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198 E Madison St, Franklin, IN 46131

$325,000

Charming brick home with a landscaped front yard, red roof, and grand entrance with beautiful steps at 198 E Madison St, Franklin, IN 46131
  • Bedrooms

    2

  • Baths

    3

  • Sq. Feet

    2048

  • Year Built

    1915

  • Days on Market

    2

  • $/SqFt

    $159

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Home Description

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.

  • Property Type: Condo / Townhouse
  • Style: Other
  • Basement: Ceiling - 9+ feet,Finished,Full
  • Garage Spaces: 0
  • Acres: <1/4 Acre
  • Lot Description: Corner Lot,Sidewalks
  • Siding: Brick
  • Patio & Porch: Open Patio

Available now at $325,000

Approximate Room Sizes / Descriptions

Kitchen14x11Main
Great Room15x13Main
Laundry06x12Main
Primary Bedroom18x13Basement
Bedroom 215x15Basement
  • Areas: Utility Room
  • Interior Description: Attic Pull Down Stairs,Eat-in Kitchen,Hi-Speed Internet Availbl,Pantry,Vaulted Ceiling(s),Windows Wood,Wood Work Painted,WoodWorkStain/Painted
  • Full Baths: 2
  • Half Baths: 1
  • Num Fireplaces: 0
  • Primary Bedroom Description: Closet Walk in
  • Appliances: Dishwasher,Disposal,Electric Oven,Electric Water Heater,MicroHood,Refrigerator,Water Softener Owned
  • Eating Area: Dining Combo/Kitchen
  • Equipment: Radon System,Smoke Alarm
  • Heating: Electric,Forced Air
  • Cooling: Central Electric
  • Utilities: Cable Available
  • : Jamie@RedHotRealtors.com

Neighborhood

The average asking price of a 2 bedroom Franklin home in this zip code is $342,543 (5.4% more than this home).

This home is priced at $159/sqft, which is 24.5% less than similar homes in the 46131 zip code.

Potential Great Value

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School Information

  • School District:Franklin Community School Corp

Financial

  • Approx Payment:$1,615*
  • Semi Annual Taxes:$1,144

Area Stats

These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (812) 774-7788 and speak with one of our real estate consultants.

Listing Courtesy of Red Hot, REALTORS LLC. For information or to schedule a viewing of this property (MLS# 22023864), call: 812-774-7788

198 E Madison St, Franklin IN is a single family home of 2048 sqft and is currently priced at $325,000 . This single family home has 2 bedrooms. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Franklin, IN. Camelot, Heather Glen and Heritage are nearby neighborhoods. MLS 22023864 has been posted on this site since 2/25/2025 (today).

2025

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