NOT LISTED FOR SALE

131 Academy St Salem, VA 24153

Estimated Value: $220,000 - $265,000

2 Beds
2.5 Baths
1,487 Sq Ft
$165/Sq Ft Est. Value

Last Sold October 16, 2019

Last sale price $137,800 $93 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,712/month

105 Days on Market

Highlights

  • City View
  • Cathedral Ceiling
  • Breakfast Area or Nook
  • Salem High School Rated A-
  • Covered Patio or Porch
  • In-Law or Guest Suite

About This Home

As of October 2019

Charming historical landmark of Salem. Building was Salem's school in 1900's. Renovated in 1985, 1st floor condo offers one floor living and is walking distance to main street,restaurants, Farmers Market, Breweries, blocks from Roanoke College campus, & Salem Municipal Golf Course. Up-dated kitchen & bath. Quint balcony area for office and storage. Unit includes a finished Mother-in-law suite in lower level withseparate entrance, separate thermostat and heat pump (can easily be rented). Water and sewer included in association fee. Original windows. Formerly levels connected by spiral staircase can easily be reconnected support structure remains.

Last Agent to Sell the Property

Sheila Page

MKB, REALTORS(r) License #0225181260 Listed on: 05/03/2019

MKB, REALTORS(r)

Last Buyer's Agent

Jen Koll

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN License #0225213334

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $1,534

Year Built

  • Built in 1898

Lot Details

  • 1.26

HOA Fees

  • $269 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Drapes & Rods
  • Storage
  • City Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Covered Spaces
  • Assigned Parking

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Level Lot

Community Details

Overview

  • Academy Court Association
  • Academy Court Subdivision

Amenities

  • Restaurant
  • Public Transportation

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$1,534

Year Built

Built in 1898

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Interior Features: All Drapes, Breakfast Area, Cathedral Ceiling, Ceiling Fan, Storage, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Condominium
  • Has Basement: Full Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Disposer, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Paved Driveway
  • Views: City
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • BedroomsBRLowerLevel: 1
  • EntryAboveGrdFin Sq Ft: 744.00
  • ExteriorDoors: Metal
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsLowerLvl: 1
  • Grand Total Attached S Q F T: 1487
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Comcast
  • LaundryLaundryEntryLevel: 1
  • LowerBelowGrdFin Sq Ft: 743.00
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • MasterBedroomsMasterBRLowerLvl: 1
  • NumberAddCovSpaces: 2.00
  • Phone Email: 540-389-1100
  • P O A Condo Contact Name: Academy Court
  • POACondoDues: 269.00
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2019-08-16
  • Residential Type: Attached
  • Total Above Grd Fin S Q F T: 744
  • TotalBdrm: 2
  • TotalBths: 2.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1487.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 1.00
  • Uncovered Parking: Designated Spaces
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • 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, In-Law Quarters, Paved Road, Underground Util

Schools

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

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Lot: 00

Building Info

  • Year Built: 1898

Tax Info

  • Taxes (6 mo): 1534.00
  • FILLTAXID: 105-6-2-131

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 3, 2019
Closed on
Oct 15, 2019
Sold by
Ellis Anna C
Bought by
Wood Vicki L
Seller's Agent
Sheila Page
MKB, REALTORS(r)
Buyer's Agent
Jen Koll
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN
List Price
$136,000
Sold Price
$137,800
Premium/Discount to List
$1,800
1.32%
Current Estimated Value
$245,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,022
Avg. Annual Appreciation
10.44%
Original Mortgage
$73,150
Outstanding Balance
$64,661
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$181,161

Purchase Details

Closed on
Jun 28, 2010
Sold by
Creasy Roy V
Bought by
Elllis Anna C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,300
Interest Rate
4.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Wood Vicki L $137,800 Old Republic Natl Ttl Ins Co
Elllis Anna C $105,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wood Vicki L $73,150
Previous Owner Elllis Anna C $79,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2019 10/16/19 Sold $137,800 +1.3% $93 / Sq Ft
08/16/2019 08/16/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $136,000 -- $91 / 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 $1,160 $193,300 $25,000 $168,300
2023 $2,020 $168,300 $0 $168,300
2022 $1,916 $159,700 $0 $159,700
2021 $1,802 $150,200 $0 $150,200
2020 $1,800 $150,000 $0 $150,000
2019 $1,679 $139,900 $0 $139,900
2018 $1,615 $136,900 $0 $136,900
2017 $1,615 $136,900 $0 $136,900
2016 $1,534 $130,000 $0 $130,000
2015 $1,559 $132,100 $23,700 $108,400
2014 $1,559 $132,100 $23,700 $108,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sheila Page

    MKB, REALTORS(r)

    (540) 871-9936

    2 in this area

    29 Total Sales

    Section Image

  • J

    Buyer's Agent in 2019

    Jen Koll

    BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

    (540) 765-7193

    4 in this area

    43 Total Sales

    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 858723

Roanoke Valley Association of REALTORS®

APN: 105-6-2-131

Virginia Salem City County Salem 24153

131 Academy St, Salem, VA

This home is located at 131 Academy St, Salem, VA 24153 since 03 May 2019 and is currently estimated at $245,822, approximately $165 per square foot. This property was built in 1898. 131 Academy St is a home located in Salem City with nearby schools including West Salem Elementary School, Andrew Lewis Middle School, and Salem 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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