Check Availability
Salem 47167
505 W Market Street
$269,900
↓ $30K (10%)
House - For Sale

505 W Market Street

Salem, IN 47167
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2712 Sqft
$1,439
Estimated Monthly
$0
HOA / Fees
6.27%
Cap Rate

About This Property

BRAND NEW WIRING THROUGHOUT! NEW PLUMBING! NEW RHEEM FURNANCE INSTALLED 11/10/23 !! OUTDOOR ENTERTAINER'S PARADISE with over 450 sq ft of deck, an outdoor bar, and hottub. Welcome to your dream home! This beautiful early 1900's Dutch Colonial Home is close to downtown, parks, and schools. This magnificent property features 3 spacious bedrooms, 2 bathrooms, and a sprawling 2,700 square feet of living space. The artroom, which is connected to the MASTER bedroom, would make a great nursey. New GE applainces in 2020. The guest house is 192 sq ft. featuring a bouns bedroom for guest and family. Call for Mainstreet Realtors for all your showings.

The manager has listed the unit size as 2712 square feet.
Unit Size
2,712Ft²
Days on Market
182 days
Land Size
0.28 acres
Price per sqft
$100
Property Type
House
Property Taxes
$114
HOA Dues
-
Year Built
1960
Listed By
Last updated: 3 months ago (SIREAIN #2023010330)

Price History

Date / Event Date Event Price
Jan 28, 2024 Price Decreased $269,900
↓ $30K (10%)
Price Decreased
Oct 30, 2023 Listed by Mainstreet Realtors $299,900
Listed by Mainstreet Realtors
OUTDOOR ENTERTAINER"S PARADISE with over 450 sq ft of deck, an outdoor bar, and hottub. Welcome to your dream home! This beautiful early 1900's Dutch Colonial Home is close to downtown, parks, and schools. This magnificent property features 3 spacious bedrooms, 2 bathrooms, and a sprawling 2,700 square feet of living space. The artwork room would make a great nursey. New GE applainces in 2020. The guest house is 192 sq ft. featuring a bouns bedroom for guest and family. The manager has…

Property Highlights

Fireplace
Air Conditioning
Interior Details

Interior Information

Deck

Fireplace Information

Fireplace

Basement Information

Basement

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Floor Count: 2
  • Basement Area: 623
  • Garage Square Area: 375
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 820
  • Total Building Area: 2,712
  • Building Area: 2,712
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,712
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Land Acres: 0.28
  • Legal Description 1: DEP. PT LOT 205

Ownership

  • Current Owner : REYNOLDS JON G
  • Current Owner 2: REYNOLDS KIMBERLY K
  • Previous Owner : WELLS JEFFREY L
  • Previous Owner 2: WELLS MYRA J
  • Owner Before Previous Owner: WELLS MYRA J
  • Is Owner Occupied: unknown

Neighborhood

  • School District Name: Salem Community Schools
  • Census Tract: 967500

Geography

  • Assessors Map Reference: MP 332.000
  • Account Number: 0220165417
  • District: 0013
  • Parcel: 88-24-17-332-085.000-022
  • Lot: 205
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 38.6059
  • Longitude: -86.1068

    Address

  • Full Address: 505 W Market St
  • Address - House Number: 505
  • Street Direction: W
  • Address - Street Name: Market
  • Address - Suffix Type: St
  • State: IN
  • City Name: Salem
  • Carrier Code: C004
  • 4-Digit Zip Code: 1410
  • Zip Code: 47167

Valuation

    Tax

  • Total Area: 3,335
  • Tax Year: 2022
  • Tax Amount: $1,365
  • Tax Rate Code Area: 22:SALEM C

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 311,346
  • High Value: 367,679
  • Low Value: 255,013

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $164,000
  • First Open Lien Mortgage Lender: SUCCESS MORTGAGE PARTNERS INC
  • First Open Lien Mortgage Recording Date: Nov 18, 2019
  • First Open Lien Mortgage Loan Amount: $164,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2049

    Market Valuation

  • Market Total Value: $157,100
  • Market Land Value: $14,400
  • Market Improvement Value: $142,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,100
  • Assessed Land Value: $14,400
  • Assessed Improvements Value: $142,700

    Sales

  • Current Sale Contract Date: Apr 30, 2018
  • Current Sale Recording Date: May 07, 2018
  • Current Sale Transaction ID: 11464274865
  • Current Sale Price: $134,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 20181546
  • Previous Sale Recording Date: Apr 30, 2018
  • Previous Sale Amount: $134,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: May 07, 2018
  • First Mortgage Loan Amount: $129,980
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: May 01, 2048

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
10,246 ft²
$24/ft²
$249,900 Aug 3, 2023
-
$116/mo
Commercial
Loft
-
13,440 ft²
$26/ft²
$352,000 Apr 7, 2023
-
$330/mo

About Salem


Similar Homes for Sale

Unit for sale at 48 Public Square, Salem, IN 47167

$352,000

  • Commercial
  • 13,440 ft²
48 Public Square, Salem, IN 47167 Listing by Melanie Wells
Unit for sale at 300 West Mulberry Street, Salem, IN 47167

$249,900

  • Commercial
  • 10,246 ft²
300 West Mulberry Street, Salem, IN 47167 Listing by Mary McCoskey Finkle

Nearby Rentals

Unit for rent at 301 S Main St 1, Salem, IN, 47167

$850 /mo

  • 2 Beds
  • 1 Bath
301 S Main St 1 #Unit 1, Salem, IN, 47167 Listing by Manager


Frequently Asked Questions

When was property at 505 West Market Street built and last sold?
The property at 505 West Market Street was built in 1960 and last sold on Apr 30, 2018 for $134,000.
How much is this home worth?
The estimated value of the home located at 505 West Market Street is $305,791.
What are some comparable homes to 505 West Market Street?
Homes that are comparable to 505 West Market Street include a commercial property at 300 West Mulberry Street, 48 Public Square, which are both great to check out.

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