NOT LISTED FOR SALE

128 Ferrum Dr Salem, VA 24153

Salem Area

Estimated Value: $643,000 - $762,000

4 Beds
3 Baths
2,413 Sq Ft
$297/Sq Ft Est. Value

Sale Details

Date Sold: June 24, 2022

Last sale price $640,000 $265 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,682 / mo

425 Days on Market

Highlights

  • Mountain View
  • Cathedral Ceiling
  • 2 Car Attached Garage
  • Deck
  • Covered Patio or Porch
  • Storage

About This Home

As of June 2022

Last building lot in one of Salem's nicest established neighborhoods. New Craftsman style home with lots of upgrades make this home even better. A Metwood garage floor system which provides 550 sq ft of additional storage space in the basement. The Vaulted ceilings in the open concept plan ae the perfect additions to this first floor master design. The kitchen and large island are perfect for foodies and entertainers. Huge private back yard, with a view of the mountains. Owner/Realtor

Last Agent to Sell the Property

Brad Graham

MKB, REALTORS® License #0225127202 Listed on: 04/14/2021

MKB, REALTORS®

Last Buyer's Agent

BRAD GRAHAM

RE/MAX REAL ESTATE ONE

Range of Values:

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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

  • $7,199

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 20,038 Sq Ft Lot
  • Property fronts a private road

HOA Fees

  • $103 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,413 Sq Ft Home
  • 1.5-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • French Doors
  • Great Room with Fireplace
  • Storage
  • Laundry on main level
  • Mountain Views

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • 3 Full Bathrooms

Basement

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

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Renta Mcmillian/Murray Realty Association
  • Homeplace Subdivision

Listing and Financial Details

  • Tax Lot 19

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,199

Year Built

Built in 2021 | Under Construction

Lot Details

0.46 Acres

HOA Fees

$103 per month

Listing Details

  • Interior Features: Cathedral Ceiling, Ceiling Fan, Gas Log Fireplace, Storage
  • Heating System: Forced Air Gas
  • Fireplace(s): Great Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Disposer, Garage Door Opener, Microwave Oven (Built In), Range Gas
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Deck, Patio, Paved Driveway
  • Views: Mountain
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1842.00
  • ExteriorDoors: French, Wood
  • Fireplace Number Fireplaces: 1
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • NumberPrimCovSpaces: 2.00
  • Phone Email: 540-627-5104
  • P O A Condo Contact Name: Renta McMillian/Murray Realty
  • POACondoDues: 1240.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: 1.5 Story
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 2413
  • TotalBdrm: 4
  • TotalBths: 3.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 2413.00
  • TotalUnfin Sq Ft: 1719.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 1719.00
  • UpperAboveGrdFin Sq Ft: 571.00
  • Water Class: N/A
  • Water Htr Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Rear Porch

Utilities

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

Association/Amenities

  • Misc Features: Cable TV, Private Road, Underground Util

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.46
  • Lot: 19

Building Info

  • Year Built: 2021

Tax Info

  • Taxes (6 mo): 7199.00

MLS Schools

  • Elementary School: East 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
Apr 14, 2021
Closed on
Jun 17, 2022
Sold by
Brad Graham Real Estate Llc
Bought by
Seller's Agent
Brad Graham
MKB, REALTORS®
Buyer's Agent
Brad Graham
MKB, REALTORS®
List Price
$659,950
Sold Price
$640,000
Premium/Discount to List
-$19,950
-3.02%
Current Estimated Value
$716,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,853
Avg. Annual Appreciation
2.74%

Purchase Details

Listed on
Sep 14, 2020
Closed on
Nov 19, 2020
Sold by
Simms Mark E and Mark E Simms Revocable Trust
Bought by
Brad Graham Real Estate Llc
Seller's Agent
Shannon Hall
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN
Buyer's Agent
Brad Graham
MKB, REALTORS®
List Price
$76,500
Sold Price
$75,000
Premium/Discount to List
-$1,500
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
288.43%
Original Mortgage
$383,500
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 18, 2018
Sold by
Salem Enterprises Llc
Bought by
Simms Mark E and Simms Paul Keith
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

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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
$640,000 Star City Title
Brad Graham Real Estate Llc $75,000 First Choice Title & Setmnt
Simms Mark E -- None Available
Simms Mark E -- 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
Previous Owner $50,000
Previous Owner Brad Graham Real Estate Llc $75,000
Previous Owner Brad Graham Real Estate Llc $383,500
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
06/24/2022 06/24/22 Sold $640,000 -3.0% $265 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
04/14/2021 04/14/21 For Sale $659,950 +779.9% $273 / Sq Ft
11/23/2020 11/23/20 Sold $75,000 -2.0% -- View Prior Sale
09/16/2020 09/16/20 Pending -- -- --
09/14/2020 09/14/20 For Sale $76,500 -- --
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 $7,711 $664,700 $88,000 $576,700
2025 $3,685 $624,500 $85,000 $539,500
2024 $3,563 $593,900 $80,900 $513,000
2023 $6,305 $525,400 $74,900 $450,500
2022 $5,844 $487,000 $69,500 $417,500
2021 $791 $65,900 $65,900 $0
2020 $755 $62,900 $62,900 $0
2019 $755 $62,900 $62,900 $0
2018 $707 $59,900 $59,900 $0
2017 $707 $59,900 $59,900 $0
2016 $707 $59,900 $59,900 $0
2015 $679 $57,500 $57,500 $0
2014 $679 $57,500 $57,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 878783

Roanoke Valley Association of REALTORS®

APN: 274-2-19

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