NOT LISTED FOR SALE

123-125 E Mechanic St Shelbyville, IN 46176

Estimated Value: $156,000 - $202,000

4 Beds
3 Baths
-- Sq Ft
5,330 Sq Ft Lot

Last Sold January 27, 2023

Last sale price $140,000

Est. 25% increase in value since last sale

Current estimated payment $1,235/month

8 Days on Market

About This Home

As of January 2023

Great income producer. Converted house into triplex. Rent is collected weekly. Landlord pays for utitilites. Trash removal is provided by city.

Last Agent to Sell the Property

Connie Lindsay

Runnebohm Realty, LLC License #RB14030034 Listed on: 01/03/2023

Last Buyer's Agent

Connie Lindsay

Runnebohm Realty, LLC License #RB14030034 Listed on: 01/03/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,318

Year Built

  • Built in 1890

Lot Details

  • 5,330 Sq Ft Lot

Parking

  • Alley Access

Home Design

  • Triplex
  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Community Details

  • J Walker Mech Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, insurance
  • The owner pays for electricity, gas, ins hazard, insurance, taxes, sewer, water
  • Legal Lot and Block 11 / 32
  • Assessor Parcel Number 730732300313000002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,318

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Architectural Style: Colonial
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1890
  • Lot Size Acres: 0.12
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Triplex
  • Subdivision Name: J Walker Mech
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: connieslindsay@gmail.com
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Electricity, Gas, Ins Hazard, Insurance, Taxes, Sewer, Water
  • Gross Area Sq Ft: 3088
  • ResoLivingAreaSource: Assessor
  • SqFt Total: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: See Remarks
  • List Price: 169900

Garage/Parking

  • Parking Features: Alley Access, Gravel
  • Unit Parking: On Street

Utilities

  • Utilities: Cable Available, Electricity Connected, Gas, Sewer Connected, Water Connected
  • Laundry Features: Connections Some
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 10110

Lot Info

  • Lot Features: Access, Curbs, Sidewalks
  • Additional Parcels: No
  • Lot Size Sq Ft: 5330
  • Parcel Number: 730732300313000002
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Cable TV, Insurance

Multi Family

  • Net Operating Income: 26800
  • Gross Income: 37200
  • Insurance Expense: 1200
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2318
  • Tax Block: 32
  • Tax Lot: 11
  • Semi Annual Property Tax Amt: 1159
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2023
Closed on
Jan 24, 2023
Sold by
Grubbs Ricky
Bought by
Lux Matthew
Seller's Agent
Connie Lindsay
Runnebohm Realty, LLC
Buyer's Agent
Connie Lindsay
RE/MAX Advanced Realty
List Price
$169,900
Sold Price
$140,000
Premium/Discount to List
-$29,900
-17.6%
Views
70
Current Estimated Value
$175,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,210
Avg. Annual Appreciation
4.55%

Purchase Details

Closed on
Nov 10, 2020
Sold by
Preferred Properties Of Shellyville Llc
Bought by
Spivey David G

Purchase Details

Listed on
Nov 22, 2013
Closed on
Jan 20, 2014
Sold by
Johnson Dee Lite and Boyd Peggy D
Bought by
Preferred Properties Llc
Seller's Agent
David Warble
Warble Property Group
Buyer's Agent
Connie Lindsay
RE/MAX Advanced Realty
List Price
$49,900
Sold Price
$40,000
Premium/Discount to List
-$9,900
-19.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.50%

Purchase Details

Closed on
Nov 17, 2008
Sold by
The Bank Of New York
Bought by
Mcdonald Charles L

Purchase Details

Closed on
Jun 26, 2008
Sold by
Musgrave Michelle K
Bought by
Bank Of New York

Purchase Details

Closed on
Aug 31, 2005
Sold by
Musgrave Joseph S and Musgrave Michelle K
Bought by
Musgrave Michelle K
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Lux Matthew $140,000 --
Spivey David G -- None Available
Preferred Properties Llc -- None Available
Mcdonald Charles L -- --
Bank Of New York $93,600 --
Musgrave Michelle K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lux Matthew $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2023 01/27/23 Sold $140,000 -17.6% --
01/12/2023 01/12/23 Pending -- -- --
01/03/2023 01/03/23 For Sale $169,900 +324.8% --
01/20/2014 01/20/14 Sold $40,000 -19.8% --
01/07/2014 01/07/14 Pending -- -- --
11/22/2013 11/22/13 For Sale $49,900 -- --
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 $3,398 $169,900 $10,800 $159,100
2023 $3,398 $169,900 $10,800 $159,100
2022 $2,688 $134,400 $8,800 $125,600
2021 $2,310 $115,500 $8,200 $107,300
2020 $2,546 $127,300 $8,100 $119,200
2019 $4,940 $120,200 $8,100 $112,100
2018 $2,162 $108,100 $8,100 $100,000
2017 $2,072 $103,600 $8,100 $95,500
2016 $2,196 $109,800 $8,100 $101,700
2014 $2,176 $108,800 $8,100 $100,700
2013 $2,176 $108,800 $8,100 $100,700
Source: Public Records

Agents Affiliated with this Home

  • Connie Lindsay

    Seller's Agent in 2023

    Connie Lindsay

    Runnebohm Realty, LLC

    (317) 431-4537

    61 in this area

    106 Total Sales

    Connie Lindsay
    Section Image

  • D

    Seller's Agent in 2014

    David Warble

    Warble Property Group

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21898661

MIBOR Broker Listing Cooperative®

APN: 73-07-32-300-313.000-002

Indiana Shelby County Shelbyville 46176

123-125 E Mechanic St, Shelbyville, IN

This home is located at 123-125 E Mechanic St, Shelbyville, IN 46176 since 03 January 2023 and is currently estimated at $175,210. This property was built in 1890. 123-125 E Mechanic St is a home located in Shelby County with nearby schools including Coulston Elementary School, Shelbyville Middle School, and Shelbyville Senior High School.

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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.

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