NOT LISTED FOR SALE

113 Academy St Salem, VA 24153

Estimated Value: $185,000 - $209,544

1 Bed
1 Bath
974 Sq Ft
$222/mo HOA Fee

Last Sold January 31, 2024

Last sale price $176,000 $181 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,364/month

3 Days on Market

About This Home

As of January 2024

HONEY STOP THE SEARCH! Remodeled condo located in the historic Academy Court and all within walking distance of everything that downtown Salem as to offer, including Roanoke College. Completely remodeled from the beautifully updated kitchen, which includes granite countertops, stainless Steel appliances, soft close cabinets, custom-built bar, updated bathroom to include a tub, and freshly painted throughout. Get your clients in this one... they are going to fall in LOVE!

Last Agent to Sell the Property

MONICA W SPEER

MKB, REALTORS(r) License #0225066015 Listed on: 01/12/2024

Co-Listed By

Rita Trinkle

MKB, REALTORS(r) License #0225058326

Last Buyer's Agent

Christine Sands

MKB, REALTORS(r) - SALEM License #0225253066

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,472

Year Built

  • Built in 1895

Lot Details

  • 1.26

HOA Fees

  • $222 Monthly HOA Fees

Home Design

  • 974 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Kitchen

  • Electric Range
  • Built-In Microwave
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • Assigned Parking

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Academy Association
  • Academy Court Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,472

Year Built

Built in 1895

Lot Details

0

HOA Fees

$222 per month

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Condominium
  • Has Basement: Slab
  • Major Appliances: Clothes Dryer, Clothes Washer, Disposer, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: Yes
  • EntryAboveGrdFin Sq Ft: 974.00
  • ExteriorDoors: Fiberglass
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 974
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: XFinity
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • Phone Email: ellenagee@hotmail.com
  • P O A Condo Contact Name: Academy
  • POACondoDues: 222.00
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2024-01-15
  • Residential Type: Attached
  • Total Above Grd Fin S Q F T: 974
  • TotalBdrm: 1
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 974.00
  • UncoveredNumberSpaces: 1.00
  • Uncovered Parking: Designated Spaces
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

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

Association/Amenities

  • Misc Features: Cable TV

Schools

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

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • ZoningCode: RMF

Building Info

  • Year Built: 1895

Tax Info

  • Taxes (6 mo): 1472.40
  • FILLTAXID: 105-6-2-113

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
Jan 12, 2024
Closed on
Jan 31, 2024
Sold by
Martin Tammy J
Bought by
Caveness Quincy
Seller's Agent
MONICA W SPEER
MKB, REALTORS(r)
Buyer's Agent
Christine Sands
MKB, REALTORS(r) - SALEM
List Price
$175,000
Sold Price
$176,000
Premium/Discount to List
$1,000
0.57%
Views
18
Current Estimated Value
$195,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,197
Avg. Annual Appreciation
7.96%
Original Mortgage
$167,200
Outstanding Balance
$165,053
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$32,833

Purchase Details

Listed on
Jan 23, 2020
Closed on
Jun 30, 2020
Sold by
Pollifrone Patrick A and Pollifrone Patrick A
Bought by
Martin Tammy J
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.74%
Original Mortgage
$92,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2018
Closed on
Feb 21, 2019
Sold by
Smith Sandra A
Bought by
Pollifrone Patrick A and Pollifrone Nanita M
Seller's Agent
Julie Arthur
MKB, REALTORS(r)
List Price
$112,950
Sold Price
$109,950
Premium/Discount to List
-$3,000
-2.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%
Original Mortgage
$82,462
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 24, 2014
Closed on
Apr 3, 2014
Sold by
Poe Jeremy M
Bought by
Smith Sandra A
Seller's Agent
Rob Robinson
RE/MAX REAL ESTATE ONE
Buyer's Agent
Chasity Marie Labiosa
MKB, REALTORS(r) - NEW CASTLE
List Price
$104,900
Sold Price
$104,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.96%
Original Mortgage
$83,920
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2007
Sold by
Barker Jennifer S
Bought by
Poe Jerey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2006
Sold by
Miller Leslie Nicole
Bought by
Barker Jennifer Summer
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Caveness Quincy $176,000 Acquisition Title
Martin Tammy J $115,000 Fidelity National Ttl Ins Co
Pollifrone Patrick A $109,950 First Choice Title & Settlem
Smith Sandra A $104,900 Performance Title
Poe Jerey M $101,600 None Available
Barker Jennifer Summer $90,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caveness Quincy $167,200
Previous Owner Martin Tammy J $92,000
Previous Owner Pollifrone Patrick A $82,462
Previous Owner Smith Sandra A $83,920
Previous Owner Poe Jeremy M $5,000
Previous Owner Poe Jerey M $101,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $176,000 +0.6% $181 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
01/12/2024 01/12/24 For Sale $175,000 +52.2% $180 / Sq Ft
07/14/2020 07/14/20 Sold $115,000 -11.5% $118 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $129,900 +18.1% $133 / Sq Ft
03/01/2019 03/01/19 Sold $109,950 -2.7% $113 / Sq Ft
01/10/2019 01/10/19 Pending -- -- --
09/24/2018 09/24/18 For Sale $112,950 +7.7% $116 / Sq Ft
04/03/2014 04/03/14 Sold $104,900 0.0% $108 / Sq Ft
02/03/2014 02/03/14 Pending -- -- --
01/24/2014 01/24/14 For Sale $104,900 -- $108 / 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
2024 $886 $147,700 $25,000 $122,700
2023 $1,472 $122,700 $0 $122,700
2022 $1,396 $116,300 $0 $116,300
2021 $1,320 $110,000 $0 $110,000
2020 $1,255 $104,600 $0 $104,600
2019 $1,195 $99,600 $0 $99,600
2018 $1,152 $97,600 $0 $97,600
2017 $1,152 $97,600 $0 $97,600
2016 $1,095 $92,800 $0 $92,800
2015 $1,075 $91,100 $15,100 $76,000
2014 $1,075 $91,100 $15,100 $76,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 904307

Roanoke Valley Association of REALTORS®

APN: 105-6-2-113