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$189,900

407 N Main Street Salem, IN  47167

  • 4 Beds
  • 1 Baths
  • 2,189 sq. Ft

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Property Description for 407 N Main Street Salem, IN 47167

What a great LOCATION!! FANTASTIC BUSINESS OPPORTUNITY!! Great commercial building or residential home with CHARACTER on the HISTORIC North Main Street. This is the former James L. Tucker house with lots of history, original HARDWOOD FLOORS, NATURAL WOODWORK THROUGHOUT, The house on the property is currently being utilized as a successful Airbnb. Also, in the rear there is a carriage house, now converted into 2 efficiency rental apartments for additional income. Updated wiring a few years ago, Boiler in cellar is 17 yrs. old, tankless water heater, replacement windows throughout downstairs (except sunroom). 8 parking spaces in the rear and street parking out front.

Address:407 N Main Street Salem IN 47167
Status:Active
on site: 1 hr 57 mins
Price:$189,900
Bedrooms:4 Beds
Bathrooms:1 Full Baths
Sq. Feet:2,189
Year Built:1940
Lot Size:0.20
County: Washington
Township: Washington
MLS #:2024011897
Property Type:Residential

Lot Dimensions:8712
Road Surface:Paved
Lot Features:CornerLot
Utility Options:SewerAvailable
Zoning:Commercial
Building Utilities:SewerAvailable
Water Source:Connected, Public
Directions:Go North through the stoplight on 135/56, property is 3rd house on the right.
Upper Level Sq. Ft. :2,189
Total Sq. Ft. :2,189
Sq. Ft. Source:Assessor
Basement:Yes

Loan Price
$1,301
Price And Interest $991/month
Property Tax $231/month
MTG INS $0/month
HOME INS $79/month
Price
$189,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$231/month
Home Owner Insurance
$948 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$1,386
Mandatory HOA Fee:$

Area: Downtown
City:Salem
Zip Code:47167

Total Sq. Ft.:2,189
Interior Features:Attic, CeilingFans, SeparateFormalDiningRoom, EntranceFoyer, EatInKitchen, InLawFloorplan, MainLevelPrimary, MudRoom, UtilityRoom, NaturalWoodwork
Appliances:Dishwasher, Oven, Range, Refrigerator
Porch / Patio:Covered, Patio
Exterior Features:PavedDriveway, Patio
Exterior Type:VinylSiding, Frame
Cool:WindowUnits, WallWindowUnits
Heat:ForcedAir, HotWater
Total Rooms:11
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Mary McCoskey Finkle with Mainstreet REALTORS

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Salem Market Report

189
Avg. DOM
$116.64
Avg. $ / Sq.Ft.
$ 199,900
Med. List Price

The house prices in Salem are indeed dropping at the moment. There has been a decrease in price of $409,142.50. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Salem are going Down. The average house price is $194,900.00 and the average price per square feet is $110.81 per square feet. At the moment, the amount of homes listed is exactly 132 houses, with 12 with active status, 4 with pending status and 116 sold in Salem .

The most popular place to buy a home in Salem is 8806 - Washington - Washington. 8806 - Washington - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Salem .

The average amount of property taxes you would have to pay for a home in Salem is $1,670.39. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Salem are staying listed for an average of 97 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Salem was 2419 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Salem is $599,900.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Salem is $44,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Salem in year 1928 and the newest built house is in year 2004.

The average size of properties in Salem is 1969.83 sq.ft. , the biggest one being 4026 sq.ft. and the smaller being 646 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.