Incredible Opportunity in the Heart of Historic Madison, Indiana! This unique property offers this home situated on a scenic lot in the beautiful Southern Indiana landscape. Located just moments from the scenic Ohio River, this property captures the charm and outdoor lifestyle Madison is known for. Enjoy the peaceful sound of a creek running along the back of the land, the sitings of the wildlife such as foxes, cardinals, hummingbirds, and even deer! Whether you are envisioning a bed and breakfast, family compound, short-term or long-term rental investment, the POSSIBILITIES ARE ENDLESS. You even have the opportunity to grow a number of things do the rich soil on the property. The Heritage Trail, ideal for walking, running, or biking, begins just down the street, adding a unique lifestyle benefit for future guests or residents. With the rich history of Madison, a vibrant downtown, and riverfront charm just minutes away, this property offers high desirability. Schedule your own private showing today to see what this property has to offer!
For sale
$229,000
1127 Walnut Street, Madison, IN 47250
2beds
1,623sqft
Est.:
Single Family Residence
Built in 1900
5,244.62 Square Feet Lot
$220,600 Zestimate®
$141/sqft
$-- HOA
What's special
Beautiful southern indiana landscapeScenic lot
- 253 days |
- 1,027 |
- 29 |
Zillow last checked: 7 hours ago
Listing updated: March 05, 2026 at 11:14am
Listed by:
William Andes,
eXp Realty, LLC
Source: SIRA,MLS#: 202508962
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Family Room
Primary bedroom
- Description: Walk in closet
- Level: First
Bedroom
- Description: Large Window
- Level: First
Other
- Description: Spacious Bathroom
- Level: First
Heating
- Forced Air
Cooling
- Central Air, Window Unit(s), WallWindow Unit(s)
Appliances
- Included: Dishwasher, Microwave, Oven, Range, Refrigerator
- Laundry: Main Level, Other
Features
- Main Level Primary
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,623
- Total interior livable area: 1,623 sqft
- Finished area above ground: 1,623
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Park/Greenbelt, Scenic
Lot
- Size: 5,244.62 Square Feet
- Features: Secluded, Wooded
Details
- Additional structures: Other
- Parcel number: 0110272700
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Location
- Region: Madison
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $91,500
- Annual tax amount: $1,830
- Date on market: 7/1/2025
- Cumulative days on market: 254 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$220,600
$210,000 - $232,000
$1,063/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Price change | $229,000-22.4%$141/sqft |
Source:  SIRA #202508962 Report a problem | ||
| 8/18/2025 | Price change | $295,000-3%$182/sqft |
Source: SIRA #202508962 Report a problem | ||
| 8/13/2025 | Price change | $304,000-3.2%$187/sqft |
Source: SIRA #202508962 Report a problem | ||
| 7/15/2025 | Price change | $314,000-30.1%$193/sqft |
Source: SIRA #202508962 Report a problem | ||
| 7/1/2025 | Listed for sale | $449,000+12.3%$277/sqft |
Source: SIRA #202508962 Report a problem | ||
| 3/11/2025 | Listing removed | $399,999$246/sqft |
Source: SIRA #2024010809 Report a problem | ||
| 10/25/2024 | Price change | $399,999+105.1%$246/sqft |
Source: SIRA #2024010809 Report a problem | ||
| 10/10/2024 | Price change | $195,000-51.2%$120/sqft |
Source: SIRA #2024011478 Report a problem | ||
| 9/12/2024 | Listed for sale | $400,000$246/sqft |
Source: SIRA #2024010809 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,830 +1% | $91,500 |
| 2023 | $1,812 +8.2% | $91,500 +1% |
| 2022 | $1,674 +1% | $90,600 +8.2% |
| 2021 | $1,658 | $83,700 +1% |
| 2020 | $1,658 | $82,900 |
| 2019 | -- | $82,900 |
| 2018 | -- | $82,900 -9.1% |
| 2017 | -- | $91,200 |
| 2016 | -- | $91,200 +28.6% |
| 2014 | -- | $70,900 +0.4% |
| 2013 | -- | $70,600 |
| 2012 | -- | $70,600 +18.9% |
| 2011 | -- | $59,400 |
| 2010 | -- | $59,400 |
| 2009 | -- | $59,400 -4.7% |
| 2007 | $400 -36% | $62,300 -1% |
| 2006 | $625 | $62,900 +34.7% |
| 2005 | -- | $46,700 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,210/mo
Principal & interest
$1084
Property taxes
$126
More affordability tools
Climate risks
Neighborhood: 47250
Nearby schools
GreatSchools rating
- 9/10Lydia Middleton Elementary SchoolGrades: PK-4Distance: 0.8 mi
- 6/10Madison Consolidated Jr High SchoolGrades: 5-8Distance: 2.1 mi
- 6/10Madison Consolidated High SchoolGrades: 9-12Distance: 2.3 mi
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