NOT LISTED FOR SALE

507 N College Ave Salem, IN 47167

Estimated Value: $118,924 - $137,000

3 Beds
1 Bath
1,068 Sq Ft
$118/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $98,900 $93 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $772/month

2 Days on Market

Highlights

  • 1-Story Property
  • Forced Air Heating and Cooling System
  • Vinyl Flooring

About This Home

As of May 2021

This home is located at 507 N College Ave, Salem, IN 47167 since 14 April 2021 and is currently estimated at $126,231, approximately $118 per square foot. This property was built in 1930. 507 N College Ave is a home located in Washington County with nearby schools including Bradie M. Shrum Lower Elementary School, Salem Middle School, and Salem High School.

Last Agent to Sell the Property

Sherri Purkhiser

Day Company REALTORS Listed on: 04/14/2021

Last Buyer's Agent

Lori Gilstrap

Day Company REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $614

Year Built

  • Built in 1930

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Concrete Siding

Interior Spaces

  • 1,068 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 88-24-17-113-071.000-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$614

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1930
  • Age: 91
  • Style: One Story
  • Total Number of Rooms: 3
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: MCMAHAN S PT LOT 4
  • Parcel Number ID: 88-24-17-113-071.000-022
  • Platted: Yes
  • Sp Lp Percent: 104.21
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1068
  • Total Finished Sq Ft: 1068
  • Above Grade Finished Sq Ft: 1068
  • Price Per Sq Ft: 92.6
  • Flooring: Laminate, Vinyl
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 11x12, On Level: Main
  • Bedroom 3: Dimensions: 10x12, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Concrete
  • Outbuilding1: None

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public

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 Description: 0-2.9999
  • Lot Dimensions: .12 AC
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12
  • Lot Number: 4

Tax Info

  • Annual Taxes: 614
  • Total Assessed Value: 30700

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
Apr 14, 2021
Closed on
May 28, 2021
Sold by
Fultz Tom D and Fultz Roxanne L
Bought by
Hankins Laura M
Seller's Agent
Sherri Purkhiser
Day Company REALTORS
Buyer's Agent
Lori Gilstrap
Day Company REALTORS
List Price
$94,900
Sold Price
$98,900
Premium/Discount to List
$4,000
4.21%
Current Estimated Value
$126,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,331
Avg. Annual Appreciation
5.74%
Original Mortgage
$101,010
Outstanding Balance
$91,452
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$34,779

Purchase Details

Closed on
Mar 17, 2021
Sold by
Fultz Tom D and Fultz Roxanne L
Bought by
Fultz Tom D and Fultz Roxanne L

Purchase Details

Closed on
Oct 16, 2015
Sold by
Deaton Diane
Bought by
Fultz Tom and Fultz Roxanne

Purchase Details

Closed on
Jun 5, 2012
Sold by
Deaton Diane and Estate Of Joyce W Cain
Bought by
Deaton Diane
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
Hankins Laura M $98,900 None Available
Fultz Tom D -- None Available
Fultz Tom -- None Available
Deaton Diane -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hankins Laura M $101,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $98,900 +4.2% $93 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $94,900 -- $89 / 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 $1,200 $60,000 $7,800 $52,200
2023 $1,092 $54,600 $7,800 $46,800
2022 $362 $36,200 $7,800 $28,400
2021 $335 $33,500 $7,800 $25,700
2020 $638 $31,900 $7,800 $24,100
2019 $614 $30,700 $7,800 $22,900
2018 $570 $28,500 $7,800 $20,700
2017 $534 $26,700 $7,800 $18,900
2016 $500 $25,000 $7,800 $17,200
2014 $505 $25,200 $7,800 $17,400
2013 $495 $24,700 $7,800 $16,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sherri Purkhiser

    Day Company REALTORS

    Section Image

  • L

    Buyer's Agent in 2021

    Lori Gilstrap

    Day Company REALTORS

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202112819

Indiana Regional MLS

APN: 88-24-17-113-071.000-022

Indiana Washington County Salem 47167

507 N College Ave, Salem, IN

This home is located at 507 N College Ave, Salem, IN 47167 since 14 April 2021 and is currently estimated at $126,231, approximately $118 per square foot. This property was built in 1930. 507 N College Ave 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.

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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