502 Shaffer Rd, Bourbon, IN 46504
Property image
Property image
OFF MARKET

$156,200

Trulia Estimate
  • 1 Bed
  • 1 Bath
  • 576 sqft (on 1.46 acres)

502 Shaffer Rd, Bourbon, IN 46504

Est. Refi. Payment $1,029/mo*
Refinance Your Home

Home Value

Trulia Estimate
$156K
Since last month
Decreased$3K (-1.8%)
Since last year
Increased$17K (+12.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +123% in the last 10 years
MonthEstimated value
2026
September 2026$156K
August 2026$159K
July 2026$157K
June 2026$154K
May 2026$152K
April 2026$145K
March 2026$131K
February 2026$141K
January 2026$139K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
405 N Thayer St, Bourbon, IN
0.27
Single-Family Home
$129,000
09/10/26
3
1
1,056
505 Lincoln St, Bourbon, IN
0.20
Single-Family Home
$197,500
12/03/25
3
1
1,576
203 N Thompson St, Bourbon, IN
0.50
Single-Family Home
$99,900
12/01/25
2
1
853
108 W Sunset Dr, Bourbon, IN
0.42
Single-Family Home
$156,000
10/07/25
2
1
1,212
446 E Center St, Bourbon, IN
0.52
Single-Family Home
$255,000
06/30/26
3
1
1,403
1002 N Main St, Bourbon, IN
0.25
Single-Family Home
$149,500
01/15/26
3
2
1,236
506 Lincoln St, Bourbon, IN
0.19
Single-Family Home
$350,000
09/25/26
4
2
2,364
606 N Thayer St, Bourbon, IN
0.16
Single-Family Home
$292,000
03/11/26
4
2
1,758
404 E Center St, Bourbon, IN
0.49
Single-Family Home
$65,000
03/13/26
4
1
1,844
301 E Center St, Bourbon, IN
0.47
Single-Family Home
$185,000
04/24/26
3
1
1,164

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
502 E Shaffer Rd, Bourbon, IN 46504
0.01
$149,600
1
1
576
Off Market
508 E Shaffer Rd, Bourbon, IN 46504
0.04
$292,600
3
2
2,128
Off Market
501 Shaffer Rd, Bourbon, IN 46504
0.06
$297,000
4
2
2,889
For Sale
606 N Thayer St, Bourbon, IN 46504
0.16
$292,000
4
2
1,758
Recently Sold
602 N Thayer St, Bourbon, IN 46504
0.18
$201,900
2
1
1,050
Off Market
506 Lincoln St, Bourbon, IN 46504
0.19
$350,000
4
2
2,364
Recently Sold
406 E Jefferson St, Bourbon, IN 46504
0.19
$136,800
1
1
660
Off Market
505 Lincoln St, Bourbon, IN 46504
0.20
$197,500
3
1
1,576
Recently Sold
206 E Florence St, Bourbon, IN 46504
0.19
$164,700
2
1
936
Off Market
509 N Thayer St, Bourbon, IN 46504
0.21
$265,000
5
2
2,289
For Sale
1005 N Harris St, Bourbon, IN 46504
0.18
$209,700
4
2
1,300
Off Market
506 N Harris St, Bourbon, IN 46504
0.24
$190,000
4
2
1,716
Off Market

Local Information

  • Map ViewExplore the area around 502 Shaffer Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1965
1.46 acre lot
576 sqft
$271/sqft
Garage

About this House

What's unique:Close to schools
Have you heard the saying "good things come in small packages"? Don't let the square footage keep you from checking out this one bedroom, one bathroom home that is close to schools, has easy access to US 30, and features a gorgeous, black oak ceiling in the living room. This home is situated on almost one and a half acres and includes a concrete drive. Utility lines are conveniently located, so you could add onto the front or back of the house. Garage has three garage doors. Washer and dryer not included in sale. Please allow for 24 hours on showing requests to accommodate tenants.
502 Shaffer Rd, Bourbon, IN 46504 is a 1 bedroom, 1 bathroom, 576 sqft single-family home built in 1965. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $156,200, with a rent estimate of $996/month.

Home Details for 502 Shaffer Rd

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 4
Heating & Cooling
Air ConditioningCooling System: Central

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1965Year Updated: 1988
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 1.46 acres

Price and Tax history

DateEventPrice
Dec 22, 2021
Source: RE/MAX International
ListingRemoved
Dec 13, 2021
Source: RE/MAX International #202117460
Pending
$138,000
Nov 10, 2021
Source: RE/MAX International #202117460
PriceChange
$138,000
Price decreased by 14%
May 15, 2021
Source: RE/MAX International #202117460
Listed For Sale
$160,000

Market trends in Bourbon

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
6
1MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Bourbon

At least 10 Trulia users voted on each feature.

  • 100 % Say yards are well-kept

  • 94 % Say parking is easy

  • 92 % Say it's dog friendly

  • 92 % Say people would walk alone at night

  • 91 % Say car is needed

  • 88 % Say there are community events

  • 87 % Say it's walkable to restaurants

  • 86 % Say there's holiday spirit

  • 77 % Say there are sidewalks

  • 76 % Say kids play outside

  • 68 % Say neighbors are friendly

  • 57 % Say they plan to stay for at least 5 years

  • 50 % Say it's quiet

  • 44 % Say it's walkable to grocery stores

  • 36 % Say streets are well-lit

  • 31 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Kerrigan_smith
    "No public transit. Everything is in within walking distance. Roads are well paved. Not many holes. Walking distance for everything. "
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  • Tina S.
    "Most dogs are in enclosed areas or at least chained up. Some of my neighbors have dogs that are constantly barking, it can be a problem when walking your dog in the neighborhood. There is two or three parks here and one of them even has an adjacent dog park that is enclosed. I haven't heard of any dogs getting loose and biting anyone, seriously that is. "
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    Flag
  • Tina S.
    "I've lived in this neighborhood for about three years and the folks here are quiet but friendly. I would recommend this area to anyone looking for peace and quiet. "
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    Flag
  • Tina S.
    "we have several high school events, there is food truck Friday. there are several garage sales throughout the spring and summer. trick or treating on Halloween. there are churches that host parties in the park. the area here is safe and I feel like the entire neighborhood looks after everyone's kids and houses."
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    Flag
  • Tina S.
    "my neighborhood is convenient to local roads. the neighbors are nice and friendly. the school is close by and I am happy to be living in this area again. it is a quiet community with a friendly atmosphere. I love having a garden, a yard and ample room to spread out. walking through my neighborhood is safe and relaxing. "
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  • Saramcrooks
    "Small town but close enough to things you need. Everyone greets each other with a smile and hello. So many great people!"
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  • Just S.
    "If I would recommend it to anyone it would be family w/ kids. But would I recommend it in the end? NO WAY! They take small town gossip to the next level! Not to mention it isn't very pet friendly, but on the up side to that they do have a local vet. Which is an up side in general, they have a local dentist and family doctor. They do have a couple shops nearby (ex family dollar) but I would not recommend them. I wouldn't recommend the restaurants either for that matter,.... The only part I liked about living there is I didn't have to own a car. Everything was w/in walking distance, very much a plus for me."
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LGBTQ Local Legal Protections

Frequently asked questions about 502 Shaffer Rd

  • What is 502 Shaffer Rd estimated to be worth?
    Trulia's estimated value for 502 Shaffer Rd in Bourbon, IN is $156,200.
  • Is Bourbon a buyer's or seller's market?
    Bourbon is currently a balanced market, based on recent for-sale activity.
  • What do residents say about Bourbon?
    Residents describe Bourbon, IN as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See recently sold homes in Bourbon, IN.
  • What are the closest schools to 502 Shaffer Rd?
    The closest schools to 502 Shaffer Rd in Bourbon, IN are Triton Elementary School (Pre-K, rated 7/10), Triton Jr-Sr High School (Middle, rated 7/10).
  • Does 502 Shaffer Rd have air conditioning?
    Yes, 502 Shaffer Rd in Bourbon, IN has air conditioning.
  • How big is the lot at 502 Shaffer Rd?
    The lot at 502 Shaffer Rd in Bourbon, IN is about 1.5 acres.

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