NOT LISTED FOR SALE

541 S Franklin School Rd Salem, IN 47167

Estimated Value: $305,000 - $417,000

5 Beds
2.5 Baths
2,714 Sq Ft
$128/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $275,000 $101 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,120/month

29 Days on Market

Highlights

  • Barn
  • Wood Burning Stove
  • Pond
  • Scenic Views
  • Secluded Lot
  • Wooded Lot

About This Home

As of November 2022

**OPEN HOUSE THURSDAY SEPTEMBER 22 FROM 5-7 PM** You can finally get excited about finding THE ONE
you have been looking for! This home is exactly what everyone wants! It is UPDATED and UPGRADED
beyond what is expected in this price point and area WITH 1.7 ACRES! This rare find features FIVE
BEDROOMS and 2.5 bathrooms. It has two bedrooms on the main floor, with the remaining bedrooms
upstairs. Some features I want to call your attention to include the real hardwood floors that
are ash character grade, the custom cabinetry in the kitchen with a double oven and 36 inch gas
range, TWO walk in closets in the primary bedroom, and TWO covered porches (both the front and the
back). 541 S Franklin also features a fenced in yard, a pond, a barn, and all the peace and
quiet you long for everyday! There is more attention to detail in this home than can be listed
here! Call today to schedule a private showing and get the best of an updated home with the land
you have always wanted!**

Last Listed By

Mallory Annis

RE/MAX FIRST License #RB18000271 Listed on: 09/19/2022

RE/MAX FIRST

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,415

Year Built

  • Built in 1972

Lot Details

  • 1.69 Acre Lot
  • Fenced Yard
  • Landscaped
  • Secluded Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Home Design

  • Block Foundation
  • Poured Concrete

Interior Spaces

  • 2,714 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Thermal Windows
  • Blinds
  • Family Room
  • Scenic Vista Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Self-Cleaning Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Pond
  • Creek On Lot
  • Covered patio or porch

Farming

  • Barn

Utilities

  • Forced Air Heating and Cooling System
  • Two Heating Systems
  • Liquid Propane Gas Water Heater
  • On Site Septic

Listing and Financial Details

  • Assessor Parcel Number 882521000011000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,415

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Improvements: 172100
  • Annual Tax: 1415
  • Appointment: Mandatory
  • Construction: Existing
  • Foundation: Concrete Block, Poured Concrete
  • Land Assessment: 22800
  • Legal Description: 12-21-400-011.000-02 PT SE 21-2-5 1.69 AC.
  • Numof Fireplaces: 1
  • Open House Count: 1
  • Out Buildings: Barn(s)
  • Parcel Number: 882521000011000004
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 194900
  • Total Deduction Amnt: 86265
  • Total Finished Square Footage: 2714
  • Type: 1.5 Story
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Water Heater: Lp Gas
  • Basement Type: Full, Unfinished
  • Above Grade Finished Sq Ft: 2714.00
  • Appliances: Dishwasher, Oven Self Clean, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 5
  • Fireplace: Wood Stove, Woodburning
  • Interior Amenities: 1st Floor Master, Bath Master, Blinds, Ceiling Fan(s), Family Room, Pantry, Security System, Wood Stove
  • Lot Sq Ft: 73616.40
  • Room Count: 7
  • Sewer Type: Septic Onsite
  • Total Sq Ft: 2714
  • Total Rooms: 7

Exterior Features

  • Exterior Features: Covered Porch, Fenced Yard, Landscaped, Thermopane Windows

Garage/Parking

  • Garage Type: Attached, Front Entry
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Dual
  • Heat Type: Forced Air
  • Water: Pond
  • Water Type: Public Onsite

Lot Info

  • Acres: 1.6900
  • Lot Description: Creek, Scenic View, Secluded Lot, Wooded Lot
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2022
Closed on
Nov 18, 2022
Sold by
Vance Nathan D and Vance Nathalie J
Bought by
Vance Nathan D and Vance Nathalie J
Seller's Agent
Mallory Annis
RE/MAX FIRST
Buyer's Agent
Kristen Abell
Schuler Bauer Real Estate Services ERA Powered (N
List Price
$315,000
Sold Price
$275,000
Premium/Discount to List
-$40,000
-12.7%
Total Days on Market
29
Views
83
Current Estimated Value
$347,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,042
Avg. Annual Appreciation
9.88%

Purchase Details

Closed on
Jun 30, 2017
Sold by
Girod Enos P and Girod Fannie J
Bought by
Vance Nathan D and Vance Nathalie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 8, 2008
Sold by
Faucette Darrell
Bought by
The Bank Of New York

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
Vance Nathan D -- None Listed On Document
Vance Nathan D $275,000 None Listed On Document
Vance Nathan D -- None Available
The Bank Of New York $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vance Nathan D $84,000
Previous Owner Vance Nathan D $85,000
Previous Owner Vance Nathan D $52,000
Previous Owner Faucette Darrell $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $275,000 -8.0% $101 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
10/04/2022 10/04/22 Price Changed $299,000 -5.1% $110 / Sq Ft
09/19/2022 09/19/22 For Sale $315,000 -- $116 / 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 $2,350 $259,300 $22,800 $236,500
2023 $2,231 $244,300 $22,800 $221,500
2022 $1,889 $194,900 $22,800 $172,100
2021 $1,715 $171,900 $22,800 $149,100
2020 $745 $97,200 $22,800 $74,400
2019 $594 $86,700 $22,800 $63,900
2018 $550 $84,400 $22,800 $61,600
2017 $448 $86,300 $22,800 $63,500
2016 $212 $78,200 $22,800 $55,400
2014 $167 $81,300 $22,800 $58,500
2013 $170 $77,300 $22,800 $54,500
Source: Public Records

Agents Affiliated with this Home

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Source: Southern Indiana REALTORS® Association

MLS Number: 2022012095

Southern Indiana REALTORS® Association

APN: 88-25-21-000-011.000-004