488 W Hutchinson Lane Madison, IN $ 1,400,000
488 W Hutchinson Lane
$ 1,400,000
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488 W Hutchinson Lane

Madison, IN, 47250
$ 1,400,000
Bedrooms3 Baths1.0 Sq 1,892

Monthly Estimate*

$ 9,305

488 W Hutchinson Lane, Madison, IN 47250 - Image 1
488 W Hutchinson Lane, Madison, IN 47250 - Image 2
488 W Hutchinson Lane, Madison, IN 47250 - Image 3
488 W Hutchinson Lane, Madison, IN 47250 - Image 4
488 W Hutchinson Lane, Madison, IN 47250 - Image 5
Farms/Ranches for sale in Madison, IN for $1,400,000 with 3 bedrooms and 1 full bath. This 1,892 square foot property was built in 1900 on a lot size of 44.82.

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.

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Farms/Ranches Active

Price

$ 1,400,000

Bedrooms

3

Full Bath

1

Property Type

Farms/Ranches

Taxes

$ 3,893

Style

TwoStory

Lot Size

44.82

Year Built

1900

Town/City

Madison

County/Region

JEFFERSON_IN

MLS | Web ID

202405138

Features
General
Interior Features EatinKitchen
Sewer PublicSewer
Heating Other
Cooling None
Possession Negotiable
Exterior Features Porch
Zoning Residential
Garage Spaces 2.0
Patio/Porch Features Porch
Architectural Style TwoStory
Construction Materials AluminumSiding Frame
Year Built 1900
Stories 2
Township Madison
Levels Two
Property SubType Farm
County Jefferson_IN
New Construction No
Property Type Residential
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Other Structures Garages Sheds
Total Rooms 6
Status Active
Directions North side of Hutchinson Lane at corner of Cragmont St. and Hutchinson Ln.
City Madison
Zoning Description Residential
Lot Size Square Feet 1952359.2
Street Name Hutchinson
Listing Terms Conventional
Tax Annual Amount 3893.0
Home Warranty Y/N No
Lease Considered Y/N No
Days on Market 1
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Farm
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Interior
Basement CrawlSpace
Fireplace Features None
Basement (Y/N) Yes
Air Conditioning Y/N No
Fireplace Y/N No
Above Grade Finished Area 1892.0
Full Baths 1
Half Baths 0
Street Suffix Lane
Laundry Features MainLevel LaundryRoom
Total Bedrooms 3
Below Grade Finished Area 0.0
Total Baths 1
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Exterior
Parking Features Detached Garage
Lot Features SplitPossible
Water Source Connected Public
Lot Size Area 44.82
Foundation Details Cellar
Building Area Total 1892.0
Lot Size Acres 44.82
Road Surface Type Paved
Other Parking Off Street
Frontage Length 1300
Lot Size Units Acres
Lot Size Source Assessor
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Internal Only
Street Number 1 488
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* Excluded Features
List By
Jackie Armel Greene

Listing Agent

Coldwell Banker Harrell & Asso

Broker

jackiearmelgreene@gmail.com

Email

Affordability Calculator

$9,629
Per Month
97%
3%
0%
Monthly Principal & Interest
$9,305
Monthly Property Taxes
$324
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1120661 Elementary School
1120959 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/5/2024$1,400,000 Listed Price

Map


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488 W Hutchinson Lane, Madison, IN, 47250 is a Farms/Ranches for sale at $1,400,000 with 1,892 sqft and a lot size of 44.82. 488 W Hutchinson Lane has 3 bedrooms, 1.0 baths, and was built in 1900. The property's zip code is 47250 which is in Madison, IN