NOT LISTED FOR SALE

10728 E Read Rd Salem, IN 47167

Estimated Value: $24,000 - $179,000

3 Beds
-- Bath
1,280 Sq Ft
$79/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $175,000 $137 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $561/month

Highlights

  • Greenhouse
  • Scenic Views
  • Wooded Lot
  • East Washington Elementary School Rated 9+
  • Open Floorplan
  • Main Floor Primary Bedroom

About This Home

As of July 2021

Check out this MINI FARM with over 8 Acres. 2012 BUILT 1 1/2 Story AMISH BUILT HOME with 2416 sq. ft., (3552 sq.ft. including basement) covered front porch and 3 bedrooms. The home features an open floor plan with 2 Br. on the main level and potential for 1- 2 more upstairs. There is a FULL WALKOUT BASEMENT that walks out to a covered patio. 3.5 Acres are cleared with 1.5 Acre of fenced pasture and the rest of the land is wooded. The upstairs is waiting for your finishing touches. Very nice 32 x 48 x 10 INSULATED POLE BARN style garage with concrete floor, 2 x 6 walls and chimney for wood stove. It has 1 - 18' and 1 - 4' slider doors. Also, there is a HORSE BARN with one stall and potential for more. It is 24 x 32 x 10 with a 12 x 32 lean to. Property includes a small green house and a chicken coop. There are 2 garden spots, a strawberry patch and an ORCHARD with 15 apple trees, 20 peach trees, blackberries and rhubarb. Lots of wildlife. Great hunting and recreation land as well. Possible pond location. Electric is at the road and city water is also at the road and has already been brought back to the barn. This mini farm is located just 12.5 miles to I-65. This one will not last long at this price!

Last Agent to Sell the Property

Debbie Curtis

Mainstreet REALTORS License #RB14032127 Listed on: 05/08/2021

Last Buyer's Agent

Bobby Bass

Bass Group Real Estate License #RB14043299

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,707

Year Built

  • Built in 2012

Lot Details

  • 8.11 Acre Lot
  • Poultry Coop
  • Fenced Yard
  • Wooded Lot
  • Landscaped with Trees
  • Garden

Parking

  • 2 Car Garage
  • Side Facing Garage

Home Design

  • Block Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • 1.5-Story Property
  • Open Floorplan
  • Thermal Windows
  • Scenic Vista Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Unfinished Basement

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

Outdoor Features

  • Covered Patio or Porch
  • Greenhouse
  • Pole Barn
  • Shed

Farming

  • Horse or Livestock Barn
  • Horse Farm
  • Poultry Farm

Additional Features

  • Ramp on the main level
  • Cistern

Listing and Financial Details

  • Assessor Parcel Number 882512000003015004

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,707

Year Built

Built in 2012

Lot Details

0

Parking

2

Listing Details

  • Improvements: 121400
  • Annual Tax: 1707
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Foundation: Concrete Block
  • Land Assessment: 32200
  • Legal Description: 12-12-100-003.015-02 PT NE 12-2-5 4.053 AC Lot 15 Read Farm
  • Out Buildings: Brooder House, Horse Barn, Pole Barn, Shed
  • Parcel Number: 882512000003015004
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 153600
  • Total Deduction Amnt: 67040
  • Total Finished Square Footage: 1280
  • Type: 1.5 Story
  • Year Built: 2012
  • Special Features: None

Interior Features

  • Basement Type: Full, Unfinished, Walkout
  • Above Grade Finished Sq Ft: 1280.00
  • Basement: Yes
  • Total Bedrooms: 3
  • Interior Amenities: 1st Floor Master, Eat-In Kitchen, Open Floor Plan, Pantry
  • Lot Sq Ft: 353271.60
  • Room Count: 4
  • Total Sq Ft: 1280
  • Total Rooms: 4

Exterior Features

  • Exterior Features: Covered Patio, Covered Porch, Fenced Yard, Greenhouse, Ramp, Thermopane Windows, Vinyl Siding

Garage/Parking

  • Garage Type: Pole Barn, Side Entry
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Water Type: Cistern, Public Available

Schools

  • School District: East Washington

Lot Info

  • Acres: 8.1100
  • Farm Type: Horse, Poultry, Trees
  • Lot Description: Garden Area, Scenic View, Wooded Lot
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2023
Sold by
Schmidt Martin J and Schmidt Rosina M
Bought by
Taylor Ellis E and Ctoaylor Serena K
Current Estimated Value
$101,500

Purchase Details

Listed on
May 8, 2021
Closed on
Jul 16, 2021
Sold by
Schmidt Martin J and Schmidt Rosina M
Bought by
Taylor Ellis E and Taylor Serena K
Seller's Agent
Debbie Curtis
Mainstreet REALTORS
Buyer's Agent
Bobby Bass
Bass Group Real Estate
List Price
$199,900
Sold Price
$175,000
Premium/Discount to List
-$24,900
-12.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.27%
Original Mortgage
$295,183
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2018
Sold by
Aulbach Steven W
Bought by
Schmidt Martin J and Schmidt Rosina M R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,800
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 13, 2012
Sold by
Roberts Julia M
Bought by
Schmidt Martin J and Schmidt Rosina M R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,885
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Taylor Ellis E -- None Listed On Document
Taylor Ellis E -- None Available
Schmidt Martin J -- None Available
Schmidt Martin J -- None Available
Roberts Julia M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Ellis E $295,183
Previous Owner Schmidt Martin J $99,800
Previous Owner Schmidt Martin J $10,000
Previous Owner Schmidt Martin J $71,885
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $175,000 -12.5% $137 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
05/08/2021 05/08/21 For Sale $199,900 -- $156 / 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 $297 $16,800 $16,300 $500
2023 $308 $16,800 $16,300 $500
2022 $266 $16,800 $16,300 $500
2021 $2,015 $174,500 $48,500 $126,000
2020 $1,707 $154,600 $32,200 $122,400
2019 $1,664 $153,600 $32,200 $121,400
2018 $1,574 $150,400 $32,200 $118,200
2017 $994 $131,100 $32,200 $98,900
2016 $805 $119,800 $32,200 $87,600
2014 $840 $127,000 $32,200 $94,800
2013 $840 $140,700 $32,200 $108,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202107607

Southern Indiana REALTORS® Association

APN: 88-25-12-000-003.015-004