NOT LISTED FOR SALE

205 S Posey St Salem, IN 47167

Salem Area

Estimated Value: $156,000 - $174,403

4 Beds
2 Baths
2,153 Sq Ft
$77/Sq Ft Est. Value

Sale Details

Date Sold: August 29, 2025

Last sale price $155,000 $72 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,005 / mo

73 Days on Market

Highlights

  • Scenic Views
  • Covered Patio or Porch
  • Ceiling Fan
  • 3 Fireplaces
  • Shed
  • 3-minute walk to Rielys Park

About This Home

As of August 2025

Welcome to this 4-bedroom, 2.5-bath home that seamlessly blends charm and modern comfort. The main-level primary bedroom offers everyday convenience, while a laundry room adds to the home’s functionality. Recent updates include a new roof, siding, gutters, kitchen, windows, two shower stalls, plumbing, and electric. This property also qualifies for the FHA 203(k) loan program, making it a great opportunity for buyers looking to finance both the purchase and renovation in one convenient loan.

Last Agent to Sell the Property

Reed Martin

RE/MAX FIRST-Commercial Group License #RB14035705 Listed on: 03/20/2025

RE/MAX FIRST-Commercial Group

Co-Listed By

Abby Myers

RE/MAX FIRST License #RB20001511

Last Buyer's Agent

Mike Bechert

Re/Max Professionals License #RB24001951

Re/Max Professionals

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,063

Year Built

  • Built in 1928

Lot Details

  • 13,504 Sq Ft Lot
  • Lot Dimensions are 182x76

Parking

  • 1 Car Garage
  • Carport

Property Views

  • Scenic Vista
  • Park or Greenbelt

Home Design

  • Block Foundation

Interior Spaces

  • 2,153 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 3 Fireplaces
  • Decorative Fireplace
  • Basement
  • Basement Cellar

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 882417333027000022

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,063

Year Built

Built in 1928

Lot Details

0.31 Acres

Parking

1

Listing Details

  • Annual Tax: 1063
  • Appointment: Mandatory
  • Construction: Existing
  • Foundation: Concrete Block
  • Legal Description: DEP. PT LOT 191
  • Lot Dimensions: 182x76
  • Numof Fireplaces: 3
  • Out Buildings: Shed
  • Parcel Number: 882417333027000022
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total Finished Square Footage: 2153
  • Type: 2 Story
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Cellar
  • Above Grade Finished Sq Ft: 2153.00
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Fireplace: Decorative
  • Interior Amenities: 1st Floor Main, Ceiling Fan(s)
  • Lot Sq Ft: 13503.60
  • Sewer Type: Sewer
  • Total Sq Ft: 2153

Exterior Features

  • Exterior Features: Covered Porch

Garage/Parking

  • Garage Type: Carport
  • Garage Spaces: 1
  • Garage Yn: Yes

Utilities

  • Cooling Type: Window A/C Unit(s)
  • Fuel Type: Electric
  • Heat Type: Baseboard
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.3100
  • Lot Description: Park-Like View, Scenic View
  • Zoning: Residential

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2025
Closed on
Aug 29, 2025
Sold by
Shields Sandra K and Nicholson Arthur Keith
Bought by
Seller's Agent
Reed Martin
RE/MAX FIRST-Commercial Group
Buyer's Agent
Mike Bechert
Re/Max Professionals
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%
Views
230
Current Estimated Value
$165,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,851
Avg. Annual Appreciation
7.00%
Original Mortgage
$152,192
Interest Rate
7.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2020
Sold by
Sama Susan D and Wilson Susan D
Bought by
Shields Sandra K and Nicholson Arthur Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,095
Interest Rate
3.37%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Salem, IN

  • Erika Stofer Real Estate Agent - Epique Realty

    Erika Stofer

    Epique Realty

    (930) 336-5111

    42 Total Sales

    1 in Salem

    $135,000 Price

    Erika Stofer
     Section Image
  • Jennifer Coward Real Estate Agent - Semonin REALTORS

    Jennifer Coward

    Semonin REALTORS

    (930) 300-4431

    39 Total Sales

    1 in Salem

    $130,000 Price

    Jennifer Coward
     Section Image
  • Kim Kraft Real Estate Agent - Berkshire Hathaway HomeServices Parks & Weisberg R

    Kim Kraft

    Berkshire Hathaway HomeServices Parks & Weisberg R

    (930) 200-6148

    136 Total Sales

    1 in Salem

    $127,900 Price

    Kim Kraft
     Section Image
  • William Kramer Real Estate Agent - JPAR Aspire

    William Kramer

    JPAR Aspire

    (502) 735-1132

    29 Total Sales

    1 in Salem

    $179,900 Price

    William Kramer
     Section Image
  • Candice Ritchie Real Estate Agent - Green Tree Real Estate Services

    Candice Ritchie

    Responds Quickly

    Green Tree Real Estate Services

    (930) 219-4628

    55 Total Sales

    1 in Salem

    $185,000 Price

    Candice Ritchie
     Section Image
  • Mike Ashby Real Estate Agent - A White House Realty

    Mike Ashby

    A White House Realty

    (502) 906-7002

    84 Total Sales

    20 in Salem

    $32K - $267K Price Range

    Mike Ashby
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Shields Sandra K $77,500 Trinity Title Group
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $154,409
Closed Ford Shaina $152,192
Previous Owner Shields Sandra $50,995
Previous Owner Shields Sandra K $2,989
Previous Owner Shields Sandra K $76,095
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/29/2025 08/29/25 Sold $155,000 +3.4% $72 / Sq Ft
06/01/2025 06/01/25 Pending -- -- --
05/05/2025 05/05/25 Price Changed $149,900 -3.3% $70 / Sq Ft
04/11/2025 04/11/25 Price Changed $155,000 -3.1% $72 / Sq Ft
03/20/2025 03/20/25 For Sale $160,000 -- $74 / Sq Ft
Source: Southern Indiana REALTORS® Association

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,125 $124,800 $15,100 $109,700
2024 $1,063 $106,100 $15,100 $91,000
2023 $970 $96,600 $15,100 $81,500
2022 $857 $85,900 $15,100 $70,800
2021 $778 $78,700 $15,100 $63,600
2020 $471 $57,100 $15,100 $42,000
2019 $1,120 $55,900 $15,100 $40,800
2018 $1,042 $52,000 $15,100 $36,900
2017 $1,104 $55,100 $15,100 $40,000
2016 $1,034 $51,600 $15,100 $36,500
2014 $996 $49,700 $12,800 $36,900
2013 $990 $49,400 $15,100 $34,300
Source: Public Records

Agents Affiliated with this Home

  • Reed Martin Real Estate Agent - RE/MAX

    Seller's Agent in 2025

    Reed Martin

    RE/MAX

    (502) 741-1391

    237 Total Sales

    Reed Martin
    Section Image
  • Abby Myers Real Estate Agent - RE/MAX

    Seller Co-Listing Agent in 2025

    Abby Myers

    RE/MAX

    (812) 896-5573

    53 Total Sales

    Abby Myers
    Section Image
  • Mike Bechert Real Estate Agent - Re/Max Professionals

    Buyer's Agent in 2025

    Mike Bechert

    Re/Max Professionals

    (317) 608-8393

    69 Total Sales

    Mike Bechert
    Section Image
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202506645

Southern Indiana REALTORS® Association

APN: 88-24-17-333-027.000-022

Indiana Washington County Salem 47167

205 S Posey St, Salem, IN

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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