NOT LISTED FOR SALE

1647 Margaret Ln Salem, VA 24153

Estimated Value: $241,506 - $302,000

2 Beds
1 Bath
1,178 Sq Ft
$220/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $140,000 $119 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $1,506/month

23 Days on Market

Highlights

  • 0.62 Acre Lot
  • Ranch Style House
  • 2 Car Attached Garage
  • Salem High School Rated A-
  • No HOA
  • Garden

About This Home

As of July 2019

This is a great opportunity for someone. Home is being sold strictly ''as-is''. Seller will do no repairs. All appliances in property pass in ''as-is'' condition.

Last Buyer's Agent

Janie Whitlow

THE REAL ESTATE GROUP License #0225044674

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $1,401

Year Built

  • Built in 1962

Lot Details

  • 0.62 Acre Lot
  • Level Lot
  • Garden

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,178 Sq Ft Home
  • Bookcases
  • Ceiling Fan
  • Living Room with Fireplace
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$1,401

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Interior Features: Book Shelves, Ceiling Fan
  • Heating System: Heat Pump Electric
  • Fireplace(s): Living Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full Basement
  • Major Appliances: Dishwasher, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Garden Space
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 1178.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 2356
  • LaundryLaundryLowerLevel: 1
  • Major Area: 03 - City of Salem
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2019-06-20
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubdivisionMap: Cliff View
  • Total Above Grd Fin S Q F T: 1178
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1178.00
  • TotalUnfin Sq Ft: 1178.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 1178.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Association/Amenities

  • Misc Features: Cable TV

Schools

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

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.62
  • Lot: 7

Building Info

  • Year Built: 1962

Tax Info

  • Taxes (6 mo): 1401.00
  • FILLTAXID: 258-2-7

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Jul 16, 2019
Sold by
Marshall Janice S
Bought by
Whitlow James M and Whitlow Janie F
Buyer's Agent
Janie Whitlow
THE REAL ESTATE GROUP
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Current Estimated Value
$259,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,377
Avg. Annual Appreciation
10.75%
Original Mortgage
$112,000
Outstanding Balance
$99,128
Interest Rate
3.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$160,249
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
Whitlow James M $140,000 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitlow James M $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $140,000 -6.7% $119 / Sq Ft
06/20/2019 06/20/19 Pending -- -- --
05/28/2019 05/28/19 For Sale $150,000 -- $127 / 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 $1,026 $171,000 $42,900 $128,100
2023 $1,693 $141,100 $40,000 $101,100
2022 $1,585 $132,100 $36,000 $96,100
2021 $1,513 $126,100 $34,900 $91,200
2020 $1,483 $123,600 $34,900 $88,700
2019 $1,424 $118,700 $34,900 $83,800
2018 $1,352 $114,600 $34,900 $79,700
2017 $1,339 $113,500 $34,900 $78,600
2016 $1,339 $113,500 $34,900 $78,600
2015 $1,325 $112,300 $35,500 $76,800
2014 $1,325 $112,300 $35,500 $76,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Buyer's Agent in 2019

    Janie Whitlow

    THE REAL ESTATE GROUP

    (540) 375-9000

    28 in this area

    80 Total Sales

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 859627

Roanoke Valley Association of REALTORS®

APN: 258-2-7

Virginia Salem City County Salem 24153

1647 Margaret Ln, Salem, VA

This home is located at 1647 Margaret Ln, Salem, VA 24153 since 28 May 2019 and is currently estimated at $259,377, approximately $220 per square foot. This property was built in 1962. 1647 Margaret Ln is a home located in Salem City with nearby schools including East 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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