Sold for $145,000

$145,000

616 Gerry Lane, Madison, IN 47250

2beds

764sqft

Single Family Residence

Built in 1900

2,038 Square Feet Lot

$145,600 Zestimate^®

$190/sqft

$1,198 Estimated rent

Home value

$145,600

Estimated sales range

Not available

$1,198/mo

Zestimate^® history

Owner options

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$1,198/mo

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$1,198/mo

Rent Zestimate^®

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$911/mo

Est. payment

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$911/mo

Est. payment

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What's special

Bright sunroomPrivate parking spaceFreshly paintedCellar for additional storage

Hidden gem in the heart of downtown Madison! This freshly painted and renovated 2-bedroom, 1-bath home offers charm and convenience just minutes from shops, dining, and local festivities. The bathroom features a newly tiled, extended walk-in shower. Enjoy the bright sunroom, a private parking space, and a cellar for additional storage. Great opportunity for a primary home, weekend getaway, or investment property in a prime downtown location.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Sunroom

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Dryer, Oven, Range, Refrigerator, Washer
Laundry: Laundry Closet, Main Level

Features

Kitchen Island, Bath in Primary Bedroom, Sun Room
Basement: Sump Pump
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 764
Total interior livable area: 764 sqft
Finished area above ground: 764
Finished area below ground: 0

Property

Parking

Parking features: No Garage
Details: Off Street

Features

Levels: One
Stories: 1
Patio & porch: Porch
Exterior features: Porch
Has view: Yes
View description: City

Lot

Size: 2,038 Square Feet

Details

Additional structures: Shed(s)
Parcel number: 0110285500
Zoning: Residential
Zoning description: Residential

Construction

Type & style

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

Materials

Brick
Foundation: Stone, Cellar
Roof: Shingle

Condition

Resale
New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Connected, Public

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $190/sqft
Tax assessed value: $70,000
Annual tax amount: $1,722
Date on market: 3/17/2026
Cumulative days on market: 93 days
Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
6/18/2026	Sold	$145,000-2.7%$190/sqft
Source: SIRA #202606517 Report a problem
5/11/2026	Price change	$149,000-9.7%$195/sqft
Source: SIRA #202606517 Report a problem
4/16/2026	Price change	$165,000-1.8%$216/sqft
Source: SIRA #202606517 Report a problem
3/17/2026	Listed for sale	$168,000$220/sqft
Source: SIRA #202606517 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,104	$70,000 +26.8%
2024	$1,104	$55,200
2023	--	$55,200 +6.4%
2022	--	$51,900 +7.5%
2021	--	$48,300 +3.9%
2020	--	$46,500
2019	--	$46,500
2018	--	$46,500 +0.6%
2017	--	$46,200
2016	--	$46,200 +19.1%
2014	--	$38,800 -0.3%
2013	$188 -1.1%	$38,900
2012	$191 +71.7%	$38,900 +35.1%
2011	$111 -7.4%	$28,800
2010	$120 +10.4%	$28,800
2009	$109 -36.8%	$28,800 -4.6%
2007	$172 -36.2%	$30,200 -1%
2006	$269	$30,500