242 Fairmount Dr
Madison, IN 47250
4 bd 2 ba 3,387 sqft Built 1940 Lot 110,555 sqft single_family
Most recent sale
$650,000
Aug 10, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 31, 2022 | Sold | $675,000 | Public Record |
| Apr 6, 2022 | Listed | $695,000 | MLS #202207965 |
| Aug 10, 2021 | Sold | $650,000 | Public Record |
| May 18, 2021 | Price changed | $688,000 | MLS #202106013 |
| Apr 5, 2021 | Relisted | $695,000 | MLS #202106013 |
| Mar 1, 2021 | Listed | $695,000 | MLS #202106013 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $310,800 | $78,700 | $389,500 | $3,895 |
| 2022 | $283,600 | $78,700 | $362,300 | $3,772 |
| 2021 | $259,700 | $78,700 | $338,400 | $3,592 |
| 2020 | $263,300 | $78,700 | $342,000 | $3,555 |
| 2019 | $279,400 | $78,700 | $358,100 | $4,039 |
| 2018 | $222,500 | $78,700 | $301,200 | $3,420 |
| 2017 | $177,700 | $78,700 | $256,400 | $2,856 |
| 2016 | $225,000 | $78,700 | $303,700 | $3,425 |
| 2015 | $222,500 | $78,700 | $301,200 | $3,423 |
| 2014 | $223,200 | $78,700 | $301,900 | $3,412 |
| 2013 | $237,800 | $78,700 | $316,500 | $4,847 |
| 2012 | $237,800 | $78,700 | $316,500 | $4,904 |
| 2011 | $276,900 | $78,700 | $355,600 | $5,216 |
| 2010 | $276,900 | $78,700 | $355,600 | $4,083 |
| 2009 | $276,900 | $78,700 | $355,600 | $5,043 |
| 2008 | $221,500 | $78,700 | $300,200 | $3,961 |
Property facts
Year built
1940
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
3,387 sqft
Lot size
110,555 sqft
ZIP code
47250
City
Madison
Street
Fairmount Dr
Coordinates
38.74501, -85.38327
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,081
Gross rental yield
9.38%
Implied cap rate
6.10%
Trend-extrapolated value
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Frequently asked questions
When did 242 Fairmount Dr last sell?
242 Fairmount Dr most recently sold on Aug 10, 2021 for $650,000.
What is the current tax assessment for 242 Fairmount Dr?
The most recent total assessment for 242 Fairmount Dr (year 2024) is $389,500 with $3,895 in property tax.
How does 242 Fairmount Dr's assessment compare to its last sale price?
The current assessment is 40.1% below the last sale price of $650,000.
When was 242 Fairmount Dr built?
242 Fairmount Dr was built in 1940.
How does 242 Fairmount Dr compare to others on Fairmount Dr?
We track 8 other properties on Fairmount Dr. Browse the list under "Other properties on Fairmount Dr" to compare beds, baths, and sale history.
What are the property facts for 242 Fairmount Dr?
242 Fairmount Dr is a 4 bed, 2 bath, 3,387 sqft, 110,555 sqft lot single_family.
Is 242 Fairmount Dr a flip candidate?
No — 242 Fairmount Dr does not appear in our flips dataset.
Is 242 Fairmount Dr a tax-appeal candidate?
No — 242 Fairmount Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.4%
Implied 1-yr
+9.4%
2026 Q2
$327.5K
2026 Q3
$334.2K
ZIP 47250 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Fairmount Dr