NOT LISTED FOR SALE

178 Forest Dr Salem, VA 24153

Estimated Value: $395,000 - $523,000

3 Beds
3 Baths
2,280 Sq Ft
$196/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $309,000 $136 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,594/month

45 Days on Market

Highlights

  • Great Room with Fireplace
  • Ranch Style House
  • Front Porch
  • Salem High School Rated A-
  • No HOA
  • 3 Car Attached Garage

About This Home

As of January 2023

All brick one level living, split bedroom design with a finished bonus walk up attic featuring a cozy retreat with a third full bathroom and easy access to storage. All entry level bedrooms have spacious walk-in closets, master bedroom has two. New carpet in front guest bedroom and new countertops in the guest bathroom. Picturesque cul de sac street, super convenient to Lewis Gale Hospital, Downtown Salem, I-81, Electric Road and greenway entry points. Private backyard with level area that could be fenced.

Last Agent to Sell the Property

Wendy Gilbert

RE/MAX ALL POINTS License #0225157764 Listed on: 10/07/2022

RE/MAX ALL POINTS

Last Buyer's Agent

Murray Joiner

NEST REALTY ROANOKE License #0225250795

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,383

Year Built

  • Built in 1993

Lot Details

  • 0.54 Acre Lot
  • Lot Sloped Up

Parking

  • 3 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2,280 Sq Ft Home
  • Ceiling Fan
  • Fireplace Features Masonry
  • Great Room with Fireplace
  • Laundry on main level

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Patio
  • Front Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Water Heater

Community Details

  • No Home Owners Association
  • Hidden Valley Forest Subdivision

Listing and Financial Details

  • Legal Lot and Block 11 / 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,383

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Masonry Fireplace, Other - See Remarks
  • Heating System: Forced Air Gas
  • Fireplace(s): Great Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Slab
  • Major Appliances: Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Patio, Paved Driveway
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1900.00
  • FullBathsFullBathsEntryLvl: 2
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 2280
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryOtherLevel: 1
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • NumberPrimCovSpaces: 3.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2022-11-21
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubagentAuthorized: Yes
  • Total Above Grd Fin S Q F T: 2280
  • TotalBdrm: 3
  • TotalBths: 3.00
  • TotalCovdPrkSpc: 3.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 2280.00
  • UpperAboveGrdFin Sq Ft: 380.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch

Utilities

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

Association/Amenities

  • Misc Features: Underground Util

Schools

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

Lot Info

  • Lot Description: Up Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.54
  • Lot: 11

Building Info

  • Year Built: 1993

Tax Info

  • Taxes (6 mo): 3382.80
  • FILLTAXID: 287-1-21

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
Oct 7, 2022
Closed on
Dec 29, 2022
Sold by
Parker Jackie and Parker Betty J
Bought by
Phillips Mary Kathrine
Seller's Agent
Wendy Gilbert
RE/MAX ALL POINTS
Buyer's Agent
Murray Joiner
NEST REALTY ROANOKE
List Price
$349,500
Sold Price
$309,000
Premium/Discount to List
-$40,500
-11.59%
Current Estimated Value
$447,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,760
Avg. Annual Appreciation
15.02%
Original Mortgage
$293,550
Outstanding Balance
$283,151
Interest Rate
5.65%
Mortgage Type
New Conventional
Estimated Equity
$164,609

Purchase Details

Closed on
May 1, 2009
Sold by
Groton Thomas Ray and Groton Jane Lucado
Bought by
Parker Jackie and Parker Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,200
Interest Rate
4.86%
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
Phillips Mary Kathrine $309,000 --
Parker Jackie $265,000 Lawyets Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Mary Kathrine $293,550
Previous Owner Parker Jackie $260,200
Previous Owner Groton Thomas Ray $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2023 01/03/23 Sold $309,000 -11.6% $136 / Sq Ft
11/21/2022 11/21/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $349,500 -- $153 / 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 $1,902 $322,300 $71,900 $250,400
2024 $1,919 $319,900 $69,700 $250,200
2023 $3,552 $296,000 $66,000 $230,000
2022 $3,383 $281,900 $61,600 $220,300
2021 $3,304 $275,300 $58,700 $216,600
2020 $3,256 $271,300 $58,700 $212,600
2019 $3,203 $266,900 $58,700 $208,200
2018 $3,126 $264,900 $58,700 $206,200
2017 $3,185 $269,900 $58,700 $211,200
2016 $3,185 $269,900 $58,700 $211,200
2015 $2,975 $252,100 $60,000 $192,100
2014 $2,975 $252,100 $60,000 $192,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 893568

Roanoke Valley Association of REALTORS®

APN: 287-1-21