7231 E Old 56, Salem, IN 47167
Property image
Property image
OFF MARKET

$246,300

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,756 sqft (on 5.02 acres)

7231 E Old 56, Salem, IN 47167

Est. Refi. Payment $1,535/mo*
Refinance Your Home
Currently Off Market - Sold Jan 30, 2024 for $206,000

Home Value

Trulia Estimate
$246K
Since last month
Decreased$3K (-1.1%)
Since last year
Increased$6K (+2.5%)
Since last sale
Increased$40K (+19.6%)
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 +19% in the last 10 years
MonthEstimated value
2026
September 2026$246K
August 2026$249K
July 2026$250K
June 2026$254K
May 2026$250K
April 2026$250K
March 2026$243K
February 2026$237K
January 2026$238K
2025
2024
2023

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
7185 E Old 56, Salem, IN
0.27
Single-Family Home
$189,000
04/23/26
3
2
1,700
5881 E Old 56, Salem, IN
1.47
Single-Family Home
$217,850
07/24/26
4
2
1,792
2448 N Leval Ratt Road, Salem, IN
0.84
Single-Family Home
$295,000
08/26/26
5
-
2,612
6430 E Old 56, Salem, IN
0.89
Single-Family Home
$224,000
05/01/26
7
-
2,464
5978 E Old 56, Salem, IN
1.35
Single-Family Home
$309,900
06/05/26
4
2
1,408
1815 N Naugle Road, Salem, IN
1.52
Single-Family Home
$180,600
12/12/25
3
1
1,144
8091 E New Philadelphia Road, Salem, IN
1.97
Single-Family Home
$215,000
05/01/26
3
2
1,512
2476 N Old 56, Salem, IN
2.45
Single-Family Home
$232,000
05/22/26
4
2
1,340
2602 N Old 56, Salem, IN
2.42
Single-Family Home
$565,000
11/06/25
3
3
2,044
30 S Canton South Boston Road, Salem, IN
3.44
Single-Family Home
$250,000
07/16/26
3
2
1,425

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
7217 E Old 56, Salem, IN 47167
0.06
$181,200
3
1
1,498
Off Market
0 East Side N. Rinkers Creek Road, Salem, IN 47167
0.20
-
-
-
-
Off Market
7185 E Old 56, Salem, IN 47167
0.27
$189,000
3
2
1,700
Recently Sold
Off N Side N, Scottsburg, IN 47170
0.47
$293,200
1
0.5
600
Off Market
2851 N Naugle Road, Salem, IN 47167
0.52
$60,500
4
1
1,792
Off Market
Tract 1 N Leval Ratt Rd, Scottsburg, IN 47170
0.64
-
-
-
-
Off Market
0 S Side E Garrison Hollow Road, Salem, IN 47167
0.71
-
-
-
-
Off Market
Tract 3 N Leval Ratt Rd, Scottsburg, IN 47170
0.73
-
-
-
-
Off Market
2 N Leval Ratt Rd, Scottsburg, IN 47170
0.73
$275,000
-
-
-
Recently Sold
N Side N Leval Ratt Rd, Scottsburg, IN 47170
0.76
-
1
-
-
Off Market
Side Leval Ratt Rd, Scottsburg, IN 47170
0.76
$200,000
-
-
-
Recently Sold

Local Information

  • Map ViewExplore the area around 7231 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
$140/sqft
Garage

About this House

Welcome to the country! This 3 bedroom, 2 bathroom home boasts 1,756 square feet of finished space, and a large detached garage with plenty of room for two vehicles and some work space. This partially earth sheltered home was constructed in 1986, and has been updated with many modern features. Exceptional landscaping and fish ponds add to the serenity of this home. It has exceptional views and a peaceful setting among nature, which can be enjoyed from the back patio or the bonus cabin!
If you have an interest in the outdoors, this fantastic home and acreage adjoins thousands of acres of State Owned land that is waiting to be explored, hiked, or hunted! Come and check it out!

The interior of the home is heated by electric baseboard and wood stove near the center of the home.
Home is connected to rural water, and utilizes a septic system. Washer, dryer, and stove in foyer are not included in the sale.
7231 E Old 56, Salem, IN 47167 is a 3 bedroom, 2 bathroom, 1,756 sqft single-family home built in 1986. It last sold for $206,000 on Jan 30, 2024 (2% below the $209,999 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $246,300, with a rent estimate of $1,684/month.
Last check for updates: about 4 hours ago
Listed by Jared Baird
LandProz of Indiana
Bought with: Lori J. Gilstrap, The Day Company REALTORS
Originating MLS: Southern Indiana REALTORS Association
Source: SIRA, MLS#2023011168

Home Details for 7231 E Old 56

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1756 Square Feet
Appliances & Utilities
Appliances: Oven, Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: BaseboardHas CoolingAir Conditioning: Window Unit(s),WallWindow Unit(s)Has HeatingHeating Fuel: Baseboard
Fireplace & Spa
Fireplace: Wood Burning StoveNo Fireplace
Levels, Entrance, & Accessibility
Stories: 1Levels: One
View
Has a ViewView: Park/Greenbelt, Hills, Scenic

Exterior Features

Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: Detached,Garage,Garage Door Opener
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Septic Tank
Finished Area
Finished Area (above surface): 1756 Square Feet

Days on Market

Cumulative Days on Market: 105

Property Information

Year Built
Year Built: 1986
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: One Story
Building
Construction Materials: StoneNot a New Construction
Property Information
Condition: ResaleParcel Number: 883533000009001005

Price & Status

Price
List Price: $209,999
Status Change & Dates
Off Market Date: Tue Nov 14 2023Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: Salem

Building

Building Area
Building Area: 1756 Square Feet

HOA

Association for this Listing: Southern Indiana REALTORS Association

Lot Information

Lot Area: 5.02 Acres

Listing Info

Special Conditions: Relocation

Offer

Listing Terms: Cash, Conventional, FHA

Miscellaneous

Mls Number: 2023011168Living Area Range Units: Square FeetAttribution Contact: 317-557-1376Above Grade Unfinished Area: 1756Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-18175-N-883533000009001005-R-N

Price and Tax history

DateEventPrice
Jan 30, 2024
Source: SIRA #2023011168
Sold
$206,000
Nov 14, 2023
Source: SIRA #2023011168
Pending
$209,999
Oct 17, 2023
Source: SIRA #2023011168
Listed For Sale
$209,999

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

IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.

Frequently asked questions about 7231 E Old 56

  • What is 7231 E Old 56 estimated to be worth?
    Trulia's estimated value for 7231 E Old 56 in Salem, IN is $246,300.
  • What is the price history for 7231 E Old 56?
    7231 E Old 56 in Salem, IN last sold for $206,000 in January 2024.
  • What are the closest schools to 7231 E Old 56?
    The closest schools to 7231 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).
  • Does 7231 E Old 56 have air conditioning?
    Yes, 7231 E Old 56 in Salem, IN has air conditioning.
  • How big is the lot at 7231 E Old 56?
    The lot at 7231 E Old 56 in Salem, IN is about 5 acres.
  • Does 7231 E Old 56 have a garage?
    Yes, 7231 E Old 56 in Salem, IN has a garage.

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