NOT LISTED FOR SALE

4722 E Farabee Rd Salem, IN 47167

Estimated Value: $261,000 - $391,000

4 Beds
1 Bath
2,048 Sq Ft
$160/Sq Ft Est. Value

Last Sold November 15, 2017

Last sale price $205,000 $100 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,937/month

57 Days on Market

Highlights

  • Panoramic View
  • 27.38 Acre Lot
  • Pond
  • East Washington Elementary School Rated 9+
  • River Nearby
  • Pole Barn

About This Home

As of November 2017

Amazing property that backs up to Blue River. Huge stocked pond, garden area, dock, privacy four wheel trails, beautiful setting. Historic 1900 home with bay windows, natural trim and wood work. Square footage per assessor includes summer kitchen. Outside shower and huge barn with water and electric and concrete floors 40 x 60 barn. Home recently painted. Home has partial tin roof. A true piece of paradise.

Last Agent to Sell the Property

Sherri Probus

RE/MAX FIRST License #RB14015408 Listed on: 08/15/2017

RE/MAX FIRST

Last Buyer's Agent

Sherri Probus

RE/MAX FIRST License #RB14015408 Listed on: 08/15/2017

RE/MAX FIRST

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,010

Year Built

  • Built in 1900

Lot Details

  • 27.38 Acre Lot
  • Landscaped
  • Property is zoned Agri/ Residential

Property Views

  • Panoramic
  • Scenic Vista
  • Park or Greenbelt

Home Design

  • Stone Foundation
  • Frame Construction
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 2,048 Sq Ft Home
  • 1.5-Story Property
  • Built-in Bookshelves
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • Family Room
  • First Floor Utility Room
  • Storage

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Basement

  • Sump Pump
  • Basement Cellar

Outdoor Features

  • River Nearby
  • Pond
  • Enclosed Patio or Porch
  • Pole Barn

Farming

  • Hobby or Recreation Farm

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 881401000001004013

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,010

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Improvements: 85700
  • Additional Assessor Parcel Numbers: 882436000008007021
  • Annual Tax: 1010
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Foundation: Rock
  • Land Assessment: 107950
  • Legal Description: PT NE 1-1-4-17. 104 acres SP SE 36-2-4 4.16 acres PT NE 1-1-4 6.12 acres
  • Numof Fireplaces: 1
  • Out Buildings: Barn(s)
  • Parcel Number: 881401000001004013
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 193650
  • Total Deduction Amnt: 57040
  • Total Finished Square Footage: 2048
  • Type: 1.5 Story
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Cellar
  • Above Grade Finished Sq Ft: 2048.00
  • Appliances: Dishwasher, Disposal, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 4
  • Fireplace: Woodburning
  • Interior Amenities: 1st Floor Master, 1st Floor Utility, Added Storage, Blinds, Built-In Bookcase, Ceiling Fan(s), Eat-In Kitchen, Family Room, Kitchen Island, Sump Pump
  • Lot Sq Ft: 1192847.04
  • Room Count: 7
  • Sewer Type: Septic Onsite
  • Total Sq Ft: 2048
  • Total Rooms: 7

Exterior Features

  • Exterior Features: Enclosed Porch, Landscaped, Patio, Stone, Wood

Garage/Parking

  • Garage Type: Pole Barn

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Lp Gas
  • Heat Type: Forced Air
  • Water: Pond
  • Water Type: Public Onsite

Schools

  • School District: Salem Comm.

Lot Info

  • Acres: 27.3840
  • Farm Type: Gentleman
  • Lot Description: Adj River/Stream/Crk, Panoramic View, Park-Like View, Scenic View
  • Zoning: Agri/ Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2017
Closed on
Dec 5, 2017
Sold by
Stites Ruth and Stites Michael Aaron
Bought by
Mitchell Marshall Dale and Mitchell Sonya
Seller's Agent
Sherri Probus
RE/MAX FIRST
Buyer's Agent
Sherri Probus
RE/MAX FIRST
List Price
$199,900
Sold Price
$205,000
Premium/Discount to List
$5,100
2.55%
Current Estimated Value
$328,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,348
Avg. Annual Appreciation
3.42%
Original Mortgage
$164,000
Outstanding Balance
$139,473
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$127,004

Purchase Details

Listed on
Aug 15, 2017
Closed on
Nov 15, 2017
Sold by
Ruth Stites
Bought by
Dale Mitchell Marshall
Seller's Agent
Sherri Probus
RE/MAX FIRST
Buyer's Agent
Sherri Probus
RE/MAX FIRST
List Price
$199,900
Sold Price
$205,000
Premium/Discount to List
$5,100
2.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Outstanding Balance
$139,473
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$127,004

Purchase Details

Closed on
Nov 8, 2010
Sold by
Dubay Jessica and Bryan Daniel
Bought by
Stltes Michnel and Stltes Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,772
Interest Rate
4.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2006
Sold by
Howse Tami and Williams Tami L
Bought by
Dubay Jessica and Bryan Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.34%
Mortgage Type
New Conventional
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
Mitchell Marshall Dale -- None Available
Dale Mitchell Marshall $202,400 --
Stltes Michnel -- None Available
Dubay Jessica -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Marshall Dale $164,000
Previous Owner Stltes Michnel $123,772
Previous Owner Dubay Jessica $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2017 11/15/17 Sold $205,000 -12.8% $100 / Sq Ft
10/13/2017 10/13/17 Price Changed $235,000 +14.6% $115 / Sq Ft
10/11/2017 10/11/17 Pending -- -- --
08/21/2017 08/21/17 Off Market $205,000 -- --
08/15/2017 08/15/17 For Sale $199,900 -- $98 / 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 $1,806 $176,900 $46,900 $130,000
2023 $1,655 $162,800 $42,400 $120,400
2022 $1,437 $142,900 $37,700 $105,200
2021 $1,235 $127,000 $35,200 $91,800
2020 $1,172 $122,200 $35,100 $87,100
2019 $1,204 $124,900 $38,300 $86,600
2018 $1,168 $124,700 $39,000 $85,700
2017 $1,101 $127,500 $41,800 $85,700
2016 $1,010 $119,100 $43,000 $76,100
2014 $974 $120,400 $46,900 $73,500
2013 $772 $108,500 $43,000 $65,500
Source: Public Records

Agents Affiliated with this Home

  • Sherri Probus

    Seller's Agent in 2017

    Sherri Probus

    RE/MAX

    (502) 594-1780

    41 Total Sales

    Sherri Probus
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 201708846

Southern Indiana REALTORS® Association

APN: 88-14-01-000-001.004-013

Indiana Washington County Salem 47167

4722 E Farabee Rd, Salem, IN

This home is located at 4722 E Farabee Rd, Salem, IN 47167 since 15 August 2017 and is currently estimated at $328,348, approximately $160 per square foot. This property was built in 1900. 4722 E Farabee Rd is a home located in Washington County with nearby schools including East Washington Elementary School, East Washington Middle School, and Eastern High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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