531 E Colony Dr, Salem, IN 47167
Property image
Property image
OFF MARKET

$180,300

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,092 sqft

531 E Colony Dr, Salem, IN 47167

Est. Refi. Payment $1,117/mo*
Refinance Your Home
Currently Off Market - Sold Jun 20, 2024 for $145,000

Home Value

Trulia Estimate
$180K
Since last month
Decreased$1K (-0.7%)
Since last year
Increased$30K (+19.9%)
Since last sale
Increased$35K (+24.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +244% in the last 10 years
MonthEstimated value
2026
August 2026$180K
August 2026$180K
July 2026$182K
June 2026$185K
May 2026$185K
April 2026$184K
March 2026$180K
February 2026$172K
January 2026$161K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
805 N High St, Salem, IN
0.57
Single-Family Home
$138,000
07/16/26
3
1
2,280

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
527 E Colony Dr, Salem, IN 47167
0.03
$143,100
3
1
1,118
Off Market
523 E Colony Dr, Salem, IN 47167
0.05
$174,300
3
1
1,092
Off Market
517 E Colony Dr, Salem, IN 47167
0.09
$142,300
3
2
1,144
Off Market
521 E Colony Dr, Salem, IN 47167
0.07
$169,400
3
1
1,092
Off Market
519 E Colony Dr, Salem, IN 47167
0.08
$170,300
3
1
1,092
Off Market
515 E Colony Dr, Salem, IN 47167
0.11
$177,100
3
1
1,092
Off Market
535 E Colony Dr, Salem, IN 47167
0.03
$155,100
3
1
1,092
Off Market
1110 N Independence Pl, Salem, IN 47167
0.05
$162,200
3
1
1,092
Off Market
1108 N Independence Pl, Salem, IN 47167
0.05
$174,200
3
1
1,161
Off Market
537 E Colony Dr, Salem, IN 47167
0.05
$143,800
2
1
1,440
Off Market
530 E Pilgrim Way, Salem, IN 47167
0.03
$144,300
3
1
1,350
Off Market
526 E Pilgrim Way, Salem, IN 47167
0.04
$166,000
3
1
1,092
Off Market

Local Information

  • Map ViewExplore the area around 531 E Colony Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1979
1,092 sqft
$165/sqft
1 Car Garage

About this House

Come take a look at this adorable home in a quiet neighborhood in Salem! 100% USDA financing available! Whether you're a first time home buyer or looking for an investment, this 3 bedroom 1 bath home is a great choice. Fenced back yard has mature trees that provide plenty of shade. Shed in backyard for added storage for yard equipment.
531 E Colony Dr, Salem, IN 47167 is a 3 bedroom, 1 bathroom, 1,092 sqft single-family home built in 1979. It last sold for the $145,000 asking price on Jun 20, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $180,300, with a rent estimate of $1,406/month.
Last check for updates: about 2 hours ago
Listed by Rachel M Dreyer
Keller Williams Realty
Bought with: NON MEMBER
Source: Metro Search Inc. LLC DBA Apex MLS, MLS#1660687

Home Details for 531 E Colony Dr

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 8Types of Rooms: Primary Bedroom, Bedroom, Full Bathroom, Dining Room, Kitchen, Living Room, Other
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1092 Square Feet
Heating & Cooling
Heating: OtherHas CoolingAir Conditioning: Wall/Window Unit(s),Central AirHas Heating
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Stories: 1

Exterior Features

Exterior Home Features
Roof: ShingleFencing: Chain LinkFoundation: Crawl Space
Parking & Garage
Number of Garage Spaces: 1Number of Carport Spaces: 1Number of Covered Spaces: 2Has a CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1092 Square Feet

Property Information

Year Built
Year Built: 1979
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Wood Frame
Property Information
Parcel Number: 882408444027000022

Price & Status

Price
List Price: $145,000
Status Change & Dates
Off Market Date: Wed May 15 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: SalemCommunity: None

Building

Building Area
Building Area: 1092 Square Feet

HOA

No HOA

Lot Information

Lot Area: 10454.4 sqft

Miscellaneous

Mls Number: 1660687Above Grade Unfinished Area: 1092

Price and Tax history

DateEventPrice
Jun 20, 2024
Source: Metro Search Inc. LLC DBA Apex MLS #1660687
Sold
$145,000
May 16, 2024
Source: SIRA #202407794
Pending
$145,000
May 13, 2024
Source: SIRA #202407794
Listed For Sale
$145,000
Jan 24, 2015
Source: Agent Provided
ListingRemoved
$49,900
Jan 8, 2015
Source: Agent Provided
PriceChange
$49,900
Price decreased by 9%

Market trends in Salem

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
82
8MoM

Around this home

What Locals Say about Salem

At least 21 Trulia users voted on each feature.

  • 86 % Say parking is easy

  • 82 % Say car is needed

  • 81 % Say yards are well-kept

  • 68 % Say kids play outside

  • 65 % Say there's holiday spirit

  • 59 % Say it's dog friendly

  • 56 % Say it's quiet

  • 56 % Say people would walk alone at night

  • 55 % Say it's walkable to restaurants

  • 48 % Say they plan to stay for at least 5 years

  • 46 % Say it's walkable to grocery stores

  • 46 % Say neighbors are friendly

  • 39 % Say there's wildlife

  • 38 % Say there are sidewalks

  • 36 % Say streets are well-lit

  • 36 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Chiggerlove06
    "There is a good school system here. Law enforcement is very involved in the neighborhood. Crime rate is low compared to other towns."
    2
    Flag
  • Kate L.
    "you see people walking dogs all the time. there are not any dogs that constantly bark. it is a nice quiet area "
    0
    Flag
  • Shellee09
    "Nice quaint friendly town with a slow pace but has amenities and shops close decent schools great small town living "
    0
    Flag
  • Shy-Ann D.
    "Very busy and people in this town have no idea how to use our square to get around town. Also people are kind of rude in his town."
    0
    Flag
  • Karisutherlin
    "We have the John Hay Museum, Old settlers day, Friday Night on the square. We have parades before every holiday and it’s a community event. "
    0
    Flag
  • Bsteepleton
    "I like this neighborhood,,easy to get from place to place...makes for a good forever home.would recommend it to anyone "
    1
    Flag
  • Brooklyn B.
    "i love small town feel. knowing a lot of people is fun. helping the community grow is cool too. I hope this helped. "
    0
    Flag

LGBTQ Local Legal Protections

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. © 2026 Metro Search, Inc.

Frequently asked questions about 531 E Colony Dr

  • What is 531 E Colony Dr estimated to be worth?
    Trulia's estimated value for 531 E Colony Dr in Salem, IN is $180,300.
  • What is the price history for 531 E Colony Dr?
    531 E Colony Dr in Salem, IN last sold for $145,000 in June 2024.
  • Is Salem a buyer's or seller's market?
    Salem is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Salem?
    Residents describe Salem, IN as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See recently sold homes in Salem, IN.
  • Does 531 E Colony Dr have air conditioning?
    Yes, 531 E Colony Dr in Salem, IN has air conditioning.
  • How big is the lot at 531 E Colony Dr?
    The lot at 531 E Colony Dr in Salem, IN is about 0.24 acres (10,454 sq ft).

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