Sold
Last Sold Price
3 beds1,200 sqft

508 W State St, Madison, IN 47250

Single FamilyProperty Type
0.07 acresLot Size
1974Year Built
$104/sq ftPrice per sq ft
1 carParking Spaces

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 rooms—perfect for bedrooms or office space—along with a second full bath. The area beneath the home provides...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 rooms—perfect for bedrooms or office space—along 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 chance—schedule a showing today! Property recently appraised and priced accordingly. Zoned General Business.
  • Listed by: Jim Pruett • eXp Realty, LLC 812-274-0660
Listing closed: 10/22/2025 12:00 AM • Source: Southern Indiana REALTORS® Association, MLS#: 202506124
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Recent comparable sales

Median sold price

$126,000

Avg days on market

78

Sale-to-list ratio

94.8%

Madison, IN

9 comparable properties found

$125,000 | 508 State Street, Madison, IN 47250
1/23
1

$125,000

Sold 10/22/25

3
Bedrooms
1,200
Square Feet
0.07
Acres
$120,000 | 308 Montclair Street, Madison, IN 47250
1/36
2

$120,000

Sold 01/05/26

3
Bedrooms
1,440
Square Feet
0.38
Acres
$135,000 | 2302 Hargan Drive, Madison, IN 47250
1/16
3

$135,000

Sold 01/08/26

3
Bedrooms
1,232
Square Feet
0.53
Acres
$126,000 | 1436 Clifty Drive, Madison, IN 47250
1/9
4

$126,000

Sold 12/23/24

3
Bedrooms
1,384
Square Feet
0.37
Acres
$95,000 | 628 West 3rd Street, Madison, IN 47250
1/46
5

$95,000

Sold 05/27/26

3
Bedrooms
1,238
Square Feet
0.15
Acres
$126,000 | 231 Hendricks Street, Madison, IN 47250
1/20
6

$126,000

Sold 03/21/25

3
Bedrooms
1,834
Square Feet
0.18
Acres
$219,000 | 811 Montclair Street, Madison, IN 47250
1/22
7

$219,000

Sold 08/07/26

3
Bedrooms
1,104
Square Feet
0.42
Acres
$182,000 | 132 Hillcrest Drive, Madison, IN 47250
1/18
8

$182,000

Sold 09/22/25

3
Bedrooms
1,092
Square Feet
0.29
Acres
$245,000 | 59 Rose Allen Way, Madison, IN 47250
1/22
9

$245,000

Sold 07/31/26

3
Bedrooms
1,279
Square Feet
0.09
Acres

Location

Listing Courtesy of eXp Realty, LLC

Sold By eXp Realty, LLC

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Property Information for 508 West State Street

Property Details

  • Taxes: $1,258 / year
  • MLS Type: Residential / Residential
  • Architectural Style: OneAndOneHalfStory
  • Stories: 1
  • Zoning: Residential,Commercial

Building Information

  • Year Built: 1974
  • Lot Size: 0.07 AC / 3,049 SF

Summary

Location and General Information
  • 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.
  • Longitude: -85.397024
  • State Or Province: IN
  • Township: Madison
  • Postal Code: 47250
  • Postal Code Plus: 2835
  • City: Madison
  • County Or Parish: Jefferson_IN
  • Latitude: 38.76143
  • Zoning Description: Residential,Commercial
  • MLS Area Major: Hilltop
  • MLS Area Minor: 13-Indiana
Taxes and HOA Information
  • Tax Annual Amount: $1,258.00
  • Tax Legal Description: 011-01564-00 W PT BLK 3 B & E ADD 11-37-27 508 STATE ST
  • Association: No
  • Parcel Number: 390827224054000007
Parking
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached, Garage
  • Attached Garage: Yes
  • Other Parking: Off Street

Property

Lot Information
  • Above Grade Finished Area Source: Assessor
  • Below Grade Finished Area: 0.0
  • Above Grade Finished Area: 1200.0
  • Living Area: 1200.0
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3049.2
  • Lot Size Units: Acres
  • Living Area Source: Other
  • Building Area Source: Assessor
  • Building Area Total: 1200.0
Property and Assessments
  • Road Surface Type: Paved
  • Property Condition: Resale
  • Year Built: 1974
  • New Construction: No
Utilities
  • Water Source: Connected, Public
  • Sewer: PublicSewer
  • Utilities: Electricity Connected

Interior and Exterior Features

Exterior Features
  • Construction Materials: VinylSiding
  • Exterior Features: Deck
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Foundation Details: Block
Interior Features
  • Basement: No
  • Appliances: Dryer, Oven, Range, Refrigerator, Washer
  • Cooling: Yes
  • Cooling: CentralAir
  • Fireplace: No
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Heating: Yes
  • Bedrooms Total: 3
  • Heating: ForcedAir
  • Laundry Features: MainLevel, LaundryRoom
  • Levels: OneAndOneHalf
  • Rooms Total: 10

Room Information

Room 1
  • Room Type: Other
  • Room Description: Unfinished area and stairs to garage
  • Room Dimensions: 30 x 12
  • Room Length: 12.0
  • Room Level: Second
  • Room Width: 30.0
Room 2
  • Room Type: Other
  • Room Description: Utility room
  • Room Dimensions: 5.3 x 8
  • Room Length: 8.0
  • Room Level: First
  • Room Width: 5.3
  • Room Flooring: Vinyl
Room 3
  • Room Type: FullBath
  • Room Level: Second
  • Room Flooring: Vinyl
Room 4
  • Room Type: Bedroom
  • Room Description: Currently used as office
  • Room Dimensions: 12 x 12
  • Room Length: 12.0
  • Room Level: Second
  • Room Width: 12.0
  • Room Flooring: Carpet
Room 5
  • Room Type: Bedroom
  • Room Dimensions: 12 x 12
  • Room Length: 12.0
  • Room Level: Second
  • Room Width: 12.0
  • Room Flooring: Carpet
Room 6
  • Room Type: FullBath
  • Room Description: Shower
  • Room Level: First
  • Room Flooring: Vinyl
Room 7
  • Room Type: Bedroom
  • Room Description: 2 Closets
  • Room Dimensions: 12.4 x 13.1
  • Room Length: 13.1
  • Room Level: First
  • Room Width: 12.4
  • Room Flooring: Carpet
Room 8
  • Room Type: Kitchen
  • Room Dimensions: 8.4 x 12.7
  • Room Length: 12.7
  • Room Level: First
  • Room Width: 8.4
  • Room Flooring: Vinyl
Room 9
  • Room Type: DiningRoom
  • Room Dimensions: 9.7 x 9.5
  • Room Length: 9.5
  • Room Level: First
  • Room Width: 9.7
  • Room Flooring: Vinyl
Room 10
  • Room Type: LivingRoom
  • Room Dimensions: 15 x 13.11
  • Room Length: 13.11
  • Room Level: First
  • Room Width: 15.0
  • Room Flooring: Vinyl

Mobile Home

Mobile Home Information
  • Human Modified: Yes

Agent

Confidential
  • Internet Entire Listing Display: Yes

Rental

Rental Information
  • Lease Considered: No
  • Occupant Type: Owner

Property History for 508 West State Street

DateEvent & SourcePriceAppreciation
Oct 22, 2025

Sold

Greater Louisville Association of REALTORS #1680983

$125,000—
Oct 22, 2025

Sold

Southern Indiana REALTORS® Association #202506124

$125,000—
Oct 8, 2025

Pending

Greater Louisville Association of REALTORS #1680983

—
DateEvent & SourcePrice
10/22/2025

Sold

Greater Louisville Association of REALTORS #1680983

$125,000
10/22/2025

Sold

Southern Indiana REALTORS® Association #202506124

$125,000
10/08/2025

Pending

Greater Louisville Association of REALTORS #1680983

—

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

Public Records for 508 West State Street

Taxable Value

Land

$5,100

Additions

$59,400
Total$64,500

Tax Record

2025

$1,290 ($108 / month)

Home Facts

Beds

2

Baths

2

Total Finished SqFt

1,560 SqFt

Above Grade Finished SqFt

1,560 SqFt

Unfinished Basement SqFt

576 SqFt

Stories

2

Lot Size

3,050 SqFt

Style

Single Family Residence

Year Built

1974

Year Renovated

1974

County

JEFFERSON

APN

39-08-27-224-054.000-007

Schools near 508 West State Street

This home is within Madison Consolidated Schools.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 508 West State Street, Madison, IN 47250
$125,000
3
1,200
3,049
$125,000
3
1,200
3,049
–
–
1
1,377
6,600
–
–
–
836
6,223
–
–
–
–
10,800
–
–
–
5,208
17,293

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

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.