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196 E Madison St, Franklin, IN 46131

$397,000

Last sold 05/06/2025 for $400K

3
bed
2
bath
1,828
Sqft ($219/Sqft)

Condominium not for sale

About 196 E Madison St

Property type Condominium

Neighborhood

Year built 1915

HOA fee $144/month

Lot size 937 Sqft

Movoto estimate

Rental estimate

Property description

STEEPED in history, this gorgeous renovated downtown Franklin property is a coveted one-of-a-kind address. This 1915 Carnegie Library served the surrounding community & in 1990 it was lovingly converted to 5 condos, retaining the architecture including mahogany barrel-vaulted ceilings, marble floors, lighted cabinetry... Three bedrooms, one on the main floor, fully RENOVATED BATHROOMS, custom closets, ALL NEW WINDOWS and custom blinds, expansive hand laid paver patio and many other features you can't miss. Owners manage HOA; covers building exterior, trash, water & sewer for $144/mo. One parking space behind the unit and on-street parking. Walk to all the amenities this thriving community offers.

Listed by

Listing Agent - Jobea Trefny

Listing Agent Contact: Jtrefny@callcarpenter.com

Listing Office - Carpenter, REALTORS®

Source: MIBOR MLS

MLS#22036699 • last updated 1 year ago

Movoto checked MIBOR MLS for data 12 minutes ago

Overview
Heating	Forced Air, Electric
Levels/Style	Two, Other
Type	Residential
SubType	Co-op
Virtual Tour	N/A
MLS #	22036699
Status	Sold
Living Area	1828
Lot Size Range (Acres)	<1/4 Acre
Lot Size (SqFt)	937
Year Built	1915
HOA Fee $	Monthly, 144

Interior
Total # of Bathrooms	2
# Full Baths	2
Total # of Bedrooms	3
Total # of Rooms	6
Eating Area	Dining-L
Laundry	Laundry Closet, Main Level
Interior Features	Utility Room, Attic Access, Built In Book Shelves, Raised Ceiling(s), Walk-in Closet(s), Wood Work Stained, Entrance Foyer, Hi-Speed Internet Availbl

Exterior
Foundation	Block
Construction	Brick
Garage	Guest Street Parking, Other
Parking Desc	Assigned
Exterior Features	Not Applicable
Lot Size (Acres)	0.02
Patio/ Porch	Open Patio

Amenities / Utilities
Utilities	Cable Connected
Water Source	Municipal/City
Sewer/ Septic	Municipal Sewer Connected
HOA Fee Includes	Sewer, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
HOA Amenities	Maintenance Grounds, Maintenance, Snow Removal, Trash
Horse Amenities	None

Location
County	Johnson
Subdivision	Carnegie Commons
Middle School	Franklin Community Middle School
High School	Franklin Community High School
High School District	Franklin Community School Corp
APN	410814043006001980

$397K

Range: $373K-$420K

Last 30 days

Rental est.: $1,624/month

• Gross rent multiplier: 20.5

Lower your payment with the loan terms that fit you.

Jun 2025
Public Records
Jun 16, 2025 Sold
$400,000
Jun 2025
MLS # 22036699
Jun 12, 2025 Sold
$400,000
May 6, 2025 Pending
—
May 5, 2025 Listed
$399,900 (+203.0%)
Nov 2014
MLS # 21274541
Nov 3, 2014 Sold
$132,000 (-5.6%)
Feb 10, 2014 Listed
$139,900 (+16.6%)
May 2013
MLS # 21190978
May 13, 2013 Sold
$120,000 (-4.4%)
Aug 8, 2012 Listed
$125,500

Year Property taxes Tax assessment
2024
$2,281 +5.5%

$278,200 +34.4%
2023
$2,162 +9.1%

$207,000 +5.5%
2022
$1,982 +5.7%

$196,200 +18.91%
2021
$1,875

$165,000 -2.37%
2020
$1,875 +6.2%

$169,000
2019
$1,766 +29.3%

$169,000 +5.96%
2018
$1,366 -0.2%

$159,500 +16.76%
2017
$1,369 +11.8%

$136,600 -0.22%
2016
$1,224 +7.1%

$136,900
2012
$1,143

—

196 E Madison St
$400K
4105 - Johnson - Franklin
—
46131
$350K +2% y/y
Franklin
$350K +2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
100 N Home Ave, Franklin, IN 46131	$376,000	2/1	2,730	0.01
198 E Madison St, Franklin, IN 46131	$350,000	2/2	2,048	0.01
104 N Home Ave, Franklin, IN 46131	$292,000	2/2	1,308	0.01
102 N Home Ave, Franklin, IN 46131	$361,000	3/2	3,108	0.01
E Madison St At N Home Ave, Franklin, IN 46131	—	—/—	—	0.02
162 S Water St, Franklin, IN 46131	$746,000	3/3	2,516	0.21
178 S Water St, Franklin, IN 46131	$676,000	—/—	—	0.21
150 S Water St, Franklin, IN 46131	$717,000	3/2	2,393	0.21

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.