NOT LISTED FOR SALE

117 Front Ave Salem, VA 24153

Estimated Value: $162,000 - $237,000

3 Beds
2 Baths
2,016 Sq Ft
$102/Sq Ft Est. Value

Last Sold November 06, 2019

Last sale price $55,000 $27 Per Sq Ft

Est. 273% increase in value since last sale

Current estimated payment $1,137/month

60 Days on Market

Highlights

  • River View
  • No HOA
  • 2 Car Detached Garage
  • Deck
  • Cottage
  • Forced Air Heating System

About This Home

As of November 2019

Country cottage in much desired Salem. Great for investors with excellent rental potential. Has 1 Kitchen upstairs and 1 Kitchen downstairs. Great starter home with huge 2 car garage. Large deck in rear. River views. Sold As-Is. Seller willing to pay 1st year of Flood Insurance.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,063

Year Built

  • Built in 1945

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Cottage

Interior Spaces

  • 2,016 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • River Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Range
  • Range Hood
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

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

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 17-18

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,063

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Forced Air Gas
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Microwave Oven (Built In), Range Electric, Range Hood, Refrigerator
  • Cooling System: Heat Pump Gas
  • Outside Features: Deck
  • Views: River
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 1008.00
  • FullBathsFullBathsLowerLvl: 1
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryLowerLevel: 1
  • Major Area: 03 - City of Salem
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • Residential Type: Detached
  • Style Of House: 2 Story, Cottage
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 2016
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2016.00
  • UpperAboveGrdFin Sq Ft: 1008.00
  • Water Class: N/A
  • 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

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.12
  • Lot: 17-18

Building Info

  • Year Built: 1945

Tax Info

  • Taxes (6 mo): 1063.00

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 25, 2019
Closed on
Oct 15, 2019
Sold by
Summerlin Thomas R and Summerlin Brooke L
Bought by
Cass Jeffery L and Cass Karin
List Price
$82,000
Sold Price
$55,000
Premium/Discount to List
-$27,000
-32.93%
Current Estimated Value
$204,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,976
Avg. Annual Appreciation
23.68%
Original Mortgage
$60,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2017
Sold by
Snow George Ray
Bought by
Snow Kim Diana

Purchase Details

Closed on
Apr 23, 2008
Sold by
Kentrolis Bobby J and Kentrolis Betty L
Bought by
Summerlin Thomas R and Summerlin Brooke L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.5%
Mortgage Type
VA
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
Cass Jeffery L $55,000 Fidelity National Ttl Ins Co
Snow Kim Diana -- None Available
Summerlin Thomas R $70,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Cass Jeffery L $60,000
Previous Owner Summerlin Thomas R $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2019 11/06/19 Sold $55,000 -32.9% $27 / Sq Ft
09/23/2019 09/23/19 Pending -- -- --
07/25/2019 07/25/19 For Sale $82,000 -- $41 / 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 $783 $132,700 $29,800 $102,900
2024 $764 $127,300 $28,500 $98,800
2023 $1,372 $114,300 $26,300 $88,000
2022 $1,207 $100,600 $22,800 $77,800
2021 $1,139 $94,900 $21,700 $73,200
2020 $904 $75,300 $21,700 $53,600
2019 $868 $72,300 $21,700 $50,600
2018 $843 $71,400 $21,700 $49,700
2017 $830 $70,300 $21,700 $48,600
2016 $819 $69,400 $21,700 $47,700
2015 $834 $70,700 $24,100 $46,600
2014 $834 $70,700 $24,100 $46,600
Source: Public Records

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 861577

Roanoke Valley Association of REALTORS®

APN: 234-1-13

Virginia Salem City County Salem 24153

117 Front Ave, Salem, VA

Not Listed for Sale

Detached

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