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For sale
  • $390,000

    575 Catalpa Ln, Shelbyville, KY 40065

    3beds
    2,748sqft
    : 
    $2,597/mo
    Get pre-qualified
    Single Family Residence
    Built in 1960
    1.48 Acres Lot
    $372,200 Zestimate®
    $142/sqft
    $-- HOA

    What's special

    Brick ranchMature shade treesGas rangeSolid framingReal hardwoodDouble wall ovens
    575 Catalpa Lane sits on 1.48 acres just off I-64 at Exit 34 — close enough to be in Shelbyville in a few minutes, far enough back that the yard actually feels like yours. This brick ranch was built in 1962, back when homes came with solid framing, real hardwood, and rooms meant to be used. Hardwood runs through most of the main level. The living room is anchored by a brick fireplace and a wide picture window that pulls in morning light and looks out over the front lawn. The dining area sits right off it, with room for a full table when everyone's over for the holidays. The kitchen has cherry cabinets with glass-front uppers, a peninsula with room for barstools, a gas range, double wall ovens, and a window over the sink looking out back. A second living area with a stone fireplace and built-in shelving gives everyone somewhere to spread out. Off the back of the house, the sunroom has brick walls, windows on three sides, and a tile floor — the kind of room that ends up getting used every single day. Three bedrooms and two full baths are all on the main level. The walkout basement nearly doubles the living space. You get a large rec room with a fireplace and built-in shelving, a second kitchen, and additional finished rooms that would work as an office, hobby space, or a setup for extended family. There's still plenty of unfinished area left over for storage and a workshop. Then there's the bunker. Off the main basement sits a second underground level with concrete walls — a true fallout shelter. Whether you want a storm shelter, a prepper cave, a wine cellar, or the best speakeasy in Shelby County, it's already built. You don't run across a space like this twice. Outside is where this place separates itself. Two detached garages — a two-car plus a large metal shop building with an open span and room for equipment or projects. Mature shade trees, a brick patio off the back, and open lawn on every side. Keep the long game in mind, too. Sitting right at the Exit 34 interchange with growth continuing to push east, this property carries real potential for commercial use as the area develops. Buyer to verify permitted uses with Shelby County Planning & Zoning. Come walk it. The lot, the outbuildings, and that bunker don't come across in pictures.
    5 hours
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    402
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    28
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    Zillow last checked:

    Listing updated:

    Listed by:

    Zachary Tipton 502-633-0220,

    Torrey Smith Realty Co., LLC

    Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1727109MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      Bedroom
      • Level: First
      Bedroom
      • Level: First
      Primary bathroom
      • Level: First
      Full bathroom
      • Level: First
      Family room
      • Level: First
      Family room
      • Level: Basement
      Kitchen
      • Description: Eat in Kitchen
      • Level: First
      Living room
      • Level: First
      Other
      • Level: Basement
      Sun room
      • Level: First
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Features
      • Basement: Partially Finished
      • Number of fireplaces: 3
      Interior area
      • Total structure area: 1,374
      • Total interior livable area: 2,748 sqft
      • Finished area above ground: 1,374
      • Finished area below ground: 1,374

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached, See Remarks, Driveway
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Stories: 1
      • Patio & porch: Patio, Porch
      • Fencing: None
      Lot
      • Size: 1.48 Acres
      • Features: Cleared
      Details
      • Additional structures: Outbuilding
      • Parcel number: 05200034

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Foundation: Concrete Perimeter
      • Roof: Shingle
      Condition
      • Year built: 1960

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Shelbyville

      Financial & listing details

      • Price per square foot: $142/sqft
      • Tax assessed value: $230,000
      • Annual tax amount: $2,632
      • Date on market: 8/23/2026
      • Electric utility on property: Yes

        Estimated market value

        $372,200

        $354,000 - $391,000

        $1,562/mo

        Price history

        DateEventPrice
        8/23/2026Listed for sale$390,000+69.6%$142/sqft
        Source: Metro Search Inc. LLC DBA Apex MLS #1727109 Report a problem
        9/16/2016Sold$230,000+1050%$84/sqft
        Source: Imagine MLS #1526339 Report a problem
        6/15/2015Sold$20,000$7/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,632 -1%$230,000
        2024$2,657 -1.4%$230,000
        2023$2,694 -0.4%$230,000
        2022$2,706 -2.5%$230,000
        2021$2,775 -0.3%$230,000
        2020$2,782 $230,000
        2019$2,782 +1.6%$230,000
        2018$2,739 $230,000
        2017$2,739 +111%$230,000 +43.8%
        2016$1,298 $160,000 +43.8%
        2015$1,298 $111,300
        2014$1,298 $111,300
        2013$1,298 $111,300
        2012-- $111,300
        2011-- $111,300
        2010-- $111,300
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 40065

        Getting around

        16 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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