NOT LISTED FOR SALE

48 E Mechanic St Unit 1 Shelbyville, IN 46176

Estimated Value: $207,000 - $290,081

6 Beds
5 Baths
2,086 Sq Ft
$125/Sq Ft Est. Value

Last Sold February 20, 2023

Last sale price $725 $0 Per Sq Ft

Est. 36,006% increase in value since last sale

Current estimated payment $1,756/month

571 Days on Market

About This Home

As of February 2023

Cute efficiency all utilities included, including central air. 1/2 block away from downtown Shelbyville shopping, dining, and trails.

Last Agent to Sell the Property

Justin Polston

Mackenzie Allen, Polston & Ass License #RB14043542 Listed on: 07/28/2021

Last Buyer's Agent

Susan Powers

Mackenzie Allen, Polston & Ass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 6,900 Sq Ft Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Community Details

  • Penn Adj Subdivision
  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for insurance
  • The owner pays for lawncare, taxes, trash collection, all utilities, water
  • Assessor Parcel Number 730732300161000002

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Fourplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1890
  • Lot Size Acres: 0.16
  • Subdivision Name: Penn Adj
  • Inspection Warranties: Not Applicable
  • Transaction Type: Lease
  • Conversion: Yes
  • MBR_AttributionContact: JPOLSTON@MACKENZIEALLENREALESTATE.COM
  • Special Features: None

Interior Features

  • Basement: No
  • Furnished: Unfurnished
  • Owner Pays: Lawncare, Taxes, Trash Collection, All Utilities, Water

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block

Garage/Parking

  • Unit Parking: Parking Lot

Utilities

  • Utilities: Electricity Connected, Gas Nearby
  • Laundry Features: No Laundry Facil.
  • Solid Waste: Yes

Lot Info

  • Lot Features: Other
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Lot Size Sq Ft: 6900
  • Parcel Number: 730732300161000002
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Lease Amount: 725
  • Tenant Pays: Insurance

Tax Info

  • Tax Annual Amount: 2166
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 1083
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2019
Sold by
B & K Properties Inc
Bought by
Duran Oscar
Current Estimated Value
$261,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Duran Oscar -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Duran Oscar $187,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2023 02/20/23 Sold $725 0.0% $0 / Sq Ft
07/28/2021 07/28/21 For Sale $725 0.0% $0 / Sq Ft
01/18/2021 01/18/21 Rented $745 +25.2% --
11/17/2020 11/17/20 For Rent $595 -- --
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 $4,416 $220,800 $8,700 $212,100
2023 $2,872 $143,600 $5,100 $138,500
2022 $2,520 $126,000 $4,400 $121,600
2021 $2,420 $121,000 $4,700 $116,300
2020 $2,992 $149,600 $7,000 $142,600
2019 $1,924 $121,000 $6,000 $115,000
2018 $780 $107,700 $8,800 $98,900
2017 $1,068 $103,400 $8,800 $94,600
2016 $2,178 $108,900 $8,800 $100,100
2014 $2,166 $108,300 $8,800 $99,500
2013 $2,166 $108,300 $8,800 $99,500
Source: Public Records

Agents Affiliated with this Home

  • Justin Polston

    Seller's Agent in 2023

    Justin Polston

    Mackenzie Allen, Polston & Ass

    (317) 364-1106

    49 in this area

    60 Total Sales

    Justin Polston
    Section Image

  • S

    Buyer's Agent in 2023

    Susan Powers

    Mackenzie Allen, Polston & Ass

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21801699

MIBOR Broker Listing Cooperative®

APN: 73-07-32-300-161.000-002

Indiana Shelby County Shelbyville 46176

48 E Mechanic St Unit 1, Shelbyville, IN

This home is located at 48 E Mechanic St Unit 1, Shelbyville, IN 46176 since 28 July 2021 and is currently estimated at $261,770, approximately $125 per square foot. This property was built in 1890. 48 E Mechanic St Unit 1 is a home located in Shelby County with nearby schools including Coulston 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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