For sale

Price cut: $5K (8/11)

$234,900

501 E Florence Street, Salem, IN 47167

3beds

1,560sqft

$1,554/mo

Get pre-qualified

Single Family Residence

Built in 1955

0.25 Acres Lot

$231,700 Zestimate^®

$151/sqft

$-- HOA

What's special

Corner lotHardwood floors

THIS IS THE ONE YOU BEEN LOOKING FOR!! Great Brick and Bedford Stone home sits on a corner lot with a fenced in back yard and a nice view off the 12 x 20 deck. FULL BASEMENT is partially finished and has lots of storage areas and shelves. Updates include new WINDOWS and HVAC in 2022 and a 7 yr old roof. Other amenities include hardwood floors, built in bookcases and other built ins including a built in corner cupboard. A 24 x 40 mostly finished 2 car DETACHED GARAGE has a new ROOF and has heat and air. New ENTRY DOORS for that great first impression. There are 3 bedrooms and an updated full bathroom with a stand up shower and laminate floooring. Large living room has a built in bookcase and a large picture window to take in the view. Come see this home today!

51 days
128
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Description: Flooring: Wood
Level: First
Dimensions: 12 x 10

Bedroom

Description: Flooring: Wood
Level: First
Dimensions: 10.4 x 10

Bedroom

Description: Flooring: Wood
Level: First
Dimensions: 10 x 9

Dining room

Description: Flooring: Linoleum
Level: First
Dimensions: 9 x 9

Other

Description: Flooring: Laminate
Level: First
Dimensions: 5 x 8.4

Kitchen

Description: Flooring: Linoleum
Level: First
Dimensions: 9 x 8

Living room

Description: Flooring: Wood
Level: First
Dimensions: 21 x 12

Heating

Forced Air, Heat Pump

Cooling

Central Air, Heat Pump

Appliances

Included: Dishwasher, Oven, Range, Refrigerator
Laundry: In Basement, Other

Features

Breakfast Bar, Bookcases, Ceiling Fan(s), Eat-in Kitchen, Bath in Primary Bedroom, Main Level Primary, Pantry, Separate Shower, Natural Woodwork
Basement: Partially Finished
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 1,560
Total interior livable area: 1,560 sqft
Finished area above ground: 1,040
Finished area below ground: 520

Property

Parking

Total spaces: 2
Parking features: Detached, Garage Faces Front, Garage
Garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Deck
Exterior features: Deck, Fence, Landscaping, Paved Driveway
Fencing: Yard Fenced

Lot

Size: 0.25 Acres
Dimensions: .25
Features: Corner Lot, Garden

Details

Additional structures: Garage(s)
Parcel number: 882420113048000022
Zoning: Residential
Zoning description: Residential

Construction

Type & style

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

Materials

Brick, Frame, Stone
Foundation: Block
Roof: Shingle

Condition

New construction: No
Year built: 1955

Utilities & green energy

Sewer: Public Sewer
Water: Connected, Public

Community & HOA

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $151/sqft
Tax assessed value: $161,200
Annual tax amount: $1,451
Date on market: 7/17/2026
Cumulative days on market: 52 days
Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Road surface type: Paved

Estimated market value

$231,700

$220,000 - $243,000

$1,430/mo

Price history

Date	Event	Price
8/11/2026	Price change	$234,900-2.1%
Source: IRMLS #202628909 Report a problem
7/17/2026	Listed for sale	$239,900
Source: IRMLS #202628909 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,353 +9%	$161,200 +19.1%
2024	$1,241 +11.6%	$135,300 +9%
2023	$1,112 +9.9%	$124,100 +11.6%
2022	$1,012 +5%	$111,200 +9.9%
2021	$964 +3.5%	$101,200 +5%
2020	$931 +8.1%	$96,400 +3.5%
2019	$861 -9.8%	$93,100 +8.1%
2018	$955 +35.9%	$86,100 -9.8%
2017	$703 +31%	$95,500 +6.7%
2016	$536 +10.2%	$89,500 +12%
2014	$487 +15.4%	$79,900 +2.8%
2013	$422 -15.9%	$77,700 -5.6%
2012	$501 -11%	$82,300 -2%
2011	$564 -11.6%	$84,000
2010	$637 -16.7%	$84,000 -12.6%
2009	$765 +33.3%	$96,100 -0.6%
2007	$574 -42.5%	$96,700 -4.5%
2006	$999	$101,300 +37.4%
2004	--	$73,700