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For sale
    • Price cut: $10K (7/23)
    $359,900

    515 N Hereford Lane, Madison, IN 47250

    4beds
    2,112sqft
    Single Family Residence
    Built in 1978
    0.53 Acres Lot
    $346,300 Zestimate®
    $170/sqft
    $-- HOA

    What's special

    Adjacent eat-in kitchen
    Looking for space, storage, and lake access? This well-maintained 4-bedroom, 2 full bath home offers a huge living room filled with natural light, creating the perfect gathering space for family and friends. The adjacent eat-in kitchen provides plenty of room for everyday meals and entertaining. Enjoy access to the popular Hereford Lake, where you can spend your days fishing, kayaking, or simply relaxing by the water. Conveniently located just minutes from Historic Downtown Madison—recently voted the Best Small Town in the Midwest—you'll have easy access to shopping, dining, festivals, and riverfront attractions. A standout feature of this property is the impressive 24' x 36' detached garage. Complete with concrete floors, electric service, partial insulation, and HVAC, this versatile space stays comfortable year-round and is ideal for vehicles, hobbies, storage, or a workshop. Whether you're looking for a full-time residence or a place to enjoy the outdoors, this property offers the perfect combination of comfort, convenience, and recreation. Grab your kayaks and fishing poles and come see all this home has to offer!
    37 days
    |
    1,021
    |
    45
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Austin A Ketcham,

    eXp Realty, LLC

    Source: SIRA,MLS#: 202609424MLS LogoOriginating MLS: Southern Indiana REALTORS Association

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      • Dimensions: 13.1 x 144
      Bedroom
      • Level: First
      • Dimensions: 10.10 x 10.6
      Bedroom
      • Level: First
      • Dimensions: 10.11 x 12
      Bedroom
      • Level: First
      • Dimensions: 9.8 x 11.9
      Kitchen
      • Level: First
      • Dimensions: 15.1 x 20.8
      Living room
      • Level: First
      • Dimensions: 10.8 x 16.10
      Other
      • Description: Laundry
      • Level: First
      Heating
      • Heat Pump
      Cooling
      • Central Air
      Appliances
      • Included: Oven, Range, Refrigerator
      • Laundry: Main Level, Laundry Room
      Features
      • Ceiling Fan(s), Main Level Primary
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning Stove
      Interior area
      • Total structure area: 2,112
      • Total interior livable area: 2,112 sqft
      • Finished area above ground: 2,112
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached, Garage
      • Garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 0.53 Acres
      Details
      • Additional structures: Garage(s)
      • Parcel number: 390735400134000006
      • Zoning: Residential
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: One Story
      • Property subtype: Single Family Residence
      Materials
      • Frame
      Condition
      • Resale
      • New construction: No
      • Year built: 1978

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Connected, Public

      Community & HOA

      Location
      • Region: Madison

      Financial & listing details

      • Price per square foot: $170/sqft
      • Tax assessed value: $217,200
      • Annual tax amount: $1,712
      • Date on market: 6/19/2026
      • Cumulative days on market: 39 days
      • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
      • Road surface type: Paved

        Estimated market value

        $346,300

        $329,000 - $364,000

        $2,272/mo

        Price history

        DateEventPrice
        7/23/2026Price change$359,900-2.7%$170/sqft
        Source: SIRA #202609424 Report a problem
        6/20/2026Listed for sale$369,900$175/sqft
        Source: SIRA #202609424 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,746 +49.3%$217,200 +10.1%
        2024$1,169 +4.9%$197,300 +31.3%
        2023$1,115 +5.5%$150,300 +7.4%
        2022$1,057 +14.9%$139,900 +4.2%
        2021$920 -1.1%$134,200 +7.7%
        2020$930 +2.6%$124,600
        2019$906 -56.8%$124,600 -1.3%
        2018$2,097 +14.6%$126,300 +1.1%
        2017$1,830 -5.5%$124,900 +8%
        2016$1,937 -8.2%$115,600 -13.2%
        2014$2,110 +49%$133,200 -5.3%
        2013$1,416 +26.9%$140,600 -0.3%
        2012$1,116 +22.3%$141,000 +5%
        2011$913 -6.6%$134,300 +1.9%
        2010$977 +16.4%$131,800
        2009$839 -4.2%$131,800 +4.5%
        2007$876 -31.1%$126,100 +1.5%
        2006$1,272 $124,200 +17.2%
        2005-- $106,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 47250

        Getting around

        0 / 100
        Car-Dependent
        21 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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