NOT LISTED FOR SALE

1700 Electric Rd Salem, VA 24153

3.58 Acres
-- Price per Acre
155,945 Sq Ft Lot

Last Sold December 23, 2013

Last sale price $110,000

266 Days on Market

About This Lot

As of December 2013

Commercial development potential. Tract A-1. 3.581 ac per survey. Traffic count 24,000 Annual average Daily per VDOT. 331.22 feet frontage on 419. (1600 & 1700 Electric Rd. total 571 feet frontage on 419 per surveyor. Total 4.506 acres per survey.)

Last Agent to Sell the Property

Dinah Moser

LONG & FOSTER - ROANOKE OFFICE License #0225003553 Listed on: 11/30/2012

LONG & FOSTER - ROANOKE  OFFICE

Last Buyer's Agent

Bob Saunders

BARKER REALTY CO License #0225082522

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,900

Lot Details

  • 3.58 Acre Lot

Schools

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot A-1 3, 581A

Property Details

Property Type

Land

Est. Annual Taxes

$1,900

Lot Details

3.58 Acres

Listing Details

  • Type: Land
  • ElectricDescription: Above Ground
  • Land Sub Type: Commercial Land
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • SubdivisionMap: Cliff View
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Gas Description: Natural Gas
  • Sewer Description: Public Sewer
  • Water Description: Public Water

Lot Info

  • Property Group Id: 19990816212131825981000000
  • Total Acreage: 3.58
  • Lot: A-1 3, 581A
  • Land Type: Land (Acreage)

Tax Info

  • Taxes (6 mo): 1900.00

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
Nov 30, 2012
Closed on
Dec 6, 2013
Sold by
Fralin Mary Jane and Estate Of Gordon Wayne Fralin
Bought by
City Of Salem Virginia
Seller's Agent
Dinah Moser
LONG & FOSTER - ROANOKE OFFICE
Buyer's Agent
Bob Saunders
BARKER REALTY CO
List Price
$395,000
Sold Price
$110,000
Premium/Discount to List
-$285,000
-72.15%
Source: Public Records
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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
City Of Salem Virginia $20,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2013 12/23/13 Sold $110,000 -72.2% --
08/23/2013 08/23/13 Pending -- -- --
11/30/2012 11/30/12 For Sale $395,000 -- --
Source: Roanoke Valley Association of REALTORS®

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 -- $28,600 $28,600 $0
2024 -- $28,600 $28,600 $0
2023 $343 $28,600 $28,600 $0
2022 $300 $25,000 $25,000 $0
2021 $169 $25,000 $25,000 $0
2020 $295 $25,000 $25,000 $0
2019 $295 $25,000 $25,000 $0
2018 $295 $25,000 $25,000 $0
2017 $169 $14,300 $14,300 $0
2016 $169 $14,300 $14,300 $0
2015 $169 $14,300 $14,300 $0
2014 $169 $14,300 $14,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 787476

Roanoke Valley Association of REALTORS®

APN: 258-4-2

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