NOT LISTED FOR SALE

4616 E Farabee Rd Salem, IN 47167

Salem Area

Estimated Value: $250,500

29.83 Acres
$8,398 Price per Acre
1,299,395 Sq Ft Lot

Sale Details

Date Sold: March 18, 2026

Last sale price $250,000

Current estimated payment $1,389 / mo

81 Days on Market

Highlights

  • River View
  • River Nearby
  • Creek On Lot
  • 29.83 Acre Lot
  • Secluded Lot
  • Wooded Lot

About This Lot

As of March 2026

29.83 wooded acres sitting high above the Blue River. Property has a concrete pad setup for campers and has electric, water and septic. A 24x24 pole barn w/lean-to for utility, tool and toy storage. There is between $40,000 to $50,000 worth of harvestable timber on the property. The property is currently registered in the Indiana Classified Forest & Wildlands Program. Possible homesites where a new home/cabin would fit right in. Everyone loves a treehouse, a child's dream, nature loving photographer, or a hunter's blind; there's wildlife abound. Whether you are seeking solitude and privacy, hunting and fishing, or just a place to unwind; this property has it all. Top rated schools, a tight-knit community, close to Metro, yet private, you can have it! Call for your private tour today! Appointment is required to access the property. Buyer's agent must be present for all showings.

Last Agent to Sell the Property

Fred Bishop

Jack Bridgewater Real Estate License #RB14048563 Listed on: 12/05/2025

Last Buyer's Agent

Fred Bishop

Jack Bridgewater Real Estate License #RB14048563 Listed on: 12/05/2025

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $414

Lot Details

  • 29.83 Acre Lot
  • River Front
  • Secluded Lot
  • Wooded Lot
  • Subdivision Possible
  • Property is zoned Agri/ Residential

Property Views

  • River
  • Scenic Vista
  • Park or Greenbelt

Home Design

  • Slab Foundation

Outdoor Features

  • River Nearby
  • Creek On Lot
  • Pole Barn

Mobile Home

  • Mobile Home Allowed

Utilities

  • The river is a source of water for the property
  • On Site Septic

Listing and Financial Details

  • Assessor Parcel Number 0091541701

Property Details

Property Type

Land

Est. Annual Taxes

$414

Lot Details

29.83 Acres

Listing Details

  • Annual Tax: 414
  • Electricity On Property: Yes
  • Foundation: Slab
  • Legal Description: 18-01-500-001.015-09 PT NE NW 1-1-4 29.83AC (28.83ACCF)
  • Lot Dimensions: 29.83 Acres
  • Mobileor Modular: Allowed
  • Out Buildings: Pole Barn
  • Parcel Number: 0091541701
  • Property Type: Vacant Land
  • Timber Acreage: 27
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Lot Sq Ft: 1299394.80
  • Sewer Type: Septic Onsite

Exterior Features

  • Road Frontage: yes

Utilities

  • Water: Creek, River
  • Water Type: Public Onsite

Lot Info

  • Acres: 29.8300
  • Lot Description: Adj River/Stream/Crk, Creek, Divisible Lot, Park-Like View, River Frontage, River View, Scenic View, Secluded Lot, Waterfront Property, Wooded Lot
  • Zoning: Agri/ 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
Dec 5, 2025
Closed on
Mar 18, 2026
Sold by
Bought by
Seller's Agent
Fred Bishop
Jack Bridgewater Real Estate
Buyer's Agent
Fred Bishop
Jack Bridgewater Real Estate
List Price
$325,000
Sold Price
$250,000
Premium/Discount to List
-$75,000
-23.08%
Views
58
Current Estimated Value
$250,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$500
Avg. Annual Appreciation
0.53%
Original Mortgage
$175,000
Outstanding Balance
$174,476
Interest Rate
6.01%
Mortgage Type
New Conventional
Estimated Equity
$76,024

Purchase Details

Closed on
Jul 27, 2016
Sold by
Bought by
Source: Public Records

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
$85,000 --
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 $175,000
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
03/18/2026 03/18/26 Sold $250,000 -16.4% --
02/24/2026 02/24/26 Pending -- -- --
02/11/2026 02/11/26 Price Changed $299,000 -8.0% --
12/05/2025 12/05/25 For Sale $325,000 -- --
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 $113 $6,300 $800 $5,500
2024 $116 $6,500 $800 $5,700
2023 $131 $7,100 $800 $6,300
2022 $139 $7,200 $700 $6,500
2021 $116 $5,800 $600 $5,200
2020 $235 $11,700 $600 $11,100
2019 $229 $11,700 $600 $11,100
2018 $222 $11,700 $700 $11,000
2017 $214 $11,800 $700 $11,100
2016 $415 $23,100 $11,800 $11,300
2014 $486 $28,400 $17,500 $10,900
2013 $428 $25,700 $15,000 $10,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2025012980

Southern Indiana REALTORS® Association

APN: 88-14-01-000-001.015-013

Your Personal Tour Guide

Ask me questions while you tour the home.