NOT LISTED FOR SALE

531 Colony Dr Salem, IN 47167

Estimated Value: $138,000 - $165,159

3 Beds
1 Bath
1,092 Sq Ft
$139/Sq Ft Est. Value

Last Sold June 20, 2024

Last sale price $145,000 $133 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $916/month

1 Day on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • 1 Car Attached Garage

About This Home

As of June 2024

Come take a look at this adorable home in a quiet neighborhood in Salem! 100% USDA financing available! Whether you're a first time home buyer or looking for an investment, this 3 bedroom 1 bath home is a great choice. Fenced back yard has mature trees that provide plenty of shade. Shed in backyard for added storage for yard equipment.

Last Agent to Sell the Property

Rachel Dreyer

Keller Williams Louisville East License #199312 Listed on: 05/13/2024

Keller Williams Louisville East

Last Buyer's Agent

NON MEMBER

NON-MEMBER OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,051

Year Built

  • Built in 1979

Lot Details

  • Chain Link Fence

Parking

  • 1 Car Attached Garage
  • 1 Carport Space

Home Design

  • Shingle Roof

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 882408444027000022
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,051

Year Built

Built in 1979

Lot Details

0

Parking

1

Listing Details

  • Cooling System: Wall/Window Unit(s), Central Air
  • Stories: 1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Garage Yn: Yes
  • Subdivision Name: NONE
  • Above Grade Finished Sq Ft: 1092.0
  • Dining Room Level: First
  • Full Bathroom Level: First
  • Rooms:Living Room5: Yes
  • Primary Bedroom Level: First
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Bedroom Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Other Level: First
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 8
  • Basement:None6: Yes

Exterior Features

  • Fencing: Chain Link
  • Roof: Shingle
  • Acres: 0.24
  • Construction Type: Wood Frame
  • Foundation Details: Crawl Space
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Attached
  • General Property Description:Garage Spaces: 1
  • GarageParking:Attached: Yes

Utilities

  • Cooling Y N: Yes
  • Heating: Other
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 10454.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 882408444027000022
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1979

Tax Info

  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Jun 20, 2024
Sold by
Walton Troy and Walton Mary
Bought by
Cole Nicolas and Cole Zoe Sifers
Seller's Agent
Rachel Dreyer
Keller Williams Louisville East
Buyer's Agent
NON MEMBER
NON-MEMBER OFFICE
List Price
$145,000
Sold Price
$145,000
Views
9
Current Estimated Value
$152,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,040
Avg. Annual Appreciation
3.60%
Original Mortgage
$146,464
Outstanding Balance
$145,377
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$5,794

Purchase Details

Listed on
Sep 8, 2014
Closed on
May 29, 2015
Sold by
Bowers Kaelin
Bought by
Walton Troy and Walton Mary
Seller's Agent
Mark Day
The Day Company REALTORS
Buyer's Agent
Tracy Owsley
The Day Company REALTORS
List Price
$59,900
Sold Price
$49,900
Premium/Discount to List
-$10,000
-16.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.48%
Original Mortgage
$51,632
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2013
Sold by
Bowers Patty S
Bought by
Bowers Kaelin

Purchase Details

Closed on
Mar 8, 2006
Sold by
Bowers Lucille V
Bought by
Bowers Lucille V and Bowers Patty S
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Cole Nicolas $145,000 None Listed On Document
Walton Troy -- None Available
Bowers Kaelin -- None Available
Bowers Lucille V -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cole Nicolas $146,464
Previous Owner Walton Troy $51,632
Previous Owner Bowers Patty S $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2024 06/20/24 Sold $145,000 0.0% $133 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $145,000 +190.6% $133 / Sq Ft
05/29/2015 05/29/15 Sold $49,900 -16.7% $46 / Sq Ft
03/13/2015 03/13/15 Pending -- -- --
09/08/2014 09/08/14 For Sale $59,900 -- $55 / Sq Ft
Source: Metro Search (Greater Louisville Association of REALTORS®)

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 $1,051 $104,500 $12,800 $91,700
2023 $1,069 $105,900 $12,800 $93,100
2022 $1,005 $101,000 $12,800 $88,200
2021 $865 $87,000 $12,800 $74,200
2020 $791 $80,300 $12,800 $67,500
2019 $751 $79,400 $12,800 $66,600
2018 $747 $78,700 $12,800 $65,900
2017 $605 $78,500 $12,800 $65,700
2016 $503 $77,800 $12,800 $65,000
2014 $1,569 $78,200 $12,800 $65,400
2013 -- $76,300 $12,800 $63,500
Source: Public Records

Agents Affiliated with this Home

  • Rachel Dreyer

    Seller's Agent in 2024

    Rachel Dreyer

    Keller Williams Louisville East

    (502) 386-3669

    2 in this area

    181 Total Sales

    Rachel Dreyer
    Section Image

  • N

    Buyer's Agent in 2024

    NON MEMBER

    NON-MEMBER OFFICE

  • Mark Day

    Seller's Agent in 2015

    Mark Day

    The Day Company REALTORS

    (812) 620-1034

    56 in this area

    139 Total Sales

    Mark Day
    Section Image

  • T

    Buyer's Agent in 2015

    Tracy Owsley

    The Day Company REALTORS

See All Agents

Map

Source: Metro Search (Greater Louisville Association of REALTORS®)

MLS Number: 1660687

Metro Search (Greater Louisville Association of REALTORS®)

APN: 88-24-08-444-027.000-022

Indiana Washington County Salem 47167

531 Colony Dr, Salem, IN

This home is located at 531 Colony Dr, Salem, IN 47167 since 13 May 2024 and is currently estimated at $152,040, approximately $139 per square foot. This property was built in 1979. 531 Colony Dr 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.

Metro Search (Greater Louisville Association of REALTORS®) The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Copyright 2025 Metro Search, Inc.

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