7197 E OLD 56, SALEM, IN 47167
OFF MARKET

$158,700

Trulia Estimate
  • Studio
  • 1 Bath
  • 1,756 sqft (on 5.02 acres)

7197 E OLD 56, SALEM, IN 47167

Est. Refi. Payment $981/mo*
Refinance Your Home

Home Value

Trulia Estimate
$159K
Since last month
Decreased$300 (-0.2%)
Since last year
Decreased$88K (-35.7%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +28% in the last 10 years
MonthEstimated value
2026
August 2026$159K
August 2026$159K
July 2026$159K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
Off N Side N, Scottsburg, IN 47170
0.38
$298,000
1
0.5
600
Off Market
Tract 1 N Leval Ratt Rd, Scottsburg, IN 47170
0.56
-
-
-
-
Off Market
Tract 3 N Leval Ratt Rd, Scottsburg, IN 47170
0.64
-
-
-
-
Off Market
2 N Leval Ratt Rd, Scottsburg, IN 47170
0.64
$275,000
-
-
-
Recently Sold
Side Leval Ratt Rd, Scottsburg, IN 47170
0.68
$200,000
-
-
-
Recently Sold

Local Information

  • Map ViewExplore the area around 7197 E OLD 56.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1986
5.02 acre lot
1,756 sqft
$90/sqft
Garage

About this House

This single-family home is located at 7197 E OLD 56, SALEM, IN. 7197 E OLD 56 is in SALEM, IN and in ZIP code 47167. This property has 1 bathroom and approximately 1,756 sqft of floor space. This property has a lot size of 5.02 acres and was built in 1986.
7197 E OLD 56, SALEM, IN 47167 is a studio, 1 bathroom, 1,756 sqft single-family home built in 1986. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $158,700, with a rent estimate of $1,613/month.

Home Details for 7197 E OLD 56

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 1

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1986
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 5.02 acres

Price and Tax history

YearProperty taxTax assessment
2016
$636
$102,700
Home facts updated by county records

Market trends in Salem

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
74
9MoM

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

Frequently asked questions about 7197 E OLD 56

  • What is 7197 E OLD 56 estimated to be worth?
    Trulia's estimated value for 7197 E OLD 56 in SALEM, IN is $158,700.
  • 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.
  • What are the closest schools to 7197 E OLD 56?
    The closest schools to 7197 E OLD 56 in SALEM, IN are Bradie M Shrum Lower Elementary (Pre-K, rated 6/10), Salem High School (rated 3/10), Salem Middle School (rated 4/10).
  • How big is the lot at 7197 E OLD 56?
    The lot at 7197 E OLD 56 in SALEM, IN is about 5 acres.
  • Does 7197 E OLD 56 have a garage?
    Yes, 7197 E OLD 56 in SALEM, IN has a garage.

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