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Madison,IN 47250
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,404 sqft
Price per Sqft $181
MLS Listing ID 2025010435
Style Historic/ Antique, Two Story
Bedrooms 5
Full Baths 5
Half Baths 1
Construction Status Resale
Abv Grd Liv Area 4,404
Year Built 1845
Annual Tax Amount $8,752
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Residential
Property 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. 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.
Location
State IN
County Jefferson_ I N
Area Downtown
Zoning Residential
Direction GPS Friendly. Located on the south side of East Main Street
Rooms
Basement Partial, Unfinished
Interior
Interior Features Attic, Bookcases, Ceiling Fan(s), Separate/ Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Home Office, Kitchen Island, Bath in Primary Bedroom, Main Level Primary, Mud Room, Pantry, Storage, Utility Room, Natural Woodwork
Heating Forced Air
Cooling Central Air
Fireplaces Number 8
Fireplaces Type Decorative
Fireplace Yes
Appliance Dryer,Dishwasher,Freezer,Disposal,Microwave,Oven,Range,Refrigerator,Washer
Laundry Main Level, Laundry Room
Exterior
Exterior Feature Fence, Landscaping, Paved Driveway, Porch, Patio
Parking Features Attached, Garage
Garage Spaces 1.0
Garage Description 1.0
Fence Yard Fenced
Community Features Sidewalks
Water Access Desc Connected,Public
Roof Type Shingle
Street Surface Paved
Porch Covered,Patio,Porch
Building
Entry Level Two
Foundation Stone
Sewer Public Sewer
Water Connected, Public
Architectural Style Historic/Antique,Two Story
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 391302113036000007
Acceptable Financing Cash,Conventional,VA Loan
Listing Terms Cash,Conventional,VA Loan