$738,000
SOLD JUL 1, 2026

137 Ferrum Dr Salem, VA 24153

Salem Area
5 Beds
3.5 Baths
5,375 Sq Ft
0.79 Acre Lot

Sale Details

Date Sold: July 1, 2026

$137 Per Sq Ft

8% Below List Price

8 Days on Market

Highlights

  • Water Access
  • Cathedral Ceiling
  • Breakfast Area or Nook
  • 0.79 Acre Lot
  • Mud Room
  • Cul-De-Sac

About This Home

As of July 2026

Exceptional home in Salem's sought-after Homeplace neighborhood! Over 4,600 finished sq ft across 3 levels with 5 bedrooms and 3.5 baths. The stunning entry level features a primary suite with walk-in tile shower, great room with cathedral ceilings and double-sided gas fireplace, gourmet kitchen with granite counters, stainless appliances, gas range, and large island -- plus formal dining, office, and mudroom. Surround sound wiring in living room. Upper level offers 3 bedrooms or a versatile bonus/5th bedroom. Walk-out lower level boasts a large family room, bar, bedroom, full bath, and rec room. 2-car garage, deck with gas grill line, cul-de-sac lot. Central vac, security system, and more!

Last Agent to Sell the Property

Jay Kilby

RE/MAX ALL STARS License #0225175819 Listed on: 05/21/2026

RE/MAX ALL STARS

Last Buyer's Agent

Diana Shanklin

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN License #0225229912

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,750

Year Built

  • Built in 1997

Lot Details

  • 34,412 Sq Ft Lot
  • Cul-De-Sac

HOA Fees

  • $10 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 1.5-Story Property
  • Cathedral Ceiling
  • Mud Room
  • Great Room with Fireplace
  • Storage
  • Laundry on main level
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Outdoor Gas Grill
  • Front Porch

Schools

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

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Underground Utilities
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Homeplace HOA
  • Homeplace Subdivision

Listing and Financial Details

  • Tax Lot 13A

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,750

Year Built

Built in 1997

Lot Details

0.79 Acres

HOA Fees

$10 per month

Listing Details

  • Interior Features: Bookcases, Breakfast Area, Cathedral Ceiling(s), Ceiling Fan(s), Central Vacuum, Storage, Walk-In Closet(s)
  • Heating System: Forced Air Gas, Heat Pump Electric
  • Fireplace(s): Great Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full, Walk-Out Access
  • Major Appliances: Dishwasher, Microwave Oven (Built In), Range Gas, Refrigerator
  • Cooling System: Central Air, Heat Pump Electric
  • Outside Features: Gas Grill & Line, Nat Gas Line Outdoor, Paved Driveway
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 2575.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Xfinity
  • LaundryLaundryEntryLevel: 1
  • LowerBelowGrdFin Sq Ft: 1665.00
  • Major Area: 03 - City of Salem
  • NumberPrimCovSpaces: 2.00
  • P O A Condo Contact Name: Homeplace HOA
  • POACondoDues: 125.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: 1.5 Story
  • Total Above Grd Fin S Q F T: 3710
  • TotalBdrm: 5
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 5375.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 910.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 910.00
  • UpperAboveGrdFin Sq Ft: 1135.00
  • Water Class: Water Access Only
  • Water Htr Energy: Natural Gas
  • WaterID: River or Other
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Covered Porch, Front Porch

Utilities

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

Association/Amenities

  • Misc Features: Cable TV, Cul-De-Sac, Paved Road, Underground Util

Lot Info

  • Lot Description: Gentle Sloping
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.79
  • Lot: 13A
  • Phase: 8

Building Info

  • Year Built: 1997

Tax Info

  • Taxes (6 mo): 3750.04

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
May 21, 2026
Closed on
Jun 18, 2026
Sold by
Bought by
Seller's Agent
Jay Kilby
RE/MAX ALL STARS
Buyer's Agent
Diana Shanklin
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN
List Price
$799,950
Sold Price
$738,000
Premium/Discount to List
-$61,950
-7.74%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.78%
Original Mortgage
$590,400
Outstanding Balance
$590,400
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$207,164

Purchase Details

Listed on
May 3, 2021
Closed on
Jul 5, 2021
Sold by
Bought by
Seller's Agent
Cindy Clayton
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN
Buyer's Agent
Brittany Shultz-Moore
WAINWRIGHT & CO., REALTORS®
List Price
$599,000
Sold Price
$599,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.35%
Original Mortgage
$479,200
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 3, 2018
Closed on
Jun 27, 2018
Sold by
Bought by
Seller's Agent
THOMAS STOVER
T & E REALTY GROUP LLC
Buyer's Agent
Cindy Clayton
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN
List Price
$509,950
Sold Price
$511,000
Premium/Discount to List
$1,050
0.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$511,000
Interest Rate
4.5%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Deed $738,000 Investors Title
Deed $599,000 Fidelity National Ttl Ins Co
Deed $511,000 Performance Title & Settleme
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 Loan Amount Loan Type
Open $590,400 New Conventional
Previous Owner $479,200 New Conventional
Previous Owner $511,000 New Conventional
Previous Owner $120,000 Unknown
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
07/01/2026 07/01/26 Sold $738,000 -7.7% $137 / Sq Ft
05/29/2026 05/29/26 Pending -- -- --
05/21/2026 05/21/26 For Sale $799,950 +33.5% $149 / Sq Ft
08/06/2021 08/06/21 Sold $599,000 0.0% $128 / Sq Ft View Prior Sale
05/05/2021 05/05/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $599,000 +17.2% $128 / Sq Ft
07/12/2018 07/12/18 Sold $511,000 +0.2% $110 / Sq Ft View Prior Sale
04/16/2018 04/16/18 Pending -- -- --
04/03/2018 04/03/18 For Sale $509,950 -- $109 / 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 $3,750 $635,600 $93,700 $541,900
2024 $3,644 $607,300 $89,100 $518,200
2023 $6,644 $553,700 $82,500 $471,200
2022 $6,283 $523,600 $76,500 $447,100
2021 $5,908 $492,300 $72,600 $419,700
2020 $5,628 $469,000 $69,300 $399,700
2019 $5,436 $453,000 $69,300 $383,700
2018 $4,870 $412,700 $66,000 $346,700
2017 $5,212 $441,700 $66,000 $375,700
2016 $5,212 $441,700 $66,000 $375,700
2015 $5,075 $430,100 $56,000 $374,100
2014 $5,075 $430,100 $56,000 $374,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 927772

Roanoke Valley Association of REALTORS®

APN: 274-4-8

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