3620 South Madison Avenue

3620 South Madison Avenue in Anderson, IN was first built in 1940 and is 84 years old. Although, the building on the property was most recently renovated and altered in 2015. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 3620 South Madison Avenue has 1,570 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 863 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 810 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 9,720 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a water system. For those who need parking, there is a detached garage. The garage is 384 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D+. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. The property was last sold in Dec 11, 2020 for $136,200. That's $86.75 per sqft. 3620 South Madison Avenue was last assessed in 2023. The total value of the property was assessed at $99,200. Specifically, the land the property is located on was valued at $11,700. While improvements on the property were assessed at a total of $87,500. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,075. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.