NOT LISTED FOR SALE

1040 W Water Tower Rd Salem, IN 47167

Estimated Value: $319,000 - $364,640

4 Beds
2.5 Baths
3,286 Sq Ft
$106/Sq Ft Est. Value

Last Sold October 04, 2016

Last sale price $204,000 $62 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,084/month

Highlights

  • Deck
  • Hydromassage or Jetted Bathtub
  • Formal Dining Room
  • Wooded Lot
  • First Floor Utility Room
  • 5 Car Garage

About This Home

As of October 2016

Beautiful 4 Br. 2 BA brick country home with 2.5 Ac. in a wooded park like setting and a full finished walk out basement. Home features a gas log fireplace, new pergo flooring, tile floors, updated windows and wrap around deck for entertaining. Nice 2.5 attached garage has large storage closet. Master suite has a walk in closet and a newly remodeled master bath with tiled shower and jet tub. Basement has a large family room and lots of additional storage and walks out to a patio. Also, there is a 3 car heated detached garage with 4 overhead doors, 100 amp service, bathroom and water access. Recently sealed black top driveway. Additional 12 x 16 garage with electric and concrete floor. Kids play yard and trampoline stays with the home. This move in ready home is in a great location just 2.5 miles from Salem and just off hwy. 135.

Last Agent to Sell the Property

Debbie Curtis

Mainstreet REALTORS License #RB14032127 Listed on: 07/13/2016

Last Buyer's Agent

Mandy Chastain

Mainstreet REALTORS License #RB14048897

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,440

Year Built

  • Built in 1979

Lot Details

  • 2.5 Acre Lot
  • Wooded Lot
  • Garden

Parking

  • 5 Car Garage
  • Front Facing Garage
  • Rear-Facing Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 3,286 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Thermal Windows
  • Blinds
  • Formal Dining Room
  • First Floor Utility Room
  • Utility Room

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Hydromassage or Jetted Bathtub

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Electric Water Heater
  • On Site Septic

Listing and Financial Details

  • Assessor Parcel Number 882406000002000021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,440

Year Built

Built in 1979

Lot Details

0

Parking

5

Listing Details

  • Improvements: 158200
  • Annual Tax: 1440
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Deduction Type: Homestead Standard, Mortgage, Supplemental Homestd
  • Foundation: Poured Concrete
  • Land Assessment: 26000
  • Legal Description: PT NE 6-2-4 2.5 AC
  • Numof Fireplaces: 1
  • Out Buildings: Garage, Shed
  • Parcel Number: 882406000002000021
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 184200
  • Total Finished Square Footage: 3286
  • Type: 1 Story
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Finished, Full, Walkout
  • Above Grade Finished Sq Ft: 1643.00
  • Appliances: Dishwasher, Garage Door Opener, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Fireplace: Gas Burning
  • Interior Amenities: 1st Floor Master, 1st Floor Utility, Bath Master, Blinds, Ceiling Fan(s), Formal Dining Rm, Jetted Tub, Utility/Mud Room
  • Lot Measurement: Acres
  • Lot Sq Ft: 108900.00
  • Room Count: 8
  • Sewer Type: Septic Onsite
  • Total Sq Ft: 3286
  • Total Rooms: 8

Exterior Features

  • Exterior Features: Deck, Patio, Solid Surface Drive, Thermopane Windows

Garage/Parking

  • Garage Type: Attached, Detached, Front Entry, Rear Entry, Side Entry
  • Garage Spaces: 5
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Lp Gas, Nat Gas
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Schools

  • School District: Salem Comm.

Lot Info

  • Acres: 2.5000
  • Lot Description: Garden Area, Wooded Lot
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2016
Closed on
Oct 4, 2016
Sold by
Morris Benjamin J
Bought by
Briscoe Daniel and Briscoe Michelle
Seller's Agent
Debbie Curtis
Mainstreet REALTORS
Buyer's Agent
Mandy Chastain
Mainstreet REALTORS
List Price
$219,900
Sold Price
$204,000
Premium/Discount to List
-$15,900
-7.23%
Current Estimated Value
$348,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,410
Avg. Annual Appreciation
6.12%

Purchase Details

Listed on
Aug 4, 2014
Closed on
Jan 8, 2015
Sold by
White Timothy R and White Sandra D
Bought by
Morris Benjamin and Morris Jennifer
Seller's Agent
Mary Finkle
Mainstreet REALTORS
Buyer's Agent
Debbie Curtis
Mainstreet REALTORS
List Price
$189,900
Sold Price
$183,000
Premium/Discount to List
-$6,900
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$173,850
Interest Rate
3.94%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Briscoe Daniel $204,000 --
Morris Benjamin -- Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morris Benjamin $173,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2016 10/04/16 Sold $204,000 -7.2% $62 / Sq Ft
08/14/2016 08/14/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $219,900 +20.2% $67 / Sq Ft
01/08/2015 01/08/15 Sold $183,000 -3.6% $56 / Sq Ft View Prior Sale
12/15/2014 12/15/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $189,900 -- $58 / Sq Ft
Source: Southern Indiana REALTORS® Association

Tax History Compared to Growth

Source: Public Records

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 $2,753 $269,500 $26,000 $243,500
2023 $2,753 $253,900 $26,000 $227,900
2022 $2,716 $245,600 $26,000 $219,600
2021 $2,482 $217,800 $26,000 $191,800
2020 $2,296 $202,300 $26,000 $176,300
2019 $2,162 $196,000 $26,000 $170,000
2018 $2,017 $180,900 $26,000 $154,900
2017 $1,739 $181,700 $26,000 $155,700
2016 $1,516 $180,200 $26,000 $154,200
2014 $1,403 $184,200 $26,000 $158,200
2013 $1,369 $179,000 $26,000 $153,000
Source: Public Records

Agents Affiliated with this Home

  • Debbie Curtis

    Seller's Agent in 2016

    Debbie Curtis

    Mainstreet REALTORS

    (812) 620-2443

    140 Total Sales

    Debbie Curtis
    Section Image

  • M

    Buyer's Agent in 2016

    Mandy Chastain

    Mainstreet REALTORS

    Section Image
  • Mary Finkle

    Seller's Agent in 2015

    Mary Finkle

    Mainstreet REALTORS

    (812) 883-9555

    456 Total Sales

    Mary Finkle
    Section Image
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 201604590

Southern Indiana REALTORS® Association

APN: 88-24-06-000-002.000-021

Indiana Washington County Salem 47167

1040 W Water Tower Rd, Salem, IN

This home is located at 1040 W Water Tower Rd, Salem, IN 47167 since 13 July 2016 and is currently estimated at $348,410, approximately $106 per square foot. This property was built in 1979. 1040 W Water Tower Rd is a home located in Washington County with nearby schools including Bradie M. Shrum Lower Elementary School, Salem Middle School, and Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southern Indiana REALTORS® Association IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.

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