NOT LISTED FOR SALE

1192 Mountain Ave Unit 1194 Salem, VA 24153

Estimated Value: $268,573 - $307,000

4 Beds
2 Baths
1,872 Sq Ft
$152/Sq Ft Est. Value

Last Sold September 14, 2012

Last sale price $119,000 $64 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $1,606/month

9 Days on Market

Highlights

  • No HOA
  • Salem High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of September 2012

Wonderful investment. Duplex one side rented other side vacant for showing. 1194 just painted, new carpet, remodeled bath, move in condition. Great locaton. Eat in kitchen and spacious living room, 2 bedrooms and large front and back yard.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,532

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 91 x180 x 80 x160

Parking

  • 4 Parking Spaces

Home Design

  • 1,872 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 2

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Operating Expense $1,360
  • Gross Income $13,560
  • Net Operating Income $12,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,532

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Heating System: Forced Air Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • Major Area: 03 - City of Salem
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2012-08-01
  • SubdivisionMap: Mountain Ave. Home
  • TotalAnnualExpen: 1360.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Association/Amenities

  • Amenities Common: Cable TV

Schools

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

Lot Info

  • Lot Dimensions: 91 x180 x 80 x160
  • Property Group Id: 19990816212116581394000000
  • Lot: 2
  • Present Use: Built-As

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 1532.00
  • FILLTAXID: 181-2-2

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2019
Sold by
Salem Rentals Llc
Bought by
All About The Rari Llc
Current Estimated Value
$284,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 23, 2012
Closed on
Sep 11, 2012
Sold by
Harris Barbara A
Bought by
Salem Rentals Llc
List Price
$129,950
Sold Price
$119,000
Premium/Discount to List
-$10,950
-8.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Original Mortgage
$95,200
Interest Rate
3.62%
Mortgage Type
Credit Line Revolving
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
All About The Rari Llc $175,000 Fidelity National Ttl Ins Co
Salem Rentals Llc $119,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open All About The Rari Llc $365,000
Closed All About The Rari Llc $144,000
Previous Owner Salem Rentals Llc $95,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2012 09/14/12 Sold $119,000 -8.4% $64 / Sq Ft
08/01/2012 08/01/12 Pending -- -- --
07/23/2012 07/23/12 For Sale $129,950 -- $69 / 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 $1,251 $212,000 $43,200 $168,800
2024 $1,183 $197,100 $42,100 $155,000
2023 $2,161 $180,100 $39,300 $140,800
2022 $2,026 $168,800 $33,600 $135,200
2021 $1,812 $151,000 $30,300 $120,700
2020 $1,705 $142,100 $30,300 $111,800
2019 $1,658 $138,200 $30,300 $107,900
2018 $1,618 $137,100 $30,300 $106,800
2017 $1,618 $137,100 $30,300 $106,800
2016 $1,618 $137,100 $30,300 $106,800
2015 $1,533 $129,900 $30,100 $99,800
2014 $1,533 $129,900 $30,100 $99,800
Source: Public Records

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 783903

Roanoke Valley Association of REALTORS®

APN: 181-2-2

Virginia Salem City County Salem 24153

1192 Mountain Ave Unit 1194, Salem, VA

This home is located at 1192 Mountain Ave Unit 1194, Salem, VA 24153 since 23 July 2012 and is currently estimated at $284,393, approximately $151 per square foot. This property was built in 1972. 1192 Mountain Ave Unit 1194 is a home located in Salem City with nearby schools including South Salem Elementary School, Andrew Lewis Middle School, and Salem High School.

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.

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