NOT LISTED FOR SALE

1601 Millbrook St Salem, VA 24153

Salem Area

Estimated Value: $326,897

3.31 Acres
$98,760 Price per Acre
144,184 Sq Ft Lot

Sale Details

Date Sold: September 27, 2024

Last sale price $300,000

Est. 9% increase in value since last sale

Current estimated payment $2,067 / mo

28 Days on Market

Highlights

  • 3.31 Acre Lot
  • No HOA
  • Level Lot

About This Lot

As of September 2024

This 3.312 acre tract has been filled to the street level with Electric Road. Ready for development. All of the engineering documents and approvals are on file. Currently zoned RSF Residential Single Family, the site may well be suited for patio homes or other residential uses. Easy accessibility from north or south on Electric Road. Possible rezoning to attractive office use.

Last Agent to Sell the Property

Henry Scholz

MKB, REALTORS® License #0225055191 Listed on: 08/01/2024

MKB, REALTORS®

Co-Listed By

Scott Avis

MKB, REALTORS® License #0225192398

Last Buyer's Agent

Michael Waldvogel

WALDVOGEL COMMERCIAL PROPERTIES License #0225079460

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,029

Lot Details

  • 3.31 Acre Lot
  • Level Lot
  • Property is zoned RSF

Schools

  • G. W. Carver Elementary School
  • Andrew Lewis Middle School
  • Salem High School

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$3,029

Lot Details

3.31 Acres

Listing Details

  • Type: Land
  • CondoAssocYN: No
  • ElectricDescription: Available
  • Land Sub Type: Residential - Single Family
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

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

Lot Info

  • Property Group Id: 19990816212131825981000000
  • Land Description: Fill, Level
  • Total Acreage: 3.31
  • Land Type: Land (Acreage)
  • ZoningCode: RSF

Tax Info

  • Taxes (6 mo): 3029.00

MLS Schools

  • Elementary School: G. W. Carver
  • HighSchool: Salem High
  • Middle School: Andrew Lewis

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

Listed on
Aug 1, 2024
Closed on
Sep 26, 2024
Sold by
Pace Foundations Llc
Bought by
Seller's Agent
Henry Scholz
MKB, REALTORS®
Buyer's Agent
Michael Waldvogel
WALDVOGEL COMMERCIAL PROPERTIES
List Price
$324,500
Sold Price
$300,000
Premium/Discount to List
-$24,500
-7.55%
Views
1
Current Estimated Value
$326,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,897
Avg. Annual Appreciation
4.53%

Purchase Details

Closed on
Jun 16, 2017
Sold by
Boxley Materials Co
Bought by
Pace Foundations Llc
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

  • Steven Lee Real Estate Agent - RED KEY REALTY INC

    Steven Lee

    RED KEY REALTY INC

    (540) 900-3554

    59 Total Sales

    2 in Salem

    $215K - $320K Price Range

    Steven Lee
     Section Image
  • Pam Smith Real Estate Agent - MKB, REALTORS®

    Pam Smith

    MKB, REALTORS®

    (540) 666-6751

    43 Total Sales

    1 in Salem

    $190,000 Price

    Pam Smith
     Section Image
  • John Smith Real Estate Agent - WEST LAKE REAL ESTATE

    John Smith

    WEST LAKE REAL ESTATE

    (540) 632-4137

    90 Total Sales

    7 in Salem

    $170K - $341K Price Range

    John Smith
     Section Image
  • Charlene Jones Real Estate Agent - Re/Max Lakefront Realty

    Charlene Jones

    Re/Max Lakefront Realty

    (540) 698-4928

    183 Total Sales

    1 in Salem

    $179,000 Price

    Charlene Jones
     Section Image
  • Lisa Frontus Real Estate Agent - REAL BROKER LLC - MCLEAN

    Lisa Frontus

    REAL BROKER LLC - MCLEAN

    (540) 900-0815

    41 Total Sales

    1 in Salem

    $189,000 Price

    Lisa Frontus
     Section Image
  • Chris Reavis Real Estate Agent - MKB, REALTORS®

    Chris Reavis

    MKB, REALTORS®

    (540) 283-5635

    45 Total Sales

    4 in Salem

    $166K - $379K Price Range

    Chris Reavis
     Section Image
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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
$300,000 Virginia Title Center
Pace Foundations Llc $110,000 Fidelity National Title Insu
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $300,000 -7.6% --
08/29/2024 08/29/24 Pending -- -- --
08/01/2024 08/01/24 For Sale $324,500 -- --
Source: Roanoke Valley Association of REALTORS®

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
2026 $3,170 $273,300 $273,300 $0
2025 $1,535 $260,100 $260,100 $0
2024 $1,502 $250,300 $250,300 $0
2023 $1,474 $122,800 $122,800 $0
2022 $1,363 $113,600 $113,600 $0
2021 $1,328 $110,700 $110,700 $0
2020 $1,328 $110,700 $110,700 $0
2019 $1,328 $110,700 $110,700 $0
2018 $930 $78,800 $78,800 $0
2017 $826 $70,000 $70,000 $0
2016 $327 $62,500 $62,500 $0
2015 $411 $34,800 $34,800 $0
2014 $411 $34,800 $34,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Henry Scholz Real Estate Agent - MKB, REALTORS®

    Seller's Agent in 2024

    Henry Scholz

    MKB, REALTORS®

    (540) 353-0100

    35 Total Sales

    Henry Scholz
    Section Image
  • Scott Avis Real Estate Agent - MKB, REALTORS®

    Seller Co-Listing Agent in 2024

    Scott Avis

    MKB, REALTORS®

    (540) 529-1983

    315 Total Sales

    Scott Avis
    Section Image
  • Michael Waldvogel Real Estate Agent - WALDVOGEL COMMERCIAL PROPERTIES

    Buyer's Agent in 2024

    Michael Waldvogel

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 342-0800

    25 Total Sales

    Michael Waldvogel
    Section Image
  • Krista Vannoy Real Estate Agent - WALDVOGEL COMMERCIAL PROPERTIES

    Buyer Co-Listing Agent in 2024

    Krista Vannoy

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 225-2490

    26 Total Sales

    Krista Vannoy
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 909696

Roanoke Valley Association of REALTORS®

APN: 55-1-1

Virginia Salem City County Salem 24153

1601 Millbrook St, Salem, VA

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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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