NOT LISTED FOR SALE

101 Front Ave Salem, VA 24153

Estimated Value: $215,000 - $267,000

3 Beds
2 Baths
2,864 Sq Ft
$86/Sq Ft Est. Value

Last Sold June 17, 2019

Last sale price $80,000 $28 Per Sq Ft

Est. 207% increase in value since last sale

Current estimated payment $1,392/month

308 Days on Market

About This Home

As of June 2019

Multifamily ''triplex'' property with great potential. Duplex offers 2 bedrooms per unit (up and down layout) PLUS an additional home on the property for a third rental unit. The second home is one level, ranch style (2 bedroom layout), which would also make a great in-law quarters. Some TLC needed, but could make a nice addition to your rental portfolio. Owner financing available - $10,000 down payment, $1000/month, 6% interest.

Last Agent to Sell the Property

Toney Humphries

RE/MAX ALL POINTS License #0225087285 Listed on: 07/13/2018

RE/MAX ALL POINTS

Last Buyer's Agent

Paul Dotson

WAINWRIGHT & CO., REALTORS(r) License #0225023473

WAINWRIGHT & CO.,  REALTORS(r)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,228

Year Built

  • Built in 1940

Lot Details

  • 6,534 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Slab Foundation

Interior Spaces

  • 2,864 Sq Ft Home
  • City Views

Schools

  • South Salem Elementary School
  • Andrew Lewis Middle School
  • Salem High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1&2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,228

Year Built

Built in 1940

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Heating System: Gas - Natural
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: No Cooling System
  • Views: City
  • Internet Access: Cable
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • SubdivisionMap: Salem DEV Comp
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Street

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.15
  • Lot: 1&2

Building Info

  • Year Built: 1940

Tax Info

  • Taxes (6 mo): 1228.00

Multi Family

  • Tenant Pays: All Utilities
  • Units In Building: 2.00
  • Multi Family Type: Other - See Remarks

MLS Schools

  • Elementary School: South Salem
  • HighSchool: Salem High
  • Middle School: Andrew Lewis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2018
Closed on
Jun 11, 2019
Sold by
Boone Paul Curtis
Bought by
Wallace Stephen V
Seller's Agent
Toney Humphries
RE/MAX ALL POINTS
Buyer's Agent
Paul Dotson
WAINWRIGHT & CO., REALTORS(r)
List Price
$99,950
Sold Price
$80,000
Premium/Discount to List
-$19,950
-19.96%
Current Estimated Value
$245,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,662
Avg. Annual Appreciation
17.97%

Purchase Details

Closed on
Mar 30, 2015
Sold by
Skip Skip

Purchase Details

Closed on
Mar 23, 2015
Sold by
Boone Leslie Anne and Boone Leslie Anne
Bought by
Boone Paul Curtis
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wallace Stephen V $80,000 Fidelity National Ttl Ins Co
-- $35,000 None Available
Boone Paul Curtis $55,000 First Choice Title & Settlem
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2019 06/17/19 Sold $80,000 -20.0% $28 / Sq Ft
05/17/2019 05/17/19 Pending -- -- --
07/13/2018 07/13/18 For Sale $99,950 -- $35 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $942 $159,700 $34,300 $125,400
2024 $916 $152,600 $32,700 $119,900
2023 $1,642 $136,800 $30,200 $106,600
2022 $1,489 $124,100 $26,200 $97,900
2021 $1,342 $111,800 $24,900 $86,900
2020 $1,339 $111,600 $24,900 $86,700
2019 $1,260 $105,000 $24,900 $80,100
2018 $1,227 $104,000 $24,900 $79,100
2017 $1,212 $102,700 $24,900 $77,800
2016 $1,107 $93,800 $24,900 $68,900
2015 $920 $78,000 $25,000 $53,000
2014 $920 $78,000 $25,000 $53,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 850453

Roanoke Valley Association of REALTORS®

APN: 234-1-7

Your Personal Tour Guide

Ask me questions while you tour the home.