NOT LISTED FOR SALE

1718 Pomeroy Rd Salem, VA 24153

Estimated Value: $282,630 - $312,000

4 Beds
2 Baths
3,200 Sq Ft
$93/Sq Ft Est. Value

Last Sold April 15, 2016

Last sale price $164,950 $52 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $1,727/month

3 Days on Market

About This Home

As of April 2016

Great investment property! One side long term tenant other side tenant leaving and available for rental or owner occupied. One side replacement windows, one side deck off kitchen. New HVAC units and new 150 amp services for each side. Large master bedroom on both sides. Additional 500 sq. ft. per side unfinished basement with outdoor access on both sides. (Room for expansion.)Sold ''as-is''

Last Agent to Sell the Property

Tim Thompson

MKB, REALTORS(r) License #0225056345 Listed on: 03/08/2016

MKB, REALTORS(r)

Last Buyer's Agent

Tim Thompson

MKB, REALTORS(r) License #0225056345 Listed on: 03/08/2016

MKB, REALTORS(r)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,753

Year Built

  • Built in 1968

Lot Details

  • 0.43

Parking

  • 4 Parking Spaces

Home Design

  • 3,200 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Basement

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

Schools

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

Additional Features

  • 0.43 Acre Lot
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance
  • Month-to-Month Lease Term
  • Legal Lot and Block 16 / 2

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Hillview Park Subdivision

Building Details

  • Insurance Expense $1,079
  • Water Sewer Expense $1,800
  • New Taxes Expense $1,753
  • Operating Expense $4,632
  • Gross Income $16,200
  • Net Operating Income $11,568

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,753

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Walkout - Full
  • Cooling System: Heat Pump Electric
  • ExpensesTaxExp: 1753.00
  • Major Area: 03 - City of Salem
  • MiscellaneousInfoPublicTransport: Yes
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2016-03-11
  • TotalAnnualExpen: 4632.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 1800.00
  • Water Description: Public Water

Schools

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.43
  • Lot: 16
  • Present Use: Built-As

Building Info

  • Year Built: 1968

Tax Info

  • Taxes (6 mo): 1753.00
  • FILLTAXID: 154-1-13

Multi Family

  • Lease Type: Month-to-Month, One Year
  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance
  • Units In Building: 2.00
  • Multi Family Type: Duplex

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
Mar 8, 2016
Closed on
Apr 11, 2016
Sold by
Short Michael K and Short Marymay R
Bought by
Jennings Samuel R
Seller's Agent
Tim Thompson
MKB, REALTORS(r)
Buyer's Agent
Tim Thompson
MKB, REALTORS(r)
List Price
$164,950
Sold Price
$164,950
Current Estimated Value
$299,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,208
Avg. Annual Appreciation
6.53%
Original Mortgage
$131,960
Outstanding Balance
$104,981
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$194,177

Purchase Details

Closed on
Jul 15, 2009
Sold by
Hyde Christopher G
Bought by
Short Michael K and Short Marymay R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,052
Interest Rate
5.58%
Mortgage Type
FHA
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
Jennings Samuel R $164,950 None Available
Short Michael K $159,950 Acquistition Title & Settlem
Short Michael K $159,950 Acquisition Title & Settleme
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jennings Samuel R $34,000
Open Jennings Samuel R $131,960
Previous Owner Short Michael K $157,052
Previous Owner Hyde Christopher G $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2016 04/15/16 Sold $164,950 0.0% $52 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $164,950 -- $52 / 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 $1,306 $221,300 $45,400 $175,900
2024 $1,282 $213,700 $43,700 $170,000
2023 $2,081 $173,400 $41,000 $132,400
2022 $1,974 $164,500 $35,500 $129,000
2021 $1,921 $160,100 $33,400 $126,700
2020 $1,840 $153,300 $33,400 $119,900
2019 $1,795 $149,600 $33,400 $116,200
2018 $1,756 $148,800 $33,400 $115,400
2017 $1,756 $148,800 $33,400 $115,400
2016 $1,753 $148,600 $33,400 $115,200
2015 $1,704 $144,400 $27,500 $116,900
2014 $1,704 $144,400 $27,500 $116,900
Source: Public Records

Agents Affiliated with this Home

  • Tim Thompson

    Seller's Agent in 2016

    Tim Thompson

    MKB, REALTORS(r)

    (540) 353-7073

    7 in this area

    145 Total Sales

    Tim Thompson
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 823664

Roanoke Valley Association of REALTORS®

APN: 154-1-13

Virginia Salem City County Salem 24153

1718 Pomeroy Rd, Salem, VA

This home is located at 1718 Pomeroy Rd, Salem, VA 24153 since 08 March 2016 and is currently estimated at $299,158, approximately $93 per square foot. This property was built in 1968. 1718 Pomeroy Rd 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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