NOT LISTED FOR SALE

1508 Wise Ave SE Roanoke, VA 24013

Fallon Neighborhood

Estimated Value: $95,000 - $137,000

2 Beds
1 Bath
945 Sq Ft
$124/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $69,900 $74 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $712/month

2 Days on Market

Highlights

  • Living Room with Fireplace
  • Front Porch
  • Ceiling Fan
  • No HOA
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of May 2021

This spacious home has recently undergone a complete remodel. The entire kitchen is new. Counters, appliances and cabinets. Much larger than you might expect in a home of this age! New paint everywhere, and the hardwoods will be refinished prior to COE. Property has a current rental certificate that expires on 5/2023, so it is rent-ready for an investor. Close to downtown Roanoke, restaurants, and shopping.

Last Agent to Sell the Property

Jason Roggensee

THE GRANDIN AGENCY License #0225217008 Listed on: 03/29/2021

Co-Listed By

Jacob Price

EXP REALTY LLC - STAFFORD License #0225234352

Last Buyer's Agent

Grant Cockrell

RE/MAX ALL STARS License #0225175737

RE/MAX ALL STARS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $321

Year Built

  • Built in 1925

Lot Details

  • 6,752

Interior Spaces

  • 945 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Partial Basement

Kitchen

  • Electric Range
  • Built-In Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Fallon Park Elementary School
  • John P. Fishwick Middle School
  • William Fleming High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Front Porch
  • Lot Dimensions are 40x170

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 10

Home Details

Home Type

Single Family

Est. Annual Taxes

$321

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Baseboard Electric, Forced Air Gas
  • Fireplace(s): Living Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: No Cooling System
  • AddlCoveredPrkng: Not Applicable
  • EntryAboveGrdFin Sq Ft: 598.00
  • ExteriorDoors: Metal, Wood
  • LaundryLaundryEntryLevel: 1
  • Major Area: 01 - City of Roanoke
  • 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: 945
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 945.00
  • TotalUnfin Sq Ft: 323.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 323.00
  • UpperAboveGrdFin Sq Ft: 347.00
  • 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, Rear Porch

Utilities

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

Lot Info

  • Lot Description: Varied
  • Lot Dimensions: 40x170
  • Property Group Id: 19990816212109142258000000
  • Lot: 10
  • Phase: 1

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 320.86

MLS Schools

  • Elementary School: Fallon Park
  • HighSchool: William Fleming
  • Middle School: John P. Fishwick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2025
Sold by
Arbogast Mark A and Arbogast Anna
Bought by
Arbo Investments Llc
Current Estimated Value
$117,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Outstanding Balance
$70,726
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$46,325

Purchase Details

Listed on
Mar 29, 2021
Closed on
May 6, 2021
Sold by
Ryt Llc
Bought by
Arbogast Mark A and Arbogast Anna
Seller's Agent
Jason Roggensee
THE GRANDIN AGENCY
Buyer's Agent
Grant Cockrell
RE/MAX ALL STARS
List Price
$69,900
Sold Price
$69,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.59%
Original Mortgage
$59,415
Interest Rate
3.1%
Mortgage Type
Amount Keyed Is An Aggregate Amount

Purchase Details

Closed on
Oct 27, 2011
Sold by
Fannie Mae
Bought by
Ryt Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
4.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2011
Sold by
Curtis Genia L
Bought by
Federal National Mortgageassn

Purchase Details

Closed on
Mar 23, 2007
Sold by
Drummond John R and Drummond John Richard
Bought by
Curtis Genia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,100
Interest Rate
6.21%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Arbo Investments Llc -- First American Title
Arbogast Mark A $69,900 Colonial Title
Ryt Llc $13,000 None Available
Federal National Mortgageassn $109,712 None Available
Curtis Genia L $98,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arbo Investments Llc $71,000
Previous Owner Arbogast Mark A $59,415
Previous Owner Ryt Llc $28,000
Previous Owner Curtis Genia L $93,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold $69,900 0.0% $74 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $69,900 -- $74 / 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 $1,266 $90,500 $14,800 $75,700
2024 $1,266 $86,900 $12,500 $74,400
2023 $1,218 $69,400 $10,000 $59,400
2022 $862 $58,600 $8,500 $50,100
2021 $523 $42,900 $7,500 $35,400
2020 $647 $42,500 $7,400 $35,100
2019 $449 $26,300 $7,400 $18,900
2018 $468 $27,800 $7,300 $20,500
2017 $372 $27,800 $7,300 $20,500
2016 $372 $27,800 $7,300 $20,500
2015 $491 $27,800 $7,300 $20,500
2014 $491 $27,800 $7,300 $20,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jason Roggensee

    THE GRANDIN AGENCY

    (540) 243-6940

    1 in this area

    52 Total Sales

    Jason Roggensee
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jacob Price

    EXP REALTY LLC - STAFFORD

    (540) 798-2303

    1 in this area

    28 Total Sales

    Jacob Price
    Section Image
  • Grant Cockrell

    Buyer's Agent in 2021

    Grant Cockrell

    RE/MAX

    (540) 580-8232

    2 in this area

    194 Total Sales

    Grant Cockrell
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 878204

Roanoke Valley Association of REALTORS®

APN: 421-0118

Virginia Roanoke City County Roanoke 24013 Fallon

1508 Wise Ave SE, Roanoke, VA

Not Listed for Sale

Detached

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