198 E Madison Street
Franklin, IN 46131
- 2 beds
- 3 baths
- 2,048 sqft
- 945 sqft lot
- $158 per sqft
- 1915 build
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Step into a piece of Franklin's history in this remarkable condo conversion of the historic Franklin Library. The moment you enter, you'll be captivated by the stunning 18-foot mahogany barrel-vaulted ceilings and beautiful solid oak woodwork that adds character throughout the space. This two-bedroom, two-and-a-half-bath residence perfectly blends historic charm with modern conveniences. The welcoming living room features gleaming hardwood floors and doors leading to your private patio - perfect for morning coffee or evening entertainment. The kitchen is a chef's delight with oak cabinets, sleek stainless steel appliances, and a comfortable breakfast area. The primary bedroom offers abundant natural light and includes a spacious walk-in closet and stand-up shower. Your guests will feel equally pampered in the second bedroom, which also features plenty of sunshine and a walk-in closet, with an updated hallway bathroom nearby. Convenience is key with a main-level laundry room offering plenty of shelving for storage. The location couldn't be better - you're just steps from downtown Franklin's charming shops and restaurants. Nearby parks provide a perfect spot for outdoor recreation, while Franklin Community High School is just a short drive away. Living here means being part of Franklin's story while enjoying all the modern amenities you'd expect in a contemporary home. Whether you're a history buff, downtown enthusiast, or someone who appreciates unique architectural details, this distinctive condo offers a lifestyle that's hard to match.
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Last updated Apr 16, 2025
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MLS# 22023864 —
The Building
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Year Built:1915
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Other
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Condo Type:Horizontal
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Condo Description Location:Building Common Entry
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Levels:Two
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Floor Number:1
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Unit Entry Level:1
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Basement:true
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Basement:Ceiling - 9+ feet, Finished, Full
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Foundation Details:Other
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Patio And Porch Features:Open Patio
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Accessibility Features:No
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Common Walls:1 Common Wall
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Green Certification:No
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Building Area Total:2048
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Below Grade Finished Area:983
Interior
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Rooms:3
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Rooms Total:5
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Rooms Total:3
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Interior:Utility Room
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Interior Features:Attic Pull Down Stairs, Vaulted Ceiling(s), Windows Wood, Wood Work Painted, WoodWorkStain/Painted, Eat-in Kitchen, Hi-Speed Internet Availbl, Pantry
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Other Equipment:Radon System, Smoke Alarm
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Eating Area:Dining Combo/Kitchen
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Laundry Features:Main Level
Room Dimensions
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SqFt:1065
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Main Level SqFt:1065
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Living Area:2048
Financial & Terms
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Buyer Financing:Cash
Location
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Directions:GPS Friendly
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Latitude:39.481874
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Longitude:-86.052814
The Property
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View:true
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Property Type:Residential
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Property Subtype:Condominium
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Property Attached:true
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Parcel Number:410814043006001009
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Acres:<1/4 Acre
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Lot Features:Corner Lot, Sidewalks
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Lot Size Acres:0.02
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Lot Size SqFt:945 Sqft
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Price Per Acre:16250000
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Horse Amenities:None
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Fence:No
Listing Agent
- Contact info:
- Agent phone:
- (317) 551-9589
- Office phone:
- (317) 527-4663
Taxes
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Tax Year:2023
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Tax Exemptions:Homestead Tax Exemption
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Semi Annual Property Tax Amt:1144
Beds
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Bedrooms Total:2
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Primary Bedroom Description:Closet Walk in
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# of Bedrooms Basement:2
Baths
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Baths:3
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Full Baths:2
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Half Baths:1
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Half Baths:1
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Half Baths Main:1
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Full Baths Basement:2
The Listing
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FHA Certified:No
Heating & Cooling
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Heating:Forced Air, Electric
Utilities
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Utilities:Cable Available
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Water Source:Municipal/City
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Solid Waste:No
Appliances
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Appliances:Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator, Electric Water Heater, Water Softener Owned
Schools
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High School District:Franklin Community School Corp
The Community
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Subdivision Name:Carnegie Commons
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Association Fee Frequency:Monthly
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Association:true
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Association Fee:153
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Association Fee Includes:Association Home Owners
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Management Company Name:N/A
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Ownership Interest Types:Mandatory Fee
Parking
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Parking Features:None
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/11/25
Apr 11, 2025
|
Sold | MIBOR | $325,000 | |
3/10/25
Mar 10, 2025
|
Pending | MIBOR | $325,000 | |
2/25/25
Feb 25, 2025
|
Listed / Active | MIBOR | $325,000 |