For sale

$269,900

550 W Water Tower Road, Salem, IN 47167

3beds

2,080sqft

Est.:

Single Family Residence

Built in 1982

1 Acres Lot

$262,100 Zestimate^®

$130/sqft

$-- HOA

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.

4 days

406

18

Tour with a local agent

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: $130/sqft
Tax assessed value: $147,100
Annual tax amount: $493
Date on market: 5/4/2026
Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Road surface type: Paved

Estimated market value

$262,100

$249,000 - $275,000

$1,283/mo

Price history

Date	Event	Price
5/4/2026	Listed for sale	$269,900$130/sqft
Source: SIRA #202607925 Report a problem

Public tax history

Year	Property taxes	Tax assessment
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