NOT LISTED FOR SALE

2118 Bailey Ave Salem, VA 24153

Estimated Value: $230,000 - $294,000

2 Beds
1 Bath
1,080 Sq Ft
$234/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $235,000 $218 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,461/month

29 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Front Porch
  • Salem High School Rated A-
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Move in ready ranch with large fenced yard in Salem. Updated kitchen, replacement windows and large deck with mountain views. Great location between Roanoke and Salem on a gently sloping lot.

Last Agent to Sell the Property

Jay Kilby

RE/MAX ALL STARS License #0225175819 Listed on: 05/30/2024

RE/MAX ALL STARS

Co-Listed By

Rodney Spickard

RE/MAX ALL STARS License #0225049631

Last Buyer's Agent

Brenda Bratt

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225200886

WAINWRIGHT & CO., REALTORS(r)- LAKE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,835

Year Built

  • Built in 1940

Lot Details

  • 0.45 Acre Lot
  • Gentle Sloping Lot

Home Design

  • Ranch Style House

Interior Spaces

  • 1,080 Sq Ft Home
  • Ceiling Fan
  • Laundry on main level
  • Basement

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Front Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,835

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Forced Air Gas
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Other - See Remarks
  • Major Appliances: Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Deck
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1080.00
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 1080
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2024-06-28
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 1080
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1080.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Association/Amenities

  • Misc Features: Paved Road

Schools

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

Lot Info

  • Lot Description: Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.45

Building Info

  • Year Built: 1940

Tax Info

  • Taxes (6 mo): 1834.80
  • FILLTAXID: 214-4-3

MLS Schools

  • Elementary School: South Salem
  • HighSchool: Salem High
  • Middle School: Andrew Lewis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 10, 2024
Sold by
Grimes Kevin Ray and Grimes Bobbie Joe
Bought by
Green William L and Green Heather
Seller's Agent
Jay Kilby
RE/MAX ALL STARS
Buyer's Agent
Brenda Bratt
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$245,000
Sold Price
$235,000
Premium/Discount to List
-$10,000
-4.08%
Views
84
Current Estimated Value
$252,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,975
Avg. Annual Appreciation
7.00%
Original Mortgage
$223,250
Outstanding Balance
$220,762
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$32,213

Purchase Details

Listed on
Apr 1, 2011
Closed on
Jun 22, 2012
Sold by
Cooley Melvin T and Cooley Leisia B
Bought by
Grimes Kevin Ray and Grimes Bobbie Joe
Seller's Agent
Janie Whitlow
THE REAL ESTATE GROUP
List Price
$115,000
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.09%
Original Mortgage
$112,917
Interest Rate
3.76%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Green William L $235,000 Sage Title
Grimes Kevin Ray $115,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green William L $223,250
Previous Owner Grimes Bobbie Joe $136,000
Previous Owner Grimes Bobbie Joe $110,700
Previous Owner Grimes Kevin Ray $112,917
Previous Owner Cooley Melvin T $23,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $235,000 +1.1% $218 / Sq Ft
06/28/2024 06/28/24 Pending -- -- --
06/26/2024 06/26/24 Price Changed $232,500 -5.1% $215 / Sq Ft
05/30/2024 05/30/24 For Sale $245,000 +113.0% $227 / Sq Ft
06/28/2012 06/28/12 Sold $115,000 0.0% $106 / Sq Ft
05/26/2012 05/26/12 Pending -- -- --
04/01/2011 04/01/11 For Sale $115,000 -- $106 / 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 $1,017 $172,400 $45,200 $127,200
2024 $917 $152,900 $43,500 $109,400
2023 $1,662 $138,500 $41,800 $96,700
2022 $1,514 $126,200 $37,100 $89,100
2021 $1,436 $119,700 $35,400 $84,300
2020 $1,397 $116,400 $35,400 $81,000
2019 $1,326 $110,500 $35,400 $75,100
2018 $1,270 $107,600 $33,600 $74,000
2017 $1,257 $106,500 $33,600 $72,900
2016 $1,169 $99,100 $33,600 $65,500
2015 $1,120 $94,900 $33,400 $61,500
2014 $1,120 $94,900 $33,400 $61,500
Source: Public Records

Agents Affiliated with this Home

  • Jay Kilby

    Seller's Agent in 2024

    Jay Kilby

    RE/MAX

    (540) 966-6089

    7 in this area

    340 Total Sales

    Jay Kilby
    Section Image
  • Rodney Spickard

    Seller Co-Listing Agent in 2024

    Rodney Spickard

    RE/MAX

    (540) 793-1341

    1 in this area

    187 Total Sales

    Rodney Spickard
    Section Image
  • Brenda Bratt

    Buyer's Agent in 2024

    Brenda Bratt

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 493-9544

    2 in this area

    289 Total Sales

    Brenda Bratt
    Section Image

  • J

    Seller's Agent in 2012

    Janie Whitlow

    THE REAL ESTATE GROUP

    (540) 353-2461

    28 in this area

    77 Total Sales

    Janie Whitlow
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 908050

Roanoke Valley Association of REALTORS®

APN: 214-4-3

Virginia Salem City County Salem 24153

2118 Bailey Ave, Salem, VA

This home is located at 2118 Bailey Ave, Salem, VA 24153 since 30 May 2024 and is currently estimated at $252,975, approximately $234 per square foot. This property was built in 1940. 2118 Bailey Ave is a home located in Salem City with nearby schools including South 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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