NOT LISTED FOR SALE

126 Lake Ave Salem, VA 24153

Salem Area

Estimated Value: $298,000 - $326,000

3 Beds
1.5 Baths
2,106 Sq Ft
$149/Sq Ft Est. Value

Sale Details

Date Sold: December 19, 2019

Last sale price $190,000 $90 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,834 / mo

22 Days on Market

Highlights

  • Mountain View
  • Living Room with Fireplace
  • Screened Porch
  • Deck
  • No HOA
  • Fenced Yard

About This Home

As of December 2019

Charm abounds! Convenient to everything, this sweet home is just a short walk to downtown and Lake Spring Park.Hardwood floors throughout and freshly redone upstairs. The main level is warm and welcoming with plenty of nooks for tucking things neatly away. A bedroomon the main level and two more dormer window bedrooms upstairs (one of which includes a grand open closet.) Just out back you'll find ascreened porch perfect for enjoying the breeze. The fully fenced yard is generous and flat, great for a gardening. Wide quiet street in an established neighborhood.Super clean, well maintained and move-in ready.

Last Buyer's Agent

Chris Reavis

MKB, REALTORS(r) License #0225230637

MKB, REALTORS(r)

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,897

Year Built

  • Built in 1948

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 55 x 150
  • Fenced Yard
  • Level Lot
  • Cleared Lot
  • Garden

Home Design

  • Stucco

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Screened Porch
  • Storage
  • Mountain Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,897

Year Built

Built in 1948

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Interior Features: Ceiling Fan, Fireplace Screen, Gas Log Fireplace, Storage
  • Heating System: Forced Air Gas
  • Fireplace(s): Living Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Deck, Fenced Yard, Garden Space, Patio, Screened Porch, Storage Shed
  • Views: Mountain
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 970.00
  • ExteriorDoors: Metal, Wood
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 437.00
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBRUpperLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: 1.5 Story
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 1669
  • TotalBdrm: 3
  • TotalBths: 1.10
  • TotalFBaths: 1
  • Total Finished Sq Ft: 2106.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 2.00
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 699.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Side Porch

Utilities

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

Lot Info

  • Lot Description: Cleared, Level Lot
  • Lot Dimensions: 55 X 150
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.19

Building Info

  • Year Built: 1948

Tax Info

  • Taxes (6 mo): 1897.00

MLS Schools

  • Elementary School: West 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

Listed on
Oct 21, 2019
Closed on
Dec 18, 2019
Sold by
Bought by
Buyer's Agent
Chris Reavis
MKB, REALTORS(r)
List Price
$198,950
Sold Price
$190,000
Premium/Discount to List
-$8,950
-4.5%
Current Estimated Value
$312,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,806
Avg. Annual Appreciation
7.76%
Original Mortgage
$180,500
Outstanding Balance
$156,010
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$156,796

Purchase Details

Closed on
Dec 5, 2005
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
$50,000
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Salem, VA

  • Brenda Bratt Real Estate Agent - WAINWRIGHT & CO., REALTORS(r)- LAKE

    Brenda Bratt

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 590-5011

    228 Total Sales

    3 in Salem

    $220K - $495K Price Range

    Brenda Bratt
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  • Tammy Shepherd Real Estate Agent - SHEPHERD REALTY GROUP

    Tammy Shepherd

    SHEPHERD REALTY GROUP

    (540) 666-6265

    255 Total Sales

    9 in Salem

    $150K - $572K Price Range

    Tammy Shepherd
     Section Image
  • Lisa Martin Real Estate Agent - LISA & CO., REALTORS(r)

    Lisa Martin

    LISA & CO., REALTORS(r)

    (540) 592-4413

    108 Total Sales

    2 in Salem

    $206K - $237K Price Range

    Lisa Martin
     Section Image

  • GA

    Greg Alexander

    KW SALEM PROFESSIONALS

    (540) 240-9568

    94 Total Sales

    5 in Salem

    $222K - $495K Price Range

    Greg Alexander
     Section Image
  • Kevin Westlake Real Estate Agent - KEYSTONE REALTY OF ROANOKE LLC

    Kevin Westlake

    KEYSTONE REALTY OF ROANOKE LLC

    (540) 240-9772

    46 Total Sales

    1 in Salem

    $312,900 Price

    Kevin Westlake
     Section Image
  • Amanda Patterson Real Estate Agent - VARNEY REALTY PARTNERS

    Amanda Patterson

    VARNEY REALTY PARTNERS

    (540) 452-9637

    55 Total Sales

    2 in Salem

    $265K - $486K Price Range

    Amanda Patterson
     Section Image
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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
$190,000 First Choice Title & Setmnt
-- 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 $180,500
Previous Owner $50,000
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
12/19/2019 12/19/19 Sold $190,000 -4.5% $90 / Sq Ft
11/12/2019 11/12/19 Pending -- -- --
10/21/2019 10/21/19 For Sale $198,950 -- $94 / 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 $1,375 $233,100 $43,700 $189,400
2024 $1,294 $215,700 $42,300 $173,400
2023 $2,384 $198,700 $40,000 $158,700
2022 $2,251 $187,600 $35,300 $152,300
2021 $2,162 $180,200 $32,900 $147,300
2020 $1,918 $159,800 $30,600 $129,200
2019 $1,897 $158,100 $30,600 $127,500
2018 $1,860 $157,600 $30,600 $127,000
2017 $1,843 $156,200 $30,600 $125,600
2016 $1,843 $156,200 $30,600 $125,600
2015 $844 $143,100 $29,000 $114,100
2014 $844 $143,100 $29,000 $114,100
Source: Public Records

Agents Affiliated with this Home

  • Chris Reavis Real Estate Agent - MKB, REALTORS(r)

    Buyer's Agent in 2019

    Chris Reavis

    MKB, REALTORS(r)

    (540) 353-3349

    45 Total Sales

    Chris Reavis
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 864236

Roanoke Valley Association of REALTORS®

APN: 103-3-3

Virginia Salem City County Salem 24153

126 Lake Ave, 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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