NOT LISTED FOR SALE

503 W Market St Salem, IN 47167

Estimated Value: $124,000 - $216,000

3 Beds
2.5 Baths
3,198 Sq Ft
$57/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $90,000 $28 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,129/month

68 Days on Market

Highlights

  • City Lights View
  • 2 Fireplaces
  • Formal Dining Room
  • Deck
  • Sun or Florida Room
  • 1-minute walk to Rielys Park

About This Home

As of August 2020

Wonderfully large home with 2 car attd garage on the historic Market Street hill with a view of the courthouse and beautiful downtown Salem Square!! This home needs only a little TLC, but has an abundance of possibilities. 3 bedrooms and 2-1/2 baths!! First level wood flooring has been refinished. Massive family room has unique brick floors and a fireplace, and tall thermopane windows for natural light. Small sunroom walks out to the deck area (deck in need of full repair). Ornate staircase leads you up to the second floor with 2 bedrooms and a full bath. Attached garage will house 2 cars and has an extra storage area. Call for your appointment before it's too late!

Last Agent to Sell the Property

Lori Gilstrap

The Day Company REALTORS License #RB14047190 Listed on: 05/30/2020

Last Buyer's Agent

Lori Gilstrap

The Day Company REALTORS License #RB14047190 Listed on: 05/30/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,699

Year Built

  • Built in 1880

Lot Details

  • 0.32

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 3,198 Sq Ft Home
  • 1.5-Story Property
  • 2 Fireplaces
  • Formal Dining Room
  • Sun or Florida Room
  • Storage
  • City Lights Views
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Shed

Additional Features

  • 0.32 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 882417332084000022

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,699

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Improvements: 69100
  • Additional Parking: Off Street
  • Annual Tax: 1699
  • Appointment: Not Needed
  • Construction: Existing, Frame On-Site
  • Foundation: Rock
  • Land Assessment: 15300
  • Legal Description: DEP. PT LOT 205
  • Numof Fireplaces: 2
  • Out Buildings: Shed
  • Parcel Number: 882417332084000022
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 84400
  • Total Finished Square Footage: 3198
  • Type: 1.5 Story
  • Year Built: 1880
  • Special Features: None

Interior Features

  • Water Heater: Unknown
  • Basement Type: Partial, Unfinished
  • Above Grade Finished Sq Ft: 3198.00
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Fireplace: Unknown
  • Interior Amenities: Added Storage, Formal Dining Rm
  • Lot Sq Ft: 13939.20
  • Room Count: 14
  • Sewer Type: Sewer
  • Total Sq Ft: 3198
  • Total Rooms: 11

Exterior Features

  • Exterior Features: Deck, Enclosed Porch, Sunroom, Vinyl Siding

Garage/Parking

  • Garage Type: Attached, Rear Entry
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Unknown
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.3200
  • Lot Description: City Lights View
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2021
Sold by
Seifres Thomas E and Eddie R Apple Trust
Bought by
Kost Amy L
Current Estimated Value
$181,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,372
Outstanding Balance
$17,894
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$165,999
Source: Public Records

Range of Values:

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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
Kost Amy L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kost Amy L $19,372
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $90,000 -9.9% $28 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
07/17/2020 07/17/20 Price Changed $99,900 -9.1% $31 / Sq Ft
05/30/2020 05/30/20 For Sale $109,900 -- $34 / 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 $1,687 $168,700 $15,300 $153,400
2023 $1,558 $153,000 $15,300 $137,700
2022 $1,336 $135,000 $15,300 $119,700
2021 $1,324 $133,500 $15,300 $118,200
2020 $2,535 $126,200 $15,300 $110,900
2019 $1,699 $128,700 $15,300 $113,400
2018 $1,357 $118,300 $15,300 $103,000
2017 $1,463 $127,500 $15,300 $112,200
2016 $685 $118,200 $15,300 $102,900
2014 $1,273 $116,400 $13,000 $103,400
2013 $1,132 $112,600 $15,300 $97,300
Source: Public Records

Agents Affiliated with this Home

  • Lori Gilstrap

    Seller's Agent in 2020

    Lori Gilstrap

    The Day Company REALTORS

    (812) 620-0392

    37 in this area

    101 Total Sales

    Lori Gilstrap
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202008157

Southern Indiana REALTORS® Association

APN: 88-24-17-332-084.000-022

Indiana Washington County Salem 47167

503 W Market St, Salem, IN

This home is located at 503 W Market St, Salem, IN 47167 since 30 May 2020 and is currently estimated at $181,505, approximately $56 per square foot. This property was built in 1880. 503 W Market St is a home located in Washington County with nearby schools including Bradie M. Shrum Lower Elementary School, Salem Middle School, and Salem 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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