316 E First Street, Madison, IN 47250
Property image
Property image
OFF MARKET

316 E First Street
Madison, IN 47250

  • 1 Bed
  • 1 Bath
  • 699 sqft

$211,400

Trulia Estimate
as of Jul 22, 2026
Est. Refi. Payment $1,267/mo*
Refinance Your Home

$211,400

Trulia Estimate
as of Jul 22, 2026
Est. Refi. Payment $1,267/mo*
Refinance Your Home
1 Bed
1 Bath
699 sqft

Local Information

  • Map ViewExplore the area around 316 E First Street.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1900
Living Area
699 sqft
Price/Sqft
$302

Description

Welcome to this charming 1 bed, 1 bath home in the heart of DOWNTOWN MADISON, INDIANA’S HISTORIC DISTRICT, where timeless elegance meets modern comfort. This well-maintained property offers VIEWS OF THE OHIO RIVER, ORIGINAL ARCHITECTURAL DETAILS, and thoughtful updates, making it an ideal full-time residence, weekend retreat, or investment property. You are greeted by ORIGINAL HARDWOOD FLOORS AND RICH WOOD TRIM, showcasing the craftsmanship and character of a bygone era. The inviting living space flows into an UPDATED KITCHEN featuring modern appliances, solid surface countertops, and ample cabinet space—perfect for cooking and entertaining. The FULL BATH HAS BEEN COMPLETELY RENOVATED, blending style and function with contemporary finishes that complement the home’s classic charm. Enjoy peace of mind with a NEW ROOF INSTALLED IN 2024, along with UPDATED ELECTRICAL, PLUMBING, AND HVAC SYSTEMS that bring this historic home fully into the present. The SPACIOUS BEDROOM offers a quiet sanctuary and generous closet space. Step outside onto the DECK FOR A RIVER VIEW, where you can relax. Close to SHOPPING, DINING, AND FESTIVALS, this home offers the best of small-town living with historic charm and modern updates. With its unbeatable location and features, this home also presents an excellent opportunity as a short-term rental on AIRBNB OR VRBO, offering guests a unique stay in one of Indiana’s most beloved river towns. Don’t miss this rare opportunity—schedule your showing today!
316 E First Street, Madison, IN 47250 is a 1 bedroom, 1 bathroom, 699 sqft single-family home built in 1900. It last sold for $205,000 on Aug 22, 2025 (5% below the $215,000 asking price). It is currently off market. The Trulia Estimate is $211,400, with a rent estimate of $1,007/month.

Home Details for 316 E First Street

Interior Features

Interior Details
Number of Rooms: 5Types of Rooms: Master Bedroom, Dining Room, Full Bath, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 699 Square Feet
Appliances & Utilities
Appliances: Dryer, Microwave, Oven, Range, Refrigerator, WasherDryerLaundry: Laundry Closet,Main LevelMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Stories: 1Levels: One
View
Has a ViewView: River

Exterior Features

Exterior Home Features
Patio / Porch: DeckExterior: DeckFoundation: Stone, Cellar
Parking & Garage
No Garage
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 699 Square Feet

Days on Market

Cumulative Days on Market: 108

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: One Story
Building
Construction Materials: Aluminum SidingNot a New Construction
Property Information
Condition: ResaleParcel Number: 0110405300

Price & Status

Price
List Price: $215,000
Status Change & Dates
Off Market Date: Mon Jul 07 2025Possession Timing: Negotiable

Active Status

MLS Status: Closed

Location

Direction & Address
City: Madison

Building

Building Area
Building Area: 699 Square Feet

HOA

Association for this Listing: Southern Indiana REALTORS Association

Lot Information

Lot Area: 2626.668 sqft

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Miscellaneous

BasementMls Number: 202507725Living Area Range Units: Square FeetWater ViewWater View: RiverAttribution Contact: 888-611-3912Above Grade Unfinished Area: 699Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-18077-N-0110405300-R-N
Last check for updates: about 2 hours ago
Listed by William Andes
eXp Realty, LLC
Bought with: OUTSIDE AGENT, OUTSIDE COMPANY
Originating MLS: Southern Indiana REALTORS Association
Source: SIRA, MLS#202507725

Price History for 316 E First Street

DatePriceEventSource
08/22/2025$205,000Sold
SIRA #202507725
06/24/2025$215,000PriceChange
SIRA #202507725
05/06/2025$218,000Listed For SaleSIRA #202507725
05/01/2025$218,000ListingRemovedSIRA #2024011954
11/01/2024$218,000Listed For SaleSIRA #2024011954
08/28/2024$225,000ListingRemovedSIRA #202406751
06/13/2024$235,000PendingToActiveSIRA #202406751
06/03/2024$235,000PendingSIRA #202406751
03/28/2024$235,000Listed For SaleSIRA #202406751
03/28/2024ListingRemovedSIRA #2023010642
03/27/2024$239,000PendingToActiveSIRA #2023010642
02/05/2024$239,000PendingSIRA #2023010642
09/22/2023$239,000Listed For SaleSIRA #2023010642
11/24/2020$79,900Sold
SIRA #202009563
07/29/2020$79,900Listed For SaleAgent Provided

Market trends in Madison

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$253K
Sale-to-List Price
—
Price per sq ft
$153
Available listings
93
1MoM
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Property Tax and Assessment

Year2025
Tax$1,124
Assessment$50,800
Home facts updated by county records

Comparable Sales for 316 E First Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
510 E First Street, Madison, IN
0.16
Single-Family Home
$179,900
10/10/25
1
1
754
117 Walnut Street, Madison, IN
0.02
Single-Family Home
$390,000
05/19/26
2
1
1,261
616 Gerry Lane, Madison, IN
0.39
Single-Family Home
$145,000
06/18/26
2
1
764
710 Gerry Lane, Madison, IN
0.44
Single-Family Home
$138,500
04/10/26
1
1
736
212 St. Michaels Avenue, Madison, IN
0.20
Single-Family Home
$210,000
10/17/25
2
1.5
1,152
215 W Main Street, Madison, IN
0.33
Single-Family Home
$269,000
03/11/26
1
1.5
2,038
720 E Second Street, Madison, IN
0.30
Single-Family Home
$145,000
02/06/26
2
1
1,165
423 E Fourth Street, Madison, IN
0.37
Single-Family Home
$275,000
09/19/25
2
1
1,824
106 Ferry St, Madison, IN
0.53
Single-Family Home
$249,550
08/29/25
2
1
1,025

Nearby homes

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Assigned Schools

These are the assigned schools for 316 E First Street.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Madison

At least 44 Trulia users voted on each feature.

  • 87 % Say car is needed

  • 79 % Say it's dog friendly

  • 79 % Say yards are well-kept

  • 78 % Say there's holiday spirit

  • 77 % Say people would walk alone at night

  • 68 % Say there's wildlife

  • 67 % Say parking is easy

  • 59 % Say kids play outside

  • 56 % Say it's quiet

  • 55 % Say there are sidewalks

  • 53 % Say neighbors are friendly

  • 48 % Say they plan to stay for at least 5 years

  • 47 % Say streets are well-lit

  • 44 % Say it's walkable to restaurants

  • 33 % Say there are community events

  • 28 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Colemoederzoon3
    "Very touristy, very historical. Very quaint lots of festivals year round. Theres a lot of good people in this town. Homes are quite expensive though. Road maintenance could help out"
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  • Kaylee H.
    "A great well rounded community and very great place to live. Schooling is amazing and there are so many activities that family can do and many different attractions for people from outside of town. "
    4
    Flag
  • Quenton T.
    "Wonderful place to live. Small Town life with larger city amenities. Quiet and peaceful with a vibrant community. "
    0
    Flag
  • Samvin107
    "There’s quite a few families and a church a block away and a nursing home next to the church. Very quiet neighborhood "
    0
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  • Pam T. W.
    "Lots of music almost every weekend in the summer. Great little shops on Main Street. Lovely river walk. Everyone makes you feel welcome. "
    0
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  • Robert Danehy
    "Most beautiful historical society in the country! People are the friendliest that you will ever meet. Gorgeous River Front. Best Festival's in the country in the Summer. 5 different Schools.. About 69 of the most beautiful church's you ever seen. Moved here 2 years ago and now i don't ever want to leave!!"
    4
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  • Robert Danehy
    "Madison is the most beautiful historical society in the country! An the people here are the most friendly that you will ever meet. Church's beautiful church's. Fine Dinning. Choice of Schools. Most beautiful River Front in the state! Nite life is fantastic. None tru out the country for are festivals. An about 40 minutes each way Cincinnati to the East an Louisville to the West. Parks for kids everywhere."
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  • Jessica D.
    "My neighborhood is pretty quiet. There are a few stray cats but nothing major. I am close to shopping and restaurants. "
    0
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  • Aschmidlapprn11
    "There are lots of sidewalks to walk the dogs on. There is a walkway around the lake near our house as well so it is healthy and fun for them and us as well. "
    1
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  • Aschmidlapprn11
    "We have lived here for 5 years and we are within a few minutes of everything. We are close to schools, shopping, restaurants and parks"
    1
    Flag
  • Ericanapier05
    "Beautiful scenery, great neighborhood, close to town, wildlife, low traffic. Good school selection public and private. "
    0
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  • Cotydunn05
    "This neighborhood sits back away from busier roads. A nice little cul-de-sac where kids play and people wave! "
    2
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  • Ambergaraas1976
    "It is quiet and is within walking distance to Clifty Park. It is the perfect place to walk the dogs because there are little to no sidewalks in this town. "
    0
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  • Ambergaraas1976
    "It is within walking distance to Clifty Falls state park. Since this town has very few sidewalks it is nice to take the dogs there to walk without a lot of traffic. "
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Off Market Homes Near 316 E First Street

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IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.