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Sold for $249,900
  • $249,900

    550 W Water Tower Road, Salem, IN 47167

    3beds
    2,080sqft
    Single Family Residence
    Built in 1982
    1 Acres Lot
    $249,900 Zestimate®
    $120/sqft
    $1,503 Estimated rent

    Home value

    $249,900

    Estimated sales range

    Not available

    $1,503/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Debbie Curtis,

    Mainstreet REALTORS

    Bought with:

    Mary McCoskey Finkle, RB14026176

    Mainstreet REALTORS

    Source: SIRA,MLS#: 202607925MLS LogoOriginating MLS: Southern Indiana REALTORS Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Rooms
    • Room types: Family Room
    Primary bedroom
    • Description: Flooring: Laminate
    • Level: First
    • Dimensions: 9 x 19
    Bedroom
    • Description: Flooring: Laminate
    • Level: First
    • Dimensions: 9 x 10
    Bedroom
    • Description: Flooring: Laminate
    • Level: First
    • Dimensions: 12 x 11
    Dining room
    • Description: Flooring: Laminate
    • Level: First
    • Dimensions: 11.4 x 8.2
    Family room
    • Description: Flooring: Laminate
    • Level: First
    • Dimensions: 26 x 20
    Other
    • Description: Flooring: Laminate
    • Level: First
    • Dimensions: 7.4 x 11
    Kitchen
    • Description: Flooring: Laminate
    • Level: First
    • Dimensions: 11.2 x 10.8
    Living room
    • Description: Flooring: Laminate
    • Level: First
    • Dimensions: 14.7 x 13.2
    Heating
    • Baseboard, Other
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Dryer, Microwave, Oven, Range, Refrigerator, Washer
    • Laundry: In Basement, Laundry Closet
    Features
    • Ceiling Fan(s), Eat-in Kitchen, Main Level Primary, Wood Burning Stove
    • Basement: Full,Finished
    • Has fireplace: No
    • Fireplace features: None, Wood Burning, Wood BurningStove
    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

    Property

    Parking
    • Total spaces: 1
    • Parking features: Attached, Carport, Garage, Garage Faces Side, Garage Door Opener
    • Attached garage spaces: 1
    • Has carport: Yes
    • Details: Off Street
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Deck, Porch
    • Exterior features: Deck, Landscaping, Porch
    Lot
    • Size: 1 Acres
    • Dimensions: 1.0
    • Features: Garden
    Details
    • Additional structures: Shed(s), Gazebo
    • Parcel number: 882405000008000021
    • Zoning: Residential
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: One Story
    • Property subtype: Single Family Residence
    Materials
    • Brick, Frame
    • Foundation: Poured
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1982

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Connected, Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $120/sqft
    • Tax assessed value: $158,900
    • Annual tax amount: $493
    • Date on market: 5/4/2026
    • Cumulative days on market: 81 days
    • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/24/2026Sold$249,900$120/sqft
    Source: SIRA #202607925 Report a problem
    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
    2025$454 +41.7%$158,900 +8%
    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

    Neighborhood: 47167

    Nearby schools

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