NOT LISTED FOR SALE

1042 Stonegate Dr Salem, VA 24153

Estimated Value: $441,715 - $518,000

5 Beds
4 Baths
2,957 Sq Ft
$159/Sq Ft Est. Value

Last Sold November 16, 2021

Last sale price $389,950 $132 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,630/month

14 Days on Market

Highlights

  • Colonial Architecture
  • Family Room with Fireplace
  • Community Pool
  • Deck
  • No HOA
  • Covered Patio or Porch

About This Home

As of November 2021

Totally updated Colonial in desirable Stonegate within walking distance to swim club. 4 bedrooms with 2 full and 2 half baths. New privacy fencing and lawn sod 2021. Recent paint throughout main level with handscraped hardwood flooring and new luxury vinyl tile on lower level. Great kitchen w/ white shaker style cabinets and stainless appliances. All baths updated. Almost 3,000 finished sq. ft ready to enjoy! 4 fireplaces (2 w/ gas logs) , insulated windows and doors and lifetime roof. Very well built home. Lower level walk out basement offers many possibilities. Sellers only moving to be closer to family

Last Agent to Sell the Property

Timothy Toohig

RE/MAX ALL POINTS License #0225002420 Listed on: 09/17/2021

RE/MAX ALL POINTS

Last Buyer's Agent

Sammy Clark

RE/MAX 8 License #0225242081

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,768

Year Built

  • Built in 1974

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 126x118x125x150
  • Fenced Yard
  • Gentle Sloping Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Drapes & Rods
  • Insulated Doors
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Recreation Room with Fireplace
  • Storage
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Built-In Microwave

Bedrooms and Bathrooms

  • 5 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 9A / 1

Community Details

Overview

  • No Home Owners Association
  • Stonegate Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,768

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Interior Features: All Drapes, Breakfast Area, Gas Log Fireplace, Storage
  • Heating System: Forced Air Gas
  • Fireplace(s): Family Room, Living Room, Recreation Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Garage Door Opener, Microwave Oven (Built In), Range Gas
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Deck, Fenced Yard, Patio, Paved Driveway
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1174.00
  • ExteriorDoors: Full View, Insulated
  • Fireplace Number Fireplaces: 4
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Comcast
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 901.00
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: 2 Story, Colonial
  • SubdivisionMap: Stonegate
  • Total Above Grd Fin S Q F T: 2056
  • TotalBdrm: 5
  • TotalBths: 2.20
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2957.00
  • TotalHBaths: 2
  • UncoveredNumberSpaces: 4.00
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 882.00
  • Water Class: N/A
  • Water Htr Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cable TV, Maint-Free Exterior, Underground Util

Lot Info

  • Lot Description: Gentle Slope
  • Lot Dimensions: 126x118x125x150
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.38
  • Lot: 9A

Building Info

  • Year Built: 1974

Tax Info

  • Taxes (6 mo): 2768.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Nov 14, 2021
Sold by
Davidson John Matthew and Davidson India
Bought by
Novell Andrew Douglas and Novell Alicia Lynn
Seller's Agent
Timothy Toohig
RE/MAX ALL POINTS
Buyer's Agent
Sammy Clark
RE/MAX 8
List Price
$389,950
Sold Price
$389,950
Current Estimated Value
$469,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,479
Avg. Annual Appreciation
4.59%
Original Mortgage
$350,955
Outstanding Balance
$321,590
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$147,839

Purchase Details

Listed on
Jun 25, 2021
Closed on
Aug 9, 2021
Sold by
Dent Richard E and Dent Rethia
Bought by
Davidson John Matthew and Davidson India
Seller's Agent
Donna Wright
WAINWRIGHT & CO., REALTORS(r)
Buyer's Agent
Timothy Toohig
RE/MAX ALL POINTS
List Price
$349,950
Sold Price
$355,000
Premium/Discount to List
$5,050
1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.59%
Original Mortgage
$325,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2005
Sold by
Barr Timothy Lane
Bought by
Dent Richard E and Dent Rethia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,600
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Novell Andrew Douglas $389,950 New Title Company Name
Davidson John Matthew $350,000 Court Street Title
Dent Richard E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Novell Andrew Douglas $350,955
Previous Owner Davidson John Matthew $325,000
Previous Owner Dent Richard E $199,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/16/2021 11/16/21 Sold $389,950 0.0% $132 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $389,950 +9.8% $132 / Sq Ft
08/09/2021 08/09/21 Sold $355,000 +1.4% $120 / Sq Ft View Prior Sale
07/05/2021 07/05/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $349,950 -- $118 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $2,135 $361,900 $54,100 $307,800
2024 $2,024 $337,400 $52,500 $284,900
2023 $3,913 $326,100 $48,300 $277,800
2022 $3,642 $303,500 $43,000 $260,500
2021 $2,826 $235,500 $41,500 $194,000
2020 $2,767 $230,600 $41,500 $189,100
2019 $2,737 $228,100 $41,500 $186,600
2018 $2,492 $211,200 $41,500 $169,700
2017 $2,469 $209,200 $41,500 $167,700
2016 $2,469 $209,200 $41,500 $167,700
2015 $2,306 $195,400 $40,100 $155,300
2014 $2,306 $195,400 $40,100 $155,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 883893

Roanoke Valley Association of REALTORS®

APN: 43-2-16