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506 South Main Street

506 South Main Street, Salem, IN 47167
Commercial in Washington
506 South Main Street has been categorized by the local assessors in Salem, IN as a vacant type of property. The linear feet between the front and back of the lot is 3,000 ft and across the front of the lot is 900 ft. The area measurement of the land has been determined as 27,007 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Finally, the property is currently sourcing its water from none system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 506 South Main Street was last sold in Apr 20, 2022 for $150,000. Current property owners are expected to pay $1,215 in taxes per year. The property on 506 South Main Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $40,500. To break that down further, the land itself was valued at $40,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 27,007
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 900
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Vacant
  • Subdivision: R C MORRIS ADDITION
  • Land Acres: 0.62
  • Standard Land Use Code: Commercial-vacant land
  • Legal Description 1: 13-20-221-013.000-22 R.C. MORRIS PT LOT 1 ( 6' ACROSS ENTIRE S-SIDE OF PT LOT # 1 R C MORRIS ADD. ORD.#1397 2011-2461 0.62AC

Ownership

  • Current Owner : HARDING ENTERPRISES 506 S MAIN ST LLC
  • Previous Owner : SOWDER LESTER B
  • Previous Owner 2: IRRE RHONDA
  • Owner Before Previous Owner: SOLIDAY NATHAN
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 12, 2024

Neighborhood

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

Geography

  • Assessors Map Reference: MP 221.000
  • Account Number: 0220025220
  • District: 0013
  • Parcel: 88-24-20-221-013.000-022
  • Lot: 1
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 38.6
  • Longitude: -86.1

    Address

  • Full Address: 506 S Main St
  • Address - House Number: 506
  • Street Direction: S
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IN
  • City Name: Salem
  • Carrier Code: C002
  • 4-Digit Zip Code: 1128
  • Zip Code: 47167

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,215
  • Tax Rate Code Area: 22:SALEM C

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,023,790
  • First Open Lien Mortgage Lender: COMMUNITY NATIONAL BANK & TRUS
  • First Open Lien Mortgage Recording Date: May 22, 2023
  • First Open Lien Mortgage Loan Amount: $1,023,790
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: May 16, 2033

    Market Valuation

  • Market Total Value: $40,500
  • Market Land Value: $40,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,500
  • Assessed Land Value: $40,500

    Sales

  • Current Sale Contract Date: Apr 20, 2022
  • Current Sale Recording Date: Apr 27, 2022
  • Current Sale Transaction ID: 11886767894
  • Current Sale Price: $150,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1724
  • Previous Sale Recording Date: Nov 18, 2009
  • Previous Sale Contract Date: Nov 18, 2009
  • Previous Sale Document Type: Sheriff's Deed

About Salem



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 506 South Main Street located in?
The 506 South Main Street is a commercial located in the neighborhood of Washington in Salem, Salem.
What is the average sales price for listings in 506 South Main Street?
The average sales price for units in 506 South Main Street is $0 currently.

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