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405 South Madison Street

405 South Madison Street, Darlington, IN 47940
Property in Franklin
Sold Jan 04, 2013
$96,900
$77,551 by Wolfe Financial Inc
Mortgage Due Jan 01, 2043
405 South Madison Street has been categorized by the local assessors in Darlington, IN as a residential type of property. The building on the property was first built in 1956 and is 68 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 405 South Madison Street has 1,782 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,188 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,320 ft and across the front of the lot is 660 ft. The area measurement of the land has been determined as 8,712 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 405 South Madison Street sold most recently in Dec 27, 2012 for a total of $96,900. If you work out the math, that's approximately a cost of $54.38 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $990 in taxes each year. 405 South Madison Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $162,000. If we break it down further, the land itself was valued at $12,200. Improvements to the property, however, were assessed at a total of $149,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 1,188
  • Garage Type: Detached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,782
  • Building Area: 1,782
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,782
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: STOKES ADDITION
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 4 STOKES

Ownership

  • Current Owner : CHRISMAN TERRY W
  • Previous Owner : FLINT JEAN P
  • Previous Owner 2: THE MARGARET L FLINT LIVING TR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: North Montgomery Community School Corporation
  • Census Tract: 956700

Geography

  • Account Number: 011-06010-00
  • District: 0004
  • Section: 8019003
  • Parcel: 54-08-08-114-088.000-015
  • Lot: 4
  • Municipality: FRANKLIN TOWNSHIP
  • Latitude: 40.1064
  • Longitude: -86.7741

    Address

  • Full Address: 405 S Madison St
  • Address - House Number: 405
  • Street Direction: S
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: IN
  • City Name: Darlington
  • Carrier Code: R070
  • 4-Digit Zip Code: 7094
  • Zip Code: 47940

Valuation

    Tax

  • Total Area: 3,564
  • Tax Year: 2023
  • Tax Amount: $990
  • Tax Rate Code Area: 11:COAL CR

    Appraisal Valuation

  • Standard Deviation: 0.2272
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 226,283
  • High Value: 277,711
  • Low Value: 174,855

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $107,551
  • First Open Lien Mortgage Lender: WOLFE FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Jan 04, 2013
  • First Open Lien Mortgage Loan Amount: $77,551
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2043
  • Second Open Lien Mortgage Lender: INDUSTRIAL FCU
  • Second Open Lien Mortgage Recording Date: Jun 28, 2021
  • Second Open Lien Mortgage Loan Amount: $30,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Second Open Lien Mortgage Loan Due Date: Jun 28, 2051

    Market Valuation

  • Market Total Value: $162,000
  • Market Land Value: $12,200
  • Market Improvement Value: $149,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,000
  • Assessed Land Value: $12,200
  • Assessed Improvements Value: $149,800

    Sales

  • Current Sale Contract Date: Dec 27, 2012
  • Current Sale Recording Date: Jan 04, 2013
  • Current Sale Transaction ID: 1102200946
  • Current Sale Price: $96,900
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 201300095

    Last Sale Mortgage

  • First Mortgage Lender: WOLFE FINANCIAL INC
  • First Mortgage Transaction Date: Jan 04, 2013
  • First Mortgage Loan Amount: $77,551
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2043

About Darlington



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Frequently Asked Questions

What neighborhood is 405 South Madison Street located in?
The 405 South Madison Street is a located in the neighborhood of Franklin in Darlington, Darlington.
What is the average sales price for listings in 405 South Madison Street?
The average sales price for units in 405 South Madison Street is $0 currently.

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