$5,344 Closing Credit¹
#21997100, Janna Long, Listing Office: Janna Long Real Estate LLC
$325,000 List price
198 E Madison St Franklin, IN 46131
$3,859
Closing credit¹
2 beds
2 full, 1 partial
2,048 sqft
0.02 acres
$159 / sqft
Condo
Property details
About 198 E Madison St
Step into a piece of Franklin's history in this remarkable condo conversion of the historic Franklin Library. The moment you enter, you'll be captivated by the stunning 18-foot mahogany barrel-vaulted ceilings and beautiful solid oak woodwork that adds character throughout the space. This two-bedroom, two-and-a-half-bath residence perfectly blends historic charm with modern conveniences. The welcoming living room features gleaming hardwood floors and doors leading to your private patio - perfect for morning coffee or evening entertainment. The kitchen is a chef's delight with oak cabinets, sleek stainless steel appliances, and a comfortable breakfast area. The primary bedroom offers abundant natural light and includes a spacious walk-in closet and stand-up shower. Your guests will feel equally pampered in the second bedroom, which also features plenty of sunshine and a walk-in closet, with an updated hallway bathroom nearby. Convenience is key with a main-level laundry room offering plenty of shelving for storage. The location couldn't be better - you're just steps from downtown Franklin's charming shops and restaurants. Nearby parks provide a perfect spot for outdoor recreation, while Franklin Community High School is just a short drive away. Living here means being part of Franklin's story while enjoying all the modern amenities you'd expect in a contemporary home. Whether you're a history buff, downtown enthusiast, or someone who appreciates unique architectural details, this distinctive condo offers a lifestyle that's hard to match.
Highlights
Home typeCondominium
HeatingForced Air, Electric
StatusActive
CoolingCentral Air
Size2,048 sqft
BasementYes
Lot size0.02 Acres
Year built1915
MLS #22023864
Summary
- MLS Number: 22023864
- MLS Name: MIBOR
- Office Name: Red Hot, REALTORS LLC
- Office Email: Jamie@RedHotRealtors.com
- Listing Agent: Jamie Suchotzky
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Last updated on: 3/4/2025, 9:16:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$325,000
198 E Madison St
$3,859
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $207,300 | $2,288 |
| 2021 | $180,800 | $2,004 |
| 2020 | $180,800 | $1,865 |
| 2019 | $168,700 | $1,444 |
| 2018 | $144,400 | $1,427 |
| 2017 | $142,700 | $1,303 |
History based on county public records data.
Nearby schools
5
Northwood Elementary School
Public District KG-4
0.7 mi
•965 Grizzly Cub Dr
7
Webb Elementary School
Public District KG-4
1.0 mi
•1400 Webb Ct
6
Needham Elementary School
Public District KG-4
1.1 mi
•1399 Upper Shelbyville Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,250. The most common annual income of people living in Franklin, IN is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
36%
<35k
51%
35k-100k
10%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
49%
Single, No Kids
17%
Single, with Kids
20%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
40%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Pro Wrestling
Figure Skating
Where do the neighbors shop?
Academy Sports & Outdoors
Wal-Mart
Kmart
Where do the neighbors go to eat?
Little Caesars
Sonic
Bob Evans
What do the neighbors drive?
Chevrolet
Oldsmobile
Buick
What do the neighbors listen to?
Country
Contemporary Inspirational- Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 198 E Madison St
This home is located at 198 E Madison St in Franklin, IN and zip code 46131. This 2,048 square foot home, which was built in 1915, sits on a 0.02 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 26, 2025 and is currently priced at $325,000.
Franklin, IN housing market in February 2025 saw over 5 listings sold above listed price, more than 5 sold at listed price and over 14 sold below. The inventory of homes for sale in Franklin, IN between January and February 2025 increased by 2%. While the average time on the market in February 2025 was 35 days, the median list price was $278,000.
From Rocket Homes Real Estate and based on county public records data.