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540 E Colony Drive, Salem, IN 47167

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For Sale

$225,000

3 beds • 1 baths • 1,118 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $201.25
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

This 3-bedroom, 1-bathroom house sits on 1,118 square feet of solid potential. This home is ready for someone with vision who appreciates a good foundation and the freedom to make it their own. The bones are strong here - structurally sound with some thoughtful updates already in place. You'll find new windows throughout and flooring in select areas, while the rest awaits your personal touch and style choices. The oversized living room gives you plenty of space to spread out, and those mature trees in the yard provide natural beauty and shade. Now, let's talk about that backyard - it's something special. The newly installed privacy fence creates your own private retreat. But the real showstopper is the finished shed that's been expertly crafted by local Amish. This isn't your typical storage shed. It features interior lighting, insulation, custom shelving, air conditioning, and its own separate 200-amp electrical service. It's practically a workshop, office, or hobby space waiting to happen. Close to restaurants, schools, and shopping, making daily life convenient without sacrificing the peaceful neighborhood feel. This property offers renovation potential for those who love projects, plus immediate outdoor enjoyment with that fantastic backyard setup. Whether you're a first-time buyer ready to build equity through improvements or someone looking for a solid home with unique features, this Salem property delivers both comfort and possibility.
MLS# 2025010753

Courtesy Of Schuler Bauer Real Estate Services ERA Powered

(812) 738-4232

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Deck, Ceiling Fan
  • Appliances
    Dishwasher, Washer
  • Architecture Style
    Other
  • Heating System
    Baseboard
  • Lot Size
    0.24 Acres
  • Rooms
    Kitchen

Map and Directions

Directions to 540 E Colony Drive, Salem, IN 47167

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(812) 372-3766
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Copyright © 2025 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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