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424 Lockerbie Rd, Shelbyville, IN, 46176

5beds
3baths
2,864sqft
$324,900
$113price/sqft
$2,369/moest. monthly cost
$94,760/yrincome needed

About This Home

This immaculate 5-bedroom home offers the potential for a 6th bedroom and features over 2,800 square feet of beautifully maintained living space. Located in the desirable Riley Village neighborhood, you'll love being just minutes from schools, shopping, and parks-all while enjoying the peace and privacy of a beautiful backyard. Best of all, there's no HOA! Highlights include: * 5 bedrooms with potential for a 6th * Over 2,800 sq. ft. * Immaculate condition * Attached garage * Beautiful, private backyard * Peaceful neighborhood setting * No HOA If you've been searching for a spacious home that combines comfort, convenience, and room to grow, this could be the perfect fit. Recent Updates & Improvements New Roof: 10/2023 AC Compressor: 9/2025 Furnace: 1/2023 2 New Sump Pumps: 4/2026 New Patio Door: 4/2026 Exterior Painted: 5/2026

Getting Around

23
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

6/10
6/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1955

Materials

  • Foundation: Block
  • Construction materials: Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Cooktop,Refrigerator
  • Laundry features: Laundry Room

Bedroom2

  • Level: Main
  • Area: 140
  • Dimensions: 14x10

Bedroom3

  • Level: Main
  • Area: 154
  • Dimensions: 14x11

Bedroom4

  • Level: Upper
  • Area: 80
  • Dimensions: 10x8

Bedroom5

  • Level: Upper
  • Area: 154
  • Dimensions: 14x11

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Dining Room

  • Level: Main
  • Area: 144
  • Dimensions: 12x12

Features

  • Attic Access,Attic Pull Down Stairs,Hardwood Floors,High Speed Internet,Pantry
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Gas Log
  • Fireplace: Yes
  • Attic: Access Only,Pull Down Stairs

Heating & Cooling

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

Interior Area

  • Total structure area: 2,864
  • Total interior livable area: 2,864 sqft

Kitchen

  • Level: Main
  • Area: 170
  • Dimensions: 17x10

Living Room

  • Level: Main
  • Area: 300
  • Dimensions: 20x15

Master Bedroom

  • Level: Upper
  • Area: 375
  • Dimensions: 25x15

Office

  • Level: Main
  • Area: 154
  • Dimensions: 14x11

Sun Room

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

Property

Details

  • Parcel number: 731108200079000002
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Patio

Lot

  • Lot size: 0.40 Acres
  • Features: Rural - Subdivision,Mature Trees

Parking

  • Total spaces: 2
  • Parking features: Attached
  • 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

  • Tornado
    TornadoVery High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Tornado
Strong Wind
Winter Weather
Cold Wave
Earthquake
Hail
Inland Flooding
Ice Storm
Lightning

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 $1,642$19,704
Home Insurance *$200$2,400
Property Taxes $265$3,180
Electricity $262$3,150
Total$2,369$28,428
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$81,222/yr
40% on housing$71,070/yr
45% on housing$63,173/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

$113This listing

vs Other Active Listings

Avg $/sqft

ZIP 46176$109
Shelby County$111

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
2026-07-31Listed for sale$324,900

For Sale by Agent

AgentMichelle Collings
BrokerageRE/MAX Realty Group

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