Come take a look at this adorable home in a quiet neighborhood in Salem! 100% USDA financing available! Whether you're a first time home buyer or looking for an investment, this 3 bedroom 1 bath home is a great choice. Fenced back yard has mature trees that provide plenty of shade. Shed in backyard for added storage for yard equipment.
Sold for $145,000
$145,000
531 E Colony Dr, Salem, IN 47167
3beds
1,092sqft
Single Family Residence
Built in 1979
10,454 Square Feet Lot
$185,600 Zestimate®
$133/sqft
$1,355 Estimated rent
Home value
$185,600
$174,000 - $197,000
$1,355/mo
Zestimate® history
Owner options
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$692/mo
Est. payment
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$692/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Rachel M Dreyer,
Keller Williams Realty
Bought with:
NON MEMBER
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1660687
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
- Area: 110
- Dimensions: 11.00 x 10.00
Bedroom
- Level: First
- Area: 100
- Dimensions: 10.00 x 10.00
Bedroom
- Level: First
- Area: 110
- Dimensions: 11.00 x 10.00
Full bathroom
- Level: First
- Area: 55
- Dimensions: 11.00 x 5.00
Dining room
- Level: First
- Area: 140
- Dimensions: 14.00 x 10.00
Kitchen
- Level: First
- Area: 72
- Dimensions: 8.00 x 9.00
Living room
- Level: First
- Area: 272
- Dimensions: 17.00 x 16.00
Other
- Description: Room off garage
- Level: First
- Area: 80
- Dimensions: 10.00 x 8.00
Heating
- Other
Cooling
- Wall/Window Unit(s), Central Air
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,092
- Total interior livable area: 1,092 sqft
- Finished area above ground: 1,092
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 1
- Carport spaces: 1
- Covered spaces: 2
Features
- Stories: 1
- Fencing: Chain Link
Lot
- Size: 10,454 Square Feet
Details
- Parcel number: 882408444027000022
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame
- Foundation: Crawl Space
- Roof: Shingle
Condition
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $133/sqft
- Tax assessed value: $122,900
- Annual tax amount: $1,051
- Date on market: 5/13/2024
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2024 | Sold | $145,000$133/sqft |
Source:  Metro Search Inc. LLC DBA Apex MLS #1660687 Report a problem | ||
| 5/16/2024 | Pending sale | $145,000$133/sqft |
Source:  SIRA #202407794 Report a problem | ||
| 5/13/2024 | Listed for sale | $145,000+190.6%$133/sqft |
Source: SIRA #202407794 Report a problem | ||
| 1/24/2015 | Listing removed | $49,900$46/sqft |
Source: The Day Company REALTORS� #201406435 Report a problem | ||
| 1/8/2015 | Price change | $49,900-9.1%$46/sqft |
Source: The Day Company REALTORS� #201406435 Report a problem | ||
| 1/7/2015 | Pending sale | $54,900$50/sqft |
Source: The Day Company REALTORS� #201406435 Report a problem | ||
| 1/7/2015 | Listed for sale | $54,900$50/sqft |
Source: The Day Company REALTORS� #201406435 Report a problem | ||
| 11/18/2014 | Listing removed | $54,900$50/sqft |
Source: The Day Company REALTORS� #201406435 Report a problem | ||
| 10/5/2014 | Price change | $54,900-8.3%$50/sqft |
Source: The Day Company REALTORS� #201406435 Report a problem | ||
| 9/12/2014 | Listed for sale | $59,900$55/sqft |
Source: The Day Company REALTORS� #201406435 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,051 -1.7% | $122,900 +17.6% |
| 2024 | $1,069 +6.4% | $104,500 -1.3% |
| 2023 | $1,005 +16.2% | $105,900 +4.9% |
| 2022 | $865 +9.4% | $101,000 +16.1% |
| 2021 | $791 +5.3% | $87,000 +8.3% |
| 2020 | $751 +0.5% | $80,300 +1.1% |
| 2019 | $747 +23.4% | $79,400 +0.9% |
| 2018 | $605 +20.4% | $78,700 +0.3% |
| 2017 | $503 +1.7% | $78,500 +0.9% |
| 2016 | $494 -68.5% | $77,800 -0.5% |
| 2014 | $1,569 +2.7% | $78,200 +2.5% |
| 2013 | $1,528 +3.9% | $76,300 +4% |
| 2012 | $1,470 +417.5% | $73,400 -9.7% |
| 2011 | $284 -83.6% | $81,300 -6.1% |
| 2010 | $1,734 +547.5% | $86,600 +7.8% |
| 2009 | $268 -1.5% | $80,300 +1.5% |
| 2007 | $272 -43% | $79,100 -2.9% |
| 2006 | $477 | $81,500 +25.8% |
| 2004 | -- | $64,800 |
Find assessor info on the county website
Neighborhood: 47167
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Nearby schools
GreatSchools rating
- 7/10Bradie M Shrum Lower ElementaryGrades: PK-5Distance: 0.8 mi
- 7/10Salem Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Salem High SchoolGrades: 9-12Distance: 0.9 mi
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- Indiana
- Washington County
- Salem
- 47167
- 531 E Colony Dr
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