4515 N Paper Mill Road Madison, IN $ 509,000
4515 N Paper Mill Road
$ 509,000
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4515 N Paper Mill Road

Madison, IN, 47250
$ 509,000
Bedrooms4 Baths2.0 Sq 2,468

Monthly Estimate*

$ 3,516

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Single Family Home for sale in Madison, IN

for $509,000 with 4 bedrooms and 2 full baths. This 2,468 square foot home was built in 1855 on a lot size of 5.

Historic 1855 home on 5 acres. Built more than 170 years ago of solid brick, this residence retains it's robust construction and period character. The home has been fully rewired, plumbed, insulated, and features Pella windows throughout. The roof and gutters were new in 2023. 2,468 sq ft with 4 bedrooms and 2 full baths. The primary bedroom includes his-and-hers closets and an en-suite bath with a clawfoot tub and separate shower. Original wood floors in much of the house, oak cabinetry, and stainless appliances. Concrete patio overlooks open fields and mature trees. A standout feature is the 36×54 high-ceiling pole barn garage (2019), fully insulated and heated for workshop, storage, or multi-use. Located just outside Madison city limits—3.2 miles from McDonald’s and 4.3 miles from Walmart—it offers convenient access to daily needs while retaining a distinctly rural setting near historic Madison. Authentic mid-19th-century brick architecture paired with practical modern updates.

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Single Family Active

Price

$ 509,000

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 1,236

Style

Lot Size

5

Year Built

1855

Town/City

Madison

County/Region

Jefferson

MLS | Web ID

2026012604

Features
General
Sewer Septic Tank
Heating Forced Air Hot Water Other
Cooling Central Air
Possession Close Plus 30 Days
Appliances Dishwasher Microwave Oven Range Refrigerator
Development Status Other
Zoning Agri/ Residential
Patio/Porch Features Deck Patio
Architectural Style Two Story
Construction Materials Brick
Year Built 1855
Stories Count 2
Township Madison
Levels Two
Property Subtype Residential
County Jefferson_IN
New Construction false
Property Type Residential
HOA false
Garage Y/N false
Total Rooms 5
Full Baths 2
Status Active
Directions From Madison proceed north on Michigan Rd to Dawson Smith Rd. At the second stop sign turn north on Paper Mill Rd. The home is second on the left.
City Madison
Zoning Description Agri/ Residential
MLS Area All Other Areas
Lot Size Units Acres
Lot Size Square Feet 217800
Listing Terms Cash Conventional VA Loan
Tax Annual Amount 1236
Standard Status Active
Occupancy Type Owner
Property Sub Type Additional Residential
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Interior
Interior Amenities Eat-in Kitchen Bath in Primary Bedroom Utility Room
Basement Exterior Entry Partial Sump Pump
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 2468
Half Baths 0
Laundry Features Main Level Laundry Room
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 2
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Exterior
Exterior Amenities Deck Patio
Parking Features No Garage
Lot Features Garden
Water Source Connected Public
Lot Size Area 5
Foundation Details Stone Cellar
Building Area Total 2468
Lot Dimensions 450x444
Lot Size Acres 5
Road Surface Type Paved
Other Parking Off Street
Lot Size Source Public Records
Pasture Area 3
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* Excluded Features
List By
Josh Vida

Listing Agent

Paradigm Realty Solutions, Llc

Broker

josh@realtyparadigm.com

Email

Affordability Calculator

$3,619
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,516
Monthly Property Taxes
$103
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
10/16/2026$509,000 Listed Price

Map


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4515 N Paper Mill Road, Madison, IN, 47250 is a Single Family Home for sale at $509,000 with 2,468 sqft and a lot size of 5. 4515 N Paper Mill Road has 4 bedrooms, 2.0 baths, and was built in 1855. The property's zip code is 47250 which is in Madison, IN