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946 Saddle Tree Ln, Madison, IN, 47250

$199,900

Home List Price

$2,374*

Closing Credit

0 Baths
1,800 SqFt
$111/SqFt
Multi

Location

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946 Saddle Tree Ln, Madison$199,900

Buyer Closing Credits

$2,374*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage2 spaces
Year Built1971
HeatingElectric, Forced Air, Other
CoolingWall/Window Unit(s)
MLS #1676399
Lot Size0.08 Acres
StatusActive

About 946 Saddle Tree Ln

Discover a fantastic investment opportunity with this 3-unit residential and 2 car garage rental property conveniently located in downtown Madison and minutes from the Madison Hilltop. The property features two one-bedroom apartments on the second floor, a first-floor efficiency unit, and a shared utility room with a coined washer and dryer. Additionally, a spacious 23x26 two-car garage offers extra storage or rental potential. With its prime location and income-generating design, this property is a must-see for investors. Tenants are on a month to month lease at $650/month, includes water, sewage, trash and internet. Tenants pay electric and provides their own window a/c units. Apartments are metered separately. Apartments are metered separately. Tenants in units 1 & 2 have been there over 4 years, efficiency unit is currently vacant. Garage is used by seller, but could rent for $300- $400/month. Only one of the garage doors has an opener. Washer & Dryer produces about $50/month in income.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1971
  • Living Area: 1,800 SqFt

Listing Office:

  • Office Name: EXP Realty LLC

Exterior Features

Exterior Information:

  • Exterior: None

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air, Other
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: From Main and Jefferson Street head North on 421. In 0.6 miles make a right onto Aulenbach Ave, then an immediate right on East Street. Property will be on the right at the corner of Saddle Tree and Royer parking lot.

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,900
  • Price Per SqFt: $111/SqFt

Tax Information:

  • Annual Amount: $694
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Madison, IN.

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Madison, IN

City

Med. Sold Price

$210K

Med. Price/SqFt

$149

Avg. Days On Market

52

# of Sold Homes

3

946 Saddle Tree Ln vs Madison

7 DAYS ON ROCKET

-45 Days

$199,900

-$10.1K Less

$111/SqFt

-$38 Less

KEY TAKEAWAY

This property is $10.1K less than the Median Sold Price and $38/SqFt less than other homes in Madison, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
  • MLS Number: #1676399

Listing Office:

  • Office Name: EXP Realty LLC

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:51:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$694$34,700
2018$694$34,700
2017$766$38,300

History based on county public records data.

Payment Calculator

$1,065

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4317996
7
/10

  • Lydia Middleton Elementary School

  • 714 W Main St

  • 0.77 miles

  • Public District Grades PK-4

school-card-donut-4317997
5
/10

  • Anderson Elementary School

  • 2325 Cherry Dr

  • 2.06 miles

  • Public District Grades PK-4

school-card-donut-4317998
6
/10

  • Rykers' Ridge Elementary School

  • 2485 N Rykers Ridge Rd

  • 3.15 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,342. The majority of Madison, IN residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Indiana›Jefferson County›Madison›47250›946 Saddle Tree Ln

This home is located at 946 Saddle Tree Ln in Madison, IN and zip code 47250. This 1,800 square foot home, which was built in 1971, sits on a 0.08 acre lot. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $199,900.

In November 2024 more than 0 listings in Madison, IN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 3 were sold below. Between October 2024 and November 2024, Madison, IN real estate market has seen increase in the number of listings by 7.7%. While the average time on the market in November 2024 was 52 days, the median list price was $210,000.

From Rocket Homes Real Estate and based on county public records data.

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