NOT LISTED FOR SALE

508 S Main St Salem, IN 47167

Estimated Value: $132,000 - $170,524

4 Beds
1 Bath
2,091 Sq Ft
$73/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $100,000 $48 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $899/month

Highlights

  • City Lights View
  • Corner Lot
  • Formal Dining Room
  • Main Floor Primary Bedroom
  • Covered Patio or Porch
  • 1 Car Detached Garage

About This Home

As of August 2022

THIS IS YOUR OPPORTUNITY TO HAVE A RESDIENCE OR YOUR COMMERCIAL DREAM COME TRUE.....DOWNTOWN HEART OF SALEM IN THE HUSTLE & BUSTLE VERY HIGH TRAFFIC AREA.... Front row seat for all the parades, turn of the century era home has the best quality craftmanship, hardwood trim heavy large & never painted. 2 full size pocket doors, all original hardwood throughout entire first floor. Front & side covered porch, detached garage. Look at this beauty today.

Last Agent to Sell the Property

Sherri Purkhiser

The Day Company REALTORS License #RB14045641 Listed on: 07/17/2022

Last Buyer's Agent

Sherri Purkhiser

The Day Company REALTORS License #RB14045641 Listed on: 07/17/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,524

Year Built

  • Built in 1940

Lot Details

  • 10,454 Sq Ft Lot
  • Corner Lot
  • Garden
  • Property is zoned Commercial

Parking

  • 1 Car Detached Garage
  • On-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Wood Siding
  • Wood Trim
  • Vinyl Siding

Interior Spaces

  • 2,091 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Storage
  • City Lights Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 882420221014000022

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,524

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Improvements: 63100
  • Additional Parking: On Street
  • Annual Tax: 1524
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Foundation: Rock
  • Land Assessment: 13100
  • Legal Description: R.C. MORRIS W PT LOT 23 R.C. MORRIS W PT LOT 24 (6' ALONG N-SIDE PT LOT # 23 R C MORRIS ADD. 72', ORD # 1397, 7/27/11 RECORDED 2011-2461)
  • Lot Dimensions: .24
  • Numof Fireplaces: 1
  • Out Buildings: Garage
  • Parcel Number: 882420221014000022
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 76200
  • Total Finished Square Footage: 2091
  • Type: 1.5 Story
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Full, Unfinished
  • Above Grade Finished Sq Ft: 2091.00
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 4
  • Fireplace: Woodburning
  • Interior Amenities: 1st Floor Master, Added Storage, Ceiling Fan(s), Eat-In Kitchen, Family Room, Formal Dining Rm, Foyer, Natural Wood Trim, Sump Pump
  • Lot Sq Ft: 10454.40
  • Room Count: 10
  • Sewer Type: Sewer
  • Total Sq Ft: 2091
  • Total Rooms: 9

Exterior Features

  • Exterior Features: Covered Porch, Public Sidewalk, Vinyl Siding, Wood

Garage/Parking

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

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, Garden Area
  • Zoning: Residential, Commercial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2022
Closed on
Aug 26, 2022
Sold by
Miller Jerry L and Miller Barry E
Bought by
Knoy Jerry A
Seller's Agent
Sherri Purkhiser
The Day Company REALTORS
Buyer's Agent
Sherri Purkhiser
The Day Company REALTORS
List Price
$104,900
Sold Price
$100,000
Premium/Discount to List
-$4,900
-4.67%
Views
17
Current Estimated Value
$151,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,881
Avg. Annual Appreciation
14.33%
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
Knoy Jerry A -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2022 08/26/22 Sold $100,000 0.0% $48 / Sq Ft
08/26/2022 08/26/22 Sold $100,000 -4.7% $48 / Sq Ft View Prior Sale
08/01/2022 08/01/22 Pending -- -- --
08/01/2022 08/01/22 Pending -- -- --
07/17/2022 07/17/22 For Sale $104,900 0.0% $50 / Sq Ft
06/14/2022 06/14/22 Price Changed $104,900 -4.5% $50 / Sq Ft
05/05/2022 05/05/22 Price Changed $109,900 -8.3% $53 / Sq Ft
03/02/2022 03/02/22 Price Changed $119,900 -14.3% $57 / Sq Ft
12/17/2021 12/17/21 For Sale $139,900 -- $67 / 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 $1,088 $108,800 $13,100 $95,700
2023 $992 $99,200 $13,100 $86,100
2022 $882 $88,200 $13,100 $75,100
2021 $1,604 $80,200 $13,100 $67,100
2020 $1,524 $76,200 $13,100 $63,100
2019 $1,466 $73,300 $13,100 $60,200
2018 $0 $67,600 $13,100 $54,500
2017 $0 $72,100 $13,100 $59,000
2016 -- $66,900 $13,100 $53,800
2014 -- $65,300 $12,400 $52,900
2013 -- $64,400 $13,100 $51,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2022010603

Southern Indiana REALTORS® Association

APN: 88-24-20-221-014.000-022