Sold for $55,000

$55,000

204 N Water Street, Salem, IN 47167

2beds

880sqft

Single Family Residence

Built in 1940

3,920 Square Feet Lot

$82,100 Zestimate^®

$63/sqft

$1,068 Estimated rent

Home value

$82,100

$62,000 - $103,000

$1,068/mo

Zestimate^® history

Owner options

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$1,068/mo

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$1,068/mo

Rent Zestimate^®

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$262/mo

Est. payment

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$262/mo

Est. payment

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What's special

Large dining roomNew roof

Attention Investors: Nice rental house in Salem, currently vacant was rented for $600 per month with room to increase rent. Home has 1 bedroom and 1 bath, but also has an extra 160 square foot porch area as well which could be finished into a bedroom fairly easily. There is a large dining room, large back yard, new roof in 2023. This home will qualify for a conventional loan only. Inspections welcome, but home is being sold as is. Please note: Appliances do not stay with the home. All Measurements and data is approximate, if important buyer or buyer's agent should verify *If room sizes and square footage is critical, please check with your agent.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

Forced Air

Cooling

Central Air

Features

Basement: Sump Pump
Has fireplace: No

Interior area

Total structure area: 880
Total interior livable area: 880 sqft
Finished area above ground: 880
Finished area below ground: 0

Property

Features

Levels: One
Stories: 1

Lot

Size: 3,920 Square Feet

Details

Additional parcels included: 0220035917
Parcel number: 882417331108000022
Zoning: Residential
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: One Story
Property subtype: Single Family Residence

Materials

Foundation: Cellar

Condition

Resale
New construction: No
Year built: 1940

Utilities & green energy

Sewer: Public Sewer
Water: Connected, Public

Community & HOA

Location

Region: Salem

Financial & listing details

Price per square foot: $63/sqft
Tax assessed value: $60,500
Annual tax amount: $746
Date on market: 7/17/2023
Cumulative days on market: 227 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
2/29/2024	Sold	$55,000-8.2%$63/sqft
Source: SIRA #202309081 Report a problem
2/5/2024	Pending sale	$59,900$68/sqft
Source: SIRA #202309081 Report a problem
8/15/2023	Price change	$59,900-7.7%$68/sqft
Source: SIRA #202309081 Report a problem
8/1/2023	Price change	$64,900-13.4%$74/sqft
Source: SIRA #202309081 Report a problem
7/17/2023	Listed for sale	$74,900$85/sqft
Source: SIRA #202309081 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$926 +10%	$60,500 +30.7%
2024	$842 +12.9%	$46,300 +10%
2023	$746 +9.1%	$42,100 +12.9%
2022	$684 +5.6%	$37,300 +9.1%
2021	$648 +3.8%	$34,200 +5.6%
2020	$624 +9.1%	$32,400 +3.8%
2019	$572 -6.5%	$31,200 +9.1%
2018	$612 +8.1%	$28,600 -6.5%
2017	$566	$30,600 +8.1%
2016	$566 -0.7%	$28,300 -0.7%
2014	$570 +2.2%	$28,500 +2.2%
2013	$558 +10.7%	$27,900 +10.7%
2012	$504 -35.5%	$25,200 -35.5%
2011	$782 +92.6%	$39,100 +92.6%
2010	$406 +290.4%	$20,300 +290.4%
2009	$104 -26.9%	$5,200 +2%
2007	$142 +8.1%	$5,100 -1.9%
2006	$132	$5,200