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776 N Abbott Lane, Salem, IN, 47167

3beds
1baths
1,056sqft
$199,400
$189price/sqft
$1,682/moest. monthly cost
$67,280/yrincome needed

About This Home

This property presents a unique opportunity to own a charming Stone home situated in a serene neighborhood, conveniently located just six minutes from Salem Square. The residence boasts three spacious bedrooms, one bathroom, and features newly installed carpeting and flooring throughout. A private driveway and expansive concrete patio provide ample space for outdoor entertainment and relaxation. Additionally, the property includes a two-car garage with side entrance. Schedule a viewing today to explore this exceptional offering.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

7/10
6/10
Salem Middle SchoolGrades 6-82.4 mi
4/10
Salem High SchoolGrades 9-122.3 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1961

Type & Style

  • Home type: SingleFamily
  • Architectural style: One Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Main Level,Other

Bedroom

  • Level: First
  • Dimensions: 11.1 x 11.4

Bedroom

  • Level: First
  • Dimensions: 3.11 x 10.2

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,056

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,056
  • Total interior livable area: 1,056 sqft

Kitchen

  • Level: First
  • Dimensions: 10.90 x 18.7

Living Room

  • Level: First
  • Dimensions: 12.11 x 15.6

Master Bedroom

  • Level: First
  • Dimensions: 11.1 x 15.11

Property

Details

  • Parcel number: 0130125914

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.57 Acres

Parking

  • Total spaces: 2
  • Parking features: Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Tornado
Strong Wind
Winter Weather
Cold Wave
Drought
Earthquake
Inland Flooding
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,008$12,096
Home Insurance *$173$2,076
Property Taxes $317$3,804
Electricity $184$2,212
Total$1,682$20,184
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$57,668/yr
40% on housing$50,460/yr
45% on housing$44,853/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.0%
9.0%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.0%
0.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$189This listing

vs Other Active Listings

Avg $/sqft

ZIP 47167$104
Washington County$109

vs Homes Sold Last Month

Median $/sqft

ZIP 47167$131
Washington County$108

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-04Listed for sale$199,990
2024-11-09Listing removed$160,000
2024-09-19Listed for sale$160,000
2024-06-21Listing removed--
2024-03-21Listed for sale$175,000
2008-10-29Sold$73,275

For Sale by Agent

AgentMike Ashby
BrokerageA White House Realty

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