Check Availability
Salem 47167
506 W Mulberry Street
$199,900
↓ $10K (4.8%)
House - For Sale

506 W Mulberry Street

Salem, IN 47167
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1612 Sqft
$1,049
Estimated Monthly
$0
HOA / Fees
9.22%
Cap Rate

About This Property

Large Reduction! Come check out this 2bd/2ba home on corner lot in downtown Salem! 1bd/Studio apartment upstairs above garage with bathroom for additional living space (perfect for kids or guests to have their own space)! New Roof on house! 2car detached garage, 2 sheds for additional storage! Laminate flooring throughout the home. Tile in bathrooms! Kitchen appliances stay! Affordable utilities! Sold As-Is but lender required repairs will be considered. Inspections welcomed. Deck painting and Pressure wash will be done before closing. Sellers are related to listing agent

The manager has listed the unit size as 1612 square feet.
Unit Size
1,612Ft²
Days on Market
37 days
Land Size
0.27 acres
Price per sqft
$124
Property Type
House
Property Taxes
$67
HOA Dues
-
Year Built
1926
Listed By
Last updated: 10 days ago (SIREAIN #202406677)

Price History

Date / Event Date Event Price
Apr 21, 2024 Price Decreased $199,900
↓ $10K (4.8%)
Price Decreased
Apr 21, 2024 Relisted $209,900
Relisted
Apr 20, 2024 No longer available -
No longer available
Apr 4, 2024 Price Decreased $209,900
↓ $15K (6.7%)
Price Decreased
Mar 24, 2024 Listed by Mainstreet Realtors $224,900
Listed by Mainstreet Realtors
Show More

Property Highlights

Air Conditioning
With View
Interior Details

Interior Information

Deck

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1940
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Floor Count: 1
  • Basement Area: 0
  • Garage Square Area: 776
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 11,631
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 760
  • Total Building Area: 1,036
  • Building Area: 1,036
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,036
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: HATTIE D MANLEYS SUBDIVISION
  • Land Acres: 0.267
  • Legal Description 1: 13-17-332-036.000-22 MANLEY LOT 4 PLUS 6' SOUTH SIDE LOT 4

Ownership

  • Current Owner : PEACOCK CHRIS L
  • Current Owner 2: PEACOCK GLORIA A
  • Previous Owner : THIXTON KATHERINE W
  • Previous Owner 2: WILLIAMS KATHERINE W
  • Owner Before Previous Owner: SALEM PROPERTY INVESTMENTS INC
  • Is Owner Occupied: unknown

Neighborhood

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

Geography

  • Assessors Map Reference: MP 332.000
  • Account Number: 882417332036000022
  • District: 0013
  • Parcel: 88-24-17-332-036.000-022
  • Lot: 4
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 38.6074
  • Longitude: -86.1072

    Address

  • Full Address: 506 W Mulberry St
  • Address - House Number: 506
  • Street Direction: W
  • Address - Street Name: Mulberry
  • Address - Suffix Type: St
  • State: IN
  • City Name: Salem
  • Carrier Code: C004
  • 4-Digit Zip Code: 1561
  • Zip Code: 47167

Valuation

    Tax

  • Total Area: 1,036
  • Tax Year: 2022
  • Tax Amount: $801
  • Tax Rate Code Area: 22:SALEM C

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 232,854
  • High Value: 276,483
  • Low Value: 189,225

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $158,057
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Sep 19, 2022
  • First Open Lien Mortgage Loan Amount: $142,790
  • First Open Lien Mortgage Term: 348
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051
  • Second Open Lien Mortgage Lender: INDIANA HOUSING & COMMUNITY DE
  • Second Open Lien Mortgage Recording Date: Oct 11, 2021
  • Second Open Lien Mortgage Loan Amount: $5,089
  • Second Open Lien Mortgage Term: 36
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: unknown
  • Second Open Lien Mortgage Loan Due Date: Sep 29, 2024
  • Third Open Lien Mortgage Lender: INDIANA HOUSING AND COMMUNITY
  • Third Open Lien Mortgage Recording Date: Nov 09, 2021
  • Third Open Lien Mortgage Loan Amount: $5,089
  • Third Open Lien Mortgage Term: 36
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: unknown
  • Third Open Lien Mortgage Loan Due Date: Sep 29, 2024
  • Fourth Open Lien Mortgage Lender: INDIANA HOUSING AND COMMUNITY
  • Fourth Open Lien Mortgage Recording Date: Sep 19, 2022
  • Fourth Open Lien Mortgage Loan Amount: $5,089
  • Fourth Open Lien Mortgage Term: 24
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: unknown
  • Fourth Open Lien Mortgage Loan Due Date: Sep 20, 2024

    Market Valuation

  • Market Total Value: $87,900
  • Market Land Value: $14,000
  • Market Improvement Value: $73,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,900
  • Assessed Land Value: $14,000
  • Assessed Improvements Value: $73,900

    Sales

  • Current Sale Contract Date: Sep 29, 2021
  • Current Sale Recording Date: Oct 11, 2021
  • Current Sale Transaction ID: 11859673747
  • Current Sale Price: $144,700
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 20214681
  • Previous Sale Recording Date: Feb 23, 2010
  • Previous Sale Amount: $88,400
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Oct 11, 2021
  • First Mortgage Loan Amount: $142,790
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Oct 01, 2051
  • Second Mortgage Lender: INDIANA HOUSING & CMNTY DEV
  • Second Mortgage Transaction Date: Oct 11, 2021
  • Second Mortgage Loan Amount: $5,089
  • Second Mortgage Loan Due Date: Sep 29, 2024

    Previous Mortgages

  • Previous Mortgage Lender: FIRST LIBERTRY FINANCIAL GROUP
  • Previous Mortgage Transaction Date: Feb 23, 2010
  • Previous Mortgage Loan Amount: $87,191
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: unknown
  • Previous Mortgage Loan Due Date: Mar 01, 2040

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,520 ft²
$132/ft²
$199,900 Mar 12, 2024
-
$115/mo
Commercial
Loft
-
1,440 ft²
$139/ft²
$200,000 Jan 5, 2024
-
$223/mo
Commercial
Loft
-
10,246 ft²
$19/ft²
$199,000 Aug 3, 2023
-
$116/mo
Commercial
Loft
-
10,295 ft²
$19/ft²
$199,900 Apr 9, 2024
-
$215/mo

About Salem


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Nearby Rentals



Frequently Asked Questions

When was property at 506 West Mulberry Street built and last sold?
The property at 506 West Mulberry Street was built in 1926 and last sold on Sep 29, 2021 for $144,700.
How much is this home worth?
The estimated value of the home located at 506 West Mulberry Street is $220,373.
What are some comparable homes to 506 West Mulberry Street?
Homes that are comparable to 506 West Mulberry Street include a house property at 905 West Walnut Street, a commercial property at 1000 West Market Street, 300 West Mulberry Street.

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