508 State St

Madison, IN 47250

$125,000
Last Sold Price
3
Beds
1,200 Sq. Ft.
$104 / Sq. Ft.
1,200
Sq. Ft.
$104
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 10/22/25
Closed 10/22/25

Description

Unlock the potential of this versatile property on Madison's Hilltop! Whether you're looking for a residential home, a commercial space, or a combination of both, this prime location offers endless possibilities. The main level is currently set up as an apartment, featuring a cozy living room, kitchen, dining area, bedroom, full bath, and utility room. Upstairs, you'll find two additional roomsperfect for bedrooms or office spacealong with a second full bath. The area beneath the home provides convenient...Unlock the potential of this versatile property on Madison's Hilltop! Whether you're looking for a residential home, a commercial space, or a combination of both, this prime location offers endless possibilities. The main level is currently set up as an apartment, featuring a cozy living room, kitchen, dining area, bedroom, full bath, and utility room. Upstairs, you'll find two additional roomsperfect for bedrooms or office spacealong with a second full bath. The area beneath the home provides convenient storage or space for a golf cart. Situated in a high-traffic area, this property is an excellent investment opportunity. Inspections are welcome, but the property is being sold as-is. Don't miss your chanceschedule a showing today! The apartment is occupied by a tenant and requires 24 hour notice for showings. Property recently appraised and priced accordingly. Tenant pay $800 plus 50% of utilities which averages $120/mo.
  1. Listed by Jim Pruett • Exp Realty

Property Details for 508 State Street

Zoning
Other-See Remarks
Directions
From Main Street head North onto Cragmont Street. In 1.7 miles make a left at the 4-way stop. The property will be located immediately to your right.
Water Frontage
0.0
LISTING UPDATED: 10/22/2025 03:11 PM

Property Details for 508 State Street

StatusClosed
MLS #204506
Days on Market222
Taxes$1,258 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1974
Lot Size0.07 AC / 3,049 SF
CountyJefferson County
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Location

Listing Courtesy of Exp Realty

Sold By Non-mls Office

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Building Information for 508 State Street

Stories-Year Built1974Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

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$714 per month

30 year fixed, 6.15% Interest

Principal and Interest

$609

Property Taxes

$105

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 508 State Street

Summary
Location and General Information
  • County: Jefferson
  • City: Madison
  • State: IN
  • ZIP: 47250
  • Longitude: .00
  • Latitude: .00
  • Township: Madison
  • Subdivision Y/N: No
Taxes and HOA
  • Semi-Annual Taxes: 629
  • Tax Exemptions: None
  • Parcel ID: 39-08-27-224-054.000-007
  • HOA Yes/No: No
School Information
  • School District: Madison Consolidated
  • School Name 1: Madison Consolidated
  • School Name 2: Madison Consolidated
  • School Type 1: Elementary School
  • School Type 2: High School
Parking
  • Garage Dimensions: 24x24
  • Garage Spaces: 1.00
  • Garage Y/N: Yes
  • Garage/Carport: Garage Attached
  • Carport Spaces: .00
  • Driveway Type: Blacktop, Concrete
  • Easements: None
  • Parking: Driveway
Property
Lot Information
  • Acres: 0.07
  • Above Grade Fin SF: 1200.0
  • Other Acres: 0.0
  • Tillable Acres: 0.0
  • Pastured Acres: 0.0
  • Wooded Acres: 0.0
  • Lot Dimensions: odd
  • Lot Measurement: Acres
  • Lot Square Footage: 3049.0
  • Square Footage: 1200.0
  • Price Per Acre: $.00
  • Price Per Square Foot: $.00
  • Total Basement SF: 0.0
  • Total Finished SF: 1200.0
  • Foundation: Block
  • Below Grade Fin SF: 0.0
Property and Assessments
  • Property Subtype 1: Single Family
  • Property Type: Residential
  • Property Disclaimer: Information has not been verified, is not guaranteed and subject to change.
  • Picture Count: 22
  • Road Frontage: 0.0
  • Year Renovated: 0.0
  • Financing: Cash
  • Year Built: 1974
  • Single Family Type: Single Family Detach
  • Auction: No
  • Age: 0
  • Bath Lvl 1 Type: Full
  • Construction: Vinyl Siding
  • Architecture: Other
  • Complete Renovation: No
  • Type of Home: Stick Built
  • FIPS Code: 77
  • MfgHomesAllowed Y/N: No
  • New Construction: No
  • Possession: Tenant Rights
  • Property Ownership: Consumer
  • Through Payable Year: 0.0
  • Road Surface: Paved
  • Steps To Bldg Door: 0.0
  • Special Listing Cond: None
  • Steps To Unit Door: 0.0
  • HERS Rating (RESNET): 0.0
  • Historical Dist Y/N: No
  • Validated: Yes
Utilities
  • Gas: At Street
  • Sewer: Private Sewer
  • Waterfront Y/N: No
  • Water Source: Public
  • Pond/Lake Y/N: No
Interior and Exterior Features
Exterior Features
  • Levels: One and One Half
  • Levels In Building: 0
  • Fencing Y/N: No
  • PUD Y/N: No
  • Pool Y/N: No
Interior Features
  • Fireplaces: 0
  • Roof: Shingle
  • Basement Y/N: No
  • Water Heating: Electric
  • StudyOffice Area: 0.0
  • StudyOffice Dim: 0.00 x 0.00
  • StudyOffice Len: 0.0
  • StudyOffice Wid: 0.0
  • Interior Walls: Drywall
  • Cooling: Central Air
  • Heating: Forced Air
  • Windows: Other
Room Information
Additional Room Information
  • Total Rooms: 8
  • OtherRoom1 Area: 360.0
  • OtherRoom1 Dim: 12.00 x 30.00
  • OtherRoom1 Len: 12.0
  • OtherRoom1 Wid: 30.0
  • Other Room 1: 12x30 Level: 2
  • OtherRoom2 Area: 0.0
  • OtherRoom2 Dim: 0.00 x 0.00
  • OtherRoom2 Len: 0.0
  • OtherRoom2 Wid: 0.0
  • OtherRoom3 Area: 0.0
  • OtherRoom3 Dim: 0.00 x 0.00
  • OtherRoom3 Len: 0.0
  • OtherRoom3 Wid: 0.0
  • OtherRoom4 Area: 0.0
  • OtherRoom4 Dim: 0.00 x 0.00
  • OtherRoom4 Len: 0.0
  • OtherRoom4 Wid: 0.0
  • OtherRoom5 Area: 0.0
  • OtherRoom5 Dim: 0.00 x 0.00
  • OtherRoom5 Len: 0.0
  • OtherRoom5 Wid: 0.0
  • OtherRoom6 Area: 0.0
  • OtherRoom6 Dim: 0.00 x 0.00
  • OtherRoom6 Len: 0.0
  • OtherRoom6 Wid: 0.0
  • OtherRoom7 Area: 0.0
  • OtherRoom7 Dim: 0.00 x 0.00
  • OtherRoom7 Len: 0.0
  • OtherRoom7 Wid: 0.0
  • OtherRoom8 Area: 0.0
  • OtherRoom8 Dim: 0.00 x 0.00
  • OtherRoom8 Len: 0.0
  • OtherRoom8 Wid: 0.0
  • OtherRoom9 Area: 0.0
  • OtherRoom9 Dim: 0.00 x 0.00
  • OtherRoom9 Len: 0.0
  • OtherRoom9 Wid: 0.0
  • OtherRoom10 Area: 0.0
  • OtherRoom10 Dim: 0.00 x 0.00
  • OtherRoom10 Len: 0.0
  • OtherRoom10 Wid: 0.0
Entry Room Information
  • Entry Area: 0.0
Breakfast Room Information
  • BreakfastRoom Area: 0.0
  • BreakfastRoom Dim: 0.00 x 0.00
  • BreakfastRoom Len: 0.0
  • BreakfastRoom Wid: 0.0
Master Bedroom Information
  • Master Bedroom: 13.10x12.40 Level: 1
  • MasterBedroom Area: 162.44
  • MasterBedroom Dim: 13.10 x 12.40
  • MasterBedroom Len: 13.1
  • MasterBedroom Wid: 12.4
Bedroom Information
  • Bedroom Level 1: Yes
  • Bedroom2 Area: 144.0
  • Bedroom2 Dim: 12.00 x 12.00
  • Bedroom2 Len: 12.0
  • Bedroom2 Wid: 12.0
  • Bedroom 2: 12x12 Level: 2
  • Bedroom3 Area: 144.0
  • Bedroom3 Dim: 12.00 x 12.00
  • Bedroom3 Len: 12.0
  • Bedroom3 Wid: 12.0
  • Bedroom 3: 12x12 Level: 2
  • Bedroom4 Area: 0.0
  • Bedroom4 Dim: 0.00 x 0.00
  • Bedroom4 Len: 0.0
  • Bedroom4 Wid: 0.0
  • Bedroom 4: 0x0 Level:
  • Bedroom5 Area: 0.0
  • Bedroom5 Dim: 0.00 x 0.00
  • Bedroom5 Len: 0.0
  • Bedroom5 Wid: 0.0
  • Bedroom 5: 0x0 Level:
  • Bedrooms: 3
Bathrooms Information
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Quarter Bathrooms: 0
  • Bathroom Level 1: Yes
  • Three Quarter Bathrooms: 0
Dining Room
  • DiningRoom Area: 92.15
  • DiningRoom Dim: 9.50 x 9.70
  • DiningRoom Len: 9.5
  • DiningRoom Wid: 9.7
  • Dining Room: 9.50x9.70 Level: 1
  • Formal Dining Room: No
Sun Room
  • SunRoom Area: 0.0
  • SunRoom Dim: 0.00 x 0.00
  • SunRoom Len: 0.0
  • SunRoom Wid: 0.0
Laundry Room
  • Laundry Room: 8x5.30 Level: 1
  • Laundry Level 1: Yes
  • LaundryRoom Area: 42.4
  • LaundryRoom Dim: 8.00 x 5.30
  • LaundryRoom Len: 8.0
  • LaundryRoom Wid: 5.3
Kitchen Room
  • Kitchen Area: 106.68
  • Kitchen Dim: 12.70 x 8.40
  • Kitchen Len: 12.7
  • Kitchen Wid: 8.4
  • Kitchen: 12.70x8.40 Level: 1
Living Room
  • Living Room: 13.11x15 Level: 1
  • LivingRoom Area: 196.65
  • LivingRoom Dim: 13.11 x 15.00
  • LivingRoom Len: 13.11
  • LivingRoom Wid: 15.0
Mud Room
  • MudRoom Area: 0.0
  • MudRoom Dim: 0.00 x 0.00
  • MudRoom Len: 0.0
  • MudRoom Wid: 0.0
Family Room
  • Family Room: No
  • FamilyRoom Area: 0.0
  • FamilyRoom Dim: 0.00 x 0.00
  • FamilyRoom Len: 0.0
  • FamilyRoom Wid: 0.0
Great Room
  • GreatRoom Area: 0.0
  • GreatRoom Dim: 0.00 x 0.00
  • GreatRoom Len: 0.0
  • GreatRoom Wid: 0.0
Recreation Room
  • RecreationRoom Area: 0.0
  • RecreationRoom Dim: 0.00 x 0.00
  • RecreationRoom Len: 0.0
  • RecreationRoom Wid: 0.0
Rental
Rental Information
  • Lease Type: Net
  • Available for Lease: No

Property History for 508 State Street

DateEvent & SourcePriceAppreciation
Oct 22, 2025

Sold

Southeastern Indiana Board of REALTORS #204506

$125,000—
Oct 8, 2025

Pending

Southeastern Indiana Board of REALTORS #204506

—
Feb 28, 2025

Listed (Active)

Southeastern Indiana Board of REALTORS #204506

$162,500—
Feb 29, 2020

Expired

Southern Indiana REALTORS® Association #J20190419

$98,500—
Aug 14, 2019

Listed (Active)

Southern Indiana REALTORS® Association #J20190419

$109,900—
DateEvent & SourcePrice
10/22/2025

Sold

Southeastern Indiana Board of REALTORS #204506

$125,000
10/08/2025

Pending

Southeastern Indiana Board of REALTORS #204506

—
02/28/2025

Listed (Active)

Southeastern Indiana Board of REALTORS #204506

$162,500
02/29/2020

Expired

Southern Indiana REALTORS® Association #J20190419

$98,500
08/14/2019

Listed (Active)

Southern Indiana REALTORS® Association #J20190419

$109,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 508 State Street

This home is within Madison Consolidated Schools.
Rating
School
Type
Grades
Distance
Madison Consolidated Jr High School
Public - 5 to 8
Madison Consolidated High School
Public - 9 to 12
Anderson Elementary School
Public - PK to 4
Lydia Middleton Elementary School
Public - PK to 4
Rating
School
Distance
Madison Consolidated Jr High School
Public5 to 8

Madison Consolidated High School
Public9 to 12

Anderson Elementary School
PublicPK to 4

Lydia Middleton Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exp Realty

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.