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Backup Offers

308 S Madison St, Bloomington, IN, 47403

$549,000

Home List Price

$6,519*

Closing Credit

0 Baths
House
Schools Nearby

Location

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308 S Madison St, Bloomington$549,000

Buyer Closing Credits

$6,519*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1930
HeatingNatural Gas, Forced Air
CoolingCentral Air, Other
MLS #202412659
Lot Size0.20 Acres
StatusAccepting Backup Offers
(Cont-AccptngBackupOffers)

About 308 S Madison St

This is a great investment for an owner-occupant with added income unit, or fully rent both units (308 & 308.5 S Madison). Great downtown location! Easy access to Bloomingfoods, Farmers' Market, B-Line trail and all that downtown Bloomington has to offer. Occupancy for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a lovely kitchen which has been remodeled, plus it features renovated bathrooms. The second unit (308.5 S Madison) has a new bathroom, refreshed kitchen and new heating and cooling systems. There is a laundry area for the apartment in the garage. Both units rent easily; inquire for rental information. Listing agent is owner.

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Stories: 2

Listing Office:

  • Office Name: Owens Realty Group
  • Listing Agent: Scott Owens

Virtual/3D Tour

  • Virtual Tour: 308 S Madison St

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Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air, Other

Other

Directions Information:

  • Directions: Heading West on E 3rd St take a left on Madison St. 308 S Madison is the 2nd home on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,000

Tax Information:

  • Annual Amount: $5,232
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Bloomington, IN.

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Bloomington, IN

City

Med. Sold Price

$320K

Med. Price/SqFt

$188

Avg. Days On Market

28

# of Sold Homes

51

308 S Madison St vs Bloomington

13 DAYS ON ROCKET

-15 Days

$549,000

+$229K More

KEY TAKEAWAY

This property is $229K more than the Median Sold Price in Bloomington, IN.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Number: #202412659

Listing Office:

  • Office Name: Owens Realty Group
  • Listing Agent: Scott Owens

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 10:25:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,232$261,200
2019$5,011$248,800
2017$4,896$231,800

History based on county public records data.

Payment Calculator

$2,808

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,712

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3642183
3
/10

  • Fairview Elementary School

  • 627 W 8th St

  • 0.39 miles

  • Public District Grades PK-6

school-card-donut-3642184
4
/10

  • Templeton Elementary School

  • 1400 South Brenda Ln

  • 1.10 miles

  • Public District Grades PK-6

school-card-donut-3642185
6
/10

  • Arlington Heights Elementary School

  • 700 W Parrish Rd

  • 1.65 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $13,268. Most Bloomington, IN residents have annual incomes less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 308 S Madison St

What is the listing price of this property?

The listing price of 308 S Madison St property is $549,000.

What type of property is this?

The property 308 S Madison St is a house located in Bloomington, Indiana, 47403.

Is this property for sale now?

Accepting Backup Offers: 308 S Madison St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,232 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 308 S Madison St is 1930.

Rocket Homes›Indiana›Monroe County›Bloomington›47403›308 S Madison St

This home is located at 308 S Madison St in Bloomington, IN and zip code 47403. This home was built in 1930. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $549,000.

Bloomington, IN housing market in March 2024 saw over 14 listings sold above listed price, more than 13 sold at listed price and over 24 sold below. In March 2024 in Bloomington, IN there were 103.7% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $320,000, while the average time on the real estate market was 28 days.

From Rocket Homes Real Estate and based on county public records data.

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