$204,000
SOLD OCT 4, 2016

1040 W Water Tower Rd Salem, IN 47167

4 Beds
2.5 Baths
3,286 Sq Ft
2.5 Acres

Recently Sold

$62 Per Sq Ft

7% Below List Price

32 Days on Market

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%
Total Days on Market
32
Current Estimated Value
$330,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,134
Avg. Annual Appreciation
5.70%

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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $204,000 --
Warranty Deed -- Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $173,850 New Conventional
Previous Owner $130,000 New Conventional
Previous Owner $19,000 Future Advance Clause Open End Mortgage
Previous Owner $145,000 New Conventional
Previous Owner $133,000 New Conventional
Previous Owner $20,000 Credit Line Revolving
Previous Owner $132,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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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