413 W Franklin St Shelbyville, IN 46176
--
Bed
--
Bath
2,934
Sq Ft
8,995
Sq Ft Lot
Highlights
- Mature Trees
- Traditional Architecture
- 1-Story Property
About This Home
As of February 2025Invest Wisely: Your Opportunity Awaits in Shelbyville! This charming duplex in Shelbyville offers the perfect blend of income potential and comfortable living. This 3-bedroom, 1.5-bathroom unit is ready for your personal touch. Enjoy the cozy fireplace, elegant tray ceilings, and ample living space. The updated kitchen features sleek black appliances and plenty of storage. The updated bathroom boasts a modern walk-in shower. Fresh flooring throughout the unit creates a clean and welcoming atmosphere. This udpated 2-bedroom, 1-bathroom unit is currently leased for $775 per month until August 2025. Residents will enjoy easy access to local amenities, schools, and parks. Fenced-in yard for privacy and outdoor enjoyment. Unfinished basement provides ample storage space. Shelbyville's growing demand for rental properties makes this a smart investment. Live in one unit and rent out the other to offset your mortgage. Don't miss this opportunity to secure your financial future!
Last Agent to Sell the Property
T&H Realty Services, Inc. Brokerage Email: rosie@threaltyinc.com License #RB21000043 Listed on: 12/02/2024
Last Buyer's Agent
Terri Ashmore
United Real Estate Indpls
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,662
Year Built
- Built in 1979
Lot Details
- 8,995 Sq Ft Lot
- Mature Trees
Home Design
- Duplex
- Traditional Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Schools
- Thomas A Hendricks Elementary Sch
- Shelbyville Middle School
- Shelbyville Sr High School
Additional Features
- 1-Story Property
- Suburban Location
- Basement
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for taxes, sewer, water
- Tax Lot 3-4
- Assessor Parcel Number 731106200044000002
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2024
Closed on
Feb 12, 2025
Sold by
Gilstrap Derek and Gilstrap Jami
Bought by
Patriot Island Investments Llc
Seller's Agent
Rosie Berzenye
T&H Realty Services, Inc.
Buyer's Agent
Terri Ashmore
United Real Estate Indpls
List Price
$185,000
Sold Price
$163,900
Premium/Discount to List
-$21,100
-11.41%
Views
68
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,774
Avg. Annual Appreciation
49.62%
Purchase Details
Listed on
Sep 28, 2022
Closed on
Feb 16, 2023
Sold by
Shelbyville Property Holdings Llc
Bought by
Gilstrap Derek and Gilstrap Jami
Seller's Agent
Javier Alfonso
Berkley & State, LLC
Buyer's Agent
Cortney Hull
White Stag Realty, LLC
List Price
$185,000
Sold Price
$180,000
Premium/Discount to List
-$5,000
-2.7%
Views
71
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.60%
Original Mortgage
$135,000
Interest Rate
6.33%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 24, 2022
Sold by
Paul Ellerbusch
Bought by
Shelbyville Property Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
5.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 19, 2021
Sold by
Indianapolis Real Estate Investments Llc
Bought by
Paul Ellerbusch
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
2.86%
Purchase Details
Closed on
Nov 18, 2020
Sold by
Sundvall Frankie
Bought by
Indianapolis Real Estate Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,920
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
Sep 25, 2018
Closed on
Jan 23, 2019
Sold by
Roldan Justin
Bought by
Sundvall Frankie
Seller's Agent
Phyllis Gillingham
Red Dog Realty, LLC
Buyer's Agent
Nathan Runnebohm
Runnebohm Realty, LLC
List Price
$55,000
Sold Price
$19,000
Premium/Discount to List
-$36,000
-65.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.20%
Purchase Details
Listed on
Dec 30, 2017
Closed on
Jan 11, 2018
Bought by
Justin Roldan
Seller's Agent
Jenni Ruiz
J S Ruiz Realty, Inc.
Buyer's Agent
Phyllis Gillingham
Red Dog Realty, LLC
List Price
$34,900
Sold Price
$35,109
Premium/Discount to List
$209
0.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-44.91%
Purchase Details
Closed on
Oct 5, 2017
Sold by
Barnard Bradley
Bought by
Federal Home Loan Mortgage Corp
Similar Home in Shelbyville, IN
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $180,000 | -- | |
| Quit Claim Deed | -- | Williams Steven A | |
| Deed | $135,000 | -- | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $19,000 | Title Solutions Plus Corp | |
| Deed | $35,100 | -- | |
| Special Warranty Deed | $35,109 | Total Title | |
| Sheriffs Deed | $34,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $135,000 | New Conventional | |
| Previous Owner | $129,500 | New Conventional | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $73,920 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/12/2025 02/12/25 | Sold | $163,900 | -11.4% | $56 / Sq Ft |
| 01/27/2025 01/27/25 | Pending | -- | -- | -- |
| 01/08/2025 01/08/25 | For Sale | $185,000 | 0.0% | $63 / Sq Ft |
| 12/06/2024 12/06/24 | Pending | -- | -- | -- |
| 12/02/2024 12/02/24 | For Sale | $185,000 | +2.8% | $63 / Sq Ft |
| 02/16/2023 02/16/23 | Sold | $180,000 | -2.7% | $61 / Sq Ft |
| 01/20/2023 01/20/23 | Pending | -- | -- | -- |
| 12/17/2022 12/17/22 | For Sale | $185,000 | 0.0% | $63 / Sq Ft |
| 11/25/2022 11/25/22 | Pending | -- | -- | -- |
| 11/25/2022 11/25/22 | For Sale | $185,000 | +2.8% | $63 / Sq Ft |
| 11/04/2022 11/04/22 | Pending | -- | -- | -- |
| 11/04/2022 11/04/22 | Off Market | $180,000 | -- | -- |
| 09/28/2022 09/28/22 | For Sale | $185,000 | +873.7% | $63 / Sq Ft |
| 01/23/2019 01/23/19 | Sold | $19,000 | 0.0% | $5 / Sq Ft |
| 01/09/2019 01/09/19 | Off Market | $19,000 | -- | -- |
| 10/26/2018 10/26/18 | Price Changed | $45,000 | -18.2% | $12 / Sq Ft |
| 09/25/2018 09/25/18 | For Sale | $55,000 | +56.7% | $15 / Sq Ft |
| 01/11/2018 01/11/18 | Sold | $35,109 | +0.6% | $12 / Sq Ft |
| 01/04/2018 01/04/18 | Pending | -- | -- | -- |
| 12/30/2017 12/30/17 | For Sale | $34,900 | -- | $12 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $2,922 | $146,100 | $20,600 | $125,500 |
| 2023 | $2,662 | $133,100 | $16,900 | $116,200 |
| 2022 | $2,048 | $102,400 | $13,000 | $89,400 |
| 2021 | $1,430 | $71,500 | $15,300 | $56,200 |
| 2020 | $1,708 | $59,500 | $13,200 | $46,300 |
| 2019 | $514 | $69,200 | $15,100 | $54,100 |
| 2018 | $491 | $64,900 | $15,100 | $49,800 |
| 2017 | $393 | $64,200 | $15,100 | $49,100 |
| 2016 | $674 | $85,800 | $15,100 | $70,700 |
| 2014 | $632 | $85,200 | $15,100 | $70,100 |
| 2013 | $632 | $85,200 | $15,100 | $70,100 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Rosie Berzenye
T&H Realty Services, Inc.
(317) 777-0750
1 in this area
245 Total Sales
-
T
Buyer's Agent in 2025
Terri Ashmore
United Real Estate Indpls
-
J
Seller's Agent in 2023
Javier Alfonso
Berkley & State, LLC
(317) 331-2927
1 in this area
8 Total Sales
-
C
Buyer's Agent in 2023
Cortney Hull
White Stag Realty, LLC
-
Seller's Agent in 2019
Phyllis Gillingham
Red Dog Realty, LLC
(317) 626-9503
1 in this area
170 Total Sales
-
N
Buyer's Agent in 2019
Nathan Runnebohm
Runnebohm Realty, LLC
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22013259
APN: 73-11-06-200-044.000-002
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