NOT LISTED FOR SALE

506 W Market St Salem, IN 47167

Estimated Value: $149,000 - $184,183

3 Beds
2 Baths
1,821 Sq Ft
$94/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $116,000 $64 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,018/month

Highlights

  • City Lights View
  • Den
  • First Floor Utility Room
  • Corner Lot
  • Covered Patio or Porch
  • 2-minute walk to Rielys Park

About This Home

As of August 2020

GREAT LOCATION in SALEM! 1-1/2 STORY HOME - 3 BEDROOM HOME, and OFFICE with 8 x 32 COVERED FRONT PORCH on a CORNER LOT with over 1,800 TFLS!! ENCLOSED BACK PORCH. KITCHEN, with ALL APPLIANCES to STAY. UPGRADES TO HOME: WATER HEATER/NEW MAY 2019, 50 gal., HVAC SYSTEM/NEW 2018. NEW CARPET THROUGHOUT 2019. NEW BATHROOM FLOORING UPSTAIRS 2019. BLINDS and WINDOW TREATMENTS to STAY. Property being SOLD AS-IS. Inspections are welcome at Buyer's expense. SELLER(S) WILL MAKE NO INSPECTION REPAIRS. Square footage, room sizes are approx., acreage, and school system. Buyer(s) should verify. Walking distance to RILEY'S PARK, and SALEM Public Square. Special Note: The 1 Bedroom on Main Level DOES NOT have a closet, and has an open doorway adjoining the other room that could be made into a 4th BEDROOM. TOTAL (2) PARCELS.

Last Agent to Sell the Property

Tammie McIntyre

Brixton Realty License #RB14039030 Listed on: 05/11/2020

Last Buyer's Agent

Evan Hunt

Knobstone Properties LLC License #RB14043215

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,532

Year Built

  • Built in 1922

Lot Details

  • 10,454 Sq Ft Lot
  • Landscaped
  • Corner Lot

Parking

  • Off-Street Parking

Home Design

  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 1,821 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Blinds
  • Window Screens
  • Formal Dining Room
  • Den
  • First Floor Utility Room
  • Utility Room
  • City Lights Views
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 882417333015000022

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,532

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Improvements: 64600
  • Additional Parking: Off Street
  • Additional Assessor Parcel Numbers: 882417333016000022
  • Annual Tax: 1532
  • Appointment: Not Needed
  • Construction: Existing
  • Foundation: Rock
  • Land Assessment: 11600
  • Legal Description: DEP. PT LOT 206 & DEPAUW 3 PT LOT 206
  • Lot Dimensions: see lot size
  • Parcel Number: 882417333015000022
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 76200
  • Total Finished Square Footage: 1821
  • Type: 1.5 Story
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Partial, Unfinished
  • Above Grade Finished Sq Ft: 1821.00
  • Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Disposal, Microwave, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Interior Amenities: 1st Floor Utility, Blinds, Cable Wired, Ceiling Fan(s), Den/Office, Formal Dining Rm, Pantry, Split Bedrooms, Utility/Mud Room, Walk-In Closet(s)
  • Lot Sq Ft: 10454.40
  • Room Count: 10
  • Sewer Type: Sewer
  • Total Sq Ft: 1821
  • Total Rooms: 8

Exterior Features

  • Exterior Features: Covered Porch, Landscaped, Screens, Vinyl Siding
  • Road Frontage: 69'

Utilities

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

Schools

  • School District: Salem Comm.

Lot Info

  • Acres: 0.2400
  • Lot Description: Corner Lot, City Lights View
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2022
Sold by
Jean Mccutcheon Diana
Bought by
Pelston Matthew Douglas and Pelston Presley A
Current Estimated Value
$171,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Outstanding Balance
$107,821
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$86,375

Purchase Details

Listed on
May 11, 2020
Closed on
Aug 31, 2020
Sold by
Gruesbeck Kirk M and Gruesbeck Marietta R
Bought by
Mccutcheon Diana Jean
Seller's Agent
Tammie McIntyre
Brixton Realty
Buyer's Agent
Evan Hunt
Knobstone Properties LLC
List Price
$114,500
Sold Price
$116,000
Premium/Discount to List
$1,500
1.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.74%
Original Mortgage
$104,400
Interest Rate
3%
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
Pelston Matthew Douglas -- Maudlin Lewis
Mccutcheon Diana Jean $116,000 Signature Title Co Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pelston Matthew Douglas $112,500
Previous Owner Mccutcheon Diana Jean $104,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $116,000 +1.3% $64 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $114,500 0.0% $63 / Sq Ft
05/11/2020 05/11/20 Pending -- -- --
05/11/2020 05/11/20 Price Changed $114,500 +4.6% $63 / Sq Ft
05/05/2020 05/05/20 For Sale $109,500 -- $60 / 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 $1,289 $128,900 $10,800 $118,100
2023 $1,166 $116,600 $10,800 $105,800
2022 $1,026 $102,600 $10,800 $91,800
2021 $938 $93,800 $10,800 $83,000
2020 $694 $76,800 $10,800 $66,000
2019 $1,508 $75,400 $10,800 $64,600
2018 $1,382 $69,100 $10,800 $58,300
2017 $1,422 $71,100 $10,800 $60,300
2016 $464 $65,800 $10,800 $55,000
2014 $419 $65,200 $10,800 $54,400
2013 $380 $63,300 $10,800 $52,500
Source: Public Records

Agents Affiliated with this Home

  • Tammie McIntyre

    Seller's Agent in 2020

    Tammie McIntyre

    Brixton Realty

    (812) 620-2248

    18 in this area

    94 Total Sales

    Tammie McIntyre
    Section Image

  • E

    Buyer's Agent in 2020

    Evan Hunt

    Knobstone Properties LLC

    (812) 620-1496

    7 in this area

    66 Total Sales

    Evan Hunt
    Section Image
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202007448

Southern Indiana REALTORS® Association

APN: 88-24-17-333-015.000-022

Indiana Washington County Salem 47167

506 W Market St, Salem, IN

This home is located at 506 W Market St, Salem, IN 47167 since 11 May 2020 and is currently estimated at $171,046, approximately $93 per square foot. This property was built in 1922. 506 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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