For sale

Price cut: $20K (10/1)

$465,000

308 E Third Street, Madison, IN 47250

5beds

3,252sqft

$3,170/mo

Get pre-qualified

Single Family Residence

Built in 1900

4,791 Square Feet Lot

$445,000 Zestimate^®

$143/sqft

$-- HOA

What's special

Guest half bathUpdated kitchen

Outstanding Home in the heart of Downtown Madison and formerly used as a Bed and Breakfast! This home has a highly sought after primary suite, laundry, guest half bath, updated Kitchen and living areas ALL on the main floor! Upstairs there are large and inviting 4 bedrooms and 2 bathrooms for family or guests and a 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 pool/garage! Electronic remote shades and mounted TVs all convey with home. 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.

78 days
842
19

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Rooms

Room types: Den, Family Room, Office

Primary bedroom

Description: ensuite with walkin closet,Flooring: Wood
Level: First
Dimensions: 13.8 x 11.8

Bedroom

Description: Flooring: Wood
Level: Second
Dimensions: 15 x 16

Bedroom

Description: Flooring: Wood
Level: Second
Dimensions: 16 x 16

Bedroom

Description: Flooring: Luxury Vinyl Plank
Level: Second
Dimensions: 11.8 x 15

Bedroom

Description: Flooring: Wood
Level: Second
Dimensions: 13.8 x 15

Dining room

Description: Gas log Fireplace,Flooring: Wood
Level: First
Dimensions: 15.7 x 16

Family room

Description: built in bookcase,Flooring: Wood
Level: First
Dimensions: 15.4 x 19.5

Kitchen

Description: Updated, granite, pantry area or outside access,Flooring: Luxury Vinyl Plank
Level: First
Dimensions: 13.8 x 15

Living room

Description: Gas log fireplace,Flooring: Wood
Level: First
Dimensions: 16 x 16

Other

Description: flex,Flooring: Wood
Level: Second
Dimensions: 5 x 16

Heating

Heat Pump

Cooling

Central Air

Appliances

Included: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Water Softener, Washer
Laundry: Main Level, Laundry Room

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
Windows: Blinds, Thermal Windows
Basement: Sump Pump
Number of fireplaces: 4
Fireplace features: Decorative, Gas

Interior area

Total structure area: 3,252
Total interior livable area: 3,252 sqft
Finished area above ground: 3,252
Finished area below ground: 0

Property

Parking

Details: Off Street

Features

Levels: Two
Stories: 2
Exterior features: Landscaping

Lot

Size: 4,791 Square Feet

Details

Additional structures: Shed(s), Gazebo
Parcel number: 391302122064000007
Zoning: Residential
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Two Story
Property subtype: Single Family Residence

Materials

Brick, Frame, Wood Siding
Foundation: Stone, Cellar
Roof: Shingle

Condition

Resale
New construction: No
Year built: 1900

Utilities & green energy

Water: Connected, Public

Community & HOA

Community

Features: Sidewalks

Location

Region: Madison

Financial & listing details

Price per square foot: $143/sqft
Tax assessed value: $228,400
Annual tax amount: $2,060
Date on market: 7/20/2026
Cumulative days on market: 79 days
Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Road surface type: Paved

Estimated market value

$445,000

$423,000 - $467,000

$2,528/mo

Price history

Date	Event	Price
10/1/2026	Price change	$465,000-4.1%$143/sqft
Source: SIRA #2026010293 Report a problem
7/20/2026	Listed for sale	$485,000+21.3%$149/sqft
Source: SIRA #2026010293 Report a problem
6/24/2022	Sold	$400,000-5.9%$123/sqft
Source: SIRA #202205089 Report a problem
2/19/2022	Price change	$424,900-3.4%$131/sqft
Source: SIRA #202205089 Report a problem
1/5/2022	Listed for sale	$439,900+203.6%$135/sqft
Source: SIRA #202205089 Report a problem
10/1/2017	Listing removed	$144,900$45/sqft
Source: Cole Real Estate #20170218 Report a problem
8/17/2017	Price change	$144,900-3.3%$45/sqft
Source: Cole Real Estate #20170218 Report a problem
7/20/2017	Listed for sale	$149,900$46/sqft
Source: Cole Real Estate #20170218 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,102 +4.2%	$228,400 +8.7%
2024	$2,018 +49.1%	$210,200 +6.4%
2023	$1,354 -47.4%	$197,600 +47.1%
2022	$2,573 +3%	$134,300 +5.1%
2021	$2,499 -0.2%	$127,800 +3%
2020	$2,504 +0.1%	$124,100 -0.2%
2019	$2,501 +1.1%	$124,300
2018	$2,474 -32%	$124,300 +1.1%
2017	$3,640 +26.5%	$123,000 -32.2%
2016	$2,878 +20.1%	$181,400 +51.9%
2014	$2,396 +0.6%	$119,400 +0.7%
2013	$2,382 -15.6%	$118,600 -16%
2012	$2,824 +13.4%	$141,200 +13.4%
2011	$2,490 +52%	$124,500 +52%
2010	$1,638 -0.8%	$81,900
2009	$1,651 -18.3%	$81,900 +3.8%
2007	$2,021 +2.5%	$78,900 -1%
2006	$1,971	$79,700 +50.1%
2005	--	$53,100