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844 W Franklin St, Shelbyville, IN, 46176

3beds
1baths
2,492sqft
$114,900
$46price/sqft
$1,109/moest. monthly cost
$44,360/yrincome needed

About This Home

Wonderfully priced 3 bedroom property. Has been an investment property at $1200-1300/mo for last several years, currently vacant and awaiting its next owner! Would be a wonderful starter home for an investor or a home owner.

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

6/10
6/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Block
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: None,Gas Water Heater
  • Laundry features: Connections All

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom2

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Bedroom3

  • Level: Main
  • Area: 140
  • Dimensions: 10x14

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 182
  • Dimensions: 14x13

Features

  • Eat-in Kitchen
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,492
  • Total interior livable area: 2,492 sqft

Kitchen

  • Level: Main
  • Area: 200
  • Dimensions: 20x10

Laundry

  • Level: Main
  • Area: 45
  • Dimensions: 5x9

Living Room

  • Level: Main
  • Area: 210
  • Dimensions: 14x15

Master Bedroom

  • Level: Main
  • Area: 225
  • Dimensions: 15x15

Property

Details

  • Parcel number: 731106100130000002
  • Special condition: As Is
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered

Lot

  • Lot size: 6,098 sqft

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Tornado
Earthquake
Hail
Strong Wind
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $580$6,960
Home Insurance *$71$852
Property Taxes $230$2,760
Electricity $228$2,741
Total$1,109$13,308
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$38,022/yr
40% on housing$33,270/yr
45% on housing$29,573/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.2%
3.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$46This listing

vs Other Active Listings

Avg $/sqft

ZIP 46176$110
Shelby County$112

vs Homes Sold Last Month

Median $/sqft

ZIP 46176$120
Shelby County$117

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-27Listed for sale$114,900
2024-08-26Listing removed$119,900
2024-08-12Pending sale$119,900
2024-03-25Listed for sale$119,900
2023-08-03Listing removed--
2023-06-20Price change$125,000
2023-06-06Price change$130,000
2023-05-05Listed for sale$145,000
2022-09-03Listing removed--
2022-09-02Listed for sale$130,000
2022-07-23Listing removed--
2022-06-20Price change$130,000
2022-06-03Listed for sale$145,000
2021-09-13Sold$90,000
2021-07-20Pending sale$104,900
2021-05-01Price change$104,900
2021-04-17Listed for sale$110,000
2020-04-02Listing removed$995
2020-03-17Listed for rent$995
2020-02-21Listing removed$59,900
2020-02-17Listed for sale$59,900
2005-03-01Sold$35,000

For Sale by Agent

AgentJustin Polston
BrokerageMackenzie Allen, Polston & Ass

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