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530 E Colony Drive, Salem, IN 47167

Rolling Way · Washington County

Key Facts

4Beds
1Baths
1,404Sq Ft
1979Year Built
0.23Lot (acres)

Description

PRICE IMPROVEMENT!! Check out this 4 bedroom 1 full bath home with Carport in Salem, Indiana. NEW ROOF in 2025. Good amount of square footage in this home with the large bedroom that could also be used for an additional living/area instead. Large Living Room leading to a spacious dining area in the kitchen that leads out to a great back yard with trees, privacy and shade!! Lots of closet space in this great home. Home needs a little TLC to make it your own but it is ready to move into and start enjoying. Backyard includes two storage areas/sheds great for storage or a small workshop. Schedule your appointment today!!

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

OneStory

Year Built

1979

Living Area

1,404 sq ft

Lot Size

0.23 acres

Zoning

Residential

Days on Market

17

MLS® Listing#

202609649

Property Features

Interior:
Ceiling Fan(s), Master Downstairs
Appliances:
Dishwasher, Microwave, Refrigerator
Cooling:
Ceiling Fan(s), Window Unit(s), Wall/Window Unit(s)
Heating:
Baseboard
Parking:
Carport
Construction:
Frame
Foundation:
Block
Roof:
Shingle
Other Structures:
Shed(s)
Utilities:
Water Connected
Sewer:
Public Sewer
Water Source:
Public

HOA & Tax

Annual Tax:
$1,038
Parcel #:
0220231408

Directions

530 Colony Dr. Salem, IN 47167

Affordability Calculator

$26,980

Estimated monthly payment

$718/mo

Principal $107,920 · Est. interest $150,558 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Salem, IN

$226,923
Median Listing Price
59
Median Days on Market
1,404
Median Sq Ft
$151
Median Price / Sq Ft
63
Active Listings
  • This home’s price is 41% below the area median.
  • Its price per sq ft is 36% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Salem, IN.

Location

  • 530 E Colony Drive, Salem, IN 47167

Nearby Schools

  • Salem Middle School

    Secondary · 0.8 mi away

  • Bradie Shrum Elementary

    Elementary · 0.8 mi away

  • Salem High School

    Secondary · 0.9 mi away

  • Salem Schools

    School · 1.0 mi away

  • West Washington School Corporation

    Elementary · 8.2 mi away

  • East Washington Middle School

    Secondary · 8.7 mi away

  • Southern Hills Mennonite School

    School · 11.1 mi away

  • William W Borden High School

    Secondary · 12.9 mi away

  • Borden Elementary School

    Elementary · 12.9 mi away

  • Medora Junior Senior High School

    Secondary · 14.8 mi away

  • Morgan Elementary School

    Elementary · 16.8 mi away

  • Scottsburg Senior High School

    Secondary · 17.4 mi away

  • Greenville Elementary School

    Elementary · 17.6 mi away

  • Scottsburg Elementary School

    Elementary · 17.7 mi away

  • Austin Elementary School

    Elementary · 17.7 mi away

  • Brownstown Elementary School

    Elementary · 17.7 mi away

  • Scott County School District 1

    School · 17.7 mi away

  • Vienna-Finley Elementary School

    Elementary · 17.8 mi away

  • Austin High School

    Secondary · 17.8 mi away

  • Austin Middle School

    Secondary · 17.8 mi away

Commute Calculator

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EXIT Agents in Salem

Listing Courtesy: Keller Williams Realty Consultants - 812-944-7024

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southern Indiana REALTORS® Association. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Southern Indiana REALTORS® Association. All Rights Reserved.

Last Updated: 2026-06-28

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by SouthernIndianaRealtorsAssociation. MLS® Listing#202609649. © 2026EXIT Realty®. All rights reserved.