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205 E Arthur Street, Salem, IN, 47167

1beds
1baths
720sqft
$144,900
$201price/sqft
$1,258/moest. monthly cost
$50,320/yrincome needed

About This Home

Adorable MOVE IN READY Bungalow with a 16 x 24 detached BLOCK GARAGE with electric and concrete floor and full size BASEMENT. Lots of CHARACTER with this 1 Br. 1 BA home that has a large level mostly fenced yard. Amenities include formal dining room, arched doorways, laminate floors, covered front porch and a back patio. Save gas money with this GREAT LOCATION that is conveniently located close to several restaurants, retail stores, grocery store and drug store.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

7/10
6/10
Salem Middle SchoolGrades 6-81.2 mi
4/10
Salem High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1946

Materials

  • Foundation: Poured
  • Roof: Shingle
  • Construction materials: Vinyl Siding,Frame

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Sump Pump

Bedroom

  • Level: First
  • Dimensions: 11 x 10.5

Bedrooms & Bathrooms

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

Dining Room

  • Level: First
  • Dimensions: 11.5 x 11.5

Features

  • Separate/Formal Dining Room,Eat-in Kitchen,Bath in Primary Bedroom,Main Level Primary,Natural Woodwork
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 720

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: None

Interior Area

  • Total structure area: 720
  • Total interior livable area: 720 sqft

Kitchen

  • Level: First
  • Dimensions: 11 x 10.6

Living Room

  • Level: First
  • Dimensions: 11.3 x 13.4

Other

  • Level: First
  • Dimensions: 7 x 7

Property

Details

  • Parcel number: 882420224002000022
  • Zoning: Residential
  • Zoning description: Residential

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Patio,Porch
  • Exterior features: Porch,Patio

Lot

  • Lot size: 0.29 Acres
  • Features: Garden
  • Lot size dimensions: .29

Parking

  • Total spaces: 1
  • Parking features: Detached,Garage Faces Front,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Tornado
Inland Flooding
Strong Wind
Winter Weather
Cold Wave
Earthquake
Heat Wave
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 $732$8,784
Home Insurance *$125$1,500
Property Taxes $217$2,604
Electricity $184$2,212
Total$1,258$15,096
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$43,131/yr
40% on housing$37,740/yr
45% on housing$33,546/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

$201This listing

vs Other Active Listings

Avg $/sqft

ZIP 47167$105
Washington County$110

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
2026-04-06Listed for sale$159,900

For Sale by Agent

AgentDebbie Curtis
BrokerageMainstreet REALTORS

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