NOT LISTED FOR SALE

1541 Penley Blvd Salem, VA 24153

Estimated Value: $317,000 - $354,000

4 Beds
2 Baths
1,896 Sq Ft
$177/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $319,950 $169 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,941/month

19 Days on Market

Highlights

  • Mountain View
  • Deck
  • Fenced Yard
  • Salem High School Rated A-
  • No HOA
  • Storage

About This Home

As of March 2024

Welcome home! This attractive property is nestled in the highly sought-after South Salem Elementary School district. Walkyour kids just 1/4 mile to Salem's most recently renovated elementary school. Enjoy a large back yard, providing a perfect space for outdoor activities and endless fun. Get ready to entertain on your back deck, where you may host gatherings with family and friends. With four bedrooms and two bathrooms, there's ample space for everyone to unwind and recharge. Looking for extra space for recreation and relaxation? The family room on the lower level could be transformed into an office, a playroom, or even a peaceful reading nook - the possibilities are endless. No HOA dues or subdivision restrictions, which is a big plus!

Last Agent to Sell the Property

Brad Graham

MKB, REALTORS(r) License #0225127202 Listed on: 01/17/2024

MKB, REALTORS(r)

Co-Listed By

Emmy Graham

MKB, REALTORS(r) License #0225266673

Last Buyer's Agent

Leah Hedrick

MKB, REALTORS(r) License #0225223483

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,761

Year Built

  • Built in 1962

Lot Details

  • 0.59 Acre Lot
  • Fenced Yard
  • Cleared Lot
  • Garden

Home Design

  • Split Foyer
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Storage
  • Mountain Views
  • Storm Doors

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

  • 4 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Baseboard Heating
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,761

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Storage
  • Heating System: Baseboard Gas, Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Deck, Fenced Yard, Garden Space, Paved Driveway
  • Views: Mountain
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBRLowerLevel: 1
  • BedroomsBRUpperLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 28.00
  • ExteriorDoors: Insulated Storm
  • FullBathsFullBathsLowerLvl: 1
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 2174
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: XFinity
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 718.00
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBRUpperLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2024-02-05
  • Residential Type: Detached
  • Style Of House: Split-Foyer
  • Total Above Grd Fin S Q F T: 1178
  • TotalBdrm: 4
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1896.00
  • TotalUnfin Sq Ft: 278.00
  • UncoveredNumberSpaces: 4.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 278.00
  • UpperAboveGrdFin Sq Ft: 1150.00
  • Water Class: N/A
  • Water Htr Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Schools

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

Lot Info

  • Lot Description: Cleared
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.59

Building Info

  • Year Built: 1962

Tax Info

  • Taxes (6 mo): 2761.00
  • FILLTAXID: 205-2-2

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
Jan 17, 2024
Closed on
Mar 6, 2024
Sold by
Brown Cody Allen and Mattison Nicole
Bought by
Merritt Stephen Robert and Merritt Sharon Michell
Seller's Agent
Brad Graham
MKB, REALTORS(r)
Buyer's Agent
Leah Hedrick
MKB, REALTORS(r)
List Price
$319,950
Sold Price
$319,950
Views
254
Current Estimated Value
$335,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,325
Avg. Annual Appreciation
-2.00%
Original Mortgage
$314,153
Outstanding Balance
$309,586
Interest Rate
6.69%
Mortgage Type
FHA
Estimated Equity
$1,046

Purchase Details

Closed on
Feb 28, 2022
Sold by
Brown Jr William E and Brown Jennifer
Bought by
Brown Cody Allen and Brown Mattison Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.55%
Mortgage Type
New Conventional
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
Merritt Stephen Robert $319,950 Performance Title
Brown Cody Allen $225,000 Virginia Title Center
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merritt Stephen Robert $314,153
Previous Owner Brown Cody Allen $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Sold $319,950 0.0% $169 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $319,950 -- $169 / 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 $1,381 $230,100 $46,400 $183,700
2023 $2,629 $219,100 $43,300 $175,800
2022 $2,018 $168,200 $37,100 $131,100
2021 $1,846 $153,800 $33,400 $120,400
2020 $1,804 $150,300 $33,400 $116,900
2019 $1,759 $146,600 $33,400 $113,200
2018 $1,691 $143,300 $33,400 $109,900
2017 $1,677 $142,100 $33,400 $108,700
2016 $1,676 $142,000 $33,400 $108,600
2015 $1,666 $141,200 $33,600 $107,600
2014 $1,666 $141,200 $33,600 $107,600
Source: Public Records

Agents Affiliated with this Home

  • Brad Graham

    Seller's Agent in 2024

    Brad Graham

    MKB, REALTORS(r)

    (540) 989-4555

    31 in this area

    52 Total Sales

    Brad Graham
    Section Image
  • Emmy Graham

    Seller Co-Listing Agent in 2024

    Emmy Graham

    MKB, REALTORS(r)

    (540) 989-4555

    10 in this area

    14 Total Sales

    Emmy Graham
    Section Image
  • Leah Hedrick

    Buyer's Agent in 2024

    Leah Hedrick

    MKB, REALTORS(r)

    (540) 797-2174

    13 in this area

    157 Total Sales

    Leah Hedrick
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 904378

Roanoke Valley Association of REALTORS®

APN: 205-2-2

Virginia Salem City County Salem 24153

1541 Penley Blvd, Salem, VA

This home is located at 1541 Penley Blvd, Salem, VA 24153 since 17 January 2024 and is currently estimated at $335,275, approximately $176 per square foot. This property was built in 1962. 1541 Penley Blvd 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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