NOT LISTED FOR SALE

823 S Drive-In Theater Rd Salem, IN 47167

Estimated Value: $557,660

103 Acres
$5,404 Price per Acre
4,494,956 Sq Ft Lot

Last Sold December 06, 2023

Last sale price $1,045,000 $408 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $3,725/month

37 Days on Market

Highlights

  • 103.19 Acre Lot
  • Fireplace in Kitchen
  • Pole Barn
  • Mature Trees
  • Wood Burning Stove
  • Farmhouse Style Home

About This Lot

As of December 2023

Farm offered at public NO RESERVE auction Sat. Nov. 18th 9AM. Property referred to as Parcel#1- 4 bedroom, 2 bathroom farmhouse, multiple barns: 3,840 sqft pole barn 48'X80'X17', 1,500 sqft pole barn 30'X50'X13' , & 800 sqft pole barn 16'X50'X7', 28'X36' detached garage, pasture water systems, & 103.19+/- acres. Farm offered in 8 parcels, combinations of parcels, & in its entirety, selling in manner resulting in highest total gross auction price. Welcome guests to this historic farmhouse via the formal entry that flows into Great room w/ patio doors to the back patio. Formal dining w/ custom shutters & woodwork. Kitchen boasts loads of custom cabinets, propane fireplace, & stainless steel appliances. Full bathroom & laundry located off kitchen. Upstairs offers 4 bedrooms, large bathroom, & family room. Outdoor entertainment space & additional building that could lend itself to various uses. Sold as-is. 10% buyer's premium due day of auction, closing within 30 days. Preview Day: 11/17 12-6PM.

Last Listed By

Hannah Knotts

Freije Real Estate Brokerage Email: hannah@freijerealestate.com License #RB19000363 Listed on: 10/11/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,664

Year Built

  • Built in 1900

Lot Details

  • 103.19 Acre Lot
  • Rural Setting
  • Mature Trees

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Home Design

  • Farmhouse Style Home
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Skylights
  • Wood Burning Stove
  • Electric Fireplace
  • Entrance Foyer
  • Great Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Attic Access Panel

Kitchen

  • Eat-In Kitchen
  • Oven
  • Gas Cooktop
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Interior and Exterior Basement Entry
  • Sump Pump
  • Fireplace in Basement

Schools

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

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Powered By Owned Propane
  • Heating System Uses Propane
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 88-23-23-000-023.000-021
  • Assessor Parcel Number 882323000023000021

Community Details

Overview

  • No Home Owners Association

Recreation

  • Covered patio or porch
  • Pole Barn
  • Shed
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$4,664

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Farm
  • Architectural Style: Farmhouse
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1900
  • Building Area Total: 4112
  • Co List Office Phone: 317-710-5889
  • Garage Y N: Yes
  • Lot Size Acres: 103.19
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Website: https://www.freijeauctioneers.com/auctions/820-onsite-multi-parcel-real-estate-auction-november-18-2023-12-pm-823-south-drive-in-theatre-rd-salem-indiana-47167/multipar
  • Accessibility Features YN: No
  • MBR_AttributionContact: hannah@freijerealestate.com
  • Attribution Contact: hannah@freijerealestate.com
  • Special Features: 4160

Interior Features

  • Basement: Yes
  • Basement Type: Exterior Entry, Interior Entry, Sump Pump, Unfinished
  • Appliances: Gas Cooktop, Dishwasher, Dryer, Electric Water Heater, Gas Water Heater, Kitchen Exhaust, Microwave, Oven, Range Hood, Refrigerator, Trash Compactor, Washer
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Basement, Electric, Great Room, Kitchen, Woodburning Fireplce
  • Fireplaces: 2
  • Interior Amenities: Attic Access, Built In Book Shelves, Center Island, Entrance Foyer, Eat-in Kitchen, Skylight(s)
  • Living Area: 2560
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1152
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 1408
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Vinyl With Brick
  • Disclosures: Not Applicable
  • Exterior Features: Barn Mini, Barn Pole, Barn Storage, Out Building With Utilities
  • Fencing: Partial
  • Foundation Details: Block
  • List Price: 1045000
  • Patio And Porch Features: Covered Porch, Open Patio

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Detached, Asphalt, Garage Door Opener
  • Fuel: Propane Owned
  • Garage Sq Ft: 1008

Utilities

  • Utilities: Electricity Connected, Gas, Septic System, Water Connected
  • Cooling: Central Electric
  • Heating: Baseboard, Forced Air, Propane, Wood Stove
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Salem Middle School

Lot Info

  • Lot Features: Rural - Not Subdivision, Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: Arena, Barn, Corral(s), Hay Storage, Pasture, Stable(s), Tack Room, Trailer Storage
  • Lot Size Sq Ft: 4494956
  • Parcel Number: 882323000023000021
  • Acres: >20 Acres
  • Price Acre: 10127

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 4664
  • Tax Lot: 88-23-23-000-023.000-021
  • Semi Annual Property Tax Amt: 2332
  • Tax Exemption: Homestead Tax Exemption

MLS Schools

  • Elementary School: Bradie Shrum Elementary
  • High School: Salem High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Dec 6, 2023
Sold by
Mcclellan Jerry K and Mcclellan Marcia
Bought by
Mcclellan Jerry K
Seller's Agent
Hannah Knotts
Freije Real Estate
Buyer's Agent
Hannah Miller
Freije Real Estate
List Price
$1
Sold Price
$1,045,000
Premium/Discount to List
$1,044,999
104499900%
Total Days on Market
37
Views
77
Current Estimated Value
$557,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$487,340
Avg. Annual Appreciation
-35.94%

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
Mcclellan Jerry K $1,045,000 Lenders Escrow And Title Servi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcclellan Jerry K $300,000
Previous Owner Mcclellan Jerry K $165,433
Previous Owner Mcclellan Jerry $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2023 12/06/23 Sold $1,045,000 +22.9% $408 / Sq Ft
11/20/2023 11/20/23 Price Changed $850,000 +84999900.0% $332 / Sq Ft
11/18/2023 11/18/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $1 -- $0 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $7,433 $378,700 $190,600 $188,100
2023 $5,282 $346,400 $162,200 $184,200
2022 $4,664 $312,500 $132,200 $180,300
2021 $4,249 $270,400 $116,500 $153,900
2020 $4,082 $268,000 $115,800 $152,200
2019 $4,260 $279,000 $136,700 $142,300
2018 $4,279 $275,000 $140,500 $134,500
2017 $4,464 $294,700 $158,500 $136,200
2016 $4,467 $303,400 $166,600 $136,800
2014 $4,219 $312,100 $171,800 $140,300
2013 $3,627 $269,200 $150,200 $119,000
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2023

    Hannah Knotts

    Freije Real Estate

    (317) 446-0874

    45 Total Sales

    Hannah Knotts
    Section Image

  • J

    Seller Co-Listing Agent in 2023

    Jennifer Freije

    Freije Real Estate

    (317) 710-5889

    18 Total Sales

    Jennifer Freije
    Section Image
  • Hannah Miller

    Buyer's Agent in 2023

    Hannah Miller

    Freije Real Estate

    Section Image
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Map

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 21946139

MIBOR Broker Listing Cooperative®

APN: 88-23-23-000-023.000-021

Indiana Washington County Salem 47167

823 S Drive-In Theater Rd, Salem, IN

Homes for Sale in Salem, IN

This home is located at 823 S Drive-In Theater Rd, Salem, IN 47167 since 11 October 2023 and is currently priced at $557,660, approximately $217 per square foot. This property was built in 1900. 823 S Drive-In Theater 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.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.