NOT LISTED FOR SALE

1701 Midland Rd Salem, VA 24153

Estimated Value: $4,590,734

-- Bed
6 Baths
56,400 Sq Ft
$81/Sq Ft Est. Value

About This Home

This home is located at 1701 Midland Rd, Salem, VA 24153 and is currently estimated at $4,590,734, approximately $81 per square foot. 1701 Midland Rd is a home located in Salem City with nearby schools including East Salem Elementary School, Andrew Lewis Middle School, and Salem High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2018
Sold by
Metts Investments Llc
Bought by
Palmer Llc
Current Estimated Value
$4,590,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Outstanding Balance
$1,902,186
Interest Rate
3.92%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$2,688,548
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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 Buyer Sale Price Title Company
Palmer Llc $2,650,000 Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmer Llc $2,250,000
Previous Owner Metts Investments Llc $86,000
Source: Public Records

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 $17,243 $2,922,600 $552,900 $2,369,700
2024 $16,216 $2,702,700 $510,700 $2,192,000
2023 $30,030 $2,502,500 $468,400 $2,034,100
2022 $27,818 $2,318,200 $425,000 $1,893,200
2021 $25,619 $2,134,900 $401,000 $1,733,900
2020 $23,707 $1,975,600 $401,000 $1,574,600
2019 $21,796 $1,816,300 $401,000 $1,415,300
2018 $20,515 $1,738,600 $401,000 $1,337,600
2017 $20,095 $1,703,000 $365,400 $1,337,600
2016 $20,095 $1,703,000 $365,400 $1,337,600
2015 $20,095 $1,703,000 $365,400 $1,337,600
2014 $20,095 $1,703,000 $365,400 $1,337,600
Source: Public Records

Map

Virginia Salem City County Salem 24153

1701 Midland Rd, Salem, VA

This home is located at 1701 Midland Rd, Salem, VA 24153 and is currently estimated at $4,590,734, approximately $81 per square foot. 1701 Midland Rd is a home located in Salem City with nearby schools including East Salem Elementary School, Andrew Lewis Middle School, and Salem High School.

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