NOT LISTED FOR SALE

7343 E New Philadelphia Rd Unit 1 Salem, IN 47167

Estimated Value: $305,936 - $377,000

341 Acres
$1,008 Price per Acre
14,853,960 Sq Ft Lot

Last Sold March 23, 2015

Last sale price $423,000

Est. 19% decrease in value since last sale

Current estimated payment $2,128/month

305 Days on Market

Highlights

  • 341 Acre Lot
  • East Washington Elementary School Rated 9+
  • Agricultural

About This Lot

As of March 2015

Attention Investors!! 1281/ AC!! Wooded Recreation property with stream and trails throughout. This has been a hunting club, so wildlife in abundance. Outdoor recreationists will love this setting. Rolling land. Trails allow driving through whole property. Great location in Washington county, easy access to I-65. Located between Scottsburg and Salem. Electric close, so consider building a hunting cabin or a dream home. Best price in the area! 300 AC in classified forest for tax incentives. Some timber cut, but great investment for future timber. Check it out.

Last Agent to Sell the Property

Brett Snodgrass

Red Bridge Real Estate Listed on: 04/28/2014

Last Buyer's Agent

Brett Snodgrass

Red Bridge Real Estate Listed on: 04/28/2014

Property Details

Property Type

  • Land

Lot Details

  • 341 Acre Lot
  • Property fronts a county road
  • Rural Setting
  • Finished Lot(s)
  • Subdivision Possible

Parking

  • Driveway

Schools

  • Salem Community Elementary School
  • Salem Middle School
  • Salem High School

Additional Features

  • Agricultural
  • Well Required

Listing and Financial Details

  • Assessor Parcel Number 88-25-09-000-826.002-004

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Agricultural Land
  • Legal Description: 12-09-4000026.000-02 PT S |
  • Parcel Number ID: 88-25-09-000-826.002-004
  • Platted: Yes
  • Location: Rural
  • Road Access: County
  • Road Surface: Asphalt
  • Parcel Description: Heavily Wooded, Rolling, Undeveloped, Ravine
  • Type of Sale: Traditional
  • Can Be Subdivided: Yes
  • Type Use: Agriculture
  • Special Features: None

Exterior Features

  • Road Frontage: County

Utilities

  • Water Utilities: Well Needed
  • Electricity Type: Available

Schools

  • Elementary School: Salem Community

Lot Info

  • Lot Dimensions: 341 Acres
  • Estimated Lot Sq Ft: 14853960
  • Estimated Lot Size Acres: 341
  • Lot Number: 1
  • Easements: Yes

Tax Info

  • Annual Taxes: 85

MLS Schools

  • High School: Salem
  • Middle School: Salem
  • School District: Salem Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2018
Sold by
Bussey Brooke N
Bought by
Cook Benjamin M
Current Estimated Value
$343,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,278
Outstanding Balance
$173,375
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$170,359

Purchase Details

Closed on
Jun 26, 2014
Sold by
The New Washington State Bank
Bought by
Bussey Brooke N and Bussey Patrick R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,266
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 17, 2013
Sold by
In
Bought by
The New Washington State Bank

Purchase Details

Closed on
Jun 24, 2008
Sold by
Jjc Hunting Club Llc
Bought by
Carroll Robert K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cook Benjamin M $199,900 --
Cook Benjamin M $199,900 Agency Title Inc
Bussey Brooke N -- Executive Title Company
The New Washington State Bank $50,000 --
The New Washington State Bank $100,000 None Available
Carroll Robert K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cook Benjamin M $196,278
Previous Owner Bussey Brooke N $175,266
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2015 03/23/15 Sold $423,000 -5.9% --
02/27/2015 02/27/15 Pending -- -- --
04/28/2014 04/28/14 For Sale $449,500 -- --
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 $3,860 $218,600 $26,600 $192,000
2023 $3,886 $212,000 $26,600 $185,400
2022 $3,895 $202,000 $26,600 $175,400
2021 $1,908 $181,300 $26,600 $154,700
2020 $1,642 $166,200 $26,600 $139,600
2019 $1,573 $163,600 $26,600 $137,000
2018 $1,471 $159,400 $26,600 $132,800
2017 $1,333 $162,300 $26,600 $135,700
2016 $1,039 $146,400 $26,600 $119,800
2014 $1,093 $156,400 $26,600 $129,800
2013 $1,015 $151,800 $26,600 $125,200
Source: Public Records

Agents Affiliated with this Home

  • Brett Snodgrass

    Seller's Agent in 2015

    Brett Snodgrass

    Red Bridge Real Estate

    (317) 934-2630

    23 Total Sales

    Brett Snodgrass
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Map

Source: Indiana Regional MLS

MLS Number: 201414827

Indiana Regional MLS

APN: 88-25-09-000-026.002-004

Indiana Washington County Salem 47167

7343 E New Philadelphia Rd Unit 1, Salem, IN

Not Listed for Sale

Lots

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