540 E Colony Drive, Salem, IN 47167
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
540 E Colony Drive,Salem, IN 47167
$214,900
- 3 Beds
 - 1 Baths
 - 1,118 sq. ft.
 - Single family
 - Active
 
Listed by:
- Robin Bays(812) 736 - 5515Schuler Bauer Real Estate ERA Powered
 
MLS#:2025010753
Source:IN_SIRA
Price summary
- Price:$214,900
 - Price per sq. ft.:$192.22
 
About this home
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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Home facts
- Year built:1990
 - Listing ID #:2025010753
 - Added:60 day(s) ago
 - Updated:November 01, 2025 at 03:05 PM
 
Rooms and interior
- Bedrooms:3
 - Total bathrooms:1
 - Full bathrooms:1
 - Living area:1,118 sq. ft.
 
Heating and cooling
- Cooling:Wall/Window Units, Window Units
 - Heating:Baseboard
 
Structure and exterior
- Roof:Shingle
 - Year built:1990
 - Building area:1,118 sq. ft.
 - Lot area:0.24 Acres
 
Utilities
- Water:Connected, Public
 - Sewer:Public Sewer
 
Finances and disclosures
- Price:$214,900
 - Price per sq. ft.:$192.22
 - Tax amount:$961
 
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