$210,000
SOLD JUL 1, 2025

103 B N Main St Farmland, IN 47340

3 Beds
4 Baths
4,140 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$51 Per Sq Ft

11% Below List Price

32 Days on Market

About This Home

As of July 2025

Don’t miss this rare chance to own a beautifully maintained historic building located right on Main Street in the heart of Farmland, Indiana. This versatile, income-producing property offers the perfect blend of classic charm and modern functionality. The main floor features professional office space currently leased by Edward Jones, a nationally recognized investment firm, providing a steady and reliable income stream. Upstairs, you’ll find a stunning 3-bedroom, 2-bath loft apartment that boasts luxurious finishes, soaring ceilings, and gleaming hardwood floors throughout. Step outside to enjoy a private rooftop deck – a rare find in this area. Both units are fully leased with strong tenants in place. The office tenant pays $1,200/month and is under contract through August 31, 2026. The loft apartment is leased at $1,200/month through October 31, 2025. Even better – both tenants are responsible for their own utilities, making this a truly hands-off investment opportunity. The main level is 2,324 square feet and upper level is 1,817 square feet. Additional highlights include: Hardwood floors and tall ceilings throughout both levels HVAC system replaced in 2010 Roof replaced in 2011 Excellent visibility and location in a charming, walkable downtown area. Properties like this don’t come along often – especially ones that cash flow from day one.

Last Agent to Sell the Property

Jerrett Flesher

Flesher Brothers Auctioneering and Real Estate Inc Brokerage Phone: 765-716-8418 Listed on: 05/05/2025

Last Buyer's Agent

Bonnie Fries

Best Choice Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,999

Year Built

  • Built in 1890

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 23' x 110'

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,140 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Monroe Central Elementary And Middle School
  • Monroe Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 68-07-13-176-063.000-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,999

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1890
  • Age: 135
  • Style: Two Story
  • Total Number of Rooms: 13
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 2
  • Legal Description: 23' C Pt Lots 97-98-99 & C Pt Lot 100
  • Parcel Number ID: 68-07-13-176-063.000-008
  • Platted: Yes
  • Sp Lp Percent: 89.44
  • Year Taxes Payable: 2025
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 4140
  • Total Finished Sq Ft: 4140
  • Above Grade Finished Sq Ft: 4140
  • Price Per Sq Ft: 50.72
  • Living Great Room: Dimensions: 22x21, On Level: Upper
  • Kitchen: Dimensions: 20x17, On Level: Upper
  • Dining Room: Dimensions: 17x17, On Level: Upper
  • Family Room: Dimensions: 14x13, On Level: Upper
  • Bedroom 1: Dimensions: 16x13, On Level: Upper
  • Bedroom 2: Dimensions: 10x10, On Level: Upper
  • Bedroom 3: Dimensions: 11x10, On Level: Upper
  • Number of Main Level Half Bathrooms: 2

Exterior Features

  • Exterior: Brick
  • Outbuilding1: None

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Laundry: Dimensions: Upperx8, On Level: 8

Schools

  • School District: Monroe Central School Corp.
  • Elementary School: Monroe Central
  • Middle School: Monroe Central
  • High School: Monroe Central
  • Elementary School: Monroe Central

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 23' X 110'
  • Estimated Lot Sq Ft: 2178
  • Estimated Lot Size Acres: 0.05

Tax Info

  • Annual Taxes: 4999.38

MLS Schools

  • High School: Monroe Central
  • Middle School: Monroe Central
  • School District: Monroe Central School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2025
Closed on
Jul 1, 2025
Sold by
Simpleton Properties Llc
Bought by
Khatri Ahmad S
Seller's Agent
Jerrett Flesher
Flesher Brothers Auctioneering and Real Estate Inc
Buyer's Agent
Bonnie Fries
Best Choice Realty, LLC
List Price
$234,799
Sold Price
$210,000
Premium/Discount to List
-$24,799
-10.56%
Total Days on Market
32
Views
311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.55%

Purchase Details

Closed on
Apr 21, 2011
Sold by
Fam Company Llc
Bought by
Simpleton Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
4.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $89,600 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Sold $210,000 -10.6% $51 / Sq Ft
06/06/2025 06/06/25 Pending -- -- --
05/05/2025 05/05/25 For Sale $234,799 -- $57 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,965 $165,500 $4,300 $161,200
2023 $4,965 $165,500 $4,300 $161,200
2022 $4,404 $167,400 $4,300 $163,100
2021 $2,693 $106,600 $6,400 $100,200
2020 $1,795 $70,700 $6,400 $64,300
2019 $1,795 $70,700 $6,400 $64,300
2018 $1,795 $70,700 $6,400 $64,300
2017 $1,748 $68,800 $6,400 $62,400
2016 $1,350 $52,900 $6,400 $46,500
2014 $1,297 $51,900 $6,400 $45,500
2013 $1,297 $50,300 $6,400 $43,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202516093

Indiana Regional MLS

APN: 68-07-13-176-063.000-008