401 W 3rd Street, Sheridan, IN 46069 · $199,900 · Sold

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Here's 401 W 3rd Street in Sheridan, IN 46069. This listing is closed, but I can still walk you through the details.

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Front exterior at 401 W 3rd Street, Sheridan, IN

Sold — 401 W 3rd Street, Sheridan, IN 460691 / 1

Quick read on the numbers:

$199,900$225,000

Sold

Beds

Baths

Sq ft

1,716

Built

1940

Acres

0.5

Key things to know

Sold 27% below list in 7 days

From the listing

Unique Real Estate Opportunity with Two Single-Family Dwellings on One Parcel! Welcome to a rare and versatile property offering two detached single-family homes on one parcel of land, presenting endless possibilities for homeowners and investors alike. The primary residence is a spacious 3-bedroom, 2-bath home filled with character and charm. Inside, you'll find beautiful original hardwood floors, generous living spaces, and the convenience of one bedroom located on the main level. Step outside to a large, private backyard, perfect for hosting gatherings, relaxing outdoors, or simply enjoying the surrounding natural beauty. Just steps away, the second detached dwelling offers incredible flexibility. This 1-bedroom, 1-bath home features an upper loft that can easily be used as an additional bedroom, home office, library, or entertainment space. Ideal as a guest house, in-law suite, or private retreat, it remains close enough for convenience while still offering independence. For investors, this property shines. With separate entrances and detached layouts, both homes can be utilized as income-producing units. Whether you're looking to rent both dwellings, explore short-te…

A few highlights from the feature list:

Interior

Walk-In Closet(s)Ceiling Vaulted

Exterior

Other

I'll break the details down — open any section that matters.

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$86,800

Land Value

$37,500

Land$37,500

43% of total

Improvement Value

$49,300

Improvements$49,300

57% of total

Annual tax · 2024: $1,098

This home has sold:

Sold

$165,000

-$60,000 below list (-26.7%)

Closed: Feb 20, 2026
Listed at: $225,000
Sold: 3 months ago
Sold in: 7 days

Price history

Sold$165,000
Feb 20, 2026
Price reduced$225,000 → $199,900
Feb 6, 2026
Listedat $225,000
Jan 31, 2026

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

Comparative value

5 comps in this range

This home is 50% below median for similar nearby sales.

$260K$2.1MMedian $329K

$165K

A few places to dig deeper:

Sheridan Community Schools

MLS# 22082217