OFF MARKET

Off Market Aug 2025 for $745K

$794,193

Est. refi paymentEst. refi $4,834/mo

•

4,528

sq ft

1050 Michigan Rd, Madison, IN 47250

About this home

This notable landmark Queen Anne Victorian home, best known as THE FAIRMOUNT HOUSE, sits eloquently at the top of Michigan Rd Hill, essentially in the center of Madison, IN. Some call it "The Castle on the hill". Offering amazing views of the Ohio River from the terrace lined w wrought iron fencing, and River views from inside the home, are just one of the incredible features this historic beauty possesses. The grounds alone are impressive as it admired by many passers by, perched on the hillside w almost 4 acres of private grounds, including a secluded inground pool oasis, a koi fish pond, a 3 bay carriage barn with loft, and an expansive field to roam and enjoy the peacefulness that is hard to find in the heart of a bustling small town. The house has impressive updates, yet retains its original flooring, doors, hardware, stained glass windows, fireplaces, and light fixtures. One of the most impressive features is the lighted newel post statue that greets you as you enter the staircase on the main level. It currently houses 6 (potentially 7) bedrooms and 3.5 baths. The beautiful slate roof and copper gutters were put on 6 years ago. The current owners have loved and enjoyed this home but have reached a point in their life where they are moving in a different direction and thus are offering it to a new owner to admire, love and enjoy! Pre-approval or proof of funds required before showings. Please do not drive up the driveway without an appointment as it is a private drive.

Single-familyProperty Type

1872Year Built

3.62 acresLot Size

$175Est. Price/Sq.Ft.

3 car garageParking

Listed by Jacqueline Greene • Coldwell Banker Harrell & Asso

Contact: 812-265-3000

Bought with Tasha Jenkins • Century 21 River Valley

Redfin checked: a minute ago

•Source:SIRA #202508014

Redfin Estimate

$794,193

$49K since sold in August 2025$4,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 50.9% higher than the average sale price ($526K) of 6 comparable homes.

SOLD AUG 10, 2026
$487,500
A
5 beds4 baths4,296 sq ft
416 E Second St, Madison, IN 47250
SOLD JUL 29, 2026
$410,000
B
4 beds3.5 baths3,506 sq ft
379 Brentwood Dr, Madison, IN 47250
SOLD JUN 19, 2026
$688,200
C
4 beds3 baths4,367 sq ft
312 W Third St, Madison, IN 47250
SOLD MAY 13, 2026
$535,000
D
4 beds2.5 baths2,723 sq ft
1109 Michigan Rd, Madison, IN 47250
SOLD MAY 26, 2026
$465,000
E
3 beds2.5 baths2,970 sq ft
944 W 2nd St, Madison, IN 47250
SOLD JUN 2, 2026
$572,750
F
5 beds3.5 baths4,080 sq ft
108 Cherry Trce, Madison, IN 47250

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Earn from this home

Refinance

Est. cash available

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Rent

$3,985/mo

Redfin rental estimate

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Market trends in 47250, IN

Last updated July 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

93.8%

0.5% MoM

Median sale price

$300K

$45K MoM

Avg. days on market

66d

11 days MoM

Recently sold homes

6 MoM

New listings for sale

NEW 14 HRS AGO
$65,000
3 beds2 baths1,746 sq ft
924 Walnut St, Madison, IN 47250
NEW 14 HRS AGO
$369,900
3 beds2 baths1,394 sq ft
513 E Main St, Madison, IN 47250
NEW 20 HRS AGO
$235,000
3 beds1.5 baths1,464 sq ft
2241 Seneca Dr, Madison, IN 47250
$189,900
3 beds1 bath1,348 sq ft
411 W State St, Madison, IN 47250
$479,000
4 beds2.5 baths2,756 sq ft
10339 N Jefferson Rd, Madison, IN 47250
$374,900
3 beds2.5 baths1,784 sq ft
532 Miles Ridge Rd, Madison, IN 47250
$242,000
3 beds2 baths1,760 sq ft
1969 Wolf Trails Dr, Madison, IN 47250
$275,000
3 beds2 baths1,428 sq ft
132 Mouser St, Madison, IN 47250
$255,000
3 beds2.5 baths1,434 sq ft
40 Country Manor Blvd, Madison, IN 47250
$430,000
3 beds2.5 baths2,737 sq ft
435 N Lakeside Dr, Madison, IN 47250
See all

Provided by Redfin

Sale history for 1050 Michigan Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,472 (+12.0%)

$26,300 + $544,600

$570,900

2024

$4,887 (−6.8%)

$25,200 + $458,300

$483,500

2023

$5,243 (−4.1%)

$25,200 + $458,300

$483,500

2022

$5,464 (+7.2%)

$25,200 + $464,400

$489,600

2021

$5,097 (+16.0%)

$25,200 + $425,900

$451,100

2020

$4,393 (+5.1%)

$25,200 + $369,900

$395,100

2019

$4,178 (−1.3%)

$25,200 + $349,100

$374,300

2018

$4,234 (+0.7%)

$25,200 + $349,100

$374,300

2017

$4,207 (+0.7%)

$25,200 + $346,500

$371,700

2016

$4,178 (+11.5%)

$25,200 + $346,600

$371,800

2015

$3,746 (−28.4%)

$25,200 + $304,800

$330,000

2013

$5,234

$25,200 + $314,600

$339,800

Tax history for 1050 Michigan Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,472 (+12.0%)

$26,300 + $544,600

$570,900

2024

$4,887 (−6.8%)

$25,200 + $458,300

$483,500

2023

$5,243 (−4.1%)

$25,200 + $458,300

$483,500

2022

$5,464 (+7.2%)

$25,200 + $464,400

$489,600

2021

$5,097 (+16.0%)

$25,200 + $425,900

$451,100

2020

$4,393 (+5.1%)

$25,200 + $369,900

$395,100

2019

$4,178 (−1.3%)

$25,200 + $349,100

$374,300

2018

$4,234 (+0.7%)

$25,200 + $349,100

$374,300

2017

$4,207 (+0.7%)

$25,200 + $346,500

$371,700

2016

$4,178 (+11.5%)

$25,200 + $346,600

$371,800

2015

$3,746 (−28.4%)

$25,200 + $304,800

$330,000

2013

$5,234

$25,200 + $314,600

$339,800

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

3.5

Stories

Lot width

—

Lot depth

—

Lot size

3.62 Acres

Year renovated

1990

Sq. Ft.

4,528

Year built

1900

Style

Single Family Residential

County

Jefferson County

APN

390835223010001007

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 26, 2026.

Property details

Parking

Garage/Carport Information
Has Garage
# of Garage Spaces: 3

Parking
Features: Detached, Garage

Interior

Bathroom Information
# of Full Bathrooms: 3
# of Half Bathrooms: 1

Room Information
# of Rooms (Total): 15
Has Basement
Basement Information: Full, Unfinished

Room 1 Information
Other
Description: utility room
Level: Second
Flooring: Wood
Dimensions: 7.1 x 9.2
Length: 9.2
Width: 7.1

Room 2 Information
Other
Description: sunroom; finished and climate controlled
Level: First
Flooring: Wood
Dimensions: 16.1 x 18.9
Length: 18.9
Width: 16.1

Room 3 Information
Other
Description: workout room
Level: Third
Flooring: Wood
Dimensions: 19.8 x 23.7
Length: 23.7
Width: 19.8

Room 4 Information
Bedroom
Level: Third
Flooring: Wood
Dimensions: 9.4 x 13.4
Length: 13.4
Width: 9.4

Room 5 Information
Bedroom
Level: Third
Flooring: Wood
Dimensions: 14.6 x 15.4
Length: 15.4
Width: 14.6

Room 6 Information
Bedroom
Level: Third
Flooring: Wood
Dimensions: 12.6 x 17.3
Length: 17.3
Width: 12.6

Room 7 Information
Bedroom
Description: currently used as large dressing room
Level: Second
Flooring: Wood
Dimensions: 14.4 x 15.1
Length: 15.1
Width: 14.4

Room 8 Information
Bedroom
Level: Second
Flooring: Wood
Dimensions: 14 x 14.7
Length: 14.7
Width: 14.0

Room 9 Information
Bedroom
Level: Second
Flooring: Wood
Dimensions: 13.8 x 19.8
Length: 19.8
Width: 13.8

Room 10 Information
Bedroom
Description: Riverview
Level: Second
Flooring: Wood
Dimensions: 15.2 x 18.1
Length: 18.1
Width: 15.2

Room 11 Information
Other
Description: foyer
Level: First
Flooring: Wood
Dimensions: 8.3 x 22.8
Length: 22.8
Width: 8.3

Room 12 Information
Dining Room
Level: First
Flooring: Wood
Dimensions: 13.9 x 18.7
Length: 18.7
Width: 13.9

Room 13 Information
Family Room
Description: Riverview
Level: First
Flooring: Wood
Dimensions: 18.1 x 26.3
Length: 26.3
Width: 18.1

Room 14 Information
Kitchen
Description: eat-in (original wood underneath)
Level: First
Dimensions: 14.1 x 15.1
Length: 15.1
Width: 14.1

Room 15 Information
Living Room
Level: First
Flooring: Wood
Dimensions: 13.8 x 20.8
Length: 20.8
Width: 13.8

Laundry Information
Features: Laundry Room, Upper Level

Fireplace Information
Has Fireplace
# of Fireplaces: 6
Features: Decorative

Equipment
Appliances: Dryer, Dishwasher, Oven, Range, Refrigerator, Self Cleaning Oven, Washer

Interior Features
Window Features: Blinds, Screen(s), Thermal Windows
Other Features: Separate/Formal Dining Room, Eat-in Kitchen, Mud Room, Pantry, Split Bedrooms, Separate Shower, Utility Room, Window Treatments

Exterior

Building Information
Roof Details: Slate
Construction Details: Brick, Frame, Stone

Exterior Features
Exterior Features: Balcony, Landscaping, Paved Driveway, Porch, Patio
Patio And Porch Features: Balcony, Covered, Patio, Porch
Other Structures: Garage(s), Greenhouse

Pool and Spa Information
Pool Features: In Ground, Pool

Lot Information
Lot Size Area: 3.62
Lot Size Acres: 3.62
Lot Size Source: Assessor
Lot Features: Secluded
Road Surface Type: Paved
Zoning: Residential
Zoning Description: Residential

Property Information
Has View
Above Grade Finished Area: 4,528
Foundation Details: Stone

Financial

Tax Information
Annual Tax Amount: $4,887

Utilities

Utility Information
Sewer: Public Sewer
Water Source: Connected, Public

Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Heat Pump

Public facts

Beds: 4
Baths: 3.5
Sq. Ft.: 4,528
Stories: 2.0
Lot Size: 3.62 acres
Style: Single Family Residential
Year Built: 1900
Year Renovated: 1990
County: Jefferson County
APN: 390835223010001007

Home facts updated by county records on Aug 26, 2026

Around this home

Schools

Lydia Middleton Elementary School

Public PreK-4 • Assigned • 0.6mi

6/10

Madison Consolidated Junior High School

Public 5-8 • Assigned • 1.7mi

6/10

Madison Consolidated High School

Public 9-12 • Assigned • 2.0mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 105° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Madison, IN • 47250

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.3 hours in June and 3.4 hours in December, placing it below the U.S. average for solar exposure.

9.3 hrs

3.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$755,000 – $914,000

Sell confidently with a local market expert in Madison. 3 minutes to get started.

Nearby similar homes

NEW 14 HRS AGO

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New listings for sale in 47250

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NEW 20 HRS AGO

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411 W State St, Madison, IN 47250

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4 beds2.5 baths2,756 sq ft

10339 N Jefferson Rd, Madison, IN 47250

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Home values near 1050 Michigan Rd

Data from public records.

Address	Redfin Estimate
1111 Michigan Rd, Madison, IN 3 Beds \| 1.5 Baths \| 1850 Sq. Ft.	$262,013
1120 Michigan Rd, Madison, IN 3 Beds \| 2 Baths \| 4268 Sq. Ft.	$353,639

Address	Redfin Estimate
1109 Michigan Rd, Madison, IN 4 Beds \| 2.5 Baths \| 2723 Sq. Ft.	$505,180
1043 Michigan Rd, Madison, IN 3 Beds \| 3 Baths \| 4091 Sq. Ft.	$501,048

Address	Redfin Estimate
1039 Michigan Rd, Madison, IN 4 Beds \| 3.5 Baths \| 4506 Sq. Ft.	$656,019
1136 Michigan Rd, Madison, IN 3 Beds \| 2 Baths \| 2357 Sq. Ft.	$293,007

Property information provided by SIRA when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 47250, IN

Sale history for 1050 Michigan Rd

Tax history for 1050 Michigan Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 47250

Home values near 1050 Michigan Rd

More real estate resources