NOT LISTED FOR SALE

103 E Polk St Shelbyville, IN 46176

Estimated Value: $155,000 - $296,000

4 Beds
3 Baths
2,226 Sq Ft
$105/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $330,000 $148 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $1,448/month

258 Days on Market

About This Home

As of May 2022

INVESTMENT OPPORTUNITY! This package includes a 3 unit multifamily property along with a 4 unit property located at 124 E Taylor St Shelbyville, IN 46176. These properties offers for a great rental opportunity with great cash flow ($4,225 monthly rent!) in a growing tertiary market of Shelbyville.

Last Agent to Sell the Property

James Storey

Keller Williams Indy Metro S Listed on: 08/27/2021

Keller Williams Indy Metro S

Last Buyer's Agent

Justin Polston

Mackenzie Allen, Polston & Ass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,942

Home Design

  • Midcentury Modern Architecture
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 5,942 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for lawncare, sewer, water
  • Assessor Parcel Number 731105100354000002

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Commercial Units - 5+
  • Architectural Style: Mid-Century Modern
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1900
  • Lot Size Acres: 0.1364
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Lawncare, Sewer, Water
  • Sq Ft Main Upper: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Solid Waste: 0

Lot Info

  • Parcel Number: 731105100354000002
  • Acres: <1/4 Acre
  • Lot Information: Corner
  • Lot Number: 9
  • Lot Size: 5,940

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Net Operating Income: 30515

Tax Info

  • Tax Annual Amount: 9054
  • Semi Annual Property Tax Amt: 4527
  • Tax Exemption: None

MLS Schools

  • School District: Shelbyville Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
May 16, 2022
Sold by
Vermilion Eric
Bought by
K Bar Investments Series E
Seller's Agent
James Storey
Keller Williams Indy Metro S
Buyer's Agent
Justin Polston
Mackenzie Allen, Polston & Ass
List Price
$335,000
Sold Price
$330,000
Premium/Discount to List
-$5,000
-1.49%
Current Estimated Value
$232,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$97,378
Avg. Annual Appreciation
-9.64%

Purchase Details

Closed on
May 15, 2019
Sold by
Great Move Real Esrare Llc
Bought by
Vermilion Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,125
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 18, 2017
Closed on
May 25, 2017
Sold by
Devisees Of The Last Will And Testam Randolph
Bought by
Moore David E
Seller's Agent
Suzanne Findley
Keller Williams Indy Metro S
Buyer's Agent
Sue Miller
RE/MAX Realty Group
List Price
$49,900
Sold Price
$33,000
Premium/Discount to List
-$16,900
-33.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.07%

Purchase Details

Listed on
Apr 18, 2017
Closed on
May 23, 2017
Sold by
Gardner Raye Anne
Bought by
Great Move Real Estate Llc
Seller's Agent
Suzanne Findley
Keller Williams Indy Metro S
Buyer's Agent
Sue Miller
RE/MAX Realty Group
List Price
$49,900
Sold Price
$33,000
Premium/Discount to List
-$16,900
-33.87%

Purchase Details

Closed on
Aug 15, 2005
Sold by
Core Randolph F
Bought by
Core Randolph F and Gardner Raye Anne
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 Buyer Sale Price Title Company
K Bar Investments Series E -- New Title Company Name
Vermilion Eric $89,500 Hocker Title
Moore David E $33,000 --
Great Move Real Estate Llc -- None Available
Great Move Real Estate Llc -- None Available
Core Randolph F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vermilion Eric $67,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2022 05/16/22 Sold $330,000 -1.5% $148 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $335,000 +1.5% $150 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
12/15/2021 12/15/21 Off Market $330,000 -- --
08/27/2021 08/27/21 For Sale $335,000 0.0% $150 / Sq Ft
09/05/2020 09/05/20 Rented $525 0.0% --
08/10/2020 08/10/20 For Rent $525 0.0% --
08/27/2019 08/27/19 Sold $750 0.0% $0 / Sq Ft View Prior Sale
07/23/2019 07/23/19 Rented $450 0.0% --
06/26/2019 06/26/19 For Sale $750 0.0% $0 / Sq Ft
06/26/2019 06/26/19 For Rent $450 0.0% --
05/25/2017 05/25/17 Sold $33,000 -33.9% $15 / Sq Ft View Prior Sale
05/10/2017 05/10/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $49,900 -- $22 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $2,776 $138,800 $7,900 $130,900
2023 $2,776 $138,800 $7,900 $130,900
2022 $2,368 $118,400 $6,700 $111,700
2021 $2,034 $101,700 $6,800 $94,900
2020 $2,220 $111,000 $7,700 $103,300
2019 $2,118 $105,900 $7,500 $98,400
2018 $1,208 $112,100 $8,600 $103,500
2017 $2,570 $128,500 $8,600 $119,900
2016 $2,504 $125,200 $8,600 $116,600
2014 $2,480 $124,000 $8,600 $115,400
2013 $2,480 $124,000 $8,600 $115,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    James Storey

    Keller Williams Indy Metro S

    Section Image

  • J

    Buyer's Agent in 2022

    Justin Polston

    Mackenzie Allen, Polston & Ass

    Section Image

  • S

    Buyer's Agent in 2020

    Susan Powers

    Mackenzie Allen, Polston & Ass

    Section Image
  • Suzanne Findley

    Seller's Agent in 2017

    Suzanne Findley

    Keller Williams Indy Metro S

    (317) 919-2254

    1 in this area

    89 Total Sales

    Suzanne Findley
    Section Image
  • Kevin Findley

    Seller Co-Listing Agent in 2017

    Kevin Findley

    Keller Williams Indy Metro S

    (317) 919-2033

    77 Total Sales

    Kevin Findley
    Section Image

  • S

    Buyer's Agent in 2017

    Sue Miller

    RE/MAX

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21809878

MIBOR Broker Listing Cooperative®

APN: 73-11-05-100-354.000-002

Indiana Shelby County Shelbyville 46176

103 E Polk St, Shelbyville, IN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Nearby Homes