NOT LISTED FOR SALE

203 W Mechanic St Shelbyville, IN 46176

Estimated Value: $175,000 - $251,180

2 Beds
3 Baths
3,555 Sq Ft
$58/Sq Ft Est. Value

Last Sold September 27, 2018

Last sale price $85,000 $24 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $1,205/month

7 Days on Market

About This Home

As of September 2018

This vintage lady has been the home to a well-maintained and profitable beauty salon PLUS two income-producing apartments. The salon features 5 stations + 3 shampoo bowls, spacious sitting area, restroom, break room with laundry PLUS a private office that can be rented separately. The home features maintenance free replacement windows, professional landscape with privacy fence, an owner's garage and a clean smoke-free environment. The occupied apartments each offer 1 bedroom, living room, eat-in kitchen with stove & refrigerator, bathroom and private entrances. Lots of options here... Convert the salon to owner's quarters or operate the salon and the apartments will pay for the building!

Last Agent to Sell the Property

Linda West

Carpenter, REALTORS® License #RB14039605 Listed on: 08/29/2018

Carpenter, REALTORS®

Last Buyer's Agent

Linda West

Carpenter, REALTORS® License #RB14039605 Listed on: 08/29/2018

Carpenter, REALTORS®

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,356

Parking

  • 1 Car Garage

Home Design

  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 4,356 Sq Ft Lot
  • Basement

Listing and Financial Details

  • Tenant pays for cable TV, insurance
  • The owner pays for insurance, lawncare, taxes, all utilities
  • Assessor Parcel Number 730731400225000002

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TradAmer
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1900
  • Lot Size Acres: 0.1
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: This vintage lady has been the home to a well-maintained and profitable beauty salon PLUS two income-producing apartments. The salon features 5 stations + 3 shampoo bowls, spacious sitting area, restroom, break room with laundry PLUS a private office that can be rented separately. The home features maintenance free replacement windows, professional landscape with privacy fence, an owner's garage and a clean smoke-free environment. The occupied apartments each offer 1 bedroom, living room, eat-in kitchen with stove & refrigerator, bathroom and private entrances. Lots of options here... Convert the salon to owner's quarters or operate the salon and the apartments will pay for the building!
  • Transaction Type: Sale
  • Unit Count: 3
  • Conversion: 1
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: Insurance, Lawncare, Taxes, All Utilities
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: ConnSome

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 119900

Garage/Parking

  • Garage Spaces: 1
  • Unit Parking: On Street

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 8500

Lot Info

  • Parcel Number: 730731400225000002
  • Acres: <1/4 Acre
  • Lot Information: Corner
  • Lot Number: 31
  • Lot Size: 4,356

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Insurance

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2560
  • Semi Annual Property Tax Amt: 1280
  • Tax Exemption: MortageTaxExemption

MLS Schools

  • School District: Shelbyville Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2020
Sold by
Dickmann Bradley P
Bought by
Dickmann Eric and Dickmann D Bradley P B
Current Estimated Value
$204,545

Purchase Details

Listed on
Aug 29, 2018
Closed on
Sep 27, 2018
Sold by
Wilkes Earl and Wilkes Arlene E
Bought by
Dickmann Bradley P
Seller's Agent
Linda West
Carpenter, REALTORS®
Buyer's Agent
Linda West
Carpenter, REALTORS®
List Price
$122,900
Sold Price
$85,000
Premium/Discount to List
-$37,900
-30.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.26%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Dickmann Eric -- Security Title Services
Dickmann Bradley P $85,000 Security Title Services
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2018 09/27/18 Sold $85,000 -29.1% $24 / Sq Ft
09/06/2018 09/06/18 Pending -- -- --
08/30/2018 08/30/18 Price Changed $119,900 -2.4% $34 / Sq Ft
08/29/2018 08/29/18 For Sale $122,900 -- $35 / 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 $1,440 $144,000 $10,300 $133,700
2023 $2,880 $144,000 $9,900 $134,100
2022 $1,229 $122,900 $8,500 $114,400
2021 $2,112 $105,600 $7,900 $97,700
2020 $2,304 $115,200 $10,400 $104,800
2019 $2,580 $129,000 $11,500 $117,500
2018 $2,580 $129,000 $12,200 $116,800
2017 $2,560 $128,000 $12,200 $115,800
2016 $2,808 $140,400 $12,200 $128,200
2014 $2,802 $140,100 $12,200 $127,900
2013 $2,802 $140,100 $12,200 $127,900
Source: Public Records

Agents Affiliated with this Home

  • Linda West

    Seller's Agent in 2018

    Linda West

    Carpenter, REALTORS®

    (317) 442-9732

    83 in this area

    168 Total Sales

    Linda West
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21592587

MIBOR Broker Listing Cooperative®

APN: 73-07-31-400-225.000-002

Indiana Shelby County Shelbyville 46176

203 W Mechanic St, Shelbyville, IN

This home is located at 203 W Mechanic St, Shelbyville, IN 46176 since 29 August 2018 and is currently estimated at $204,545, approximately $57 per square foot. This property was built in 1900. 203 W Mechanic St is a home located in Shelby County with nearby schools including Thomas A. Hendricks Elementary School, Shelbyville Middle School, and Shelbyville Senior High School.

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.

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