NOT LISTED FOR SALE

2645 E Banet Rd Salem, IN 47167

Estimated Value: $298,000 - $430,000

4 Beds
3 Baths
3,120 Sq Ft
$122/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $410,000 $131 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,256/month

23 Days on Market

Highlights

  • Wood Burning Stove
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Log Cabin

About This Home

As of May 2024

Rustic charm with modern comfort. The log exterior and dual front porches offer stunning panoramic views of the surrounding landscape. As you step inside, an inviting interior welcomes you with open ceilings and abundant natural light pouring in from large bay windows. Cozy up to the modern wood stove in the living area on chilly evenings or gather with loved ones in the adjacent dining area. Meal preparation is a breeze in the well-appointed kitchen with ample cabinetry, granite countertops, and stainless-steel appliances. This beautiful home boasts four bedrooms, a generously sized main suite, a private bath with dual sinks, a deep soaking tub, and a separate shower. Convenience is ensured with a full bath on each floor. The finished basement with original log accents offers versatile spaces to create your perfect sanctuary. The expansive grounds, with a pond and pool, offer endless opportunities for outdoor enjoyment. A two-car detached garage and woodshed provide ample space for cars, tools, and toys. Enjoy peace of mind knowing that the furnace/AC, water heater, and kitchen appliances were updated in 2018. The garage had a new roof in 2022, and the bay windows were resealed in 2024. The seller is providing a 1-year home warranty, and the property has been routinely treated for insects and termites. The information provided is approximate and should be verified by buyers through inspections and surveys. Inspections are welcome at buyer's expense property is sold as-is.

Last Agent to Sell the Property

Derrick Stewart

Lighthouse Realty Group, Inc. License #RB19002083 Listed on: 04/03/2024

Last Buyer's Agent

Danny Short

Ward Realty Services License #RB20001072

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,073

Year Built

  • Built in 2006

Lot Details

  • 5 Acre Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Log Cabin
  • Frame Construction

Interior Spaces

  • 3,120 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Wood
  • Electric Water Heater
  • On Site Septic

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 0090057410

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,073

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Improvements: 208200
  • Annual Tax: 2073
  • Appointment: Mandatory
  • Construction: Existing, Frame On-Site
  • Home Warranty Provided: America’s Preferred Home Warranty
  • Land Assessment: 36000
  • Legal Description: 18-10-100-008.000-09 WH SW NE 10-1-4 5AC
  • Numof Fireplaces: 1
  • Out Buildings: Garage
  • Parcel Number: 0090057410
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 244200
  • Total Deduction Amnt: 117080
  • Total Finished Square Footage: 3120
  • Type: 1.5 Story, Log
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Full
  • Above Grade Finished Sq Ft: 1600.00
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Fireplace: Wood Stove, Woodburning
  • Lot Sq Ft: 217800.00
  • Sewer Type: Septic Onsite
  • Total Sq Ft: 3120

Exterior Features

  • Home Warranty: Yes

Garage/Parking

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

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Electric, Wood
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Lot Info

  • Acres: 5.0000
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
May 31, 2024
Sold by
Smith Darrell Duane and Smith Heather Nicole
Bought by
Condra Richard Mark and Condra Rose Ellen
Seller's Agent
Derrick Stewart
Lighthouse Realty Group, Inc.
Buyer's Agent
Danny Short
Ward Realty Services
List Price
$470,000
Sold Price
$410,000
Premium/Discount to List
-$60,000
-12.77%
Views
77
Current Estimated Value
$379,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,278
Avg. Annual Appreciation
-2.04%
Original Mortgage
$373,612
Outstanding Balance
$370,599
Interest Rate
7.22%
Mortgage Type
VA
Estimated Equity
$29,124

Purchase Details

Listed on
Oct 8, 2018
Closed on
Jan 15, 2019
Sold by
Allen Jennifer Kay
Bought by
Smith Darrell Duane and Smith Heather Nicole
Seller's Agent
Jennifer Jordan
Lighthouse Realty Group, Inc.
Buyer's Agent
Jennifer Jordan
Lighthouse Realty Group, Inc.
List Price
$224,900
Sold Price
$216,591
Premium/Discount to List
-$8,309
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.59%
Original Mortgage
$216,591
Interest Rate
4.7%
Mortgage Type
VA

Purchase Details

Listed on
Oct 20, 2017
Closed on
Dec 29, 2017
Sold by
Fannie Mae
Bought by
Allen Jennifer Kay
Seller's Agent
Mary Finkle
Mainstreet REALTORS
Buyer's Agent
Jennifer Jordan
Lighthouse Realty Group, Inc.
List Price
$93,900
Sold Price
$81,000
Premium/Discount to List
-$12,900
-13.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
155.16%

Purchase Details

Closed on
May 17, 2016
Sold by
Hardy Tim W and Hardy Amber
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 15, 2012
Sold by
Hardy Tim W and Hardy Amber
Bought by
Pnc Bank N A

Purchase Details

Closed on
Feb 1, 2012
Sold by
Karr Amber
Bought by
Hardy Tim

Purchase Details

Closed on
Sep 27, 2007
Sold by
Karr Amber M and Hardy Amber M
Bought by
Hardy Amber M and Hardy Tim W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.49%
Mortgage Type
Credit Line Revolving
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
Condra Richard Mark -- First American Title
Smith Darrell Duane $216,591 Salem Title Corp
Allen Jennifer Kay $81,000 None Available
Federal National Mortgage Association $116,900 None Available
Pnc Bank N A -- None Available
Hardy Tim -- None Available
Hardy Amber M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Condra Richard Mark $373,612
Previous Owner Smith Darrell Duane $216,591
Previous Owner Hardy Amber M $20,000
Previous Owner Hardy Amber M $895,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $410,000 -6.6% $131 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/18/2024 04/18/24 Price Changed $439,000 -2.2% $141 / Sq Ft
04/08/2024 04/08/24 Price Changed $449,000 -4.5% $144 / Sq Ft
04/03/2024 04/03/24 For Sale $470,000 +117.0% $151 / Sq Ft
01/15/2019 01/15/19 Sold $216,591 -3.7% $57 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
10/08/2018 10/08/18 For Sale $224,900 +177.7% $59 / Sq Ft
12/29/2017 12/29/17 Sold $81,000 -13.7% $36 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
10/20/2017 10/20/17 For Sale $93,900 -- $41 / 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 $2,247 $280,500 $36,000 $244,500
2023 $2,005 $260,200 $36,000 $224,200
2022 $2,072 $244,200 $36,000 $208,200
2021 $1,869 $222,800 $36,000 $186,800
2020 $1,753 $213,800 $36,000 $177,800
2019 $1,721 $214,400 $36,000 $178,400
2018 $4,082 $214,700 $36,000 $178,700
2017 $3,692 $237,600 $36,000 $201,600
2016 $1,620 $214,300 $36,000 $178,300
2014 $1,368 $203,100 $27,500 $175,600
2013 $1,423 $207,800 $36,000 $171,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202406879

Southern Indiana REALTORS® Association

APN: 88-14-10-000-008.000-013