$183,000
SOLD JAN 8, 2015

1040 W Water Tower Rd Salem, IN 47167

4 Beds
2 Baths
3,286 Sq Ft
2.5 Acres

Recently Sold

$56 Per Sq Ft

4% Below List Price

133 Days on Market

Highlights

  • Scenic Views
  • Deck
  • Pole Barn
  • Open Floorplan
  • Wooded Lot
  • Hydromassage or Jetted Bathtub

About This Home

As of October 2016

One of a kind location just outside of Salem! Move-in ready and recently updated, this 4Bdr/2Bath home will not last long!!Beautiful scenery with a large, recently stained deck, is perfect for all of your outdoor needs. With 2.5 acres, a 30'x40' heated pole barn, and a 12'x16' storage shed: this home has it all! Call for your appointment today!!!

Last Agent to Sell the Property

Mary Finkle

Mainstreet REALTORS License #RB14026176 Listed on: 08/04/2014

Last Buyer's Agent

Debbie Curtis

Mainstreet REALTORS License #RB14032127

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,369

Year Built

  • Built in 1979

Lot Details

  • 2.5 Acre Lot
  • Landscaped
  • Wooded Lot

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Scenic Vista
  • Park or Greenbelt

Home Design

  • Brick Foundation
  • Frame Construction

Interior Spaces

  • 3,286 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Blinds
  • Family Room
  • Formal Dining Room
  • Den
  • Storage

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Finished Basement

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

Outdoor Features

  • Deck
  • Pole Barn
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available
  • Electric Water Heater
  • On Site Septic
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 882406000002000021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,369

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Improvements: 158200
  • Annual Tax: 1369
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Deduction Type: Homestead Standard, Mortgage, Supplemental Homestd
  • Foundation: Brick (Solid)
  • Land Assessment: 26000
  • Legal Description: PT NE 6-2-4 2.5 Acres
  • Numof Fireplaces: 1
  • Out Buildings: Adds, Garage, Pole Barn, 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, Outside Entrance, Walkout
  • Above Grade Finished Sq Ft: 1643.00
  • Appliances: Dishwasher, Garage Door Opener, Range / Oven, Refrigerator, Satellite
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Fireplace: Gas Burning
  • Interior Amenities: 1st Floor Master, Added Storage, Bath Master, Blinds, Breakfast Bar, Ceiling Fan(s), Den/Office, Family Room, Formal Dining Rm, Jetted Tub, Kitchen Island, Open Floor Plan, Skylights
  • Lot Measurement: Acres
  • Lot Sq Ft: 108900.00
  • Room Count: 11
  • Sewer Type: Septic Onsite
  • Total Sq Ft: 3286
  • Total Rooms: 9

Exterior Features

  • Exterior Features: Deck, Landscaped, Paved Driveway

Garage/Parking

  • Garage Type: Attached, Detached
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

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

Schools

  • School District: Salem Comm.

Lot Info

  • Acres: 2.5000
  • Lot Description: Park-Like View, Scenic View, 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
133
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

Similar Homes in Salem, IN

  • 612 Michael St, Salem, IN 47167

    $198,000

    • 3 Beds
    • 2 Baths
    • 1,415 Sq Ft
    • 612 Michael St
    • Salem, IN

    DON'T MISS OUT! 3 Bed 2 Bath with 2 car garage!! 2 Living room areas!! Nestled in beautiful Salem Indiana, in close proximity to the school and all the local eateries and shopping!! Wonderful quiet neighborhood on a loop with little traffic, perfect for a summer stroll in the neighborhood!! Homes like this move fast in today's market. This stunning home boasts a GORGEOUS kitchen Recent updates

    Samantha Hernandez Green Tree Real Estate Services

    Section Image
  • 608 Michael St, Salem, IN 47167

    $209,900

    • 3 Beds
    • 2 Baths
    • 1,428 Sq Ft
    • 608 Michael St
    • Salem, IN

    WHAT A GREAT HOME...3 BR 2 BA Bedford stone ranch offers an oversized living room that opens up to combined dining and kitchen with beautiful wood cabinetry. NEW luxury vinyl plank and fresh paint throughout, NEW HVAC, walk-in soaker tub, updated thermopane windows and attached 1-car garage with a lovely patio to enjoy the large yard with storage shed conveniently located closed to amenities in

    Linda Ward Temple eXp Realty, LLC

    Section Image
  • 606 Jay St, Salem, IN 47167

    $194,900

    • 2 Beds
    • 2 Baths
    • 1,308 Sq Ft
    • 606 Jay St
    • Salem, IN

    Welcome to 606 Jay Street! This lovely brick home is nestled in quiet McCol Place in historic Salem, IN. Beautiful, brick home offers 2 spacious bedrooms, 2 full bathrooms in a great location. Large living room features lots of natural light. Kitchen has an abundance of cabinetry with serving peninsula. First floor utility offers enough additional space for a home office. Oversized attached

    Mark Day The Day Company REALTORS

    Section Image
  • 402 Salem Ave, Salem, IN 47167

    $184,900

    • 3 Beds
    • 2 Baths
    • 1,422 Sq Ft
    • 402 Salem Ave
    • Salem, IN

    Fully renovated 3 bedroom, 2 bathroom home in the city limits of Salem. This 1400+ square foot home has plenty of space and storage areas. The 3 bedroom layout is spaced out and has room for additional living quarters. Home has a new roof, new HVAC, new plumbing, new electric, new flooring, and new appliances. Perfect for a first time home buyer or someone looking for a carefree home. Seller is a

    William Kramer JPAR Aspire

    Section Image
  • 208 S Posey St, Salem, IN 47167

    $199,900

    • 3 Beds
    • 2 Baths
    • 1,272 Sq Ft
    • 208 S Posey St
    • Salem, IN

    Don’t miss this incredible opportunity to own this beautifully remodeled 3-bedroom, 2-bathroom home sitting on a quarter acre corner lot. Roof is about a year old. Brand new stainless steel appliances included. A great covered front porch for relaxing. Plenty of parking in driveway! Make this home yours, schedule your showing today!

    Mary Finkle Mainstreet Realtors

    Section Image
  • 208 S Posey St, Salem, IN 47167

    $199,900

    • 3 Beds
    • 2 Baths
    • 1,272 Sq Ft
    • 208 S Posey St
    • Salem, IN

    Don’t miss this incredible opportunity to own this beautifully remodeled 3-bedroom, 2-bathroom home sitting on a quarter acre corner lot. Roof is about a year old. Brand new stainless steel appliances included. A great covered front porch for relaxing. Plenty of parking in driveway! Make this home yours, schedule your showing today!

    Mary Finkle Mainstreet REALTORS

    Section Image
  • 800 Old State Road 60 E, Salem, IN 47167

    $215,000

    • 3 Beds
    • 2 Baths
    • 1,325 Sq Ft
    • 800 Old State Road 60 E
    • Salem, IN

    Welcome to 800 Old State Road 60—a beautifully maintained all-brick home nestled on a generous 0.41-acre lot in the peaceful town of Salem, Indiana. Built in 2008, this inviting 3-bedroom, 2-bathroom home offers comfort, convenience, and timeless charm.Step inside to a warm and welcoming living area that flows seamlessly into the open-concept kitchen and dining space—perfect for everyday living

    Jared Housier Southern Homes Realty

    Section Image
  • 1101 S Main St, Salem, IN 47167

    $199,900

    • 4 Beds
    • 2 Baths
    • 2,388 Sq Ft
    • 1101 S Main St
    • Salem, IN

    Attention Storage Unit Investors! GREAT Income Property is zoned B1. Seller has engineering plans for 88 storage units to be built on the property and is approved by the state of Indiana. Large Home is a fixer upper but can be 4+ bedrooms along with a newer garage added to the home and would make a great rental property or small business location. Home is sold as is and needs a lot of repairs.

    Nathan Soliday Streamline Real Estate, LLC

    Section Image
  • 1533 S State Road 60, Salem, IN 47167

    $170,000

    • 3 Beds
    • 2 Baths
    • 2,276 Sq Ft
    • 1533 S State Road 60
    • Salem, IN

    Income producing property alert...... WONDERFUL LOCATION....This main 876 sq. ft. house features 3 bedroom, 1 bath, large enclosed front porch, large kitchen, 2 car det 24' x 32' garage with new doors, concrete, & electric. The main house & garage has a large paved driveway, garden area, country view back yard, large concrete patio for entertaining with a hot tub hook-up. The attached efficiency

    Sherri Purkhiser The Day Company REALTORS

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Southern Indiana REALTORS® Association

MLS Number: 201405564

Southern Indiana REALTORS® Association

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