NOT LISTED FOR SALE

1192 Mountain Ave Unit 1194 Salem, VA 24153

Estimated Value: $258,803 - $300,000

4 Beds
2 Baths
1,872 Sq Ft
$146/Sq Ft Est. Value

Sale Details

Date Sold: September 14, 2012

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

Est. 130% increase in value since last sale

Current estimated payment $1,574 / mo

9 Days on Market

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

0.3 Acres

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
  • 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

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

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

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

Closed on
Nov 4, 2019
Sold by
Bought by
Current Estimated Value
$273,701

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
Outstanding Balance
$96,991
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$176,710

Purchase Details

Listed on
Jul 23, 2012
Closed on
Sep 11, 2012
Sold by
Bought by
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
6.24%
Original Mortgage
$95,200
Interest Rate
3.62%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$175,000 Fidelity National Ttl Ins Co
$119,000 Fidelity National Title Ins
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 $144,000
Previous Owner $95,200
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
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

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 $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

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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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