NOT LISTED FOR SALE

4823 E Farabee Rd Salem, IN 47167

Estimated Value: $49,271 - $137,000

5.78 Acres
$12,728 Price per Acre
251,777 Sq Ft Lot

Last Sold November 11, 2022

Last sale price $45,000 $33 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $420/month

133 Days on Market

About This Lot

As of November 2022

Build your dream home on this 5.7 acre wooded property! Private and quiet! Property does have a structure on it, but it is a tear down. Call today! This property does have water, electric, and septic; just haven't been used in quite some time.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $425

Lot Details

  • 5.78 Acre Lot
  • Finished Lot(s)

Schools

  • Bradie M Shrum Elementary School
  • Salem Middle School
  • Salem High School

Community Details

  • Nally Farm Division Subdivision

Listing and Financial Details

  • Assessor Parcel Number 88-14-01-000-001.001-013

Property Details

Property Type

Land

Est. Annual Taxes

$425

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Legal Description: 18-01-100-001.001-09 PT NE 1-1-4 5.778ac
  • Parcel Number ID: 88-14-01-000-001.001-013
  • Platted: Yes
  • Road Surface: Paved
  • Sp Lp Percent: 75.63
  • Parcel Description: Partially Wooded
  • Type of Sale: Traditional
  • Type Use: Residential
  • Year Taxes Payable: 2021/2022
  • Special Features: None

Utilities

  • Water Utilities: Unknown

Schools

  • School District: Salem Community Schools
  • Elementary School: Bradie M Shrum
  • Middle School: Salem
  • High School: Salem
  • Elementary School: Bradie M Shrum

Lot Info

  • Lot Dimensions: 5.78
  • Estimated Lot Sq Ft: 251777
  • Estimated Lot Size Acres: 5.78

Tax Info

  • Annual Taxes: 425

MLS Schools

  • High School: Salem
  • Middle School: Salem
  • School District: Salem Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2022
Closed on
Nov 11, 2022
Sold by
Salem Property Investments Inc
Bought by
Moore Edward David and Moore Tammy
List Price
$59,500
Sold Price
$45,000
Premium/Discount to List
-$14,500
-24.37%
Current Estimated Value
$73,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,568
Avg. Annual Appreciation
26.98%

Purchase Details

Closed on
Feb 17, 2015
Sold by
Hines James W and Fox Renee
Bought by
Salem Property Investments

Purchase Details

Closed on
Oct 3, 2006
Sold by
Deutsche Bank National Trust Co
Bought by
Fox Renee and Hines James
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Moore Edward David $45,000 --
Salem Property Investments $10,000 None Available
Fox Renee -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2022 11/11/22 Sold $45,000 -24.4% $33 / Sq Ft
11/02/2022 11/02/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $59,500 -- $43 / Sq Ft
Source: Indiana Regional MLS

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 $235 $13,200 $13,200 $0
2023 $203 $11,000 $11,000 $0
2022 $168 $22,200 $22,200 $0
2021 $424 $21,200 $21,200 $0
2020 $422 $26,100 $26,100 $0
2019 $539 $27,500 $27,500 $0
2018 $548 $42,900 $39,100 $3,800
2017 $1,287 $80,400 $39,100 $41,300
2016 $1,127 $78,100 $39,100 $39,000
2014 $859 $65,700 $28,300 $37,400
2013 $999 $75,400 $39,100 $36,300
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 202226283

Indiana Regional MLS

APN: 88-14-01-000-001.001-013

Indiana Washington County Salem 47167

4823 E Farabee Rd, Salem, IN

This home is located at 4823 E Farabee Rd, Salem, IN 47167 since 22 June 2022 and is currently estimated at $73,568, approximately $53 per square foot. 4823 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.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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