$23,500
SOLD JUL 15, 2025

506 W Frank St Mitchell, IN 47446

3 Beds
2.5 Baths
2,554 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$9 Per Sq Ft

22% Below List Price

92 Days on Market

Highlights

  • Victorian Architecture
  • Level Lot
  • Wood Siding
  • Central Air

About This Home

As of July 2025

Investors & Restoration Specialists! Can you envision the possibilities of this old diamond in the rough being brought back to its splendor beginnings. 1 1/2 story, 3 Bedroom, 2 1/2 bath Victorian home situated on well shaded lot located next to the new Monon South walking trail and downtown Mitchell. Home has lots of potential but is in need of major repairs & updates. Home is being Sold As Is. Seller specifies that the buyer must buy it for the purpose of rehabilitating the house and property to be liveable. Buyer needs to verify room sizes.

Last Agent to Sell the Property

Debra Suddarth

Suddarth & Company Brokerage Phone: 812-849-3456 Listed on: 04/10/2025

Last Buyer's Agent

Bedford NonMember

NonMember BED

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1885

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Level Lot

Home Design

  • Victorian Architecture
  • Wood Siding
  • Composite Building Materials

Interior Spaces

  • 1.5-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Basement Cellar
  • 1 Bedroom in Basement

Location

  • Suburban Location

Schools

  • Burris/Hatfield Elementary School
  • Mitchell Middle School
  • Mitchell High School

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 47-14-01-211-025.000-005
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1885
  • Age: 140
  • Style: One and Half Story
  • Architectural Style: Victorian
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: ORIG LOT 508
  • Parcel Number ID: 47-14-01-211-025.000-005
  • Platted: Yes
  • Cross Street: 5th Street
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 78.33
  • Year Taxes Payable: 2025
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2554
  • Total Finished Sq Ft: 2554
  • Above Grade Finished Sq Ft: 2554
  • Price Per Sq Ft: 9.2
  • Basement: Yes
  • Basement Foundation: Cellar
  • Bedroom 1: Dimensions: 10x13, On Level: Upper
  • Bedroom 2: Dimensions: 10x12, On Level: Upper
  • Bedroom 3: Dimensions: 10x12, On Level: Main
  • Main Level Sq Ft: 1277
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1

Exterior Features

  • Exterior: Wood
  • Roof Material: Composite
  • Outbuilding1: None

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Mitchell Water

Schools

  • School District: Mitchell Community Schools
  • Elementary School: Burris/Hatfield
  • Middle School: Mitchell
  • High School: Mitchell
  • Elementary School: Burris/Hatfield

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50X130
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Tax Info

  • Annual Taxes: 2300

MLS Schools

  • High School: Mitchell
  • Middle School: Mitchell
  • School District: Mitchell Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
May 28, 2024
Sold by
Mccoy Mark E and Mccoy Teresa A
Bought by
Radius Indiana Inc
Seller's Agent
Debra Suddarth
Suddarth & Company
Buyer's Agent
Debra Suddarth
Suddarth & Company
List Price
$55,500
Sold Price
$55,500
Views
1
Current Estimated Value
$173,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,167
Avg. Annual Appreciation
127.21%
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 Type Sale Price Title Company
Deed $55,500 Classic Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2025 07/15/25 Sold $23,500 -21.7% $9 / Sq Ft
04/10/2025 04/10/25 For Sale $30,000 -45.9% $12 / Sq Ft
05/28/2024 05/28/24 Sold $55,500 0.0% $22 / Sq Ft View Prior Sale
05/28/2024 05/28/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $55,500 -- $22 / Sq Ft
Source: Indiana Regional MLS

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 $2,298 $111,100 $14,400 $96,700
2023 $2,165 $104,500 $13,900 $90,600
2022 $1,922 $97,600 $13,600 $84,000
2021 $1,724 $87,500 $13,100 $74,400
2020 $1,638 $83,300 $12,800 $70,500
2019 $655 $79,300 $12,200 $67,100
2018 $632 $78,400 $12,000 $66,400
2017 $601 $77,500 $11,700 $65,800
2016 $628 $80,300 $11,700 $68,600
2014 $625 $80,000 $11,700 $68,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202512466

Indiana Regional MLS

APN: 47-14-01-211-025.000-005