NOT LISTED FOR SALE

1808 Red Lane Extension Unit EX Salem, VA 24153

Estimated Value: $153,000 - $274,000

3 Beds
1 Bath
1,310 Sq Ft
$162/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $65,000 $50 Per Sq Ft

Est. 243% increase in value since last sale

Current estimated payment $1,295/month

15 Days on Market

Highlights

  • Fireplace in Kitchen
  • Wood Burning Stove
  • No HOA
  • Fort Lewis Elementary School Rated A-
  • Sun or Florida Room
  • Cottage

About This Home

As of July 2018

Wonderful brick and stone cottage, stone fireplace as you enter past the front porch, large kitchen with wood stove, three bedrooms and a sunroom living space in the back. Private setting and one level living with large front yard and multiple storage sheds.

Last Agent to Sell the Property

Austin Lovell

KELLER WILLIAMS REALTY ROANOKE License #0225234077 Listed on: 05/21/2018

KELLER WILLIAMS REALTY ROANOKE

Last Buyer's Agent

Rob Robinson

RE/MAX REAL ESTATE ONE License #0225066830

RE/MAX REAL ESTATE ONE

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $977

Year Built

  • Built in 1935

Lot Details

  • 0.6 Acre Lot
  • Level Lot
  • Garden

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Cottage
  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 1,310 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Stove
  • Fireplace Features Masonry
  • Insulated Doors
  • Living Room with Fireplace
  • Den with Fireplace
  • Sun or Florida Room
  • Storage
  • Crawl Space

Kitchen

  • Electric Range
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

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

Utilities

  • Forced Air Heating System
  • Furnace
  • Heat Pump System
  • Shared Well
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$977

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Masonry Fireplace, Storage, Wood Stove
  • Heating System: Forced Air Oil, Heat Pump Electric, Wood Furnace
  • Fireplace(s): Den, Kitchen, Living Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Clothes Dryer, Clothes Washer, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch, Garden Space, Storage Shed, Sunroom
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 1310.00
  • ExteriorDoors: Insulated
  • Fireplace Number Fireplaces: 1
  • Internet Access: Cable, DSL
  • LaundryLaundryEntryLevel: 1
  • Major Area: 02 - Roanoke County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Cottage
  • Total Above Grd Fin S Q F T: 1310
  • TotalBdrm: 3
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1310.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch

Utilities

  • Sewer Description: PrivSept-permit unav
  • Water Description: Shared Well
  • Water Heater Type: Tank

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.60

Building Info

  • Year Built: 1935

Tax Info

  • Taxes (6 mo): 977.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2018
Closed on
Jul 20, 2018
Sold by
Lester Lester E and Lester Isabell A
Bought by
1808 Red Lane Llc
Seller's Agent
Austin Lovell
KELLER WILLIAMS REALTY ROANOKE
Buyer's Agent
Rob Robinson
RE/MAX REAL ESTATE ONE
List Price
$89,900
Sold Price
$65,000
Premium/Discount to List
-$24,900
-27.7%
Current Estimated Value
$222,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,960
Avg. Annual Appreciation
17.38%
Original Mortgage
$52,000
Outstanding Balance
$45,165
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
$166,938
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
1808 Red Lane Llc $65,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1808 Red Lane Llc $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2018 07/31/18 Sold $65,000 -27.7% $50 / Sq Ft
06/05/2018 06/05/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $89,900 -- $69 / 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 $1,474 $143,100 $34,000 $109,100
2024 $1,419 $136,400 $34,000 $102,400
2023 $1,371 $129,300 $34,000 $95,300
2022 $1,312 $120,400 $34,000 $86,400
2021 $1,267 $116,200 $33,000 $83,200
2020 $1,225 $112,400 $33,000 $79,400
2019 $1,041 $95,500 $34,000 $61,500
2018 $977 $95,200 $36,000 $59,200
2017 $888 $89,600 $36,000 $53,600
2016 $888 $88,900 $36,000 $52,900
2015 $962 $88,300 $36,000 $52,300
2014 $934 $85,700 $34,000 $51,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 848630

Roanoke Valley Association of REALTORS®

APN: 035.04-03-14