$32,000
SOLD OCT 10, 2025

506 E Mulberry St Salem, IN 47167

2 Beds
1 Bath
1,024 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

36% Below List Price

4 Days on Market

About This Home

As of October 2025

Investment opportunity! Check out this property in Salem, Indiana, just minutes from the downtown Square. The property sits on the corner of a dead-end road, adjacent to a newly paved scenic walking trail. The house requires renovation and is awaiting your personal touch. A lean-to is situated between the home and the garage. Schedule your showing today.

Last Agent to Sell the Property

Mike Ashby

License #RB22000417 Listed on: 09/21/2025

Last Buyer's Agent

Mike Ashby

License #RB22000417 Listed on: 09/21/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Parking

  • 1 Car Detached Garage

Home Design

  • 1,024 Sq Ft Home
  • Frame Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • 7,841 Sq Ft Lot
  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 0220012117

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Annual Tax: 866
  • Appointment: Not Needed
  • Construction: Frame On-Site
  • Legal Description: HAYS S PT LOT 34
  • Parcel Number: 0220012117
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total Finished Square Footage: 1024
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Above Grade Finished Sq Ft: 1024.00
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Lot Sq Ft: 7840.80
  • Sewer Type: Sewer
  • Total Sq Ft: 1024

Garage/Parking

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

Utilities

  • Fuel Type: Gas
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.1800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2025
Closed on
Oct 9, 2025
Sold by
Ritchie Clyde Wayne and Ritchie Itza A
Bought by
Moran Kimberly
Seller's Agent
Mike Ashby
Buyer's Agent
Mike Ashby
List Price
$50,000
Sold Price
$32,000
Premium/Discount to List
-$18,000
-36%
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18565.18%

Purchase Details

Listed on
Sep 9, 2022
Closed on
Nov 7, 2022
Sold by
Lucas Troy L
Bought by
Ritchie Clyde Wayne and Ritchie Itza A
Seller's Agent
Mike Ashby
Buyer's Agent
Mike Ashby
List Price
$29,900
Sold Price
$19,000
Premium/Discount to List
-$10,900
-36.45%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.47%

Purchase Details

Closed on
Mar 3, 2011
Sold by
Flick Scott
Bought by
Lucas Troy L and Lucas Teresa A

Purchase Details

Closed on
Jan 25, 2008
Sold by
Hsbc Mortgage Corp
Bought by
Flick Scott

Purchase Details

Closed on
Oct 24, 2007
Sold by
Bartron Thelma D
Bought by
Hsbc Mortgage Corp
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $19,000 --
Warranty Deed -- None Available
Special Warranty Deed -- None Available
Sheriffs Deed $20,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2025 10/10/25 Sold $32,000 -36.0% $31 / Sq Ft
09/25/2025 09/25/25 Pending -- -- --
09/21/2025 09/21/25 For Sale $50,000 +163.2% $49 / Sq Ft
11/07/2022 11/07/22 Sold $19,000 -36.5% $19 / Sq Ft View Prior Sale
10/18/2022 10/18/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $29,900 -- $29 / 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 $886 $44,300 $11,100 $33,200
2023 $828 $41,400 $11,100 $30,300
2022 $389 $38,900 $11,100 $27,800
2021 $361 $36,100 $11,100 $25,000
2020 $306 $30,600 $11,100 $19,500
2019 $297 $29,700 $11,100 $18,600
2018 $280 $28,000 $11,100 $16,900
2017 $330 $39,700 $11,100 $28,600
2016 $266 $37,700 $11,100 $26,600
2014 $754 $37,700 $11,100 $26,600
2013 $726 $36,300 $11,100 $25,200
Source: Public Records

Agents Affiliated with this Home

  • Mike Ashby

    Seller's Agent in 2025

    Mike Ashby

    (502) 439-9601

    24 in this area

    106 Total Sales

    Mike Ashby
    Section Image
  • Mary Finkle

    Seller Co-Listing Agent in 2022

    Mary Finkle

    Mainstreet REALTORS

    (812) 883-9555

    117 in this area

    442 Total Sales

    Mary Finkle
    Section Image
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2025011282

Southern Indiana REALTORS® Association

APN: 88-24-17-442-040.000-022

Indiana Washington County Salem 47167

506 E Mulberry St, Salem, IN

Sold

Detached

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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