiling Fan(s), Foyer, Utility/Mud Room, Family Room, Formal Dining Rm, Natural Wood Trim, Kitchen Island, Built-in Bookcase, Sump Pump, Rec Room
    • Basement: Unfinished
    • Has fireplace: Yes
    • Fireplace features: masonry
    Interior area
    • Total interior livable area: 4,887 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Detached
    Features
    • Has spa: Yes
    Lot
    • Size: 2.82 Acres
    Details
    • Parcel number: 390835332001000007

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Residential
    Materials
    • masonry
    • Roof: Asphalt
    Condition
    • Year built: 1940

    Community & neighborhood

    Location
    • Region: Madison

    Other

    Other facts
    • Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Microwave, Range / Oven, Refrigerator, Garage Door Opener, Disposal, Water Softener
    • Basement Type: Finished
    • Cooling Type: Central Air
    • Exterior Features: Landscaped, Covered Porch, Deck, Hot Tub, Porch, Thermopane windows, Patio, Landscape Lighting, Gazebo, Paved Driveway
    • Interior Features: 1st Floor Master, 1st Floor Utility, Added Storage, Bath Master, Blinds, Ceiling Fan(s), Foyer, Utility/Mud Room, Family Room, Formal Dining Rm, Natural Wood Trim, Kitchen Island, Built-in Bookcase, Sump Pump, Rec Room
    • Lot Size Source: Assessor
    • Sewer Type: Sewer
    • Additional Parking: Off Street
    • Property Sub Type: Residential
    • Foundation: Concrete Block
    • Property Type: Residential/Farm
    • Road Type: Paved
    • Outbuildings: Garage
    • Water Heater: Natural Gas
    • Water Type: Public Onsite
    • Fireplace: Woodburning
    • Heat Type: Heat Pump, Baseboard
    • Room Count: 11
    • Garage Size Wid: 22.00
    • Numof Fireplaces: 2
    • Garage Size Len: 23.00
    • Type: 2 Story
    • Lot Description: Hill/Knobs View, Panoramic View, Scenic View, River View, Dead End Street, City Lights View
    • Fuel Type: Gas
    • Sq Ft Source: Seller
    • Construction: Existing
    • Legal Description: 011-02706-00 In Sw 35 4 10 2.82 11-104-34 242 Fairmount Dr
    • Parcel Number: 390835332001000007

    Price history

    DateEventPrice
    5/31/2022Sold$675,000-2.9%$138/sqft
    Source: SIRA #202207965 Report a problem
    4/6/2022Listed for sale$695,000+6.9%$142/sqft
    Source: SIRA #202207965 Report a problem
    8/10/2021Sold$650,000-5.5%$133/sqft
    Source: SIRA #202106013 Report a problem
    5/18/2021Price change$688,000-1%$141/sqft
    Source: SIRA #202106013 Report a problem
    4/5/2021Listed for sale$695,000$142/sqft
    Source: SIRA #202106013 Report a problem
    3/15/2021Listing removed--
    Source: SIRA Report a problem
    3/1/2021Listed for sale$695,000$142/sqft
    Source: Coldwell Banker Harrell & Asso #202106013 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,895 -5.4%$456,200 +17.1%
    2024$4,118 +9.2%$389,500 -0.1%
    2023$3,773 +5%$389,800 +7.6%
    2022$3,592 +1%$362,300 +7.1%
    2021$3,555 -12%$338,400 -1.1%
    2020$4,039 +18.1%$342,000 -4.5%
    2019$3,420 +19.7%$358,100 +18.9%
    2018$2,856 -16.6%$301,200 +17.5%
    2017$3,425 +0%$256,400 -15.6%
    2016$3,423 +0.3%$303,700 +0.6%
    2014$3,412 -5.7%$301,900 -4.6%
    2013$3,617 -0.2%$316,500
    2012$3,625 -7.1%$316,500 -11%
    2011$3,900 $355,600
    2010$3,900 -4.5%$355,600
    2009$4,083 +3.1%$355,600 +18.5%
    2007$3,961 -29%$300,200 +0.8%
    2006$5,577 $297,800 +23.8%
    2005-- $240,500

    Find assessor info on the county website

    Neighborhood: 47250

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Madison Cons.

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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