$192,000
SOLD DEC 30, 2025

101 E Terrell Ln Salem, IN 47167

4 Beds
2 Baths
2,080 Sq Ft
8.67 Acres

Recently Sold

$92 Per Sq Ft

11% Below List Price

31 Days on Market

About This Home

As of December 2025

This house is in need of some TLC, with that check out this home setting situated on 8 acres of land, completely enveloped by a serene wooded environment. Drive onto the expansive asphalt wrap-around road, where you will arrive at a charming two-story 1980's rustic home featuring a walk-out full basement. This residence offers the ultimate blend of privacy and tranquility in a picturesque country setting, all within an eight-minute drive from the Salem square. Enter the home through the inviting covered front porch, where you will discover a spacious living room. Directly adjacent to the living room lies a kitchen of equal proportions, complete with ample dining space, a central island for gathering, a traditional stove, and a large wood-burning cooking stove. The kitchen boasts two separate outside exits, one of which leads to a deck perfect for barbecuing. The second floor features the main bedroom, complete with two generously sized closets and a second, smaller bedroom. The basement offers two additional bedrooms, a canning room, washer and dryer hook-up, some open space, and a convenient walk-out access to the backyard. The property also features two Miller barns, one situated to the side of the home and the other located in the rear. Schedule your showing today.

Last Agent to Sell the Property

Mike Ashby

License #RB22000417 Listed on: 11/04/2025

Last Buyer's Agent

OUTSIDE AGENT

OUTSIDE COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,738

Year Built

  • Built in 1987

Lot Details

  • 8.67 Acre Lot

Interior Spaces

  • 2,080 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Wood Burning Stove
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Wood
  • Electric Water Heater
  • On Site Septic

Listing and Financial Details

  • Assessor Parcel Number 0136150132

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,738

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Annual Tax: 3738
  • Appointment: Mandatory
  • Construction: Existing
  • Legal Description: PT SE 32-2-4 8.666 AC.
  • Numof Fireplaces: 1
  • Parcel Number: 0136150132
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total Finished Square Footage: 2080
  • Type: 2 Story
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Full
  • Above Grade Finished Sq Ft: 1280.00
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Fireplace: Wood Stove
  • Lot Sq Ft: 377490.96
  • Sewer Type: Septic Onsite
  • Total Sq Ft: 2080

Utilities

  • Cooling Type: Window A/C Unit(s)
  • Fuel Type: Wood
  • Water Type: Public Onsite

Lot Info

  • Acres: 8.6660
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2025
Closed on
Dec 30, 2025
Sold by
Rice Colleen A
Bought by
Gray Joshua
Seller's Agent
Mike Ashby
Buyer's Agent
OUTSIDE AGENT
OUTSIDE COMPANY
List Price
$214,900
Sold Price
$192,000
Premium/Discount to List
-$22,900
-10.66%
Views
54

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
353.47%
Original Mortgage
$224,454
Outstanding Balance
$224,454
Interest Rate
6.26%
Mortgage Type
FHA
Estimated Equity
-$7,771
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $224,454 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2025 12/30/25 Sold $192,000 -10.7% $92 / Sq Ft
12/05/2025 12/05/25 Pending -- -- --
11/04/2025 11/04/25 For Sale $214,900 -- $103 / Sq Ft
Source: Southern Indiana REALTORS® Association

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,457 $125,200 $30,300 $94,900
2023 $2,331 $116,500 $28,600 $87,900
2022 $965 $115,700 $26,800 $88,900
2021 $897 $103,100 $25,800 $77,300
2020 $747 $95,800 $25,800 $70,000
2019 $617 $92,200 $27,100 $65,100
2018 $542 $85,700 $27,300 $58,400
2017 $511 $88,400 $28,400 $60,000
2016 $459 $88,200 $28,900 $59,300
2014 $435 $89,100 $29,300 $59,800
2013 $336 $81,400 $25,300 $56,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2025012376

Southern Indiana REALTORS® Association

APN: 88-24-32-000-015.013-021