NOT LISTED FOR SALE

118 Parker Ln Salem, VA 24153

Estimated Value: $364,000 - $383,331

3 Beds
2 Baths
1,650 Sq Ft
$226/Sq Ft Est. Value

Sale Details

Date Sold: December 19, 2025

Last sale price $377,950 $229 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,053 / mo

313 Days on Market

Highlights

  • Under Construction
  • Breakfast Area or Nook
  • 2 Car Attached Garage
  • Deck
  • Front Porch

About This Home

As of December 2025

Simms Farm is in the desirable Salem school district. This community is conveniently located minutes from Lewis Gale Hospital, Historic Downtown Salem, Virginia, and Roanoke College. This home includes 9ft ceilings, luxury plank flooring throughout, upgraded trim, upgraded white cabinets with brushed nickel soft-close hardware and quartz countertops in the kitchen and baths, tiled backsplash in the kitchen, and tiled floors and walls in the Master Bath.''The Beechwood'' features main-level living with an open living room perfect for gatherings. Upstairs you will find a cozy loft space and additional bedrooms for the kids or guests. We invite you to ''LiveNew'' at Simms Farm, a premier Salem community.

Last Agent to Sell the Property

Robert Fralin

R FRALIN & ASSOCIATES INC License #0225061644 Listed on: 01/10/2025

Last Buyer's Agent

Wendy Swanson

LONG & FOSTER - NEW RIVER VALLEY License #0225225185

LONG & FOSTER  - NEW RIVER VALLEY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,831

Year Built

  • Built in 2025 | Under Construction

Lot Details

  • 6,534 Sq Ft Lot

HOA Fees

  • $10 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,650 Sq Ft Home
  • 1.5-Story Property
  • Laundry on main level
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Outdoor Features

  • Deck
  • Front Porch

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • Community Compass Association
  • Simms Farm Subdivision

Listing and Financial Details

  • Tax Lot 131

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,831

Year Built

Built in 2025 | Under Construction

Lot Details

6,534 Sq Ft Lot

HOA Fees

$10 per month

Listing Details

  • Interior Features: Breakfast Area, Walk-In Closet(s)
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full, Walk-Out Access
  • Major Appliances: Dishwasher, Disposer, Microwave Oven (Built In), Range Electric
  • Cooling System: Heat Pump Electric
  • Outside Features: Deck, Paved Driveway
  • Views: Mountain(s)
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1096.00
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • NumberPrimCovSpaces: 2.00
  • Phone Email: 540-383-6047
  • P O A Condo Contact Name: Community Compass
  • POACondoDues: 125.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: 1.5 Story
  • Total Above Grd Fin S Q F T: 1650
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1650.00
  • UpperAboveGrdFin Sq Ft: 554.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

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

Association/Amenities

  • Misc Features: New Construction, Paved Road

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.15
  • Lot: 131
  • Phase: 1

Building Info

  • Year Built: 2025

Tax Info

  • Taxes (6 mo): 3831.00

MLS Schools

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

Matterport 3D Tour

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2025
Closed on
Dec 16, 2025
Sold by
Bought by
Seller's Agent
Robert Fralin
R FRALIN & ASSOCIATES INC
Buyer's Agent
Wendy Swanson
LONG & FOSTER - NEW RIVER VALLEY
List Price
$379,950
Sold Price
$377,950
Premium/Discount to List
-$2,000
-0.53%
Views
112
Current Estimated Value
$373,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,867
Avg. Annual Appreciation
-2.37%
Original Mortgage
$85,650
Outstanding Balance
$85,650
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$287,433
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$377,950 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $85,650
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/19/2025 12/19/25 Sold $377,950 0.0% $229 / Sq Ft
11/19/2025 11/19/25 Pending -- -- --
11/18/2025 11/18/25 Off Market $377,950 -- --
11/04/2025 11/04/25 For Sale $379,950 +0.5% $230 / Sq Ft
10/21/2025 10/21/25 Off Market $377,950 -- --
10/17/2025 10/17/25 For Sale $379,950 +0.5% $230 / Sq Ft
10/07/2025 10/07/25 Off Market $377,950 -- --
09/25/2025 09/25/25 For Sale $379,950 +0.5% $230 / Sq Ft
09/23/2025 09/23/25 Off Market $377,950 -- --
09/17/2025 09/17/25 Price Changed $379,950 -0.8% $230 / Sq Ft
09/11/2025 09/11/25 For Sale $382,950 +1.3% $232 / Sq Ft
09/09/2025 09/09/25 Off Market $377,950 -- --
09/05/2025 09/05/25 For Sale $382,950 +1.3% $232 / Sq Ft
09/03/2025 09/03/25 Off Market $377,950 -- --
06/20/2025 06/20/25 Price Changed $382,950 -0.5% $232 / Sq Ft
06/09/2025 06/09/25 Price Changed $384,950 -1.3% $233 / Sq Ft
04/15/2025 04/15/25 Price Changed $389,950 -1.3% $236 / Sq Ft
02/17/2025 02/17/25 Price Changed $394,950 +1.3% $239 / Sq Ft
01/10/2025 01/10/25 For Sale $389,950 -- $236 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $466 $79,000 $79,000 $0
2024 $465 $77,500 $77,500 $0
2023 $450 $37,500 $37,500 $0
2022 $330 $27,500 $27,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 913501

Roanoke Valley Association of REALTORS®

APN: 288-3-5

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