Here's 506 S California Street in Sheridan, IN 46069, listed at $75,000.

1 photo from the listing — tap any to expand.

Backyard at 506 S California Street, Sheridan, IN

For Sale — 506 S California Street, Sheridan, IN 460691 / 1

Quick read on the numbers:

$75,000$50,000

For Sale4 days on market

Beds

Baths

Sq ft

1,008

Built

1900

Acres

0.16

Here's what I think this home is worth:

Key things to know

Thistlewaite Park subdivision

From the listing

Fantastic fixer-upper in the increasingly popular town of Sheridan! This is a project you don't want to miss. Two bedrooms and one bath, the floorplan could be reconfigured. This home has alley access or street parking for your convince. There is a small covered porch. This home has high ceilings, an archway and possibly original windows, one of which has some stained glass.

A few highlights from the feature list:

Interior

Attic AccessHigh CeilingsWood Work Painted

Exterior

Storage Shed

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

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$112,200

Land Value

$39,000

Land$39,000

35% of total

Improvement Value

$73,200

Improvements$73,200

65% of total

Annual tax · 2025: $448
Exemption: Homestead

Rough monthly:

Monthly payment

Estimate · $75,000

$437/mo

≈ $399 principal & interest · $37 tax

Down payment (%)Interest rate (%)Term (yrs)

Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $15,000 on a loan of $60,000.

Price history

Listedat $50,000
Jun 12, 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 63% below median for similar nearby sales.

$193K$250KMedian $205K

$75K

A few places to dig deeper:

Thistlewaite Park Sheridan Community Schools

MLS# 22107958