NOT LISTED FOR SALE

54 E Mechanic St Shelbyville, IN 46176

Estimated Value: $173,000 - $263,926

6 Beds
4 Baths
3,100 Sq Ft
$69/Sq Ft Est. Value

Last Sold July 28, 2020

Last sale price $94,500 $30 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $1,350/month

252 Days on Market

About This Home

As of July 2020

4 Unit Income Producing Rental in Shelbyville. Walking distance to Knauf Insulation and downtown Shelbyville. 2 Units are rent-ready with new carpets, painting, appliances, heating units. 2 front units in need of rehab. Roof has been recently updated and re-enforced. Property to be sold As-Is only. Unit 1 & 2 (Front) are units that need rehabbed. Unit 3 is rented at $600/month (2BR, 1BA). Unit 4 is vacant, rented at $500/month. Owner pays for water and sewage. Tenant pays for electric.

Last Agent to Sell the Property

Richard Williams

Williams Property Group LLC License #RB14046521 Listed on: 09/20/2019

Williams Property Group LLC

Co-Listed By

Annie Scott

F.C. Tucker Company License #RB15000739

Last Buyer's Agent

Annette Nasby

Runnebohm Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,256

Year Built

  • Built in 1900

Lot Details

  • 5,401

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Community Details

  • J Walker Mech Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for insurance, taxes, sewer, water
  • Assessor Parcel Number SHE0411500610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,256

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1900
  • Co List Office Phone: 317-891-0100
  • Structure Type: Quadruplex
  • Subdivision Name: J WALKER MECH
  • Inspection Warranties: General
  • Property Description: 4 Unit Income Producing Rental in Shelbyville. Walking distance to Knauf Insulation and downtown Shelbyville. 2 Units are rent-ready with new carpets, painting, appliances, heating units. 2 front units in need of rehab. Roof has been recently updated and re-enforced. Property to be sold As-Is only. Unit 1 & 2 (Front) are units that need rehabbed. Unit 3 is rented at $600/month (2BR, 1BA). Unit 4 is vacant, rented at $500/month. Owner pays for water and sewage. Tenant pays for electric.
  • Transaction Type: Sale
  • Unit Count: 4
  • Conversion: 1
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Insurance, Insurance, Taxes, Sewer, Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections Some

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 120000

Garage/Parking

  • Unit Parking: On Street,Parking Garage,Parking Lot

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 1320

Lot Info

  • Parcel Number: SHE0411500610
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Storm Sewer
  • Lot Number: 22
  • Lot Size: 66X82

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2256
  • Semi Annual Property Tax Amt: 1128
  • Tax Exemption: None

MLS Schools

  • School District: Shelbyville Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2024
Sold by
Sexton Matthew
Bought by
Midwest Property Investments Inc
Current Estimated Value
$214,482

Purchase Details

Listed on
Sep 20, 2019
Closed on
Aug 6, 2020
Sold by
Comer Neil R and Comer Marilyn R
Bought by
Sexton Matthew
Seller's Agent
Richard Williams
Williams Property Group LLC
Buyer's Agent
Annette Nasby
Runnebohm Realty, LLC
List Price
$120,000
Sold Price
$94,500
Premium/Discount to List
-$25,500
-21.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.14%
Original Mortgage
$70,875
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2008
Sold by
Comer Julie
Bought by
Comer Neil R and Comer Marilyn R

Purchase Details

Closed on
Sep 13, 2007
Sold by
Ball Jack and Ball Sue
Bought by
Comer Jule

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
8.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Midwest Property Investments Inc $150,000 None Listed On Document
Sexton Matthew -- Title Solutions Plus Corp
Comer Neil R -- --
Comer Jule -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sexton Matthew $96,600
Previous Owner Sexton Matthew $70,875
Previous Owner Comer Jule $78,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2020 07/28/20 Sold $94,500 -21.3% $30 / Sq Ft
05/30/2020 05/30/20 Pending -- -- --
09/20/2019 09/20/19 For Sale $120,000 -- $39 / 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 $2,166 $108,300 $4,900 $103,400
2023 $2,636 $108,300 $5,100 $103,200
2022 $2,240 $94,700 $4,500 $90,200
2021 $1,894 $94,700 $4,900 $89,800
2020 $2,400 $120,000 $6,500 $113,500
2019 $1,928 $96,400 $6,300 $90,100
2018 $2,256 $112,800 $8,300 $104,500
2017 $2,618 $130,900 $8,300 $122,600
2016 $2,618 $130,900 $8,300 $122,600
2014 $2,592 $129,600 $8,300 $121,300
2013 $2,592 $129,900 $8,300 $121,600
Source: Public Records

Agents Affiliated with this Home

  • Richard Williams

    Seller's Agent in 2020

    Richard Williams

    Williams Property Group LLC

    (317) 509-7867

    2 in this area

    33 Total Sales

    Richard Williams
    Section Image
  • Annie Scott

    Seller Co-Listing Agent in 2020

    Annie Scott

    F.C. Tucker Company

    (317) 798-0038

    48 Total Sales

    Annie Scott
    Section Image

  • A

    Buyer's Agent in 2020

    Annette Nasby

    Runnebohm Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21670445

MIBOR Broker Listing Cooperative®

APN: 73-07-32-300-162.000-002

Indiana Shelby County Shelbyville 46176

54 E Mechanic St, Shelbyville, IN

This home is located at 54 E Mechanic St, Shelbyville, IN 46176 since 20 September 2019 and is currently estimated at $214,482, approximately $69 per square foot. This property was built in 1900. 54 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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