$286,000
SOLD DEC 11, 2020

1698 Red Lane Extension Salem, VA 24153

4 Beds
3.5 Baths
2,271 Sq Ft
0.98 Acres

Recently Sold

$126 Per Sq Ft

133 Days on Market

Highlights

  • Colonial Architecture
  • Mountain View
  • No HOA
  • Fort Lewis Elementary School Rated A-
  • Deck
  • Breakfast Area or Nook

About This Home

As of April 2024

Three story home with 4 bedrooms, 3 and a half baths. First floor perfect for in-law suite, college student or teenage space. Second floor offers open kitchen w/stainless steel KitchenAid appliances, recessed lighting, pantry, breakfast nook, separate dining room, half bath & large living room w/deck access, perfect for entertaining. Third floor master suite has a walk-in closet & large bathroom. Third floor laundry and two additional bedrooms with large closets & full hall bathroom. Just minutes from Hanging Rock Golf course, 5 mins to downtown Salem, off of Exit 140, Roanoke Co Schools. Sellers have loved this home but are relocating out of state.

Last Agent to Sell the Property

Tammy Parrish

MKB, REALTORS(r) License #0225157354 Listed on: 06/29/2020

MKB, REALTORS(r)

Last Buyer's Agent

Sheila States

WAINWRIGHT & CO., REALTORS(r) License #0225082999

WAINWRIGHT & CO.,  REALTORS(r)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,395

Year Built

  • Built in 2017

Lot Details

  • 0.98 Acre Lot
  • Gentle Sloping Lot

Home Design

  • Colonial Architecture

Interior Spaces

  • 2,271 Sq Ft Home
  • Ceiling Fan
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 1 Parking Space
  • Tuck Under Garage

Outdoor Features

  • Deck

Schools

  • Fort Lewis Elementary School
  • Glenvar Middle School
  • Glenvar High School

Utilities

  • Heat Pump System
  • Underground Utilities

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,395

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Interior Features: Breakfast Area, Ceiling Fan, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Type: A
  • 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: Heat Pump Electric
  • Outside Features: Deck, Paved Driveway
  • Views: Mountain
  • BedroomsBREntryLevel: 1
  • BedroomsBROtherLevel: 3
  • EntryAboveGrdFin Sq Ft: 523.00
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsOtherLvl: 2
  • Grand Total Attached S Q F T: 2271
  • HalfBathsHalfBathsUpperLvl: 1
  • LaundryLaundryUpperLevel: 1
  • Major Area: 02 - Roanoke County
  • MasterBedroomsMasterBREntryLvl: 1
  • MasterBedroomsMasterBROtherLvl: 1
  • NumberPrimCovSpaces: 1.00
  • OtherAboveGrdFin Sq Ft: 874.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Under
  • RatifiedContractDt: 2020-11-09
  • Residential Type: Detached
  • Style Of House: Colonial
  • SubagentAuthorized: No
  • SubdivisionMap: Carol Estates
  • Total Above Grd Fin S Q F T: 2271
  • TotalBdrm: 4
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 2271.00
  • TotalHBaths: 1
  • UpperAboveGrdFin Sq Ft: 874.00
  • 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

Association/Amenities

  • Misc Features: In-Law Quarters, Underground Util

Schools

  • Elementary School: Fort Lewis
  • Middle School: Glenvar
  • High School: Glenvar

Lot Info

  • Lot Description: Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.98
  • Lot: 4

Building Info

  • Year Built: 2017

Tax Info

  • Taxes (6 mo): 2395.00
  • FILLTAXID: 035.01-07.00-0000

MLS Schools

  • Elementary School: Fort Lewis
  • HighSchool: Glenvar
  • Middle School: Glenvar

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
Apr 18, 2024
Sold by
France Erin Leigh
Bought by
Leitch Jill N
Seller's Agent
Sheila States
WAINWRIGHT & CO., REALTORS(r)
Buyer's Agent
Will Long
WAINWRIGHT & CO., REALTORS(r)
List Price
$389,500
Sold Price
$389,500
Views
50
Current Estimated Value
$412,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,371
Avg. Annual Appreciation
4.50%
Original Mortgage
$292,125
Outstanding Balance
$289,349
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$123,107

Purchase Details

Listed on
Jun 29, 2020
Closed on
Dec 4, 2020
Sold by
Taylor Jonatahn Scott and Taylor Velvet
Bought by
France Erin Leigh
Seller's Agent
Tammy Parrish
MKB, REALTORS(r)
Buyer's Agent
Sheila States
WAINWRIGHT & CO., REALTORS(r)
List Price
$285,000
Sold Price
$286,000
Premium/Discount to List
$1,000
0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.66%
Original Mortgage
$256,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 26, 2017
Closed on
Jul 28, 2017
Sold by
R Fralin Construction Inc
Bought by
Taylor Jonathan Scott and Bowling Velvet
Seller's Agent
Thomas Fellers
MKB, REALTORS(r)
Buyer's Agent
Monica Nicely
KELLER WILLIAMS REALTY ROANOKE
List Price
$194,950
Sold Price
$213,450
Premium/Discount to List
$18,500
9.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%
Original Mortgage
$209,583
Interest Rate
4.12%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Deed $389,500 Performance Title
Deed $286,000 Colonial Ttl & Setmnt Agcy L
Deed $213,450 Acquisition Title & Settleme
Deed $35,000 Acquisition Title & Settleme
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $292,125 New Conventional
Previous Owner $90,000 Credit Line Revolving
Previous Owner $256,000 New Conventional
Previous Owner $209,583 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2024 04/18/24 Sold $389,500 0.0% $172 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $389,500 +36.2% $172 / Sq Ft
12/11/2020 12/11/20 Sold $286,000 +0.4% $126 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $285,000 +33.5% $125 / Sq Ft
07/28/2017 07/28/17 Sold $213,450 +9.5% $123 / Sq Ft
06/13/2017 06/13/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $194,950 -- $113 / 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 $3,071 $295,300 $48,000 $247,300
2023 $2,914 $274,900 $46,000 $228,900
2022 $2,858 $262,200 $46,000 $216,200
2021 $2,555 $234,400 $41,000 $193,400
2020 $2,395 $219,700 $37,000 $182,700
2019 $2,318 $212,700 $40,000 $172,700
2018 $2,204 $208,700 $40,000 $168,700
2017 $1,999 $183,400 $40,000 $143,400
2016 $362 $33,200 $33,200 $0
2015 -- $32,300 $32,300 $0
2014 $352 $32,300 $32,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 870788

Roanoke Valley Association of REALTORS®

APN: 035.04-07-17