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540 E Colony Drive Salem, IN $ 214,900
540 E Colony Drive
$ 214,900
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540 E Colony Drive

Salem, IN, 47167
$ 214,900
Bedrooms3 Baths1.0 Sq 1,118

Monthly Estimate*

$ 1,341

Single Family Home for sale in Salem, IN

for $214,900 with 3 bedrooms and 1 full bath. This 1,118 square foot home was built in 1990 on a lot size of 0.24.

This 3-bedroom, 1-bathroom house sits on 1,118 square feet of solid potential. This home is ready for someone with vision who appreciates a good foundation and the freedom to make it their own. The bones are strong here - structurally sound with some thoughtful updates already in place. You'll find new windows throughout and flooring in select areas, while the rest awaits your personal touch and style choices. The oversized living room gives you plenty of space to spread out, and those mature trees in the yard provide natural beauty and shade. Now, let's talk about that backyard - it's something special. The newly installed privacy fence creates your own private retreat. But the real showstopper is the finished shed that's been expertly crafted by local Amish. This isn't your typical storage shed. It features interior lighting, insulation, custom shelving, air conditioning, and its own separate 200-amp electrical service. It's practically a workshop, office, or hobby space waiting to happen. Close to restaurants, schools, and shopping, making daily life convenient without sacrificing the peaceful neighborhood feel. This property offers renovation potential for those who love projects, plus immediate outdoor enjoyment with that fantastic backyard setup. Whether you're a first-time buyer ready to build equity through improvements or someone looking for a solid home with unique features, this Salem property delivers both comfort and possibility.

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Single Family Active

Price

$ 214,900

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 961

Style

Lot Size

0.24

Year Built

1990

Town/City

Salem

County/Region

Washington

MLS | Web ID

2025010753

Features
General
Sewer Public Sewer
Heating Baseboard
Cooling Window Unit(s) WallWindow Unit(s)
Possession Negotiable
Roof Shingle
Appliances Dishwasher
Zoning Residential
Garage Spaces 1
Patio/Porch Features Deck
Architectural Style One Story
Construction Materials Frame Vinyl Siding
Year Built 1990
Stories Count 1
Township Washington
Levels One
Property Subtype Residential
County Washington
New Construction false
Property Type Residential
HOA false
Subdivision Name Rolling Way
Garage Y/N true
Other Structures Shed(s)
Total Rooms 8
Full Baths 1
Status Active
Directions GPS
City Salem
Zoning Description Residential
Lot Size Units Acres
Lot Size Square Feet 10454.4
Carport Y/N true
Listing Terms Conventional FHA USDA Loan VA Loan
Tax Annual Amount 961
Home Warranty Y/N false
Property Condition Resale
Standard Status Active
Occupancy Type Owner
Property Sub Type Additional Residential
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Interior
Interior Amenities Ceiling Fan(s) Eat-in Kitchen Open Floorplan
Basement Crawl Space
Fireplace Features None
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 1118
Half Baths 0
Laundry Features Main Level Laundry Room
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 1
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Exterior
Exterior Amenities Deck Fence Paved Driveway
Fencing Yard Fenced
Parking Features Carport
Water Source Connected Public
Lot Size Area 0.24
Foundation Details Block
Building Area Total 1118
Lot Size Acres 0.24
Road Surface Type Paved
Other Parking Off Street
Lot Size Source Assessor
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* Excluded Features
List By
Robin Bays

Listing Agent

Schuler Bauer Real Estate Services Era Powered

Broker

robinbays@schulerbauer.com

Email

Affordability Calculator

$1,421
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,341
Monthly Property Taxes
$80
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/17/2025$214,900 Listed Price

Map


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540 E Colony Drive, Salem, IN, 47167 is a Single Family Home for sale at $214,900 with 1,118 sqft and a lot size of 0.24. 540 E Colony Drive has 3 bedrooms, 1.0 baths, and was built in 1990. The property's zip code is 47167 which is in Salem, IN