Skip main navigation
Pending
  • Price cut: $10K (5/28)
    $249,900

    550 W Water Tower Rd, Salem, IN 47167

    3beds
    2,080sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence
    Built in 1982
    1 Acres Lot
    $244,100 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Full finished basementCovered front porchCovered porch areaScreened in back porchOutside entertainment areasAll brick doll houseWood burning stove
    Adorable all brick doll house that you have been waiting for!! This home has a full finished basement with a 1 car garage, a covered front porch and a screened in back porch. The landscaping is amazing and the outside entertainment areas will be where you want to spend those wonderful evenings. There are 2 Gazebos, a firepit, carport and 2 cute outbuildings with lein to's and one with a work bench and a covered porch area. The home features a new metal roof, modern kitchen with all appliances included even washer and dryer. Bathroom has double sinks. New laminate flooring throughout, new light fixtures. The finished basement features a large family room and a wood burning stove to keep you warm. Laundry area is behind the newly installed barn doors. Great location with a 1 acre lot and a large level front and back yard. This property is located just 2.5 miles from Salem.
    49 days
    |
    707
    |
    30
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Debbie Curtis info@mainstreetrealtor.com,

    Mainstreet Realtors

    Source: IRMLS,MLS#: 202616357MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bedrooms: 3
      Bedroom 1
      • Level: Main
      Bedroom 2
      • Level: Main
      Dining room
      • Level: Main
      • Area: 88
      • Dimensions: 8 x 11
      Family room
      • Level: Basement
      • Area: 520
      • Dimensions: 20 x 26
      Kitchen
      • Level: Main
      • Area: 121
      • Dimensions: 11 x 11
      Living room
      • Level: Main
      • Area: 182
      • Dimensions: 13 x 14
      Heating
      • Electric, Baseboard, Other
      Cooling
      • Wall Unit(s)
      Appliances
      • Included: Microwave, Refrigerator, Washer, Dryer-Electric, Electric Range, Electric Water Heater
      Features
      • Bar, Ceiling Fan(s), Eat-in Kitchen, Double Vanity, Tub/Shower Combination, Main Level Bedroom Suite
      • Flooring: Laminate
      • Basement: Full,Finished,Concrete
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 2,080
      • Total interior livable area: 2,080 sqft
      • Finished area above ground: 1,040
      • Finished area below ground: 1,040
      Video & virtual tour

      Property

      Parking
      • Parking features: Garage Door Opener, Gravel
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Porch Covered, Screened
      • Exterior features: Fire Pit
      Lot
      • Size: 1 Acres
      • Features: Level, Rural, Landscaped
      Details
      • Additional structures: Outbuilding, Gazebo
      • Parcel number: 882405000008.000021

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1982

      Utilities & green energy

      • Electric: Jackson Co REMC
      • Sewer: Septic Tank
      • Water: City

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Salem

      Financial & listing details

      • Tax assessed value: $147,100
      • Annual tax amount: $493
      • Date on market: 5/4/2026
      • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $244,100

        $232,000 - $256,000

        $1,497/mo

        Price history

        DateEventPrice
        6/15/2026Pending sale$249,900
        Source: IRMLS #202616357 Report a problem
        5/28/2026Price change$249,900-3.8%$120/sqft
        Source: SIRA #202607925 Report a problem
        5/20/2026Price change$259,900-3.7%$125/sqft
        Source: SIRA #202607925 Report a problem
        5/4/2026Listed for sale$269,900$130/sqft
        Source: SIRA #202607925 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$320 -8.7%$147,100 +6.6%
        2023$351 +88%$138,000 +1.5%
        2022$187 +267.6%$136,000 +12%
        2021$51 $121,400 +8%
        2020-- $112,400 +7.6%
        2019-- $104,500 +8.6%
        2018-- $96,200 -1.8%
        2017-- $98,000 +0.9%
        2016-- $97,100 -0.5%
        2014-- $97,600 -0.1%
        2013-- $97,700 -8.9%
        2012$16 -29.7%$107,200 -0.6%
        2011$23 -95.8%$107,800 +7.4%
        2010$551 -1.7%$100,400 -6.4%
        2009$560 +18.9%$107,300 +3.5%
        2007$471 -49.3%$103,700 -10.4%
        2006$929 $115,700

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: 47167

          Getting around

          0 / 100
          Car-Dependent
          15 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Bradie M Shrum
          • Middle: Salem
          • High: Salem
          • District: Salem Community Schools

          Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

          A local agent can set up tours, give advice and negotiate with sellers.

          A local lender can help you make sure your offer is ready when you are.

          Browse local experts

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel