Welcome Home! Discover the perfect blend of comfort and convenience in this stunning four-bedroom, one-and-a-half-bath residence nestled on a spacious double corner lot. Meticulously maintained and move-in ready, this home offers immediate possession, making it an ideal choice for those eager to settle in. Originally built in 1978, the property has undergone significant renovations, resulting in an effective year of 2000. This reflects substantial improvements, including modernized systems, upgraded finishes, and enhanced structural elements that meet contemporary standards. These updates enhance both the aesthetics and functionality of the home, contributing to its overall value and longevity. Step inside to find a light-filled formal dining room, perfect for entertaining or family gatherings. The well-designed split bedroom layout ensures privacy and comfort, while the large utility room adds to the home's functionality. The heart of the home is a modern kitchen equipped with stainless steel appliances, making meal preparation a delight. Outside, you'll find a spacious, fenced-in backyard ideal for outdoor activities, gardening, or simply enjoying fresh air. A large storage building provides ample room for tools and toys, ensuring everything has its place. With plenty of parking available, this home is not only practical but also offers a warm and inviting retreat. Don’t miss this opportunity to make this lovely property your own!
Sold for $171,900
$171,900
543 E Colony Drive, Salem, IN 47167
4beds
1,296sqft
Single Family Residence
Built in 2000
0.36 Acres Lot
$178,100 Zestimate®
$133/sqft
$1,617 Estimated rent
Home value
$178,100
Estimated sales range
Not available
$1,617/mo
Zestimate® history
Owner options
List your home for rent
$1,617/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,617/mo
Rent Zestimate®
Refinance and save
$1,091/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,091/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Modern kitchenLight-filled formal dining roomSplit bedroom layoutSpacious fenced-in backyardSpacious double corner lotStainless steel appliances
Zillow last checked:
Listing updated:
Listed by:
Melanie Wells,
HOOSIER REALTY
Bought with:
Doug Dillon, RB14049837
Brixton Realty
Source: SIRA,MLS#: 202506902
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Description: Flooring: Engineered Hardwood
- Level: First
- Dimensions: 11.7 x 14
Bedroom
- Description: Flooring: Engineered Hardwood
- Level: First
- Dimensions: 9.11 x 11.10
Bedroom
- Description: Flooring: Engineered Hardwood
- Level: First
- Dimensions: 9.5 x 11.10
Bedroom
- Description: Flooring: Engineered Hardwood
- Level: First
- Dimensions: 9 x 9.11
Dining room
- Description: Flooring: Engineered Hardwood
- Level: First
- Dimensions: 9.6 x 13.10
Other
- Description: Flooring: Tile
- Level: First
- Dimensions: 5.5 x 10.5
Half bath
- Description: Flooring: Tile
- Level: First
- Dimensions: 3.5 x 5.5
Kitchen
- Description: Flooring: Tile
- Level: First
- Dimensions: 8.10 x 9.5
Living room
- Description: Flooring: Engineered Hardwood
- Level: First
- Dimensions: 14.5 x 17
Other
- Description: Utility,Flooring: Other
- Level: First
- Dimensions: 8.9 x 11.9
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
- Laundry: Main Level, Laundry Room
Features
- Ceiling Fan(s), Separate/Formal Dining Room, Main Level Primary, Mud Room, Split Bedrooms, Utility Room, Window Treatments
- Windows: Blinds
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,296
- Total interior livable area: 1,296 sqft
- Finished area above ground: 1,296
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Fence, Patio
- Fencing: Yard Fenced
Lot
- Size: 0.36 Acres
- Features: Corner Lot
Details
- Additional structures: Shed(s)
- Parcel number: 0220041608
- Special conditions: Relocation
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Frame
- Foundation: Crawlspace, Slab
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Community
- Subdivision: Rolling Way
Location
- Region: Salem
Financial & listing details
- Price per square foot: $133/sqft
- Tax assessed value: $140,200
- Annual tax amount: $1,140
- Date on market: 3/31/2025
- Cumulative days on market: 51 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2025 | Sold | $171,900+1.2%$133/sqft |
Source:  SIRA #202506902 Report a problem | ||
| 4/1/2025 | Listed for sale | $169,900+6.3%$131/sqft |
Source: SIRA #202506902 Report a problem | ||
| 10/27/2022 | Listing removed | -- |
Source: SIRA #2022012302 Report a problem | ||
| 10/24/2022 | Price change | $159,900-3%$123/sqft |
Source: SIRA #2022012302 Report a problem | ||
| 9/28/2022 | Listed for sale | $164,900-5.7%$127/sqft |
Source: SIRA #2022012302 Report a problem | ||
| 7/22/2021 | Listing removed | -- |
Source: SIRA Report a problem | ||
| 7/10/2021 | Price change | $174,900-4.9%$135/sqft |
Source: SIRA #202108965 Report a problem | ||
| 7/9/2021 | Price change | $184,000-2.6%$142/sqft |
Source: SIRA #202108965 Report a problem | ||
| 7/7/2021 | Listed for sale | $189,000+98.9%$146/sqft |
Source: SIRA #202108965 Report a problem | ||
| 2/20/2013 | Listing removed | $95,000$73/sqft |
Source: Laura Bishop llc dba HOOSIER REALTY #201205052 Report a problem | ||
| 7/19/2012 | Listed for sale | $95,000$73/sqft |
Source: Laura Bishop llc dba HOOSIER REALTY #201205052 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,140 -3.3% | $140,200 +23.6% |
| 2024 | $1,179 +8.8% | $113,400 -1.3% |
| 2023 | $1,084 +31.1% | $114,900 +4.5% |
| 2022 | $827 -47.6% | $109,900 +30.7% |
| 2021 | $1,578 +6.9% | $84,100 +7.5% |
| 2020 | $1,476 -1.2% | $78,200 +7% |
| 2019 | $1,494 -0.2% | $73,100 -1.2% |
| 2018 | $1,497 +0.8% | $74,000 -0.1% |
| 2017 | $1,485 -0.2% | $74,100 +0.8% |
| 2016 | $1,488 -0.3% | $73,500 -0.5% |
| 2014 | $1,493 +0.9% | $73,900 +0.8% |
| 2013 | $1,479 +293.8% | $73,300 +8.3% |
| 2012 | $376 -8.2% | $67,700 -1.3% |
| 2011 | $409 -10.4% | $68,600 |
| 2010 | $457 +9.4% | $68,600 +1.6% |
| 2009 | $418 +9.1% | $67,500 +1.5% |
| 2007 | $383 -76.8% | $66,500 +1.8% |
| 2006 | $1,653 | $65,300 +5341.7% |
| 2004 | -- | $1,200 |
Find assessor info on the county website
Neighborhood: 47167
Nearby homes
- $204,4004 bd2 ba1.2k sqft543 Colony Dr, Salem, IN 47167Off Market
- $180,6003 bd1 ba1.4k sqft1109 N Independence Pl, Salem, IN 47167Off Market
- $180,8003 bd1 ba1.4k sqft1109 Independence Pl, Salem, IN 47167Off Market
- $162,2003 bd1 ba1.2k sqft1112 N Parkview Dr, Salem, IN 47167Off Market
- $165,3003 bd1 ba1k sqft1110 N Parkview Dr, Salem, IN 47167Off Market
- $149,9003 bd1 ba1k sqft544 E Colony Dr, Salem, IN 47167Sold
- $171,5003 bd1 ba1k sqft1108 N Parkview Dr, Salem, IN 47167Off Market
- $200,0003 bd1 ba1k sqft1108 Parkview Dr, Salem, IN 47167Sold
Nearby schools
GreatSchools rating
- 7/10Bradie M Shrum Lower ElementaryGrades: PK-5Distance: 0.9 mi
- 7/10Salem Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Salem High SchoolGrades: 9-12Distance: 1 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$178,100
2% more
+$3,562
With Zillow Showcase(estimated)
$181,662
- Indiana
- Washington County
- Salem
- 47167
- 543 E Colony Drive
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Salem Topics
