NOT LISTED FOR SALE

5117 E Farabee Rd Salem, IN 47167

Estimated Value: $185,000 - $420,251

3 Beds
3 Baths
1,128 Sq Ft
$268/Sq Ft Est. Value

Last Sold March 19, 2015

Last sale price $250,000 $222 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,897/month

132 Days on Market

Highlights

  • Barn
  • Scenic Views
  • Open Floorplan
  • East Washington Elementary School Rated 9+
  • 76.6 Acre Lot
  • Deck

About This Home

As of March 2015

Over 76 acres! Property features a 3 BR, 3 BA home on a full walkout basement, 40 acres tillable, balance wooded, large barn, equipment barn and a spring fed creek. Just minutes to the Metro area! Seller will possibly split home and 5 ac!!!

Last Agent to Sell the Property

Melanie Wells

HOOSIER REALTY License #RB14039742 Listed on: 09/30/2014

Last Buyer's Agent

Ray Lamm

Semonin REALTORS License #RB14043870

Semonin REALTORS

Property Details

Home Type

  • Mobile/Manufactured

Est. Annual Taxes

  • $1,755

Year Built

  • Built in 1997

Lot Details

  • 76.6 Acre Lot
  • Fenced Yard
  • Secluded Lot
  • Wooded Lot

Home Design

  • Poured Concrete

Interior Spaces

  • 1,128 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Scenic Vista Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range

Bedrooms and Bathrooms

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

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio
  • Outdoor Gas Grill

Farming

  • Barn
  • Cattle

Mobile Home

  • Double Wide

Utilities

  • Forced Air Heating and Cooling System
  • Spring water is a source of water for the property
  • Electric Water Heater
  • On Site Septic

Listing and Financial Details

  • Assessor Parcel Number 881506000005000015

Property Details

Home Type

Mobile/Manufactured

Est. Annual Taxes

$1,755

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Improvements: 56900
  • Annual Tax: 1755
  • Appointment: Mandatory
  • Construction: Manufd. Double Wide
  • Deduction Type: Homestead Standard, Supplemental Homestd
  • Foundation: Poured Concrete
  • Land Assessment: 97200
  • Legal Description: SEC:000 DIST:0015 CITY/MUNI/TWP: TOWNSHIP PT NW 6-1-5 4.754 AC PT WH NW 6-1-5 63.627 ACR
  • Lot Dimensions: 76.59
  • Out Buildings: Barn(s)
  • Parcel Number: 881506000005000015
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 154100
  • Total Finished Square Footage: 1128
  • Type: 1 Story
  • Year Built: 1997
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Full, Unfinished, Walkout
  • Above Grade Finished Sq Ft: 1128.00
  • Appliances: Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Interior Amenities: 1st Floor Master, Bath Master, Breakfast Bar, Cath/Vaul/Tray Ceil, Ceiling Fan(s), Eat-In Kitchen, Open Floor Plan, Split Bedrooms, Walk-In Closet(s)
  • Lot Measurement: Acres
  • Lot Sq Ft: 3336522.00
  • Room Count: 7
  • Sewer Type: Septic Onsite
  • Total Sq Ft: 1128
  • Total Rooms: 5

Exterior Features

  • Exterior Features: Deck, Fenced Yard, Gas Grill Hookup, Patio

Garage/Parking

  • Garage Spaces: 0

Utilities

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

Schools

  • School District: East Washington

Lot Info

  • Acres: 76.6000
  • Farm Type: Cattle
  • Lot Description: Gren, Scenic View, Secluded Lot, Sprn, Wooded Lot
  • Zoning: Agri/ Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2014
Closed on
Mar 19, 2015
Sold by
Payne John
Bought by
Norris Nathan
Seller's Agent
Melanie Wells
HOOSIER REALTY
Buyer's Agent
Ray Lamm
Semonin REALTORS
List Price
$299,000
Sold Price
$250,000
Premium/Discount to List
-$49,000
-16.39%
Current Estimated Value
$302,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,626
Avg. Annual Appreciation
1.62%
Original Mortgage
$112,500
Outstanding Balance
$60,458
Interest Rate
1.5%
Mortgage Type
USDA
Estimated Equity
$235,198
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
Norris Nathan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norris Nathan William $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2015 03/19/15 Sold $250,000 -16.4% $222 / Sq Ft
02/09/2015 02/09/15 Pending -- -- --
09/30/2014 09/30/14 For Sale $299,000 -- $265 / 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 $3,015 $236,500 $120,000 $116,500
2023 $2,705 $211,200 $103,300 $107,900
2022 $2,467 $187,500 $85,800 $101,700
2021 $2,141 $162,600 $76,600 $86,000
2020 $2,132 $158,200 $76,200 $82,000
2019 $2,308 $164,800 $88,500 $76,300
2018 $2,277 $164,200 $90,600 $73,600
2017 $1,922 $156,000 $101,200 $54,800
2016 $1,942 $156,800 $105,900 $50,900
2014 $2,049 $169,100 $109,900 $59,200
2013 $1,755 $154,100 $97,200 $56,900
Source: Public Records

Agents Affiliated with this Home

  • Melanie Wells

    Seller's Agent in 2015

    Melanie Wells

    HOOSIER REALTY

    (812) 620-3018

    77 Total Sales

    Melanie Wells
    Section Image
  • Ray Lamm

    Buyer's Agent in 2015

    Ray Lamm

    Semonin Realty

    (502) 420-5000

    60 Total Sales

    Ray Lamm
    Section Image
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 201407053

Southern Indiana REALTORS® Association

APN: 88-15-06-000-005.000-015

Indiana Washington County Salem 47167

5117 E Farabee Rd, Salem, IN

This home is located at 5117 E Farabee Rd, Salem, IN 47167 since 30 September 2014 and is currently estimated at $302,626, approximately $268 per square foot. This property was built in 1997. 5117 E Farabee Rd is a home located in Washington County with nearby schools including East Washington Elementary School, East Washington Middle School, and Eastern 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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