NOT LISTED FOR SALE

1501 Melrose Ave NW Roanoke, VA 24017

Loudon-Melrose Neighborhood

Estimated Value: $111,000 - $162,000

4 Beds
2 Baths
1,834 Sq Ft
$70/Sq Ft Est. Value

Last Sold July 30, 2013

Last sale price $28,400 $15 Per Sq Ft

Est. 353% increase in value since last sale

Current estimated payment $802/month

35 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 1-minute walk to Melrose Park
  • Covered Patio or Porch
  • Level Lot

About This Home

As of July 2013

Sold AS IS. Great investment property. 4BR,2BA,LR,EIK,Den,covered porches. Qualifies for HomePath Renovation Mortgage, for info go to www.HomePath.com. Sq Ft and taxes per GIS, buyer to verify all info and perform ALL inspection.

Last Agent to Sell the Property

Dwayne Epperly

KELLER WILLIAMS REALTY ROANOKE License #0225060726 Listed on: 06/14/2013

KELLER WILLIAMS REALTY ROANOKE

Last Buyer's Agent

Dwayne Epperly

KELLER WILLIAMS REALTY ROANOKE License #0225060726 Listed on: 06/14/2013

KELLER WILLIAMS REALTY ROANOKE

Property Details

Home Type

  • Manufactured Home

Year Built

  • Built in 1910

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 52 x 140
  • Level Lot

Home Design

  • Single Family Detached Home
  • Manufactured Home

Interior Spaces

  • 1,834 Sq Ft Home
  • 2-Story Property
  • Basement
  • Dirt Floor
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Roanoke Academy Of Math And Science Elementary School
  • Lucy Addison Middle School
  • Patrick Henry High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Melrose Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Legal Lot and Block 16 / 41

Property Details

Home Type

Manufactured Home

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Dirt - Partial
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBRUpperLevel: 4
  • EntryAboveGrdFin Sq Ft: 917.00
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 1834
  • LaundryLaundryEntryLevel: 1
  • Major Area: 01 - City of Roanoke
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2013-07-19
  • REOProperties: REO
  • Residential Type: Detached
  • Style Of House: 2 Story
  • Total Above Grd Fin S Q F T: 1834
  • TotalBdrm: 4
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1834.00
  • UpperAboveGrdFin Sq Ft: 917.00
  • Water Class: N/A
  • Water Htr Energy: Natural Gas
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 2

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

Schools

  • Elementary School: Roanoke Academy of Math and Science
  • Middle School: Lucy Addison
  • High School: Patrick Henry

Lot Info

  • Lot Description: Level Lot
  • Lot Dimensions: 52 x 140
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.16
  • Lot: 16

Building Info

  • Year Built: 1910

Tax Info

  • Taxes (6 mo): 770.00
  • FILLTAXID: 2221711

MLS Schools

  • Elementary School: Roanoke Academy of Math and Science
  • HighSchool: Patrick Henry
  • Middle School: Lucy Addison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2013
Closed on
Jul 29, 2013
Sold by
Federal National Mortgage Association
Bought by
Mckinney Herbert M and Mckinney Virginia M
Seller's Agent
Dwayne Epperly
KELLER WILLIAMS REALTY ROANOKE
Buyer's Agent
Dwayne Epperly
KELLER WILLIAMS REALTY ROANOKE
List Price
$33,200
Sold Price
$28,400
Premium/Discount to List
-$4,800
-14.46%
Current Estimated Value
$128,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,200
Avg. Annual Appreciation
13.12%

Purchase Details

Closed on
May 9, 2013
Sold by
Poe Linda Roark
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 20, 2007
Sold by
Jenkins Clarence L
Bought by
Poe Linda Roark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2006
Sold by
Atlantic One Holdings Llc
Bought by
Jenkins Clarence L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
8.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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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
Mckinney Herbert M $28,900 Preferred Sttlement & Title
Federal National Mortgage Association $102,193 None Available
Poe Linda Roark $110,000 Lawyers Title Insurance Corp
Poe Linda Roark -- None Available
Jenkins Clarence L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Poe Linda Roark $88,000
Previous Owner Jenkins Clarence L $81,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2013 07/30/13 Sold $28,400 -14.5% $15 / Sq Ft
07/19/2013 07/19/13 Pending -- -- --
06/14/2013 06/14/13 For Sale $33,200 -- $18 / 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 $1,541 $108,800 $15,100 $93,700
2024 $1,541 $91,800 $10,800 $81,000
2023 $1,326 $74,900 $7,500 $67,400
2022 $1,008 $67,500 $6,200 $61,300
2021 $941 $62,900 $5,200 $57,700
2020 $907 $61,200 $5,200 $56,000
2019 $876 $58,600 $5,200 $53,400
2018 $914 $61,700 $5,200 $56,500
2017 $818 $61,700 $5,200 $56,500
2016 $818 $61,700 $5,200 $56,500
2015 $770 $61,700 $5,200 $56,500
2014 $770 $61,700 $5,200 $56,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Dwayne Epperly

    KELLER WILLIAMS REALTY ROANOKE

    (540) 314-0210

    2 in this area

    91 Total Sales

    Dwayne Epperly
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 794018

Roanoke Valley Association of REALTORS®

APN: 222-1711

Virginia Roanoke City County Roanoke 24017 Loudon-Melrose

1501 Melrose Ave NW, Roanoke, VA

This home is located at 1501 Melrose Ave NW, Roanoke, VA 24017 since 14 June 2013 and is currently estimated at $128,600, approximately $70 per square foot. This property was built in 1910. 1501 Melrose Ave NW is a home located in Roanoke City with nearby schools including Roanoke Academy for Math & Science Elementary School, Lucy Addison Middle School, and Patrick Henry 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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