540 E Colony Dr, Salem
$225,000
3 Bedrooms
1 Bath
1118 Sq. Ft.
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  • Property Details
    • Property Type:Single Family
    • MLS#:2025010753
    • Status:Active
    • Sq. Feet:1118
    • On Site:18 Days
    • Lot Size:0.24 Acres
    • School System:N/A

    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.

    Price History
    Price has not changed since being added to the site on 9/1/2025.
    Community Information
    Address:540 E Colony Dr
    County:Washington
    Neighborhood:Rolling Way
    State:IN
    City:Salem
    Zip Code:47167
    Architecture
    Bedrooms:3
    Bathrooms:1
    Stories:1
    Year Built:1990
    Construction Materials: Frame, Vinyl Siding
    Building Area: 1118.0
    Style:One Story
    Rooms
    SizeLevel
    Master Bedroom9.5 x 11First
    Living Room15 x 16First
    Dining Room9 x 9First
    Kitchen8 x 9First
    Bedroom9.5 x 11First
    Bedroom10 x 10First
    Full Bath5 x 10.5First
    Other5 x 9First
    Property Features / Amenities
    Lot Size: 0.24 Acres
    Lot Size (Sq.Ft.): 10454.4
    Garage Spaces: 1.0
    Parking Features: Carport
    Sewer: Public Sewer
    Water: Connected, Public
    Road Surface: Paved
    Fencing: Yard Fenced
    Zoning: Residential
    Interior Features: Ceiling Fan(s), Eat-in Kitchen, Open Floorplan
    Appliances: Dishwasher
    Laundry: Main Level, Laundry Room
    Exterior Features: Deck, Fence, Paved Driveway
    Patio And Porch: Deck
    Other Structures: Shed(s)
    Exterior: Fenced Yard
    Basement: Crawl Space
    Cooling: Window Unit(s), Wall/Window Unit(s)
    Heating: Baseboard
    Total Rooms: 8
    Tax and Financial Info
    Tax Annual Amount: $961
    Terms: Conventional, FHA, USDA Loan, VA Loan
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    Listing Information Last Updated 9/18/2025

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker/Scott Lynch Group are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This 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.

    The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.

    FC Tucker Lynch Group

    FC Tucker Lynch Group

    (812) 265-3122
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    Home for sale at 540 E Colony Dr Salem, IN 47167 with the MLS 2025010753 on FCTLynchGroup.com. The home at 540 E Colony Dr Salem, IN 47167 is currently for sale and features 3 bedrooms, 1 bathrooms, 1118 sq. ft. of living space, and is listed for sale at $225,000. You can search Indianapolis area properties for a home, a house, a condo, or a patio home to find real estate in Indianapolis, IN. You are viewing the official Indianapolis MLS listing details of the home for sale at 540 E Colony Dr Salem, IN 47167 which is MLS # 2025010753. The home has been listed on this site for 17 days and is found in the Rolling Way neighborhood.
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