NOT LISTED FOR SALE

405 S High St Salem, IN 47167

Estimated Value: $60,000 - $154,722

2 Beds
1 Bath
1,156 Sq Ft
$99/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $25,000 $22 Per Sq Ft

Est. 358% increase in value since last sale

Current estimated payment $702/month

Highlights

  • Barn
  • Eat-In Kitchen
  • Central Air
  • 2 Car Detached Garage
  • 1-Story Property
  • Heat Pump System

About This Home

As of December 2017

This 2 bedroom 1 bath could be a great rental,small business or personal residence.
Lots of options at this low price.
2 bed/1 bath with basement/cellar. In Salem, Indiana, located behind the Goodwill, Property Sold as Is.
Listing agent is related to seller.

Last Agent to Sell the Property

Jenise Rusby

Bear Creek Realty License #RB14022428 Listed on: 07/19/2017

Last Buyer's Agent

Chad Motsinger

Lopp Real Estate Brokers License #RB16001877

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1928

Lot Details

  • 0.36

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Block Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,156 Sq Ft Home
  • 1-Story Property
  • Basement
  • Basement Cellar
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • 0.36 Acre Lot
  • Barn

Listing and Financial Details

  • Assessor Parcel Number 882420221002000022

Home Details

Home Type

Single Family

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Improvements: 26500
  • Additional Parking: Off Street
  • Annual Tax: 846
  • Appointment: Mandatory
  • Construction: Existing, Frame On-Site
  • Foundation: Concrete Block
  • Land Assessment: 15800
  • Legal Description: Pt SW 20-2-4.04 ac / PT NW 20-2-4 .12 ac / PT NW 20-2-4 .24 ac
  • Out Buildings: Garage, Barn(s)
  • Parcel Number: 882420221002000022
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 42300
  • Total Finished Square Footage: 1156
  • Type: 1 Story
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Cellar
  • Above Grade Finished Sq Ft: 1156.00
  • Appliances: Refrigerator
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Interior Amenities: Eat-In Kitchen
  • Lot Sq Ft: 15681.60
  • Room Count: 5
  • Sewer Type: Sewer
  • Total Sq Ft: 1156
  • Total Rooms: 5

Exterior Features

  • Exterior Features: Vinyl Siding

Garage/Parking

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

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Electric
  • Heat Type: Heat Pump
  • Water Type: Public Onsite

Schools

  • School District: Salem Comm.

Lot Info

  • Acres: 0.3600
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2017
Closed on
Dec 29, 2017
Sold by
K & E Land Llc
Bought by
Motsinger Michael R and Motsinger Patti S
Seller's Agent
Jenise Rusby
Bear Creek Realty
Buyer's Agent
Chad Motsinger
Lopp Real Estate Brokers
List Price
$32,000
Sold Price
$25,000
Premium/Discount to List
-$7,000
-21.88%
Current Estimated Value
$114,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,431
Avg. Annual Appreciation
21.59%

Purchase Details

Closed on
Jun 30, 2010
Sold by
Dunn Mark A and Pnc Mortgage A Division Of Pnc
Bought by
K & E Land Llc

Purchase Details

Closed on
Mar 12, 2007
Sold by
Troutman Llc
Bought by
Dunn Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,710
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2006
Sold by
Tarr Gary L and Estate Of Phyllis Tarr Renaker
Bought by
Troutman Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,800
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
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
Motsinger Michael R $25,000 None Available
K & E Land Llc -- None Available
Dunn Mark A -- None Available
Troutman Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dunn Mark A $60,710
Previous Owner Troutman Llc $48,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2017 12/29/17 Sold $25,000 -21.9% $22 / Sq Ft
12/14/2017 12/14/17 Pending -- -- --
07/19/2017 07/19/17 For Sale $32,000 -- $28 / 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 $1,116 $55,800 $10,500 $45,300
2023 $1,030 $51,500 $10,500 $41,000
2022 $934 $46,700 $10,500 $36,200
2021 $860 $43,000 $10,500 $32,500
2020 $824 $41,200 $10,500 $30,700
2019 $798 $39,900 $10,500 $29,400
2018 $748 $37,400 $10,500 $26,900
2017 $892 $44,600 $15,800 $28,800
2016 $846 $42,300 $15,800 $26,500
2014 $792 $39,600 $13,000 $26,600
2013 $766 $38,300 $15,800 $22,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 201708085

Southern Indiana REALTORS® Association

APN: 88-24-20-221-002.000-022