Sold for $32,000

$32,000

506 E Mulberry Street, Salem, IN 47167

2beds

1,024sqft

Single Family Residence

Built in 1940

7,840 Square Feet Lot

$32,700 Zestimate^®

$31/sqft

$1,168 Estimated rent

Home value

$32,700

Estimated sales range

Not available

$1,168/mo

Zestimate^® history

Owner options

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$1,168/mo

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$1,168/mo

Rent Zestimate^®

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$153/mo

Est. payment

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$153/mo

Est. payment

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What's special

Investment opportunity! Check out this property in Salem, Indiana, just minutes from the downtown Square. The property sits on the corner of a dead-end road, adjacent to a newly paved scenic walking trail. The house requires renovation and is awaiting your personal touch. A lean-to is situated between the home and the garage. Schedule your showing today.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

None

Cooling

None

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,024
Total interior livable area: 1,024 sqft
Finished area above ground: 1,024
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Detached, Garage
Garage spaces: 1

Lot

Size: 7,840 Square Feet

Details

Parcel number: 0220012117

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame

Condition

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: $31/sqft
Tax assessed value: $51,200
Annual tax amount: $866
Date on market: 9/21/2025
Cumulative days on market: 19 days
Listing terms: Cash

Price history

Date	Event	Price
10/10/2025	Sold	$32,000-36%$31/sqft
Source: SIRA #2025011282 Report a problem
9/21/2025	Listed for sale	$50,000+163.2%$49/sqft
Source: SIRA #2025011282 Report a problem
11/7/2022	Sold	$19,000-36.5%$19/sqft
Source: SIRA #2022011893 Report a problem
9/9/2022	Listed for sale	$29,900+5356.2%$29/sqft
Source: SIRA #2022011893 Report a problem
10/20/2016	Sold	$548-97.3%$1/sqft
Source: Public Record Report a problem
11/30/2007	Sold	$20,000$20/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$886 +7%	$51,200 +15.6%
2024	$828 +112.9%	$44,300 +7%
2023	$389 +7.8%	$41,400 +6.4%
2022	$361 +18%	$38,900 +7.8%
2021	$306 +3.1%	$36,100 +18%
2020	$297 -35.7%	$30,600 +3%
2019	$462 -25.8%	$29,700 +6.1%
2018	$622 +52.1%	$28,000 -29.5%
2017	$409 +56.7%	$39,700 +5.3%
2016	$261 -65.4%	$37,700
2014	$754 +3.9%	$37,700 +3.9%
2013	$726 +16.7%	$36,300 +16.7%
2012	$622 -15.3%	$31,100 -13.4%
2011	$734 +8.3%	$35,900 +6.2%
2010	$678 +18.1%	$33,800 +18.2%
2009	$574 +263.8%	$28,600 +3.6%
2007	$158 -39.5%	$27,600 +0.4%
2006	$261	$27,500