Sold
Last Sold Price
251,777 Lot Size5.78 Acres

4823 E Farabee Rd, Salem, IN 47167

LandProperty Type
5.78 acresLot Size

Description

Build your dream home on this 5.7 acre wooded property! Private and quiet! Property does have a structure on it, but it is a tear down. Call today! This property does have water, electric, and septic; just haven't been used in quite some time.Build your dream home on this 5.7 acre wooded property! Private and quiet! Property does have a structure on it, but it is a tear down. Call today! This property does have water, electric, and septic; just haven't been used in quite some time.
  • Listed by: Mary McCoskey Finkle • Mainstreet REALTORS
Listing closed: 11/11/2022 12:00 AM • Source: Indiana Regional MLS, MLS#: 202226283
See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Recent comparable sales

Median sold price

$46,000

Avg days on market

97

Sale-to-list ratio

86.2%

Salem, IN

9 comparable properties found

$43,000 | 116 South Hunter, Salem, IN 47167
1/3
1

$43,000

Sold 05/05/25

Unavailable
Bedrooms
0.5
Bathrooms
Unavailable
Square Feet
2.48
Acres
$42,000 | 48 Highlands Ridge Road, Salem, SC 29676
1/31
2

$42,000

Sold 11/25/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.88
Acres
$46,000 | S-28 Tamassee Ridge Way, Salem, SC 29676
1/22
3

$46,000

Sold 09/25/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.69
Acres
$43,000 | Lot E-29 Pine Ridge Way, Salem, SC 29676
1/12
4

$43,000

Sold 08/11/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.42
Acres
$49,576 | Lot 6 Lee Road 345, Salem, AL 36874
1/12
5

$49,576

Sold 03/23/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.65
Acres
$50,576 | Lot 7 Lee Road 345, Salem, AL 36874
1/11
6

$50,576

Sold 04/01/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.45
Acres
$90,000 | 4630 East Farabee Road, Salem, IN 47167
1/19
7

$90,000

Sold 03/03/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
5.53
Acres
$250,000 | 4616 East Farabee Road, Salem, IN 47167
1/19
8

$250,000

Sold 03/18/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
29.83
Acres
$36,000 | South South Boston Pekin Road, Salem, IN 47167
1/3
9

$36,000

Sold 09/25/25

Unavailable
Bedrooms
0.5
Bathrooms
Unavailable
Square Feet
1.84
Acres

Location

Listing Courtesy of Mainstreet REALTORS

Sold By Mainstreet REALTORS

Add your commute
Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$276 per month

30 year fixed, 7.03% Interest

Principal and Interest

$240

Property Taxes

$35

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.
Know your buying power with a preapproval and custom rate in minutes
Rocket Mortgage1

Property Information for 4823 East Farabee Road

Property Details

  • Taxes: $425 / year
  • MLS Type: Lots & Lands / Residential Land
  • Subdivision: Nally Farm Division
  • Waterfront: No

Building Information

  • Lot Size: 5.78 AC

Summary

Location and General Information
  • Area: Washington County
  • City: Salem
  • Zip Code: 47167
  • State: IN
  • Township: Pierce
  • Road Access: Other
  • Fips Code: 18175
  • Directions To Property: Head South on N Main towards E Mulberry. right onto Public square, right on S Main, left onto S Jackson, left on Farabee Rd. Property will be on the left.
  • Road Frontage: Other
Taxes and HOA
  • Parcel Description: Partially Wooded
  • Annual Taxes: $425
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2021/2022
  • Parcel Number Id: 88-14-01-000-001.001-013
School Information
  • School District: Salem Community Schools
  • Elementary: Bradie M Shrum
  • Middle School: Salem
  • High School: Salem

Property

Lot Information
  • Class: LOTS AND LAND
  • Property Subtype: Residential Land
  • Approx Lot Size Acres: 5.78
  • Lot Dimensions: 5.78
  • Approx Lot Size Sqft: 251777.0
Property and Assessments
  • Can Property Be Divided?: No
  • Curb: No
  • Documents Available: Other
  • Easements: No
  • Planned Unit Development: No
  • Platted Development: No
  • Structure/Building Improvements: No
  • Type Use: Residential
Utilities
  • Electricity Type: Other
  • Fuel Type: Other
  • Sewer Type: Other
  • Water Utility: Unknown

Interior and Exterior Features

Exterior Features
  • Platted: Yes
  • Rail Siding: No
  • Road Surface: Paved

Rental

Rental Information
  • Leased Acres: No

Property History for 4823 East Farabee Road

DateEvent & SourcePriceAppreciation
Nov 11, 2022

Sold

Indiana Regional MLS #202226283

$45,000—
Nov 2, 2022

Pending

Indiana Regional MLS #202226283

—
Jun 22, 2022

Listed (Active)

Indiana Regional MLS #202226283

$59,500—
DateEvent & SourcePrice
11/11/2022

Sold

Indiana Regional MLS #202226283

$45,000
11/02/2022

Pending

Indiana Regional MLS #202226283

—
06/22/2022

Listed (Active)

Indiana Regional MLS #202226283

$59,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 4823 East Farabee Road

This home is within East Washington School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
East Washington Elementary School
PublicPK to 4

East Washington Middle School
Public5 to 8

Eastern High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 47167

$199,900 | 212 Willow Street, Salem, IN 47167
1/34

$199,900

3
Bedrooms
1,208
Square Feet
0.29
Acres
$199,900 | 708 North Water Street, Salem, IN 47167
1/18

$199,900

3
Bedrooms
1,420
Square Feet
0.21
Acres
$625,000 | 2620 West Cody Road, Salem, IN 47167
1/42

$625,000

3
Bedrooms
2,894
Square Feet
12.60
Acres
$209,900 | 404 East Mulberry Street, Salem, IN 47167
1/41

$209,900

2
Bedrooms
2,040
Square Feet
0.31
Acres
$230,000 | 412 Highland Drive, Salem, IN 47167
1/41

$230,000

3
Bedrooms
1,304
Square Feet
0.26
Acres
$225,000 | 203 South Shelby Street, Salem, IN 47167
1/44

$225,000

4
Bedrooms
2,345
Square Feet
0.21
Acres
$370,000 | 2100 Quarry Road, Salem, IN 47167
1/42

$370,000

3
Bedrooms
2,305
Square Feet
1.64
Acres
$484,999 | 1870 North Sparks Ferry Road, Salem, IN 47167
1/41
Virtual Tour

$484,999

5
Bedrooms
3,200
Square Feet
1
Acres
$750,000 | 1562 Martinsburg Road, Salem, IN 47167
1/44

$750,000

4
Bedrooms
5,814
Square Feet
5.98
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 4823 East Farabee Road, Salem, IN 47167
$45,000
–
0.5
–
251,777
$45,000
–
–
–
251,341
$26,000
2
1,040
108,900
–
–
1
678
108,900
–
–
2
2,280
1,047,749
$200,000
3
1,456
119,528

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mainstreet REALTORS

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.