Tucked just outside the charming river town of Madison, this cozy 1 bedroom, 1 bath home is the kind of place that feels like a warm light left on for you. Perfectly sized and easy to maintain, it offers comfortable living with just the right amount of space. Whether you're looking to downsize, invest, or purchase your first home, this one checks the boxes without overcomplicating life. Enjoy the quiet setting while still being minutes from Madison's historic downtown, local shops, dining, and riverfront views. Mornings feel slower here. Evenings feel calmer. And weekends? They practically invite you to explore. Simple. Comfortable. Close to everything you love about Madison.
For sale
$159,500
740 Michigan Rd, Madison, IN 47250
1beds
832sqft
Est.:
Single Family Residence
Built in 1970
0.65 Acres Lot
$163,200 Zestimate®
$192/sqft
$-- HOA
What's special
Quiet setting
- 5 days |
- 894 |
- 25 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: February 20, 2026 at 01:01am
Listed by:
Justin M Clifford 502-525-4837,
Realty ONE Group River Valley
Source: GLARMLS,MLS#: 1709437
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Kitchen
- Level: First
Laundry
- Level: First
Living room
- Level: First
Heating
- Electric, Heat Pump
Cooling
- Wall/Window Unit(s)
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 832
- Total interior livable area: 832 sqft
- Finished area above ground: 832
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 1
- Exterior features: None
- Fencing: None
Lot
- Size: 0.65 Acres
- Dimensions: 94 x 300
- Features: Irregular Lot, Sidewalk, Cleared, Wooded
Details
- Additional structures: Outbuilding
- Parcel number: 390835334006.000007
Construction
Type & style
- Home type: SingleFamily
- Architectural style: A-Frame
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Block, Brick
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $49,100
- Annual tax amount: $371
- Date on market: 2/20/2026
- Electric utility on property: Yes
Estimated market value
$163,200
$155,000 - $171,000
$972/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2026 | Listed for sale | $159,500-5.9%$192/sqft |
Source:  GLARMLS #1709437 Report a problem | ||
| 12/3/2025 | Listing removed | $169,500$204/sqft |
Source:  SIRA #2025012621 Report a problem | ||
| 11/14/2025 | Listed for sale | $169,500+36.7%$204/sqft |
Source: SIRA #2025012621 Report a problem | ||
| 5/19/2023 | Sold | $124,000-4.6%$149/sqft |
Source: SIRA #2022013938 Report a problem | ||
| 4/6/2023 | Pending sale | $130,000$156/sqft |
Source: SIRA #2022013938 Report a problem | ||
| 3/3/2023 | Listed for sale | $130,000$156/sqft |
Source: SIRA #2022013938 Report a problem | ||
| 2/21/2023 | Listing removed | -- |
Source: SIRA #2022013938 Report a problem | ||
| 1/2/2023 | Listed for sale | $130,000$156/sqft |
Source: SIRA #2022013938 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $371 -61.9% | $49,100 |
| 2023 | $974 +248.6% | $49,100 +0.8% |
| 2022 | $279 +1.9% | $48,700 +5.9% |
| 2021 | $274 +4.4% | $46,000 |
| 2020 | $262 -5.5% | $46,000 |
| 2019 | $278 -71.7% | $46,000 -7.1% |
| 2018 | $980 | $49,500 +1% |
| 2017 | $980 +1.4% | $49,000 |
| 2016 | $966 -0.2% | $49,000 +1.2% |
| 2014 | $968 -0.8% | $48,400 -0.8% |
| 2013 | $976 -10.6% | $48,800 -10.6% |
| 2012 | $1,092 +20.8% | $54,600 +20.8% |
| 2011 | $904 +30.3% | $45,200 +30.3% |
| 2010 | $694 | $34,700 |
| 2009 | $694 +1.8% | $34,700 +30.5% |
| 2007 | $681 +30% | $26,600 +25.5% |
| 2006 | $524 | $21,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$843/mo
Principal & interest
$755
Property taxes
$88
Climate risks
Neighborhood: 47250
Nearby schools
GreatSchools rating
- 9/10Lydia Middleton Elementary SchoolGrades: PK-4Distance: 0.4 mi
- 6/10Madison Consolidated Jr High SchoolGrades: 5-8Distance: 2.2 mi
- 6/10Madison Consolidated High SchoolGrades: 9-12Distance: 2.4 mi
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