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179 W Franklin St, Shelbyville, IN, 46176

4beds
3baths
2,400sqft
$380,000
$158price/sqft
$2,587/moest. monthly cost
$103,480/yrincome needed

About This Home

Prime Downtown Living Opportunity - 179 W Franklin St, Shelbyville Discover an exceptional opportunity to build the home of your dreams with Rubicon in the heart of downtown Shelbyville. Perfectly situated to enjoy all the vibrant amenities, dining, shopping, and community events the area has to offer, 179 W Franklin St provides an unparalleled blend of convenience and customization. This premier homesite allows you to select your preferred floor plan, building materials, and interior finishes-ensuring your residence reflects your personal style and vision. All homes within this enclave must meet the distinguished Hamilton Major Architectural Standards, which guide design and quality. These selections will influence the final cost and ensure a cohesive, high-end community aesthetic. Each home must include: * A minimum of 2,400 square feet with a max of 1200 on ground level * A private garage * Architectural elements consistent with Hamilton Major guidelines Opportunities like this-where you can create a customized home in such a desirable, walkable location-are truly rare. Don't miss your chance to craft a distinctive, tailored residence in one of Shelbyville's most sought-after areas. Build your dream home at 179 W Franklin St-where convenience, quality, and customization come together.

Getting Around

72
WalkingVery Walkable
0
TransitVery Limited Transit
58
BikeBikeable

Schools

6/10
6/10

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2626

Materials

  • Foundation: Other
  • Construction materials: Other

Other

  • Builder name: Rubicon

Type & Style

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

Interior

Appliances

  • Appliances included: None

Bedroom2

  • Features: Other
  • Level: Upper
  • Dimensions: TBD

Bedroom3

  • Features: Other
  • Level: Upper
  • Dimensions: TBD

Bedroom4

  • Features: Other
  • Level: Upper
  • Dimensions: TBD

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Features: Other
  • Level: Main
  • Dimensions: TBD

Features

  • Attic Access
  • Attic: Access Only

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,400
  • Total interior livable area: 2,400 sqft

Kitchen

  • Features: Other
  • Level: Main
  • Dimensions: TBD

Living Room

  • Features: Other
  • Level: Main
  • Dimensions: TBD

Master Bedroom

  • Features: Other
  • Level: Upper
  • Dimensions: TBD

Sitting Room

  • Features: Other
  • Level: Main
  • Dimensions: TBD

Property

Details

  • Parcel number: 731106200627000002
  • Horse amenities: None

Features

  • Levels: Three Or More
  • Exterior features: Other
  • On waterfront: Yes

Lot

  • Lot size: 6,534 sqft
  • Features: City Lot,Curbs

Parking

  • Total spaces: 2
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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 $1,921$23,052
Home Insurance *$234$2,808
Property Taxes $212$2,544
Electricity $220$2,640
Total$2,587$31,044
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,697/yr
40% on housing$77,610/yr
45% on housing$68,986/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

$158This listing

vs Other Active Listings

Avg $/sqft

ZIP 46176$108
Shelby County$110

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)

Price History

DateEventPrice
2025-11-21Listed for sale$380,000

New Construction

AgentMichelle Nolley
BrokerageNolley Realty Services, LLC

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