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  • $199,900

    3139 W Water Tower Rd, Salem, IN 47167

    2beds
    1,664sqft
    Residential, Single Family Residence
    Built in 1940
    1.54 Acres Lot
    $198,800 Zestimate®
    $120/sqft
    $1,288 Estimated rent

    Home value

    $198,800

    $189,000 - $213,000

    $1,288/mo

    Zestimate® history
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    What's special

    Peaceful acresCentral airFire hydrantNew gravel drive
    Tucked away on 1.54 peaceful acres, this 2-bedroom, 1-bathroom ranch offers true turnkey living with nothing left to do. The metal roof is newer, and every other major system is new within the last year, including the HVAC (energy-efficient heat pump), central air, new electric service, water heater, plumbing, city water, water meter, fire hydrant, and septic system. The kitchen features new cabinets, countertops and stainless steel appliances; the bathroom has been fully updated; and fresh flooring and neutral paint run throughout, creating a bright, warm feel in every room. A large wraparound deck provides the perfect spot for morning coffee or evening relaxation. A new gravel drive leads back to a 30x40 pole barn wired for electricity and ready for a workshop, storage, or hobby space. The unfinished basement adds valuable extra storage space, completing a rare combination of peaceful acreage and low-maintenance living.

    Zillow last checked:

    Listing updated:

    Listed by:

    Gretchen Szostak gretchen@DNApropertiesIndy.com,

    DNA Properties, LLC

    Bought with:

    Non-BLC Member

    MIBOR REALTOR® Association

    Source: MIBOR as distributed by MLS GRID,MLS#: 22115348MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Main
    • Area: 130 Square Feet
    • Dimensions: 13x10
    Bedroom 2
    • Level: Main
    • Area: 88 Square Feet
    • Dimensions: 11x8
    Kitchen
    • Level: Main
    • Area: 128 Square Feet
    • Dimensions: 16x8
    Living room
    • Level: Main
    • Area: 216 Square Feet
    • Dimensions: 18x12
    Heating
    • Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator
    • Laundry: Connections All, In Basement
    Features
    • Ceiling Fan(s), Eat-in Kitchen
    • Windows: Wood Work Painted
    • Basement: Daylight,Unfinished
    Interior area
    • Total structure area: 1,664
    • Total interior livable area: 1,664 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck, Patio
    Lot
    • Size: 1.54 Acres
    • Features: Mature Trees
    Details
    • Additional structures: Barn Pole
    • Parcel number: 883335000017000021
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Residential, Single Family Residence
    Materials
    • Brick, Block
    • Foundation: Block
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: No Subdivision
    HOA
    • Has HOA: No
    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $120/sqft
    • Tax assessed value: $116,500
    • Annual tax amount: $1,358
    • Date on market: 7/21/2026
    • Cumulative days on market: 44 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    10/2/2026Sold$199,900$120/sqft
    Source: MIBOR as distributed by MLS GRID #22115348 Report a problem
    9/3/2026Pending sale$199,900$120/sqft
    Source: MIBOR as distributed by MLS GRID #22115348 Report a problem
    8/25/2026Price change$199,900-4.8%$120/sqft
    Source: SIRA #2026010226 Report a problem
    8/9/2026Price change$209,900-4.5%$126/sqft
    Source: SIRA #2026010226 Report a problem
    7/21/2026Listed for sale$219,900+10%$132/sqft
    Source: SIRA #2026010226 Report a problem
    6/13/2025Sold$200,000$120/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,358 +9.3%$116,500 +6.2%
    2024$1,243 +14.6%$109,700 +6.6%
    2023$1,084 +6.7%$102,900 +8.1%
    2022$1,016 +4.8%$95,200 +10.2%
    2021$969 -17.5%$86,400 +4.5%
    2020$1,175 -8.9%$82,700 -21.6%
    2019$1,290 -0.8%$105,500 -0.6%
    2018$1,300 +1.3%$106,100 -4.2%
    2017$1,283 +7%$110,800 +3.3%
    2016$1,199 +2.2%$107,300 -7.3%
    2014$1,173 +1.6%$115,800 +3.2%
    2013$1,154 +13.9%$112,200 +7.3%
    2011$1,013 -34.1%$104,600 +730.2%
    2010$1,538 +1.3%$12,600 -89.4%
    2009$1,518 -2.4%$118,800 -10.3%
    2007$1,556 +4.1%$132,500 +7.8%
    2006$1,495 $122,900
    Find assessor info on the county website

    Neighborhood: 47167

    Nearby schools

    GreatSchools rating
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    With Zillow Showcase(estimated)

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