196 E Madison St, Franklin, IN 46131 Property Records

Johnson County property record for 196 E Madison St, Franklin, IN 46131

Property Summary

Property TypeCondominium
Details3 bd · 2 ba · 1,828 sqft · built 1915
Lot Size0.022 acres (958 sqft)
Owner2 Individual Names on Record
Last Sale$505,400 (Jun 2025)
Tax Bill$2,821 (2025)
Deeds & MortgagesMar 2026 Mortgage
Flood ZoneZone X (minimal risk)
APN51001438002/00

Property Details

APN / Parcel Number

Primary APN51001438002/00
Alternative APNs
  • 41-08-14-043-006.002-009
  • 00001088555

Interior

Bedrooms3 Beds
Full Baths2 Baths
Plumbing Fixtures8 Plumbing Fixtures
Total Rooms6 Rooms
Stories2 Stories
Building Area1,828 sqft Living Area
1st Floor Area1,828 sqft

Exterior

Year BuiltBuilt 1915
Effective Year BuiltEffective 2000
Architectural StyleCondo/Apartment
Construction TypeBrick
Roof MaterialAsphalt
Lot Area958 sqft (0.022 acres)
Lot Dimensions1 ft deep x 1 ft wide

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemCentral

Location & Zoning

Account Number00001088555
Street Address196 E MADISON ST
CityFRANKLIN
StateIN
Zip46131-2330
Property CategoryResidential
Property TypeResidential > Condominium / Townhouse > Condominium
Legal DescriptionCARNEGIE COMMONS UNIT B MP FRANKLIN COMMUNI
Legal SubdivisionCARNEGIE COMMONS
JurisdictionJOHNSON IN
Township / Civil DivisionFRANKLIN
Census Block Group2
Census Block2049
Census Tract611000

Owner

Source: Johnson County records, as of July 14, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record2 Individual Names on Record
Mailing Address196 E MADISON ST, FRANKLIN, IN 46131-2330
OccupancyOwner Occupied
Owner TypeIndividual
VestingHusband and Wife

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleJun 16, 2025 · Amount on Record
Deed SaleJun 16, 2025 · Amount on Record
Prior SaleNov 6, 2014 · Amount on Record
Deed Document Number202511073
Prior Transfer DateJul 22, 2013
Prior Transfer Doc2013018142
Record UpdatedSep 20, 2026

March 2026: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionJOHNSON IN
Property Address196 E MADISON ST, FRANKLIN, IN 46131-2330
Transaction TypeMortgage
Record UpdatedApr 22, 2026

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number2026006458
DateMar 30, 2026
Instrument2026-006458
Lender
NameRUOFF MORTGAGE CO INC
TypeMortgage Company
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term360 Months
DueApr 1, 2056

Tax Assessment & Valuation

Source: Johnson County assessment roll, as of June 19, 2026

Property Jurisdictions

TypeName
StateIndiana
CountyJohnson County
County SubdivisionFranklin Township
MunicipalityFranklin City
Unified School DistrictFranklin Community School Corporation (KG - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$2,821.00 (+23.73%) Homeowner's exemption$278,200 (+41.79%) Land $5,000 Building $273,200$278,200 (+41.79%) Land $5,000 Building $273,200
2024$2,280.00 (+5.46%)
2023$2,162.00 (+9.08%) Homeowner's exemption$196,200 Land $5,000 Building $191,200$196,200 Land $5,000 Building $191,200
2022$1,982.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective September 30, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies4 in force
Nearby Flood Claims8 (1979–2009)
Claims Outside the SFHA4 of 8
Most Recent ClaimAug 2009 · rainfall accumulation
Claims by Event
  • Severe Storms, Flooding, And Tornadoes, Jun 2008 · 4 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemINDIANA AMERICAN WATER - JOHNSON COUNTY
private · serves 86,813 people · EPA ID IN5241005
Water SourceGroundwater
Last State InspectionJan 2024
Lead2 ppb (2022–2024)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 466 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Metronet
Fiber
5,120 / 5,120
Brightspeed
Fiber
2,000 / 2,000
Xfinity
Cable
2,000 / 250
Verizon
Fixed Wireless
300 / 20

May also be available: JC Fiber.

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