40 Public Square

40 Public Square in Salem, IN was first built in 1920 and is 104 years old. This has been categorized as a commercial property type. There are a total of 3 floors. The linear feet across the front of the lot is 440 ft and the linear feet between the front and back of the lot is 980. In total, the area measurement of the land is 4,269 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. Water for the property is sourced from none system. We do not have data on where the property's water is sourced from. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 40 Public Square sold most recently in Jul 11, 2023 for a total of $164,920. If you work out the math, that's approximately a cost of $16.24 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,161 in taxes each year. 40 Public Square was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $142,700. If we break it down further, the land itself was valued at $42,700. Improvements to the property, however, were assessed at a total of $100,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.