For sale

Price cut: $50K (5/12)

$349,900

1789 N Peacock Hollow Road, Salem, IN 47167

5beds

--baths

3,012sqft

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Single Family Residence

Built in 2025

23.29 Acres Lot

$347,000 Zestimate^®

$116/sqft

$-- HOA

What's special

Full basementTraditional barnPlanted deer food plotFunctional shop spacePrimarily hay groundHardwood flooring

Secluded +/-23-acre farm homestead offering privacy and country living just outside of Salem/Scottsburg. Beautiful new Amish-built home not completed to make your own. It features 5 bedrooms, a full basement, and a high-flow well. Hardwood flooring is currently being installed, adding warm, durable finishes throughout the main living areas. Outbuildings include a functional shop space and a traditional barn — perfect for equipment, hobby projects, or livestock. The acreage is versatile: primarily hay ground that can be maintained as is or converted to tillable acreage. A planted deer food plot and attractive hardwoods roll down the hillside, leading to a wooded corner that meets a nice running creek. A small pond adds water access and scenic appeal. This property blends modern construction and rural utility — ideal for a homesteading, quiet country acreage with strong agricultural potential.

134 days

562

45

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5

Heating

None

Cooling

None

Features

Basement: Full
Number of fireplaces: 1
Fireplace features: Wood Burning Stove

Interior area

Total structure area: 3,012
Total interior livable area: 3,012 sqft
Finished area above ground: 3,012
Finished area below ground: 0

Property

Lot

Size: 23.29 Acres

Details

Parcel number: 882512000004002004

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

Resale,Under Construction
New construction: No
Year built: 2025

Utilities & green energy

Sewer: None
Water: Not Connected, Cistern, Public, Well
Utilities for property: Sewer Not Available, Water Available

Community & HOA

Location

Region: Salem

Financial & listing details

Price per square foot: $116/sqft
Tax assessed value: $220,900
Annual tax amount: $2,100
Date on market: 2/19/2026
Cumulative days on market: 134 days
Listing terms: Cash,Conventional

Estimated market value

$347,000

$330,000 - $364,000

$2,458/mo

Price history

Date	Event	Price
5/12/2026	Price change	$349,900-12.5%$116/sqft
Source: SIRA #202606096 Report a problem
2/19/2026	Listed for sale	$399,900$133/sqft
Source: SIRA #202606096 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,102 +6.3%	$220,900 +2.9%
2024	$1,977 -1.3%	$214,600 +5.7%
2023	$2,004 +46.4%	$203,100 +6.4%
2022	$1,369 +67.7%	$190,800 +36.8%
2021	$816 +6.1%	$139,500 +42.3%
2020	$769 +6.7%	$98,000 -0.8%
2019	$720	$98,800 +2.3%
2018	--	$96,600

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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