NOT LISTED FOR SALE

1516 Millwood Dr Salem, VA 24153

Estimated Value: $323,152 - $362,000

3 Beds
3 Baths
1,484 Sq Ft
$230/Sq Ft Est. Value

Last Sold January 19, 2023

Last sale price $273,000 $184 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,990/month

Highlights

  • Ranch Style House
  • No HOA
  • Forced Air Heating and Cooling System
  • Salem High School Rated A-

About This Home

As of January 2023

LISTED AND SOLD SAME DAY

Last Agent to Sell the Property

Veronica Perkins

KELLER WILLIAMS REALTY ROANOKE License #0225240679 Listed on: 12/06/2022

KELLER WILLIAMS REALTY ROANOKE

Co-Listed By

Daniel Perkins

KELLER WILLIAMS REALTY ROANOKE License #0225254531

Last Buyer's Agent

Veronica Perkins

KELLER WILLIAMS REALTY ROANOKE License #0225240679 Listed on: 12/06/2022

KELLER WILLIAMS REALTY ROANOKE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,262

Year Built

  • Built in 1976

Lot Details

  • 0.37

Parking

  • Tuck Under Garage

Home Design

  • 1,484 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms

Basement

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

Schools

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

Additional Features

  • Laundry on main level
  • 0.37 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Woodbridge Subdivision

Listing and Financial Details

  • Legal Lot and Block 9 / 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,262

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Heating System: Forced Air Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Cooling System: Central Cooling
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1484.00
  • FullBathsFullBathsEntryLvl: 2
  • FullBathsFullBathsLowerLvl: 1
  • Grand Total Attached S Q F T: 1484
  • LaundryLaundryLowerLevel: 1
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Under
  • RatifiedContractDt: 2022-12-06
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 1484
  • TotalBdrm: 3
  • TotalBths: 3.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 1484.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Schools

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

Lot Info

  • Lot Dimensions: 15,943
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.37
  • Lot: 9

Building Info

  • Year Built: 1976

Tax Info

  • Taxes (6 mo): 2262.00
  • FILLTAXID: 205-1-2.17

MLS Schools

  • Elementary School: South Salem
  • HighSchool: Salem High
  • Middle School: Andrew Lewis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2022
Closed on
Jan 6, 2023
Sold by
Robertson James Arthur
Bought by
Fechko George Matthew and Fechko Kalley Elizabeth
Seller's Agent
Veronica Perkins
KELLER WILLIAMS REALTY ROANOKE
Buyer's Agent
Veronica Perkins
KELLER WILLIAMS REALTY ROANOKE
List Price
$260,000
Sold Price
$273,000
Premium/Discount to List
$13,000
5%
Current Estimated Value
$342,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,038
Avg. Annual Appreciation
9.02%
Original Mortgage
$268,055
Outstanding Balance
$259,870
Interest Rate
6.48%
Estimated Equity
$82,168
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
Fechko George Matthew $273,000 First Choice Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fechko George Matthew $268,055
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2023 01/19/23 Sold $273,000 +5.0% $184 / Sq Ft
12/06/2022 12/06/22 Pending -- -- --
12/06/2022 12/06/22 For Sale $260,000 -- $175 / 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 $1,562 $264,800 $53,500 $211,300
2024 $1,483 $247,200 $50,900 $196,300
2023 $2,741 $228,400 $48,400 $180,000
2022 $2,414 $201,200 $43,300 $157,900
2021 $2,262 $188,500 $40,700 $147,800
2020 $2,219 $184,900 $40,700 $144,200
2019 $2,184 $182,000 $40,700 $141,300
2018 $2,099 $177,900 $38,200 $139,700
2017 $2,080 $176,300 $38,200 $138,100
2016 $2,080 $176,300 $38,200 $138,100
2015 $2,070 $175,400 $37,500 $137,900
2014 $2,070 $175,400 $37,500 $137,900
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2023

    Veronica Perkins

    KELLER WILLIAMS REALTY ROANOKE

    (540) 632-0767

    18 in this area

    204 Total Sales

    Veronica Perkins
    Section Image

  • D

    Seller Co-Listing Agent in 2023

    Daniel Perkins

    KELLER WILLIAMS REALTY ROANOKE

    (540) 632-0767

    12 in this area

    115 Total Sales

    Daniel Perkins
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 894709

Roanoke Valley Association of REALTORS®

APN: 205-1-2.17

Virginia Salem City County Salem 24153

1516 Millwood Dr, Salem, VA

This home is located at 1516 Millwood Dr, Salem, VA 24153 since 06 December 2022 and is currently estimated at $342,038, approximately $230 per square foot. This property was built in 1976. 1516 Millwood Dr is a home located in Salem City with nearby schools including South 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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