Pending

Price cut: $10K (8/25)

$199,900

3139 W Water Tower Rd, Salem, IN 47167

2beds

1,664sqft

$1,364/mo

Get pre-qualified

Residential, Single Family Residence

Built in 1940

1.54 Acres Lot

$-- Zestimate^®

$120/sqft

$-- HOA

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.

66 days
183
18

Likely to sell faster than

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: 53 days
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

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

Public tax history

Year	Property taxes	Tax 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