NOT LISTED FOR SALE

2304 Wood Gate Ln Salem, VA 24153

Estimated Value: $161,000 - $290,000

1 Bed
1 Bath
798 Sq Ft
$254/Sq Ft Est. Value

Last Sold May 02, 2018

Last sale price $82,700 $104 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $1,142/month

About This Home

As of May 2018

Well maintained one bedroom ground level condo in a desirable Salem location. Only one previous owner. Patio has been enclosed with glass.

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $976

Year Built

  • Built in 1983

Lot Details

  • 1.61

HOA Fees

  • $129 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Hardboard

Interior Spaces

  • 798 Sq Ft Home
  • Living Room with Fireplace
  • Laundry on main level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 2 Open Parking Spaces
  • Assigned Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Ridgewood Farm Subdivision

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$976

Year Built

Built in 1983

Lot Details

0

HOA Fees

$129 per month

Listing Details

  • Heating System: Forced Air Electric
  • Fireplace(s): Living Room
  • Type: Residential
  • Property Subtype 1: Condominium
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 798.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 798
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • POACondoDues: 129.00
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2018-02-27
  • Residential Type: Attached
  • SubdivisionMap: Ridgewood
  • Total Above Grd Fin S Q F T: 798
  • TotalBdrm: 1
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 798.00
  • UncoveredNumberSpaces: 2.00
  • Uncovered Parking: Designated Spaces
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

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

Schools

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

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Phase: 1

Building Info

  • Year Built: 1983

Tax Info

  • Taxes (6 mo): 976.00
  • FILLTAXID: 285-5-1-2304

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
Feb 27, 2018
Closed on
May 2, 2018
Sold by
Scarborough Katherine E
Bought by
Bain James T and Bain Caroline M
List Price
$82,700
Sold Price
$82,700
Current Estimated Value
$174,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,167
Avg. Annual Appreciation
13.09%
Original Mortgage
$57,700
Outstanding Balance
$50,264
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$152,486
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
Bain James T $82,700 Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bain James T $57,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2018 05/02/18 Sold $82,700 0.0% $104 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $82,700 -- $104 / 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
2024 $714 $119,000 $25,000 $94,000
2023 $1,242 $103,500 $0 $103,500
2022 $1,111 $92,600 $0 $92,600
2021 $1,046 $87,200 $0 $87,200
2020 $992 $82,700 $0 $82,700
2019 $992 $82,700 $0 $82,700
2018 $976 $82,700 $0 $82,700
2017 $976 $82,700 $0 $82,700
2016 $714 $82,700 $0 $82,700
2015 $714 $82,600 $12,500 $70,100
2014 $714 $82,600 $12,500 $70,100
Source: Public Records

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 845452

Roanoke Valley Association of REALTORS®

APN: 285-5-1-2304