3139 W Water Tower Rd, Salem, IN, 47167
About This Home
Tucked away on 1.54 peaceful acres, this 2-bedroom, 1-bathroom ranch offers true turnkey living with nothing left to do. The metal roof is newer, and every other major system is new within the last year, including the HVAC (energy-efficient heat pump), central air, new electric service, water heater, plumbing, city water, water meter, fire hydrant, and septic system. The kitchen features new cabinets, countertops and stainless steel appliances; the bathroom has been fully updated; and fresh flooring and neutral paint run throughout, creating a bright, warm feel in every room. A large wraparound deck provides the perfect spot for morning coffee or evening relaxation. A new gravel drive leads back to a 30x40 pole barn wired for electricity and ready for a workshop, storage, or hobby space. The unfinished basement adds valuable extra storage space, completing a rare combination of peaceful acreage and low-maintenance living.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1940
Materials
- Foundation: Block
- Construction materials: Brick,Block
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,MicroHood,Electric Oven,Refrigerator
- Laundry features: Connections All,In Basement
Basement
- Has basement: Yes
- Basement: Daylight,Unfinished
Bedroom2
- Level: Main
- Area: 88
- Dimensions: 11x8
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Ceiling Fan(s),Eat-in Kitchen
- Window features: Wood Work Painted
- Finished area below ground: 0
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 1,664
- Total interior livable area: 1,664 sqft
Kitchen
- Level: Main
- Area: 128
- Dimensions: 16x8
Living Room
- Level: Main
- Area: 216
- Dimensions: 18x12
Master Bedroom
- Level: Main
- Area: 130
- Dimensions: 13x10
Property
Details
- Parcel number: 883335000017000021
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck,Patio
Lot
- Lot size: 1.54 Acres
- Features: Mature Trees
Parking
- Parking features: Gravel
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
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Drought
- Heat Wave
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,111 | $13,332 |
| Home Insurance * | $191 | $2,292 |
| Property Taxes | $213 | $2,556 |
| Electricity | $184 | $2,212 |
| Total | $1,699 | $20,388 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-09 | Price change | $209,900 |
| 2026-07-21 | Listed for sale | $219,900 |
| 2025-06-13 | Sold | $200,000 |
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