NOT LISTED FOR SALE

408 N Water St Salem, IN 47167

Estimated Value: $175,000 - $201,000

3 Beds
2 Baths
1,528 Sq Ft
$124/Sq Ft Est. Value

Last Sold May 11, 2016

Last sale price $93,000 $61 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $1,110/month

346 Days on Market

Highlights

  • City Lights View
  • Main Floor Primary Bedroom
  • Covered Patio or Porch
  • Deck
  • Den
  • First Floor Utility Room

About This Home

As of May 2016

Beautiful historic 2 Possibly 3Bd/2ba home has been completely remodeled! Gorgeous original hard wood floors throughout! Picket fenced yard! Unique exposed brick wall in living room for added character! Gas fireplace for cozy evenings! This home is a MUST SEE! Call for your appointment today!

Last Agent to Sell the Property

Mary Finkle

Mainstreet REALTORS License #RB14026176 Listed on: 03/29/2015

Last Buyer's Agent

Debbie Curtis

Mainstreet REALTORS License #RB14032127

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $632

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 74.24x158
  • Fenced Yard
  • Garden

Parking

  • 1 Car Detached Garage
  • Carport
  • Off-Street Parking

Property Views

  • City Lights
  • Park or Greenbelt

Home Design

  • Brick Foundation
  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 1,528 Sq Ft Home
  • 1.5-Story Property
  • Gas Fireplace
  • Thermal Windows
  • Family Room
  • Formal Dining Room
  • Den
  • First Floor Utility Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Exterior Basement Entry
  • Basement Cellar

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 882417331027000022

Home Details

Home Type

Single Family

Est. Annual Taxes

$632

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Additional Parking: Off Street
  • Annual Tax: 632
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Deduction Type: Homestead Standard, Mortgage, Supplemental Homestd
  • Foundation: Brick (Solid), Poured Concrete
  • Legal Description: LOT:151 SEC:000 DIST:0021 CITY/MUNI/TWP: TOWNSHIP DEP. N PT LOT 151 .23AC MAP REF:MP
  • Lot Dimensions: 74.24x158
  • Parcel Number: 882417331027000022
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total Finished Square Footage: 1528
  • Type: 1.5 Story
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Cellar, Outside Entrance, Partial
  • Above Grade Finished Sq Ft: 1528.00
  • Appliances: Dishwasher, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Fireplace: Gas Burning
  • Interior Amenities: 1st Floor Master, 1st Floor Utility, Cable Wired, Den/Office, Eat-In Kitchen, Family Room, Formal Dining Rm, Pantry, Split Bedrooms
  • Lot Measurement: Acres
  • Lot Sq Ft: 10019.00
  • Sewer Type: Sewer
  • Total Sq Ft: 1528

Exterior Features

  • Exterior Features: Covered Porch, Deck, Fenced Yard, Thermopane Windows

Garage/Parking

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

Utilities

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

Lot Info

  • Acres: 0.2300
  • Lot Description: City Lights View, Garden Area, Park-Like View
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2015
Closed on
May 11, 2016
Sold by
Terrell Norman R and Terrell Anne G
Bought by
Combs Claude Michael and Combs Lisa K
Seller's Agent
Mary Finkle
Mainstreet REALTORS
Buyer's Agent
Debbie Curtis
Mainstreet REALTORS
List Price
$110,000
Sold Price
$93,000
Premium/Discount to List
-$17,000
-15.45%
Current Estimated Value
$190,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,157
Avg. Annual Appreciation
7.71%
Original Mortgage
$91,315
Outstanding Balance
$74,058
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$116,099

Purchase Details

Closed on
Jan 3, 2005
Sold by
Smith Cecil J and Smith Martha S
Bought by
Terrell Norman R and Terrell Anne G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Combs Claude Michael -- None Available
Terrell Norman R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Combs Claude Michael $91,315
Previous Owner Terrell Norman R $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2016 05/11/16 Sold $93,000 -15.5% $61 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
03/29/2015 03/29/15 For Sale $110,000 -- $72 / 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 $1,314 $131,400 $12,700 $118,700
2023 $1,328 $120,000 $12,700 $107,300
2022 $1,209 $107,100 $12,700 $94,400
2021 $1,010 $94,400 $12,700 $81,700
2020 $970 $89,800 $12,700 $77,100
2019 $936 $86,400 $12,700 $73,700
2018 $875 $79,700 $12,700 $67,000
2017 $867 $85,000 $12,700 $72,300
2016 $648 $79,000 $12,700 $66,300
2014 $632 $85,400 $12,300 $73,100
2013 $524 $80,900 $12,700 $68,200
Source: Public Records

Agents Affiliated with this Home

  • Mary Finkle

    Seller's Agent in 2016

    Mary Finkle

    Mainstreet REALTORS

    (812) 883-9555

    118 in this area

    442 Total Sales

    Mary Finkle
    Section Image
  • Debbie Curtis

    Buyer's Agent in 2016

    Debbie Curtis

    Mainstreet REALTORS

    (812) 620-2443

    45 in this area

    134 Total Sales

    Debbie Curtis
    Section Image
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 201502063

Southern Indiana REALTORS® Association

APN: 88-24-17-331-027.000-022

Indiana Washington County Salem 47167

408 N Water St, Salem, IN

Not Listed for Sale

Detached

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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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