For sale

Price cut: $35K (8/30)

$80,000

506 Madison St NW, Russellville, AL 35653

2beds

906sqft

$509/mo

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Single Family Residence

Built in 1935

8,712 Square Feet Lot

$-- Zestimate^®

$88/sqft

$-- HOA

What's special

Bonus roomOpen conceptInviting living spaces

Cottage style home offering 2 bedrooms, 1 bath and a bonus room. This home features an open concept, inviting living spaces, and plenty of character. Just minutes from downtown Russellville, this home sits on 0.20-acre corner lot. Whether you are looking to downsize or invest, this property offers great potential. HABLO ESPANOL

44 days
302
13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 2

Basement

Area: 0

Features

Eat-in Kitchen
Has basement: No
Has fireplace: No

Interior area

Total structure area: 906
Total interior livable area: 906 sqft
Finished area above ground: 906
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Carport
Carport spaces: 1

Features

Patio & porch: Front Porch

Lot

Size: 8,712 Square Feet
Dimensions: 0.20
Features: City Lot, Corner Lot

Details

Parcel number: 02093010001440000

Construction

Type & style

Home type: SingleFamily
Architectural style: Cottage
Property subtype: Single Family Residence

Materials

Roof: Metal

Condition

Year built: 1935

Utilities & green energy

Sewer: Public Sewer

Community & HOA

HOA

Has HOA: No

Location

Region: Russellville

Financial & listing details

Price per square foot: $88/sqft
Tax assessed value: $41,800
Annual tax amount: $1
Price range: $80K - $80K
Date on market: 7/23/2026

Estimated market value

Not available

Estimated sales range

Not available

$885/mo

Price history

Date	Event	Price
8/30/2026	Price change	$80,000-30.4%$88/sqft
Source: Strategic MLS Alliance #530218 Report a problem
7/23/2026	Listed for sale	$115,000$127/sqft
Source: Strategic MLS Alliance #530218 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1	$41,800 +7.2%
2024	$1	$39,000 +954.1%
2023	$1	$3,700 +5.7%
2022	$1	$3,500 +9.4%
2021	$1	$3,200
2020	$1 -98.9%	$3,200 +6.7%
2018	$119 +9.2%	$3,000 +7.1%
2017	$109	$2,800
2016	$109	$2,800
2015	$109	$2,800
2014	$109 +4.8%	$2,800 +3.7%
2013	$104 -12.7%	$2,700
2010	$119	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 35653

Getting around

54 / 100

Somewhat Walkable

32 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

9/10
Russellville Elementary School
Grades: 3-6Distance: 1.2 mi
9/10
Russellville Middle School
Grades: 6-8Distance: 1.4 mi
6/10
Russellville High School
Grades: 9-12Distance: 1.2 mi

Schools provided by the listing agent

Elementary: Russellville
Middle: Russellville
High: Russellville

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