488 West Hutchinson Lane

Madison, IN 47250

$1,400,000
Price
1,952,359 / 44.82
Lot Size / Acres

Description

Check out this PRIME real estate opportunity for possible new subdivision/development on Madison's hilltop. Almost 45 acres, currently zoned for R4 residential. This property is in a very desirable location - just on the edge of town, but close to many businesses, which could make this a highly sought after for a new homes development. The current house on the property is in need of major repairs. The current spacious garage on the property is in great condition and can be used for immediate storage...Check out this PRIME real estate opportunity for possible new subdivision/development on Madison's hilltop. Almost 45 acres, currently zoned for R4 residential. This property is in a very desirable location - just on the edge of town, but close to many businesses, which could make this a highly sought after for a new homes development. The current house on the property is in need of major repairs. The current spacious garage on the property is in great condition and can be used for immediate storage of equipment or bldg supplies. Water and electricity are already on the property as well, which provides a great opportunity to get a running start on the new construction this community truly needs. Be the one to create a nice development of new homes for Madison - call today! There is currently a tenant living in the house, but there is no lease with the tenant.
  1. Listed by Jackie Armel Greene • Coldwell Banker Harrell & Asso • 812-265-3000

Property Details for 488 West Hutchinson Lane

Architectural Style
TwoStory
Stories
2
Zoning
Residential

Location

Listing Courtesy of Coldwell Banker Harrell & Asso
Add your commute
LISTING UPDATED: 01/05/2024 09:22 AM

Property Details for 488 West Hutchinson Lane

StatusActive
MLS #202405138
Days on Market75
Taxes$3,893 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeFarm / Residential
Year Built1900
Lot Size44.82 AC
CountyJefferson County

Location

Listing Courtesy of Coldwell Banker Harrell & Asso
Add your commute

Building Information for 488 West Hutchinson Lane

Building Size-Lot Size44.82 AC

Payment Calculator

$7,965 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$324

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 488 West Hutchinson Lane

Summary
Location and General Information
  • Directions: North side of Hutchinson Lane at corner of Cragmont St. and Hutchinson Ln.
  • State Or Province: IN
  • Township: Madison
  • Postal Code: 47250
  • City: Madison
  • County Or Parish: Jefferson_IN
  • Zoning Description: Residential
Taxes and HOA Information
  • Tax Annual Amount: $3,893.00
  • Tax Legal Description: 010-00382-00 IN SW 15-4-10 15AC NW COR SW & 15-4-10 29.87 AC SE SW 20-20-12 488 W HUTCHINSON LN
  • Association: No
  • Parcel Number: 390815000008000006
School Information
  • Elementary School District: Madison Cons.
  • Middle Or Junior School District: Madison Cons.
  • High School District: Madison Cons.
Parking
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached, Garage
  • Attached Garage: No
  • Other Parking: Off Street
Property
Lot Information
  • Above Grade Finished Area Source: Assessor
  • Below Grade Finished Area: 0.0
  • Above Grade Finished Area: 1892.0
  • Living Area: 1892.0
  • Lot Features: SplitPossible
  • Lot Size Acres: 44.82
  • Lot Size Area: 44.82
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 1952359.2
  • Lot Size Units: Acres
  • Building Area Source: Assessor
  • Building Area Total: 1892.0
  • Frontage Length: 1300
Property and Assessments
  • Road Surface Type: Paved
  • Year Built: 1900
  • New Construction: No
  • Other Structures: Garages, Sheds
Utilities
  • Water Source: Connected, Public
  • Sewer: PublicSewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: AluminumSiding, Frame
  • Exterior Features: Porch
  • Patio And Porch Features: Porch
  • Foundation Details: Cellar
Interior Features
  • Basement: Yes
  • Basement: CrawlSpace
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Fireplace Features: None
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 3
  • Heating: Other
  • Laundry Features: MainLevel, LaundryRoom
  • Levels: Two
  • Rooms Total: 6
  • Interior Features: EatinKitchen
Room Information
Room 1
  • Room Type: Other
  • Room Description: utility room
  • Room Level: First
  • Room Flooring: Carpet
Room 2
  • Room Type: Bedroom
  • Room Level: Second
  • Room Flooring: Carpet
Room 3
  • Room Type: Bedroom
  • Room Level: Second
  • Room Flooring: Carpet
Room 4
  • Room Type: PrimaryBedroom
  • Room Level: First
  • Room Flooring: Carpet
Room 5
  • Room Type: Kitchen
  • Room Level: First
  • Room Flooring: Carpet
Room 6
  • Room Type: LivingRoom
  • Room Level: First
  • Room Flooring: Carpet
Mobile Home
Mobile Home Information
  • Human Modified: Yes
Agent
Confidential
  • Internet Entire Listing Display: Yes
Rental
Rental Information
  • Lease Considered: No
  • Occupant Type: Tenant

Property History for 488 West Hutchinson Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 488 West Hutchinson Lane

Taxable ValueLand$80,600Additions$167,300Total$247,900
Tax Record2023$4,723 ($394 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,892 SqFtAbove Grade Finished SqFt1,892 SqFtStories2Lot Size1,954,537 SqFtStyleMiscellaneous ResidentialYear Built1900CountyJEFFERSONAPN39-08-15-000-008.000-006

Schools near 488 West Hutchinson Lane

This home is within Madison Consolidated Schools.
Rating
School
Type
Grades
Distance
Public - 4 to 8
Public - 9 to 12
Public - PK to 4
Public - PK to 4
Rating
School
Distance
Madison Consolidated Jr High School
Public4 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.

Similar Homes

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Similar Sold Homes

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488 West Hutchinson Lane is a 44.82 ac of land for sale in Madison, IN 47250. This property was listed for sale on January 5, 2024 by Coldwell Banker Harrell & Asso, it's currently listed at $1,400,000. This listing's school district is Madison Consolidated Schools. Nearby schools include Madison Consolidated Jr High School, Madison Consolidated High School and Anderson Elementary School. 488 West Hutchinson Lane is a 3-bed, 1-bath, 1,892 sqft 44.82 ac of land built in 1900 on a 1,952,359 sq. ft. / 44.82 acres lot.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Harrell & Asso

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.