$230,000
SOLD APR 25, 2025

1602 Gaines St Salem, VA 24153

3 Beds
2 Baths
1,824 Sq Ft
8,015 Sq Ft Lot

Recently Sold

$126 Per Sq Ft

2% Above List Price

2 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Central Air
  • G.W. Carver Elementary School Rated 9+

About This Home

As of April 2025

Charming 3-bedroom, 2-bathroom ranch-style home situated on a desirable corner lot. This property features a mostly finished basement, offering extra living space or room for customization. The home is highlighted by a newer roof, providing peace of mind and added durability. A great opportunity for those seeking comfort and functionality in a prime location.

Last Agent to Sell the Property

Damon Gettier

REAL BROKER LLC - DGA-SALEM License #0225236055 Listed on: 03/19/2025

Co-Listed By

Veronica Turcios Smith

REAL BROKER LLC - DGA-SALEM License #0225249122

Last Buyer's Agent

Veronica Turcios Smith

REAL BROKER LLC - DGA-SALEM License #0225249122

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,700

Year Built

  • Built in 1965

Parking

  • 4 Open Parking Spaces

Home Design

  • Ranch Style House

Interior Spaces

  • Basement Fills Entire Space Under The House
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,700

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full Basement
  • Major Appliances: Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 912.00
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 912.00
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 912
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1824.00
  • UncoveredNumberSpaces: 4.00
  • 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

Lot Info

  • Lot Dimensions: 8035 sq ft
  • Property Group Id: 19990816212109142258000000

Building Info

  • Year Built: 1965

Tax Info

  • Taxes (6 mo): 1700.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2025
Closed on
Apr 23, 2025
Sold by
Metz Barbara W
Bought by
Gomez Ana Karen
Seller's Agent
Damon Gettier
REAL BROKER LLC - DGA-SALEM
Buyer's Agent
Veronica Turcios Smith
REAL BROKER LLC - DGA-SALEM
List Price
$225,000
Sold Price
$230,000
Premium/Discount to List
$5,000
2.22%
Views
54
Current Estimated Value
$257,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,892
Avg. Annual Appreciation
17.76%
Original Mortgage
$225,834
Outstanding Balance
$224,832
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$33,060
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 Type Sale Price Title Company
Bargain Sale Deed $230,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,834 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2025 04/25/25 Sold $230,000 +2.2% $126 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $225,000 -- $123 / 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 $949 $160,900 $34,700 $126,200
2024 $902 $150,400 $33,200 $117,200
2023 $1,622 $135,200 $30,700 $104,500
2022 $1,496 $124,700 $28,100 $96,600
2021 $1,376 $114,700 $24,500 $90,200
2020 $1,350 $112,500 $24,500 $88,000
2019 $1,297 $108,100 $24,500 $83,600
2018 $1,109 $94,000 $24,500 $69,500
2017 $1,099 $93,100 $24,500 $68,600
2016 $1,099 $93,100 $24,500 $68,600
2015 $1,115 $94,500 $24,000 $70,500
2014 $1,115 $94,500 $24,000 $70,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 915338

Roanoke Valley Association of REALTORS®

APN: 34-2-14