OFF MARKET

Off market oct 2016 for $204K

$359,064

Est. refi paymentEst. refi $1,423/mo

•

3,286

sq ft

1040 W Water Tower Rd, Salem, IN 47167

About this home

Beautiful 4 Br. 2 BA brick country home with 2.5 Ac. in a wooded park like setting and a full finished walk out basement. Home features a gas log fireplace, new pergo flooring, tile floors, updated windows and wrap around deck for entertaining. Nice 2.5 attached garage has large storage closet. Master suite has a walk in closet and a newly remodeled master bath with tiled shower and jet tub. Basement has a large family room and lots of additional storage and walks out to a patio. Also, there is a 3 car heated detached garage with 4 overhead doors, 100 amp service, bathroom and water access. Recently sealed black top driveway. Additional 12 x 16 garage with electric and concrete floor. Kids play yard and trampoline stays with the home. This move in ready home is in a great location just 2.5 miles from Salem and just off hwy. 135.

Single-familyProperty Type

1979Year Built

2.5 acresLot Size

$109Est. Price/Sq.Ft.

5 car garageParking

Listed by Debbie Curtis • Mainstreet REALTORS

Bought with Mandy Chastain • Mainstreet REALTORS

Redfin checked: 3 minutes ago

•Source:SIRA #201604590

Redfin Estimate

$359,064

$155K since sold in October 2016$19K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 24.1% higher than the average sale price ($289K) of 6 comparable homes.

SOLD SEP 18, 2026
$359,000
A
3 beds2 baths2,514 sq ft
747 E Lewellen Rd, Salem, IN 47167
SOLD JUL 23, 2026
$290,000
B
3 beds2.5 baths2,724 sq ft
569 N Rush Creek Rd, Salem, IN 47167
SOLD JUL 24, 2026
$249,900
C
3 beds1 bath2,080 sq ft
550 W Water Tower Rd, Salem, IN 47167
SOLD MAY 26, 2026
$263,000
D
3 beds1.5 baths2,664 sq ft
2018 N Sparks Ferry Rd, Salem, IN 47167
SOLD SEP 4, 2026
$340,000
E
3 beds3 baths2,728 sq ft
1499 E Rudder Rd, Salem, IN 47167
SOLD MAR 30, 2026
$234,500
F
3 beds3 baths2,888 sq ft
113 Maruth Dr, Salem, IN 47167

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Earn from this home

Refinance

Est. cash available

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Rent

$1,157/mo

Redfin rental estimate

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Market trends in 47167, IN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

95.8%

+0.1% MoM

Median sale price

$167K

$30K MoM

Avg. days on market

55d

15 days MoM

Recently sold homes

1 MoM

New listings for sale

$199,900
3 beds2 baths1,208 sq ft
212 Willow St, Salem, IN 47167
$199,900
3 beds1.5 baths1,420 sq ft
708 N Water St, Salem, IN 47167
$625,000
3 beds2.5 baths2,894 sq ft
2620 W Cody Rd, Salem, IN 47167
$209,900
2 beds2 baths2,040 sq ft
404 E Mulberry St, Salem, IN 47167
$230,000
3 beds2 baths1,304 sq ft
412 S Highland Dr, Salem, IN 47167
$225,000
4 beds3 baths2,345 sq ft
203 S Shelby St, Salem, IN 47167
See all

Provided by Redfin

Sale history for 1040 W Water Tower Rd

Date

Event

Price

SIRA #201604590

Oct 4, 2016

Sold

$204,000

$62/sq ft

Jul 13, 2016

Listed

$219,900

$67/sq ft

IRMLS #201632935

Oct 4, 2016

Sold

$204,000

$62/sq ft

Jul 13, 2016

Listed

$219,900

$67/sq ft

+31

IRMLS #25366

Jan 8, 2015

Sold

$183,000

$56/sq ft

Aug 4, 2014

Listed

$189,900

$58/sq ft

+31

SIRA #201405564

Jan 8, 2015

Sold

$183,000

$56/sq ft

Aug 4, 2014

Listed

$189,900

$58/sq ft

Year

Property tax

Land + Additions

Assessment*

2024

$2,753

$26,000 + $243,500

$269,500

2023

$2,753 (+1.4%)

$26,000 + $227,900

$253,900

2022

$2,716 (+9.4%)

$26,000 + $219,600

$245,600

2021

$2,482 (+8.1%)

$26,000 + $191,800

$217,800

2020

$2,296 (+6.2%)

$26,000 + $176,300

$202,300

2019

$2,162 (+7.2%)

$26,000 + $170,000

$196,000

2018

$2,017 (+16.0%)

$26,000 + $154,900

$180,900

2017

$1,738 (+14.6%)

$26,000 + $155,700

$181,700

2016

$1,516 (+5.3%)

$26,000 + $154,200

$180,200

2015

$1,440 (−18.7%)

$26,000 + $154,400

$180,400

2013

$1,772

$26,000 + $153,000

$179,000

Tax history for 1040 W Water Tower Rd

Year

Property tax

Land + Additions

Assessment*

2024

$2,753

$26,000 + $243,500

$269,500

2023

$2,753 (+1.4%)

$26,000 + $227,900

$253,900

2022

$2,716 (+9.4%)

$26,000 + $219,600

$245,600

2021

$2,482 (+8.1%)

$26,000 + $191,800

$217,800

2020

$2,296 (+6.2%)

$26,000 + $176,300

$202,300

2019

$2,162 (+7.2%)

$26,000 + $170,000

$196,000

2018

$2,017 (+16.0%)

$26,000 + $154,900

$180,900

2017

$1,738 (+14.6%)

$26,000 + $155,700

$181,700

2016

$1,516 (+5.3%)

$26,000 + $154,200

$180,200

2015

$1,440 (−18.7%)

$26,000 + $154,400

$180,400

2013

$1,772

$26,000 + $153,000

$179,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

1.5

Stories

Lot width

—

Lot depth

—

Lot size

2.5 Acres

Year renovated

1979

Sq. Ft.

1,643

Year built

1979

Style

Single Family Residential

County

Washington County

APN

882406000002000021

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

Property details

Parking

Garage/Carport Information
Has Garage
Has Attached Garage
# of Garage Spaces: 5

Parking
Features: Attached, Detached, Garage Faces Front, Garage, Garage Faces Rear, Garage Faces Side, Garage Door Opener

Interior

Bathroom Information
# of Full Bathrooms: 2
# of Half Bathrooms: 1

Room Information
# of Rooms (Total): 8
Has Basement
Basement Information: Full, Finished, Walk-Out Access

Room 1 Information
Family Room
Level: First
Flooring: Carpet
Dimensions: 28.50 x 51.40
Length: 51.4
Width: 28.5

Room 2 Information
Dining Room
Level: First
Flooring: Laminate
Dimensions: 10.00 x 13.60
Length: 13.6
Width: 10.0

Room 3 Information
Bedroom
Level: First
Flooring: Laminate
Dimensions: 11.20 x 11.10
Length: 11.1
Width: 11.2

Room 4 Information
Kitchen
Level: First
Flooring: Laminate
Dimensions: 14.20 x 10.80
Length: 10.8
Width: 14.2

Room 5 Information
Living Room
Level: First
Flooring: Laminate
Dimensions: 15.90 x 21.30
Length: 21.3
Width: 15.9

Room 6 Information
Bedroom
Level: First
Flooring: Laminate
Dimensions: 12.40 x 13.00
Length: 13.0
Width: 12.4

Room 7 Information
Bedroom
Level: Lower
Flooring: Carpet
Dimensions: 13.10 x 15.20
Length: 15.2
Width: 13.1

Room 8 Information
Level: First
Flooring: Laminate
Dimensions: 14.60 x 15.70
Length: 15.7
Width: 14.6

Laundry Information
Features: Main Level, Laundry Room

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Features: Gas

Equipment
Appliances: Dishwasher, Oven, Range, Refrigerator

Interior Features
Window Features: Blinds, Thermal Windows
Other Features: Ceiling Fan(s), Separate/Formal Dining Room, Jetted Tub, Bath in Primary Bedroom, Main Level Primary, Mud Room, Utility Room, Window Treatments

Exterior

Building Information
Stories: 1
Construction Details: Brick, Frame

Exterior Features
Exterior Features: Deck, Paved Driveway, Patio
Patio And Porch Features: Deck, Patio
Other Structures: Garage(s), Shed(s)

Lot Information
Lot Size Area: 2.5
Lot Size Acres: 2.5
Lot Size Source: Assessor
Lot Features: Garden, Wooded
Road Surface Type: Paved
Zoning: Residential
Zoning Description: Residential

Property Information
Below Grade Finished Area: 1,643
Above Grade Finished Area: 1,643
Foundation Details: Poured

Financial

Tax Information
Annual Tax Amount: $1,440
Tax Year: 2015

Utilities

Utility Information
Sewer: Septic Tank
Water Source: Connected, Public

Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Forced Air

Public facts

Beds: 3
Baths: 1.5
Sq. Ft.: 1,643
Stories: 2.0
Lot Size: 2.5 acres
Style: Single Family Residential
Year Built: 1979
Year Renovated: 1979
County: Washington County
APN: 882406000002000021

Home facts updated by county records on Jul 20, 2026

Around this home

Schools

Bradie M Shrum Lower Elementary

Public PreK-5 • Assigned • 2.0mi

6/10

Salem Middle School

Public 6-8 • Assigned • 2.2mi

4/10

Salem High School

Public 9-12 • Assigned • 2.3mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 104° expected this year, 19 days in 30 years

2/10 Wind Factor

2% chance of strong winds in next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Salem, IN • 47167

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.6 hours in June and 3.6 hours in December, placing it below the U.S. average for solar exposure.

9.6 hrs

3.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$347,000 – $419,000

Sell confidently with a local market expert in Salem. 3 minutes to get started.

Nearby similar homes

$54,900

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9633 W Suder Ln, Campbellsburg, IN 47108

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New listings for sale in 47167

$199,900

3 beds2 baths1,208 sq ft

212 Willow St, Salem, IN 47167

$199,900

3 beds1.5 baths1,420 sq ft

708 N Water St, Salem, IN 47167

$625,000

3 beds2.5 baths2,894 sq ft

2620 W Cody Rd, Salem, IN 47167

$209,900

2 beds2 baths2,040 sq ft

404 E Mulberry St, Salem, IN 47167

$230,000

3 beds2 baths1,304 sq ft

412 S Highland Dr, Salem, IN 47167

$225,000

4 beds3 baths2,345 sq ft

203 S Shelby St, Salem, IN 47167

Home values near 1040 W Water Tower Rd

Data from public records.

Address	Redfin Estimate
496 W Water Tower Road, Salem, IN - Beds \| 1 Baths \| 1040 Sq. Ft.	$193,381
1229 W Water Tower Road, Salem, IN 3 Beds \| 2 Baths \| 2366 Sq. Ft.	$374,334

Address	Redfin Estimate
832 W Water Tower Road, Salem, IN 2 Beds \| 1 Baths \| 1400 Sq. Ft.	$207,336
550 W Water Tower Road, Salem, IN 3 Beds \| 1 Baths \| 2080 Sq. Ft.	$241,149

Address	Redfin Estimate
668 W Water Tower Road, Salem, IN - Beds \| 2 Baths \| 1932 Sq. Ft.	$228,921
580 W Water Tower Road, Salem, IN 3 Beds \| 1 Baths \| 1353 Sq. Ft.	$210,239

Property information provided by SIRA when last listed in 2016. This data may not match . Learn more.

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