NOT LISTED FOR SALE

1200 Terrace Dr Salem, VA 24153

Estimated Value: $842,000 - $1,036,000

5 Beds
4.5 Baths
5,503 Sq Ft
$168/Sq Ft Est. Value

Sale Details

Date Sold: May 9, 2024

Last sale price $950,000 $173 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,779 / mo

88 Days on Market

Highlights

  • Home Theater
  • Colonial Architecture
  • Fireplace in Kitchen
  • Glenvar Middle School Rated A-
  • Mountain View
  • Wood Burning Stove

About This Home

As of May 2024

Situated on over three acres, this home exemplifies the essence of luxury nestled in privacy w/ scenic breathtaking views. The open floor plan is flooded w/ natural light & is highlighted by quality finishes & amenities throughout such as a master suite on main level, formal living w/ a beautiful accent stone fireplace, large formal dining room, gourmet kitchen w/ a cozy stone fireplace, granite countertops & stainless-steel appliances, wet bar, & a bonus entertainment room leading to the perfect outdoor entertaining ambience w/ a stone fireplace & two private trails. On the second level you will find a master suite along w/ two additional rooms & a full bath. Lower level includes a bonus oversized theater room, full bath, office, & exercise room. This rare gem is a true sight to be seen!

Last Agent to Sell the Property

Alyshia Merchant

EXP REALTY LLC - FOREST License #0225247532 Listed on: 01/10/2024

Last Buyer's Agent

David Spangler

KELLER WILLIAMS REALTY ROANOKE License #0225250577

KELLER WILLIAMS REALTY ROANOKE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,986

Year Built

  • Built in 2000

Lot Details

  • 3.19 Acre Lot
  • Cul-De-Sac
  • Secluded Lot
  • Gentle Sloping Lot
  • Garden

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Wet Bar
  • Ceiling Fan
  • Wood Burning Stove
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • French Doors
  • Living Room with Fireplace
  • 3 Fireplaces
  • Home Theater
  • Mountain Views

Kitchen

  • Built-In Oven
  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Grill

Schools

  • Glenvar Elementary And Middle School
  • Glenvar High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Satellite Dish
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association
  • Green Hill Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,986

Year Built

Built in 2000

Lot Details

3.19 Acres

Listing Details

  • Interior Features: Ceiling Fan, Gas Log Fireplace, Masonry Fireplace, Theater Room, Walk-in-Closet, Wet Bar, Wood Stove
  • Heating System: Forced Air Electric, Gas - Propane
  • Fireplace(s): Kitchen, Living Room, Other - See Remarks
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Disposer, Garage Door Opener, Refrigerator, Wall Oven
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Formal Garden, Other - See Remarks, Outdoor Barbeque, Patio, Paved Driveway
  • Views: Mountain, Sunrise, Sunset
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 2803.00
  • ExteriorDoors: French
  • Fireplace Number Fireplaces: 3
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • LaundryLaundryUpperLevel: 1
  • LowerBelowGrdFin Sq Ft: 1700.00
  • Major Area: 02 - Roanoke County
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Colonial
  • SubdivisionMap: TR B1
  • Total Above Grd Fin S Q F T: 3803
  • TotalBdrm: 5
  • TotalBths: 4.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 4
  • Total Finished Sq Ft: 5503.00
  • TotalHBaths: 1
  • UpperAboveGrdFin Sq Ft: 1000.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Private Septic
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cul-de-sac, Paved Road, Satellite Dish

Lot Info

  • Lot Description: Gentle Slope, Secluded
  • Lot Dimensions: 138,956 SQFT
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 3.19

Building Info

  • Year Built: 2000

Tax Info

  • Taxes (6 mo): 6986.40

MLS Schools

  • Elementary School: Glenvar
  • HighSchool: Glenvar
  • Middle School: Glenvar

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, 2024
Closed on
May 6, 2024
Sold by
Bought by
Seller's Agent
Alyshia Merchant
EXP REALTY LLC - FOREST
Buyer's Agent
David Spangler
KELLER WILLIAMS REALTY ROANOKE
List Price
$1,120,000
Sold Price
$950,000
Premium/Discount to List
-$170,000
-15.18%
Views
169
Current Estimated Value
$922,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,738
Avg. Annual Appreciation
-1.39%
Original Mortgage
$760,000
Outstanding Balance
$742,618
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$179,644

Purchase Details

Listed on
Jan 10, 2024
Closed on
Apr 26, 2024
Sold by
Bought by
Seller's Agent
Alyshia Merchant
EXP REALTY LLC - FOREST
Buyer's Agent
David Spangler
KELLER WILLIAMS REALTY ROANOKE
List Price
$1,120,000
Sold Price
$950,000
Premium/Discount to List
-$170,000
-15.18%
Views
169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Outstanding Balance
$742,618
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$179,644

Purchase Details

Listed on
Jan 15, 2021
Closed on
Mar 16, 2021
Sold by
Bought by
Seller's Agent
Amy McDaniel
MKB, REALTORS(r)
Buyer's Agent
MORGAN L FERGUSON
REAL BROKER LLC - DGA-SALEM
List Price
$599,950
Sold Price
$600,000
Premium/Discount to List
$50
0.008%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.71%
Original Mortgage
$480,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 29, 2018
Closed on
Nov 1, 2018
Sold by
Bought by
Buyer's Agent
Lori Mccarren
WAINWRIGHT & CO., REALTORS(r)
List Price
$547,000
Sold Price
$524,500
Premium/Discount to List
-$22,500
-4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$419,600
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,200
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 5, 2006
Sold by
Bought by
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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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
$950,000 Old Republic National Title
-- Century Title Services
$600,000 Fidelity National Title
$524,500 Sage Title Group
$505,200 Investors Title Insurance Co
-- None Available
-- None Available
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 $760,000
Previous Owner $480,000
Previous Owner $419,600
Previous Owner $505,200
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 Prior Sale
05/09/2024 05/09/24 Sold $950,000 -9.1% $173 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
02/23/2024 02/23/24 Price Changed $1,045,000 -6.7% $190 / Sq Ft
01/11/2024 01/11/24 For Sale $1,120,000 +86.7% $204 / Sq Ft
03/17/2021 03/17/21 Sold $600,000 0.0% $152 / Sq Ft View Prior Sale
01/18/2021 01/18/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $599,950 +14.4% $152 / Sq Ft
11/09/2018 11/09/18 Sold $524,500 -4.1% $133 / Sq Ft View Prior Sale
09/17/2018 09/17/18 Pending -- -- --
03/29/2018 03/29/18 For Sale $547,000 -- $138 / 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
2026 $9,566 $928,700 $56,400 $872,300
2025 $8,495 $824,800 $56,400 $768,400
2024 $6,916 $665,000 $56,400 $608,600
2023 $6,986 $659,100 $56,400 $602,700
2022 $6,060 $556,000 $56,400 $499,600
2021 $5,723 $525,000 $53,600 $471,400
2020 $5,514 $505,900 $48,600 $457,300
2019 $5,585 $512,400 $48,600 $463,800
2018 $5,054 $469,700 $48,600 $421,100
2017 $5,054 $463,700 $47,800 $415,900
2016 $5,049 $463,200 $47,800 $415,400
2015 $4,897 $449,300 $47,800 $401,500
2014 $4,881 $447,800 $46,800 $401,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Alyshia Merchant

    EXP REALTY LLC - FOREST

    (540) 819-2283

    209 Total Sales

    Alyshia Merchant
    Section Image

  • D

    Buyer's Agent in 2024

    David Spangler

    KELLER WILLIAMS REALTY ROANOKE

    (540) 598-0473

    182 Total Sales

    David Spangler
    Section Image

  • A

    Seller's Agent in 2021

    Amy McDaniel

    MKB, REALTORS(r)

    (720) 878-8019

    43 Total Sales

    Amy McDaniel
    Section Image
  • Chasity Marie Labiosa

    Seller Co-Listing Agent in 2021

    Chasity Marie Labiosa

    MKB, REALTORS(r) - NEW CASTLE

    (540) 864-5091

    79 Total Sales

    Chasity Marie Labiosa
    Section Image

  • M

    Buyer's Agent in 2021

    MORGAN L FERGUSON

    REAL BROKER LLC - DGA-SALEM

    120 Total Sales

    MORGAN L FERGUSON
    Section Image
  • Lori Mccarren

    Buyer's Agent in 2018

    Lori Mccarren

    WAINWRIGHT & CO., REALTORS(r)

    (540) 819-7388

    109 Total Sales

    Lori Mccarren
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 904267

Roanoke Valley Association of REALTORS®

APN: 055.00-01-06.02-0000

Virginia Roanoke County Salem 24153

1200 Terrace Dr, Salem, VA

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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