806 Shelby St Indianapolis, IN 46203
Fountain Square NeighborhoodEstimated payment $4,720/month
Total Views
3,312
4
Beds
4.5
Baths
3,123
Sq Ft
$237
Price per Sq Ft
Highlights
- Downtown View
- Wood Flooring
- Balcony
- Contemporary Architecture
- No HOA
- 3-minute walk to Hot Shot Tot Lot
About This Home
**Seller willing to offer a credit towards interest rate buydown** This beautiful 4 bed 4.5 bath modern home, just blocks from the heart of Fountain Square, has so many unique opportunities that you have to take a look! Designed for entertainers and entrepreneurs alike, this home situated on one of three lots is zoned both residential (D5) and commercial (C5). You can call Shelby St home and walk to all the amazing nearby restaurants and nightlife, use it as a commercial property for your office or business, or buy it as an investment property on Airbnb to benefit from all of the amazing events happening all over Indy metro. The custom three story modern design maximizes your spaces and gives you options to optimize space and value. The 3rd floor features two balconies, one overlooking the downtown skyline and the other overlooking historic Fountain Square, providing views unmatched by any other property in the area. This chef's dream kitchen boasts modern white cabinets, granite countertops with waterfall edges, and warm wood tones with a center island that extends into a built-in wood table and vent hood. The finished basement with a bedroom and full bath gives yet another space and flexibility to take advantage of the opportunities. The yard is an awesome entertaining space that many in the area don't have with a newer composite deck and firepit area. The current owner lives in the home fulltime and stays in the basement with its own entry while renting the house on Airbnb. The gravel lot on the south corner is also zoned residential and commercial, so use it for your own personal parking, charge for parking in evenings or busy times, or start your new pop-up business on the corner! Ask for more information on Airbnb numbers and other details! It's a 1 of 1 you have to see!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,502
Year Built
- Built in 2019
Lot Details
- 1,437 Sq Ft Lot
- Additional Parcels
Parking
- 1 Car Garage
- Garage Door Opener
Home Design
- Contemporary Architecture
- Block Foundation
- Aluminum Siding
- Cement Siding
Interior Spaces
- 3-Story Property
- Wet Bar
- Living Room with Fireplace
- Combination Kitchen and Dining Room
- Storage
- Wood Flooring
- Downtown Views
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Gas Oven
- Range Hood
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- 9 Foot Basement Ceiling Height
- Laundry in Basement
Outdoor Features
- Balcony
- Fire Pit
Schools
- William Mckinley School 39 Elementary School
- Hw Longfellow Med/Stem Magnet Midl Middle School
- Arsenal Technical High School
Utilities
- Central Air
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 491112199002000101
Map
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Home Values in the Area
Average Home Value in this Area
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 | $8,488 | $617,400 | $29,800 | $587,600 |
| 2023 | $8,488 | $698,500 | $29,800 | $668,700 |
| 2022 | $8,396 | $683,400 | $29,800 | $653,600 |
| 2021 | $6,716 | $564,700 | $31,200 | $533,500 |
| 2020 | $5,594 | $469,200 | $31,200 | $438,000 |
| 2019 | $5,284 | $436,600 | $3,200 | $433,400 |
| 2018 | $71 | $3,000 | $3,000 | $0 |
| 2017 | $64 | $3,000 | $3,000 | $0 |
| 2016 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Price Changed | $740,000 | -0.7% | $237 / Sq Ft |
| 07/11/2025 07/11/25 | Price Changed | $745,000 | -0.7% | $239 / Sq Ft |
| 06/20/2025 06/20/25 | For Sale | $750,000 | +31.8% | $240 / Sq Ft |
| 05/03/2019 05/03/19 | Sold | $569,000 | +1.8% | $182 / Sq Ft |
| 04/03/2019 04/03/19 | Pending | -- | -- | -- |
| 03/15/2019 03/15/19 | Price Changed | $559,000 | -1.8% | $179 / Sq Ft |
| 02/22/2019 02/22/19 | For Sale | $569,000 | -- | $182 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $13,612 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $86,300 | New Conventional | |
| Closed | $57,800 | New Conventional | |
| Open | $456,000 | New Conventional | |
| Closed | $455,200 | New Conventional |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22045287
APN: 49-11-12-199-002.000-101
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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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