NOT LISTED FOR SALE

1155 Polar Ln Salem, VA 24153

Estimated Value: $55,612 - $74,000

3.81 Acres
$16,939 Price per Acre
165,964 Sq Ft Lot

Last Sold March 24, 2021

Last sale price $40,000

Est. 61% increase in value since last sale

Current estimated payment $378/month

1,298 Days on Market

Highlights

  • 3.81 Acre Lot
  • Mountain View
  • 4-minute walk to Roanoke County Parks & Recreation
  • G.W. Carver Elementary School Rated 9+
  • Gentle Sloping Lot

About This Lot

As of March 2021

Rare opportunity to buy a large acreage tract in the City of Salem with public utilities available. Easements are in place. Owner/Agent.

Last Agent to Sell the Property

William Jones

THE GOOD SIGN REAL ESTATE CO. License #0225230524 Listed on: 08/11/2017

Last Buyer's Agent

Neil Conner

THE GOOD SIGN REAL ESTATE CO. License #0225038090

Property Details

Property Type

  • Land

Lot Details

  • 3.81 Acre Lot
  • Gentle Sloping Lot

HOA Fees

  • $17 Monthly HOA Fees

Property Views

  • Mountain Views

Schools

  • G. W. Carver Elementary School
  • Andrew Lewis Middle School
  • Salem High School

Listing and Financial Details

  • Tax Lot 4-A

Property Details

Property Type

Land

Lot Details

3.81 Acres

HOA Fees

$17 per month

Listing Details

  • Type: Land
  • Views: Mountain
  • ElectricDescription: Available
  • Land Sub Type: Residential - Single Family
  • Major Area: 03 - City of Salem
  • POATerms: Annual
  • Hoa2 Or Poa: Yes
  • SubdivisionMap: Polar Lane
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

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

Lot Info

  • Property Group Id: 19990816212131825981000000
  • Land Description: Gentle Slope
  • Total Acreage: 3.81
  • Lot: 4-A
  • Land Type: Lot

Tax Info

  • Taxes (6 mo): 1025.00

MLS Schools

  • Elementary School: G. W. Carver
  • HighSchool: Salem High
  • Middle School: Andrew Lewis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Pinnacle Bank
Bought by
Pnb Portfolio Owner Llc
Current Estimated Value
$64,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,818,000
Interest Rate
7.6%

Purchase Details

Closed on
Dec 7, 2005
Sold by
Jayam Inc
Bought by
Reynolds Beverly L
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
Pnb Portfolio Owner Llc $2,528,960 Old Republic National Title
Reynolds Beverly L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pnb Portfolio Owner Llc $130,818,000
Closed Pnb Portfolio Owner Llc $130,818,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2021 03/24/21 Sold $40,000 -20.0% --
03/01/2021 03/01/21 Pending -- -- --
08/11/2017 08/11/17 For Sale $50,000 -- --
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 $340 $57,600 $57,600 $0
2024 $341 $56,800 $56,800 $0
2023 $660 $55,000 $55,000 $0
2022 $595 $49,600 $49,600 $0
2021 $850 $70,800 $70,800 $0
2020 $850 $70,800 $70,800 $0
2019 $850 $70,800 $70,800 $0
2018 $835 $70,800 $70,800 $0
2017 $835 $70,800 $70,800 $0
2016 $1,021 $86,500 $86,500 $0
2015 $1,021 $86,500 $86,500 $0
2014 $1,021 $86,500 $86,500 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    William Jones

    THE GOOD SIGN REAL ESTATE CO.

    (540) 330-7737

    24 in this area

    45 Total Sales

    William Jones
    Section Image

  • N

    Buyer's Agent in 2021

    Neil Conner

    THE GOOD SIGN REAL ESTATE CO.

    (540) 375-9000

    23 in this area

    81 Total Sales

    Neil Conner
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 840385

Roanoke Valley Association of REALTORS®

APN: 12-1-1.4

Virginia Salem City County Salem 24153

1155 Polar Ln, Salem, VA

Not Listed for Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX 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. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.