NOT LISTED FOR SALE

5440 E Marrs Rd Salem, IN 47167

Estimated Value: $233,000 - $996,435

3 Beds
1 Bath
2,160 Sq Ft
$291/Sq Ft Est. Value

Last Sold April 21, 2022

Last sale price $130,000 $60 Per Sq Ft

Est. 383% increase in value since last sale

Current estimated payment $3,753/month

5 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Level Lot
  • Covered Patio or Porch
  • Forced Air Heating System
  • Historic Home

About This Home

As of April 2022

FIRST TIME OFFERED.... Take a trip to Grandma's house... sits back off a long drive, 2 sty turn of the century home with covered front porch, solid built wood floors, 3 bedroom, 1 bath, home in good condition. Back covered porch, Bicentennial 2 story barn, all situated on 5 surveyed acres. Ready for your garden come spring. By appointment only.

Last Agent to Sell the Property

Sherri Purkhiser

Day Company REALTORS Listed on: 02/25/2022

Last Buyer's Agent

Sherri Purkhiser

Day Company REALTORS Listed on: 02/25/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,994

Year Built

  • Built in 1900

Lot Details

  • 5 Acre Lot
  • Rural Setting
  • Level Lot
  • Historic Home

Parking

  • Gravel Driveway

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Stone or Rock in Basement
  • Crawl Space

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 88-35-30-000-008.000-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,994

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Age: 122
  • Style: Two Story
  • Architectural Style: Historic
  • Total Number of Rooms: 9
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: PT SW 30-3-5 5.0 acres m/l
  • Parcel Number ID: 88-35-30-000-008.000-005
  • Platted: Yes
  • Amenities: Eat-In Kitchen, Porch Covered
  • Location: Rural
  • Sp Lp Percent: 66.67
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2160
  • Total Finished Sq Ft: 2160
  • Above Grade Finished Sq Ft: 2160
  • Price Per Sq Ft: 60.19
  • Basement Foundation: Crawl
  • Basement Material: Stone
  • Flooring: Hardwood Floors, Carpet
  • Living Great Room: Dimensions: 14x16, On Level: Main
  • Kitchen: Dimensions: 12x14, On Level: Main
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 10x12, On Level: Upper
  • Bedroom 3: Dimensions: 10x12, On Level: Upper
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None

Garage/Parking

  • Driveway: Gravel

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: Septic
  • Water Utilities: Public
  • Electric Company: Jackson Co REMC

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: Level
  • Lot Dimensions: 5
  • Estimated Lot Sq Ft: 217800
  • Estimated Lot Size Acres: 5

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
Feb 25, 2022
Closed on
Apr 21, 2022
Sold by
Lavonda J Elliott Trust
Bought by
Bda Llc
Seller's Agent
Sherri Purkhiser
Day Company REALTORS
Buyer's Agent
Sherri Purkhiser
Day Company REALTORS
List Price
$742,500
Sold Price
$130,000
Premium/Discount to List
-$612,500
-82.49%
Current Estimated Value
$627,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$497,609
Avg. Annual Appreciation
58.67%
Original Mortgage
$951,128
Outstanding Balance
$883,264
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
-$286,871
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
Bda Llc $880,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bda Llc $951,128
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2022 04/21/22 Sold $130,000 -33.3% $60 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
02/25/2022 02/25/22 Price Changed $195,000 -73.7% $90 / Sq Ft
02/25/2022 02/25/22 For Sale $742,500 -- $344 / 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 $3,994 $217,100 $126,900 $90,200
2023 $3,735 $192,800 $107,800 $85,000
2022 $3,324 $176,300 $87,800 $88,500
2021 $2,994 $148,200 $77,200 $71,000
2020 $3,218 $147,800 $76,700 $71,100
2019 $3,493 $165,900 $90,800 $75,100
2018 $3,592 $169,700 $93,300 $76,400
2017 $3,574 $182,500 $105,300 $77,200
2016 $3,409 $186,500 $110,200 $76,300
2014 $3,177 $191,200 $114,700 $76,500
2013 $2,888 $167,900 $102,200 $65,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Sherri Purkhiser

    Day Company REALTORS

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Map

Source: Indiana Regional MLS

MLS Number: 202205931

Indiana Regional MLS

APN: 88-35-30-000-008.000-005

Indiana Washington County Salem 47167

5440 E Marrs Rd, Salem, IN

This home is located at 5440 E Marrs Rd, Salem, IN 47167 since 25 February 2022 and is currently estimated at $627,609, approximately $290 per square foot. This property was built in 1900. 5440 E Marrs Rd 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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