Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
5
Photos
488 W Hutchinson Lane, Madison, IN 47250
$1,400,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
1
bath
1,892
sqft
Built in
1900
Check out this PRIME real estate opportunity for possible new subdivision/development on Madison's hilltop. Almost 45 acres, currently zoned for R4 residential. This property is in a very desirable location - just on the edge of town, but close to many businesses, which could make this a highly sought after for a new homes development. The current house on the property is in need of major repairs. The current spacious garage on the property is in great condition and can be used for immediate storage of equipment or bldg supplies. Water and electricity are already on the property as well, which provides a great opportunity to get a running start on the new construction this community truly needs. Be the one to create a nice development of new homes for Madison - call today! There is currently a tenant living in the house, but there is no lease with the tenant.
Features & Amenities
Interior
- General:
- Eat-in Kitchen
- Laundry:
- Main Level,Laundry Room
- Basement:
- Crawl Space
- A/C:
- false, None
- Heating:
- Other
- Fireplace:
- None
Exterior
- General:
- Porch, Garage(s),Shed(s)
- Style:
- Two Story
- Other Structures:
- Garage(s),Shed(s)
- Parking:
- Detached,Garage
Construction
- General:
- Aluminum Siding,Frame, 2, Cellar
Location
- Road/Access:
- Paved
- Originating MLS:
- SIRA
- County:
- Jefferson_IN
Lot
- Zoning:
- Residential, 010-00382-00 IN SW 15-4-10 15AC NW COR SW & 15-4-10 29.87 AC SE SW 20-20-12 488 W HUTCHINSON LN, 390815000008000006
Utilities
- Water:
- Connected,Public
- Sewer:
- Public Sewer
Financial
- Source:
- SIRA, SIRA
- Buyers Agent Compensation:
- 3.0
This listing courtesy of:
Coldwell Banker Harrell & Asso
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
Powered by
Ready to get started? Get prequalified »
About Madison, IN
Housing
- Number of Units
- 10,184
- Median Home Value
- $141,469
- Median Rent
- $502
33.07% of housing units are renter occupied.
9.33% are vacant.
Commute
- Car
-
88.94%
- Public Transportation
-
0.03%
- Walk to Work
-
1.65%
- Work from Home
-
8.82%
- Other
-
0.56%
The median travel time to work is 20 minutes.
People
- Population
- 22,261
- Median Age
- 43.00
- Median Household Size
- 2.38
Education
- High School
-
40.05%
- Associate’s Degree
-
10.46%
- Bachelor’s Degree
-
12.83%
- Graduate Degree
-
7.27%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
Interested in this home?
Request more information:
