NOT LISTED FOR SALE

123 Academy St Salem, VA 24153

Estimated Value: $164,000 - $187,000

1 Bed
1 Bath
956 Sq Ft
$162/mo HOA Fee

Last Sold June 20, 2024

Last sale price $167,500 $175 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,210/month

29 Days on Market

Highlights

  • Cathedral Ceiling
  • Breakfast Area or Nook
  • Storage
  • Salem High School Rated A-
  • Front Porch
  • Public Transportation

About This Home

As of June 2024

Light & bright condo with vaulted ceilings located in the historic Academy Court. Open floor plan. Freshly painted. Remodeled bathroom with walk-in shower & ceramic tile flooring. New HVAC in 2017. Eat in kitchen. Loft area with new carpet (2022) plus additional storage room. Built-in shelves in bedroom. New vinyl wood flooring (2022). Located within walking distance of the farmer's market & downtown Salem. Property on the National Historical Registry. Building was the old Academy Street School in Salem built in 1890 and in the 1980's the building was totally remodeled into condos.

Last Agent to Sell the Property

Vicki Thomas

LONG & FOSTER - ROANOKE OFFICE License #0225172359 Listed on: 05/06/2024

LONG & FOSTER - ROANOKE  OFFICE

Last Buyer's Agent

Noah Beckley

REALSTAR, REALTORS(r) LLC License #0225259920

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,643

Year Built

  • Built in 1985

Lot Details

  • 1.26

HOA Fees

  • $162 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 956 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Storage
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Front Porch

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Academy Ct Owner's Assoc Association
  • Academy Court Subdivision

Amenities

  • Restaurant
  • Public Transportation

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,643

Year Built

Built in 1985

Lot Details

0

HOA Fees

$162 per month

Listing Details

  • Interior Features: Breakfast Area, Cathedral Ceiling, Ceiling Fan, Storage
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Condominium
  • Has Basement: Crawl Space
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: Yes
  • EntryAboveGrdFin Sq Ft: 710.00
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 956
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • Phone Email: ellenagee@hotmail.com
  • P O A Condo Contact Name: Academy CT Owner's Assoc
  • POACondoDues: 162.00
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2024-06-04
  • Residential Type: Attached
  • Style Of House: Other - See Remarks
  • SubdivisionMap: Academy Court
  • Total Above Grd Fin S Q F T: 956
  • TotalBdrm: 1
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 956.00
  • UpperAboveGrdFin Sq Ft: 246.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch

Utilities

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

Association/Amenities

  • Misc Features: Cable TV

Schools

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

Lot Info

  • Property Group Id: 19990816212109142258000000

Building Info

  • Year Built: 1985

Tax Info

  • Taxes (6 mo): 1643.00
  • FILLTAXID: 105-6-2-123

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Jun 19, 2024
Sold by
T-W Investments Llc
Bought by
E3bus Llc
Seller's Agent
Vicki Thomas
LONG & FOSTER - ROANOKE OFFICE
Buyer's Agent
Noah Beckley
REALSTAR, REALTORS(r) LLC
List Price
$175,000
Sold Price
$167,500
Premium/Discount to List
-$7,500
-4.29%
Views
31
Current Estimated Value
$178,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,481
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
Jul 26, 2005
Sold by
Utz Nancy E
Bought by
T W Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
E3bus Llc $167,500 Impact Title
T W Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner T W Investments Llc $74,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2024 06/20/24 Sold $167,500 -4.3% $175 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $175,000 -- $183 / 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
2024 $821 $136,900 $25,000 $111,900
2023 $1,343 $111,900 $0 $111,900
2022 $1,237 $103,100 $0 $103,100
2021 $1,237 $103,100 $0 $103,100
2020 $1,206 $100,500 $0 $100,500
2019 $1,133 $94,400 $0 $94,400
2018 $1,079 $91,400 $0 $91,400
2017 $1,079 $91,400 $0 $91,400
2016 $1,024 $86,800 $0 $86,800
2015 $981 $83,100 $11,000 $72,100
2014 $981 $83,100 $11,000 $72,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 907351

Roanoke Valley Association of REALTORS®

APN: 105-6-2-123