708 E Main St

$799,900
Price
5
Beds
4,404 Sq. Ft.
$182 / Sq. Ft.
4,404
Sq. Ft.
$182
per Sq. Ft.

Description

CIRCA 1840'S HISTORIC HOME - Step into history with this stunning home, located in the heart of historic downtown Madison, Indiana. Currently operating as the successful Iron Gate Inn Bed & Breakfast, this property offers an extraordinary opportunity to own a piece of Madison’s heritage while continuing a thriving business or enjoying as an exquisite private residence. Inside, the home showcases a grand parlor with soaring 13-foot ceilings, 11-foot Jefferson windows, and an original stamped tin ceiling....CIRCA 1840'S HISTORIC HOME - Step into history with this stunning home, located in the heart of historic downtown Madison, Indiana. Currently operating as the successful Iron Gate Inn Bed & Breakfast, this property offers an extraordinary opportunity to own a piece of Madison’s heritage while continuing a thriving business or enjoying as an exquisite private residence. Inside, the home showcases a grand parlor with soaring 13-foot ceilings, 11-foot Jefferson windows, and an original stamped tin ceiling. Four original gas lamps, converted to electric—including three depicting the Ages of Man—illuminate the history and artistry of the home. With 8 fireplaces, inlaid wood floors, a graceful foyer, elegant double covered side porches, a large updated eat-in kitchen, and a formal dining room, the home is designed for both beauty and function. The property features 5 spacious bedrooms and 5.5 bathrooms—all of the bedrooms each include their own private bath—making it ideal for hosting guests or extended family. The finished attic space can be used as an additional bedroom/office/craft room or storage. The attached carriage house still functions as a garage, and the brick patio and lovely gardens provide serene outdoor living spaces. This is more than a home—it’s a legacy. Whether you choose to continue operating it as a proven Bed & Breakfast or transform it into a private estate, this remarkable property offers history, charm, and modern functionality in one.
  1. Listed by Scott Lynch • F.C. Tucker/Scott Lynch Group • 812-265-3122

Property Details for 708 East Main Street

Architectural Style
HistoricAntique, TwoStory
Stories
2
Community Features
Sidewalks
Zoning
Residential
LISTING UPDATED: 08/20/2025 03:24 PM

Property Details for 708 East Main Street

StatusActive
MLS #2025010435
Days on Market119
Taxes$8,752 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Residential
Year Built1845
Lot Size0.19 AC / 8,276 SF
CountyJefferson County

Location

Listing Courtesy of F.C. Tucker/Scott Lynch Group
Add your commute

Building Information for 708 East Main Street

Stories2Year Built1845Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$4,682 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,953

Property Taxes

$729

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 708 East Main Street

Summary
Location and General Information
  • Directions: GPS Friendly. Located on the south side of East Main Street
  • State Or Province: IN
  • Township: Madison
  • Postal Code: 47250
  • City: Madison
  • County Or Parish: Jefferson_IN
  • Zoning Description: Residential
  • MLS Area Major: Downtown
Taxes and HOA Information
  • Tax Annual Amount: $8,752.00
  • Tax Legal Description: 011-03589-00 49 FT LOT 2 BLK 11 MCI ADD E 11-125-20
  • Parcel Number: 391302113036000007
School Information
  • Elementary School District: Madison Cons.
  • Middle Or Junior School District: Madison Cons.
  • High School District: Madison Cons.
Parking
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached, Garage
  • Attached Garage: Yes
  • Other Parking: On Street
Property
Lot Information
  • Above Grade Finished Area Source: Assessor
  • Below Grade Finished Area: 0.0
  • Above Grade Finished Area: 4404.0
  • Living Area: 4404.0
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8276.4
  • Lot Size Units: Acres
  • Lot Size Dimensions: 49X168
  • Building Area Source: Assessor
  • Building Area Total: 4404.0
Property and Assessments
  • Road Surface Type: Paved
  • Property Condition: Resale
  • Year Built: 1845
  • New Construction: No
Utilities
  • Water Source: Connected, Public
  • Sewer: PublicSewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Frame
  • Exterior Features: Fence, Landscaping, PavedDriveway, Porch, Patio
  • Fencing: YardFenced
  • Patio And Porch Features: Covered, Patio, Porch
  • Roof: Shingle
  • Foundation Details: Stone
Interior Features
  • Basement: Yes
  • Appliances: Dryer, Dishwasher, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Partial, Unfinished
  • Cooling: Yes
  • Cooling: CentralAir
  • Fireplace: Yes
  • Fireplace Features: Decorative
  • Fireplaces Total: 8
  • Bathrooms Full: 5
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 6
  • Heating: Yes
  • Bedrooms Total: 5
  • Heating: ForcedAir
  • Laundry Features: MainLevel, LaundryRoom
  • Levels: Two
  • Rooms Total: 16
  • Interior Features: Attic, Bookcases, CeilingFans, SeparateFormalDiningRoom, EntranceFoyer, EatInKitchen, HomeOffice, KitchenIsland, BathInPrimaryBedroom, MainLevelPrimary, MudRoom, Pantry, Storage, UtilityRoom, NaturalWoodwork
Room Information
Room 1
  • Room Type: Other
  • Room Description: Finished attic space/Flex room/Bedroom/office
  • Room Dimensions: 12.6 x 10.7
  • Room Length: 10.7
  • Room Level: Third
  • Room Width: 12.6
  • Room Flooring: Wood
Room 2
  • Room Type: Bedroom
  • Room Description: Contains full bath & access to covered balcony
  • Room Dimensions: 14.8 x 15.2
  • Room Length: 15.2
  • Room Level: Second
  • Room Width: 14.8
  • Room Flooring: Wood
Room 3
  • Room Type: Bedroom
  • Room Description: Contains full bath with shower
  • Room Dimensions: 15.4 x 10.10
  • Room Length: 10.1
  • Room Level: Second
  • Room Width: 15.4
  • Room Flooring: Wood
Room 4
  • Room Type: Bedroom
  • Room Description: Contains full bath with tile floor
  • Room Dimensions: 14.10 x 15.1
  • Room Length: 15.1
  • Room Level: Second
  • Room Width: 14.1
  • Room Flooring: Wood
Room 5
  • Room Type: FullBath
  • Room Description: Full bath with shower/ walk in closet
  • Room Level: Second
  • Room Flooring: Wood
Room 6
  • Room Type: Other
  • Room Description: Sitting room
  • Room Dimensions: 12 x 13.4
  • Room Length: 13.4
  • Room Level: Second
  • Room Width: 12.0
  • Room Flooring: Wood
Room 7
  • Room Type: Bedroom
  • Room Description: Caretakers bedroom
  • Room Dimensions: 15.10 x 16.2
  • Room Length: 16.2
  • Room Level: Second
  • Room Width: 15.1
  • Room Flooring: Wood
Room 8
  • Room Type: Other
  • Room Description: Laundry Room/ Half Bath
  • Room Dimensions: 9 x 10.5
  • Room Length: 10.5
  • Room Level: First
  • Room Width: 9.0
  • Room Flooring: Wood
Room 9
  • Room Type: FullBath
  • Room Description: Located off of main bedroom
  • Room Level: First
  • Room Flooring: Tile
Room 10
  • Room Type: Other
  • Room Description: Sitting room/library w/ built in bookshelves
  • Room Dimensions: 12.3 x 13.6
  • Room Length: 13.6
  • Room Level: First
  • Room Width: 12.3
  • Room Flooring: Carpet
Room 11
  • Room Type: PrimaryBedroom
  • Room Description: Level 1 Bedroom
  • Room Dimensions: 13.4 x 11.7
  • Room Length: 11.7
  • Room Level: First
  • Room Width: 13.4
  • Room Flooring: Wood
Room 12
  • Room Type: FamilyRoom
  • Room Description: Den off of Kitchen
  • Room Dimensions: 12.7 x 13.4
  • Room Length: 13.4
  • Room Level: First
  • Room Width: 12.7
  • Room Flooring: Wood
Room 13
  • Room Type: Kitchen
  • Room Description: eat in kitchen w/Walk in pantry & fireplace
  • Room Dimensions: 19.6 x 15.7
  • Room Length: 15.7
  • Room Level: First
  • Room Width: 19.6
  • Room Flooring: Wood
Room 14
  • Room Type: DiningRoom
  • Room Description: Dining room with 1 fireplace
  • Room Dimensions: 14.11 x 15.10
  • Room Length: 15.1
  • Room Level: First
  • Room Width: 14.11
  • Room Flooring: Wood
Room 15
  • Room Type: Other
  • Room Description: Beautiful Foyer
  • Room Dimensions: 27.7 x 8.4
  • Room Length: 8.4
  • Room Level: First
  • Room Width: 27.7
  • Room Flooring: Wood
Room 16
  • Room Type: LivingRoom
  • Room Description: Grand Parlor with 2 fireplaces
  • Room Dimensions: 30.11 x 16.3
  • Room Length: 16.3
  • Room Level: First
  • Room Width: 30.11
  • Room Flooring: Wood
Mobile Home
Mobile Home Information
  • Human Modified: Yes
Agent
Confidential
  • Internet Entire Listing Display: Yes
Rental
Rental Information
  • Occupant Type: Owner

Property History for 708 East Main Street

DateEvent & SourcePriceAppreciation
Aug 19, 2025

Listed (Active)

Southern Indiana REALTORS® Association #2025010435

$799,900
Oct 29, 2020

Sold

Southern Indiana REALTORS® Association #202008315

$400,000
Aug 21, 2020

Pending

Southern Indiana REALTORS® Association #202008315

Jun 8, 2020

Listed (Active)

Southern Indiana REALTORS® Association #202008315

$459,900
Mar 20, 2020

Expired

Southern Indiana REALTORS® Association #J20190511

$479,900
Sep 20, 2019

Listed (Active)

Southern Indiana REALTORS® Association #J20190511

$479,900
Apr 2, 2019

Withdrawn

Southern Indiana REALTORS® Association #J20160631

$459,900
Nov 10, 2016

Listed (Active)

Southern Indiana REALTORS® Association #J20160631

$469,900
Sep 1, 2016

Expired

Southern Indiana REALTORS® Association #J20160090

$469,900
Mar 1, 2016

Listed (Active)

Southern Indiana REALTORS® Association #J20160090

$469,900
Dec 31, 2015

Expired

Southern Indiana REALTORS® Association #J20150019

$475,000
Jan 12, 2015

Listed (Active)

Southern Indiana REALTORS® Association #J20150019

$485,000
Dec 9, 2014

Expired

Southern Indiana REALTORS® Association #J20140296

$485,000
Jun 9, 2014

Listed (Active)

Southern Indiana REALTORS® Association #J20140296

$485,000
Mar 24, 2005

Sold

Southern Indiana REALTORS® Association #J2005115

$325,000
Feb 5, 2005

Pending

Southern Indiana REALTORS® Association #J2005115

Feb 5, 2005

Listed (Active)

Southern Indiana REALTORS® Association #J2005115

$325,000
Dec 20, 2004

Sold

Southern Indiana REALTORS® Association #J2003075

$325,000
Oct 31, 2004

Pending

Southern Indiana REALTORS® Association #J2003075

Jan 27, 2003

Listed (Active)

Southern Indiana REALTORS® Association #J2003075

$349,900
Dec 20, 2002

Expired

Southern Indiana REALTORS® Association #J1020623

$349,900
Sep 4, 2001

Listed (Active)

Southern Indiana REALTORS® Association #J1020623

$395,000
DateEvent & SourcePrice
08/19/2025

Listed (Active)

Southern Indiana REALTORS® Association #2025010435

$799,900
10/29/2020

Sold

Southern Indiana REALTORS® Association #202008315

$400,000
08/21/2020

Pending

Southern Indiana REALTORS® Association #202008315

06/08/2020

Listed (Active)

Southern Indiana REALTORS® Association #202008315

$459,900
03/20/2020

Expired

Southern Indiana REALTORS® Association #J20190511

$479,900
09/20/2019

Listed (Active)

Southern Indiana REALTORS® Association #J20190511

$479,900
04/02/2019

Withdrawn

Southern Indiana REALTORS® Association #J20160631

$459,900
11/10/2016

Listed (Active)

Southern Indiana REALTORS® Association #J20160631

$469,900
09/01/2016

Expired

Southern Indiana REALTORS® Association #J20160090

$469,900
03/01/2016

Listed (Active)

Southern Indiana REALTORS® Association #J20160090

$469,900
12/31/2015

Expired

Southern Indiana REALTORS® Association #J20150019

$475,000
01/12/2015

Listed (Active)

Southern Indiana REALTORS® Association #J20150019

$485,000
12/09/2014

Expired

Southern Indiana REALTORS® Association #J20140296

$485,000
06/09/2014

Listed (Active)

Southern Indiana REALTORS® Association #J20140296

$485,000
03/24/2005

Sold

Southern Indiana REALTORS® Association #J2005115

$325,000
02/05/2005

Pending

Southern Indiana REALTORS® Association #J2005115

02/05/2005

Listed (Active)

Southern Indiana REALTORS® Association #J2005115

$325,000
12/20/2004

Sold

Southern Indiana REALTORS® Association #J2003075

$325,000
10/31/2004

Pending

Southern Indiana REALTORS® Association #J2003075

01/27/2003

Listed (Active)

Southern Indiana REALTORS® Association #J2003075

$349,900
12/20/2002

Expired

Southern Indiana REALTORS® Association #J1020623

$349,900
09/04/2001

Listed (Active)

Southern Indiana REALTORS® Association #J1020623

$395,000

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

Public Records for 708 East Main Street

Taxable ValueLand$7,600Additions$409,200Total$416,800
Tax Record2024$8,336 ($695 / month)
Home Facts
Beds4Baths4.5Total Finished SqFt4,404 SqFtAbove Grade Finished SqFt4,404 SqFtStories2Lot Size8,232 SqFtStyleSingle Family ResidenceYear Built1845Year Renovated1990CountyJEFFERSONAPN39-13-02-113-036.000-007

Schools near 708 East Main Street

This home is within Madison Consolidated Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 7 to 12
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Lydia Middleton Elementary School
PublicPK to 4

E.O. Muncie Jr/Sr High School
Public7 to 12

Madison Consolidated High School
Public9 to 12

Anderson 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.

Similar Homes

Similar Sold Homes

708 East Main Street is a single family home for sale in Madison, IN 47250. This property was listed for sale on August 19, 2025 by F.C. Tucker/Scott Lynch Group, it's currently listed at $799,900. It has been on the market for a total of 119 days and was last sold on October 29, 2020. This listing's school district is Madison Consolidated Schools. Nearby schools include Lydia Middleton Elementary School, E.O. Muncie Jr/Sr High School and Madison Consolidated High School. 708 East Main Street is a 5-bed, 6-bath, 4,404 sqft single family home built in 1845.

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 F.C. Tucker/Scott Lynch Group

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.