NOT LISTED FOR SALE

1557 S Franklin School Rd Salem, IN 47167

Estimated Value: $229,000 - $284,000

3 Beds
2 Baths
1,568 Sq Ft
$162/Sq Ft Est. Value

Last Sold July 02, 2020

Last sale price $181,100 $115 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,491/month

2 Days on Market

Highlights

  • Primary Bedroom Suite
  • Open Floorplan
  • Ranch Style House
  • East Washington Elementary School Rated 9+
  • Vaulted Ceiling
  • Partially Wooded Lot

About This Home

As of July 2020

VETERAN OWNED newly renovated country home sits back a long private lane on nearly 3 acres. The brand new kitchen features high end finishes, granite countertops, custom cabinetry, and an island that goes on for miles. All new flooring, new double pane windows in main part of the home, new rear deck, pool filled in and converted into a gorgeous fire pit area, new bathroom vanities, all new light fixtures, and a total refresh on the beamed ceilings and wood panel walls. A fantastic sunroom overlooks the outdoor patio and entertaining space! The beauty of this home speaks for itself! Peaceful and private this home is ready for you! Home Warranty.

Last Agent to Sell the Property

Bobbi Benish

Benish Real Estate Group Listed on: 05/08/2020

Last Buyer's Agent

Bedford NonMember

NonMember BED

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,410

Year Built

  • Built in 1983

Lot Details

  • 2.8 Acre Lot
  • Backs to Open Ground
  • Rural Setting
  • Partially Wooded Lot

Parking

  • Off-Street Parking

Home Design

  • Ranch Style House
  • Wood Siding
  • Metal Siding

Interior Spaces

  • 1,568 Sq Ft Home
  • Open Floorplan
  • Chair Railings
  • Beamed Ceilings
  • Vaulted Ceiling
  • Crawl Space
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Cedar Closet
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Covered Patio or Porch

Schools

  • East Washington Elementary And Middle School
  • East Washington High School

Utilities

  • Forced Air Heating and Cooling System
  • Septic System

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 88-25-28-000-017.001-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,410

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1983
  • Age: 37
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 12-28-400-017.001-02 PT SE 28-2-5 2.8ac
  • Parcel Number ID: 88-25-28-000-017.001-004
  • Platted: Yes
  • Amenities: Breakfast Bar, Ceiling-9+, Ceilings-Beamed, Ceilings-Vaulted, Chair Rail, Closet(s) Cedar, Closet(s) Walk-in, Deck Open, Home Warranty Included, Kitchen Island, Open Floor Plan, Patio Open, Porch Covered, Tub/Shower Combination, Main Level Bedroom Suite, Main Floor Laundry
  • Location: Rural
  • Sp Lp Percent: 100.67
  • Year Taxes Payable: 2020
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1568
  • Total Finished Sq Ft: 1568
  • Above Grade Finished Sq Ft: 1568
  • Price Per Sq Ft: 115.5
  • Basement Foundation: Crawl
  • Flooring: Carpet, Tile, Vinyl
  • Living Great Room: Dimensions: 22x16, On Level: Main
  • Kitchen: Dimensions: 22x8, On Level: Main
  • Extra Room: Sunroom, Dimensions: 11x27, On Level: Main
  • Bedroom 1: Dimensions: 12x14, On Level: Main
  • Bedroom 2: Dimensions: 12x10, On Level: Main
  • Bedroom 3: Dimensions: 11x10, On Level: Main
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Metal, Wood
  • Outbuilding1: None

Garage/Parking

  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electric, Forced Air
  • Sewer: Septic
  • Water Utilities: Public
  • Laundry: Dimensions: Mainx11, On Level: 14

Schools

  • School District: East Washington School Corp.
  • Elementary School: East Washington
  • Middle School: East Washington
  • High School: East Washington
  • Elementary School: East Washington

Lot Info

  • Lot Description: Partially Wooded, 0-2.9999
  • Lot Dimensions: 2.8 Acres
  • Estimated Lot Sq Ft: 121968
  • Estimated Lot Size Acres: 2.8

Tax Info

  • Annual Taxes: 2409.6
  • Exemptions: Homestead

MLS Schools

  • High School: East Washington
  • Middle School: East Washington
  • School District: East Washington School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2020
Closed on
Jul 2, 2020
Sold by
Strategic Services Llc
Bought by
Woodville John L and Woodville Debra M
Seller's Agent
Bobbi Benish
Benish Real Estate Group
Buyer's Agent
Bedford NonMember
NonMember BED
List Price
$179,900
Sold Price
$181,100
Premium/Discount to List
$1,200
0.67%
Current Estimated Value
$253,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,665
Avg. Annual Appreciation
7.74%
Original Mortgage
$162,990
Outstanding Balance
$146,129
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$120,468

Purchase Details

Closed on
Mar 20, 2007
Sold by
Rose Robert Scott and Rose Angie I
Bought by
Jones Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
6.21%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Woodville John L $181,100 Mattingly Ford Title Services,
Jones Ruth -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woodville John L $162,990
Previous Owner Jones Ruth M $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2020 07/02/20 Sold $181,100 +0.7% $115 / Sq Ft
05/08/2020 05/08/20 For Sale $179,900 -- $115 / Sq Ft
Source: Indiana Regional MLS

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 $1,423 $172,600 $27,200 $145,400
2023 $1,381 $167,200 $27,200 $140,000
2022 $1,462 $156,500 $27,200 $129,300
2021 $2,796 $139,800 $27,200 $112,600
2020 $974 $113,400 $27,200 $86,200
2019 $919 $110,800 $27,200 $83,600
2018 $906 $112,000 $27,200 $84,800
2017 $759 $111,100 $27,200 $83,900
2016 $576 $99,900 $27,200 $72,700
2014 $598 $104,300 $27,200 $77,100
2013 $554 $101,000 $27,200 $73,800
Source: Public Records

Agents Affiliated with this Home

  • Bobbi Benish

    Seller's Agent in 2020

    Bobbi Benish

    Benish Real Estate Group

    (765) 437-3650

    187 Total Sales

    Bobbi Benish
    Section Image

  • B

    Buyer's Agent in 2020

    Bedford NonMember

    NonMember BED

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202016270

Indiana Regional MLS

APN: 88-25-28-000-017.001-004

Indiana Washington County Salem 47167

1557 S Franklin School Rd, Salem, IN

This home is located at 1557 S Franklin School Rd, Salem, IN 47167 since 08 May 2020 and is currently estimated at $253,765, approximately $161 per square foot. This property was built in 1983. 1557 S Franklin School Rd is a home located in Washington County with nearby schools including East Washington Elementary School, East Washington Middle School, and Eastern 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.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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