NOT LISTED FOR SALE

1601 Electric Rd Salem, VA 24153

Salem Area

Estimated Value: $1,399,523

Studio
2 Baths
1,224 Sq Ft
$1,143/Sq Ft Est. Value

About This Home

This home is located at 1601 Electric Rd, Salem, VA 24153 and is currently estimated at $1,399,523, approximately $1,143 per square foot. 1601 Electric Rd is a home located in Salem City with nearby schools including East Salem Elementary School, Andrew Lewis Middle School, and Salem High School.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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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

Closed on
Mar 30, 2017
Sold by
Bought by
Current Estimated Value
$1,399,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 29, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 19, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
4.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.54%
Mortgage Type
Credit Line Revolving
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

  • Judy Hillman Real Estate Agent - LONG & FOSTER - ROANOKE OFFICE

    Judy Hillman

    LONG & FOSTER - ROANOKE OFFICE

    (540) 900-2923

    116 Total Sales

    3 in Salem

    $235K - $330K Price Range

    Judy Hillman
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  • Stephanie Varney Real Estate Agent - VARNEY REALTY PARTNERS

    Stephanie Varney

    VARNEY REALTY PARTNERS

    (540) 613-5683

    97 Total Sales

    6 in Salem

    $46K - $235K Price Range

    Stephanie Varney
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  • Jarrod Hines Real Estate Agent - REAL BROKER LLC - MCLEAN

    Jarrod Hines

    REAL BROKER LLC - MCLEAN

    (540) 831-3727

    107 Total Sales

    3 in Salem

    $160K - $333K Price Range

    Jarrod Hines
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  • Tim Thompson Real Estate Agent - MKB, Roanoke

    Tim Thompson

    Responds Quickly

    MKB, Roanoke

    (540) 900-3294

    126 Total Sales

    9 in Salem

    $163K - $503K Price Range

    Tim Thompson
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  • Brenda Bratt Real Estate Agent - WAINWRIGHT & CO., REALTORS(r)- LAKE

    Brenda Bratt

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 590-5011

    228 Total Sales

    3 in Salem

    $220K - $495K Price Range

    Brenda Bratt
     Section Image
  • Tammy Shepherd Real Estate Agent - SHEPHERD REALTY GROUP

    Tammy Shepherd

    SHEPHERD REALTY GROUP

    (540) 666-6265

    255 Total Sales

    9 in Salem

    $150K - $572K Price Range

    Tammy Shepherd
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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 Buyer Sale Price Title Company
$750,000 First American Title Insuran
$195,500 First American Title Insuran
-- Fidelity National Title Ins
$115,000 None Available
-- None Available
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 Borrower Loan Amount
Open $375,000
Closed $450,000
Previous Owner $172,000
Previous Owner $52,000
Previous Owner $100,000
Previous Owner $350,000
Source: Public Records

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 $2,197 $372,400 $165,300 $207,100
2024 $2,176 $362,700 $161,900 $200,800
2023 $4,592 $382,700 $146,100 $236,600
2022 $4,242 $353,500 $136,900 $216,600
2021 $3,652 $304,300 $132,900 $171,400
2020 $3,652 $304,300 $132,900 $171,400
2019 $3,644 $303,700 $132,300 $171,400
2018 $3,584 $303,700 $132,300 $171,400
2017 $3,029 $256,700 $126,000 $130,700
2016 $2,307 $195,500 $126,000 $69,500
2015 $2,307 $195,500 $126,000 $69,500
2014 $2,307 $195,500 $126,000 $69,500
Source: Public Records

Map

Virginia Salem City County Salem 24153

1601 Electric Rd, Salem, VA

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