NOT LISTED FOR SALE

1240 Red Lane Extension Salem, VA 24153

Estimated Value: $444,000 - $496,000

3 Beds
2 Baths
2,050 Sq Ft
$231/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $316,000 $154 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,860/month

Highlights

  • Mountain View
  • Whirlpool Bathtub
  • No HOA
  • Fort Lewis Elementary School Rated A-
  • Sun or Florida Room
  • Fenced Yard

About This Home

As of October 2020

This beautiful home offers One-Floor Living with a spacious Open Concept living space, Gas Log Fireplace and 9 foot ceilings. French doors open up to a large four-season Sun Room with beautiful mountain views and access to the large yard with a patio, oil-rubbed bronze fence, and a storage shed. The Master Suite w/walk-in closet, Master bath w/Jacuzzi tub, 2 additional Bedrooms, Laundry Room, Stainless Steel appliances, Front Porch, Whole-House Generac generator, and Whole-House Stereo/Intercom system are features that make this house a must-see!! Perfectly located, this house is just a 2 minute drive to Hanging Rock Golf course and Salem Racquet & Pool Club, and just a 5 minute drive to the quaint shops and restaurants in downtown Salem. No HOA! Which means no associated fees

Last Buyer's Agent

Steve Eller

LICHTENSTEIN ROWAN, REALTORS(r) License #0225217181

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,890

Year Built

  • Built in 2005

Lot Details

  • 0.33 Acre Lot
  • Fenced Yard
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2,050 Sq Ft Home
  • 1-Story Property
  • Sound System
  • Ceiling Fan
  • Gas Log Fireplace
  • Sliding Doors
  • Great Room with Fireplace
  • Sun or Florida Room
  • Mountain Views
  • Laundry on main level

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Home Security

  • Intercom
  • Storm Doors

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Patio
  • Shed
  • Front Porch

Schools

  • Fort Lewis Elementary School
  • Glenvar Middle School
  • Glenvar High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Underground Utilities
  • Power Generator
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 9

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,890

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Interior Features: Audio-Video Wired, Ceiling Fan, Gas Log Fireplace, Walk-in-Closet, Whirlpool Bath
  • Heating System: Forced Air Gas
  • Fireplace(s): Great Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Slab
  • Major Appliances: Dishwasher, Disposer, Garage Door Opener, Generator, In-House Stereo, Intercom, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Fenced Yard, Patio, Paved Driveway, Storage Shed, Sunroom
  • Views: Mountain
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 2050.00
  • ExteriorDoors: Insulated Storm, Sliding
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 2
  • Grand Total Attached S Q F T: 2330
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Xfinity
  • LaundryLaundryEntryLevel: 1
  • Major Area: 02 - Roanoke County
  • MasterBedroomsMasterBREntryLvl: 1
  • NumberPrimCovSpaces: 1.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2020-09-08
  • Residential Type: Detached
  • Style Of House: 1 Story
  • SubagentAuthorized: No
  • SubdivisionMap: Eagle View Estates
  • Total Above Grd Fin S Q F T: 2050
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2050.00
  • TotalUnfin Sq Ft: 280.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Entry Above Grd Unfin S Q F T: 280.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • 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: Underground Util

Schools

  • Elementary School: Fort Lewis
  • Middle School: Glenvar
  • High School: Glenvar

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.33
  • Lot: 9

Building Info

  • Year Built: 2005

Tax Info

  • Taxes (6 mo): 2889.59
  • FILLTAXID: 045.02-02-09.00

MLS Schools

  • Elementary School: Fort Lewis
  • HighSchool: Glenvar
  • Middle School: Glenvar

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Oct 1, 2020
Sold by
Saunders Dannalie A and Labounty Simone M
Bought by
Warren Robert L and Warren Carolyn F
Buyer's Agent
Steve Eller
LICHTENSTEIN ROWAN, REALTORS(r)
List Price
$324,900
Sold Price
$316,000
Premium/Discount to List
-$8,900
-2.74%
Current Estimated Value
$472,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,674
Avg. Annual Appreciation
8.56%
Original Mortgage
$252,800
Outstanding Balance
$181,304
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$291,370

Purchase Details

Closed on
Aug 6, 2020
Sold by
Macbrien Suzanne J
Bought by
Saunders Dannalie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,800
Outstanding Balance
$181,304
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$291,370

Purchase Details

Listed on
Mar 17, 2013
Closed on
May 13, 2013
Sold by
Russell Beverly Q
Bought by
Powers Roger D and Powers Betty J
Seller's Agent
Callie Dalton
LONG & FOSTER - OAK GROVE
Buyer's Agent
Barbara Michelsen
LONG & FOSTER - ROANOKE OFFICE
List Price
$269,000
Sold Price
$255,000
Premium/Discount to List
-$14,000
-5.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%

Purchase Details

Closed on
Oct 31, 2005
Sold by
Poff M Kevin and Poff Carrie S
Bought by
Russell Beverly Q
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
Warren Robert L $316,000 First American Title Ins Co
Saunders Dannalie A -- None Available
Powers Roger D $235,000 None Available
Russell Beverly Q $272,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warren Robert L $252,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $316,000 -2.7% $154 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $324,900 +14.0% $158 / Sq Ft
10/15/2015 10/15/15 Sold $285,000 -3.7% $139 / Sq Ft
09/04/2015 09/04/15 Pending -- -- --
08/14/2015 08/14/15 For Sale $295,950 +16.1% $144 / Sq Ft
05/24/2013 05/24/13 Sold $255,000 -5.2% $131 / Sq Ft
04/01/2013 04/01/13 Pending -- -- --
03/17/2013 03/17/13 For Sale $269,000 -- $138 / 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 $4,109 $398,900 $72,000 $326,900
2024 $3,914 $376,300 $72,000 $304,300
2023 $3,809 $359,300 $69,000 $290,300
2022 $3,540 $324,800 $59,000 $265,800
2021 $3,250 $298,200 $54,000 $244,200
2020 $3,087 $283,200 $50,000 $233,200
2019 $2,944 $270,100 $50,000 $220,100
2018 $2,858 $265,100 $50,000 $215,100
2017 $2,858 $262,200 $50,000 $212,200
2016 $2,770 $254,100 $50,000 $204,100
2015 $2,745 $251,800 $50,000 $201,800
2014 $2,741 $251,500 $50,000 $201,500
Source: Public Records

Agents Affiliated with this Home

  • Steve Eller

    Buyer's Agent in 2020

    Steve Eller

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 793-2012

    104 Total Sales

    Steve Eller
    Section Image
  • Joe Kraft

    Buyer Co-Listing Agent in 2020

    Joe Kraft

    LICHTENSTEIN ROWAN, REALTORS(r)

    (727) 296-7492

    333 Total Sales

    Joe Kraft
    Section Image

  • B

    Seller's Agent in 2015

    Barbara Michelsen

    LONG & FOSTER - ROANOKE OFFICE

    (540) 797-5447

    33 Total Sales

    Barbara Michelsen
    Section Image
  • Callie Dalton

    Seller's Agent in 2013

    Callie Dalton

    LONG & FOSTER - OAK GROVE

    (540) 989-0863

    496 Total Sales

    Callie Dalton
    Section Image

  • S

    Seller Co-Listing Agent in 2013

    Susan Bailey

    LONG & FOSTER - ROANOKE OFFICE

    (540) 525-1844

    173 Total Sales

    Susan Bailey
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 872630

Roanoke Valley Association of REALTORS®

APN: 045.02-02-09

Virginia Roanoke County Salem 24153

1240 Red Lane Extension, Salem, VA

This home is located at 1240 Red Lane Extension, Salem, VA 24153 since 24 August 2020 and is currently estimated at $472,674, approximately $230 per square foot. This property was built in 2005. 1240 Red Lane Extension is a home located in Roanoke County with nearby schools including Fort Lewis Elementary School, Glenvar Middle School, and Glenvar 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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