Estimated payment $178/month
Highlights
- Very Popular Property
- Traditional Architecture
- No HOA
- Salem Elementary School Rated A-
- Wood Flooring
- Double Pane Windows
About This Home
INVESTMENT OPPORTUNITY IN SALEM, ARKANSAS Located in the heart of Salem, Arkansas, this 3-bedroom, 1-bath home built in 1994 offers excellent potential for investors seeking a true value-add opportunity. The property features a recently renovated roof, providing a strong start for those ready to redesign or update the interior to modern standards. With the right improvements, this home can be positioned for a profitable resale or a dependable long-term rental, giving you flexibility in your exit strategy and the ability to generate strong returns. INVESTMENT OPPORTUNITY IN SALEM, ARKANSAS Located in the heart of Salem, Arkansas, this 3-bedroom, 1-bath home built in 1994 offers excellent potential for investors seeking a true value-add opportunity. The property features a recently renovated roof, providing a strong start for those ready to redesign or update the interior to modern standards. With the right improvements, this home can be positioned for a profitable resale or a dependable long-term rental, giving you flexibility in your exit strategy and the ability to generate strong returns. The location adds to the appeal, situated within walking distance of the historic former Salem High School and close to local restaurants, grocery stores, coffee shops, and other conveniences. This desirable neighborhood provides steady demand, making it a promising area for future tenants or buyers once renovations are complete. If you're looking for a property with meaningful upside in a well-located community, this Salem home is an ideal investment to elevate with your vision.
Listing Agent
United Country-Cozort Realty, Inc. License #2025005522 Listed on: 12/03/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $235
Year Built
- Built in 1994
Lot Details
- 6,098 Sq Ft Lot
Parking
- Gravel Driveway
Home Design
- Traditional Architecture
- Wood Frame Construction
- Wood Siding
Interior Spaces
- 1,798 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Wood Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Schools
- Salem Elementary School
- Salem High School
Utilities
- No Cooling
- No Heating
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 22
- Assessor Parcel Number 855-27455-000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $235 | $1,990 | $450 | $1,540 |
| 2024 | $235 | $5,520 | $300 | $5,220 |
| 2023 | $235 | $5,520 | $300 | $5,220 |
| 2022 | $235 | $5,520 | $300 | $5,220 |
| 2021 | $235 | $5,520 | $300 | $5,220 |
| 2020 | $230 | $5,400 | $300 | $5,100 |
| 2019 | $230 | $5,400 | $300 | $5,100 |
| 2018 | $230 | $5,400 | $300 | $5,100 |
| 2017 | $230 | $5,400 | $300 | $5,100 |
| 2016 | $230 | $5,400 | $300 | $5,100 |
| 2015 | -- | $5,400 | $300 | $5,100 |
| 2014 | -- | $5,400 | $300 | $5,100 |
| 2013 | -- | $5,400 | $300 | $5,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/02/2025 12/02/25 | For Sale | $30,000 | -- | $17 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $6,000 | -- | |
| Warranty Deed | $20,000 | -- |
Source: Southern Missouri Regional MLS
MLS Number: 60311010
APN: 885-27455-000
- 140 N Oak St
- 316 North St
- 116 N Birch St
- 304 W Church St
- 533 North St
- 323 N Cedar St
- 210 Pilot Hill Dr
- 111 Humphrey Ln
- 361 N Cedar St
- 6325 Byron Rd
- 330 S Main St
- TBD Byron Rd
- 404 S Main St
- TBD W Fairview Rd
- 0 Young Rd Unit MAR24022101
- 0 W Fairview Rd Unit 25027257
- 0 W Fairview Rd Unit 24344957
- 0 Young Rd Unit 25039740
- 47 Sturkie
- 001-05099-000 Young Rd