$105,950
SOLD OCT 29, 2020

2310 Wood Gate Ln Salem, VA 24153

1 Bed
1 Bath
800 Sq Ft
0.59 Acres

Recently Sold

$132 Per Sq Ft

5 Days on Market

Highlights

  • Community Pool
  • Walk-In Closet
  • Storage
  • Salem High School Rated A-
  • Patio
  • Restaurant

About This Home

As of September 2023

Beautiful ground floor unit in Ridgewood Farm Community. Move-in ready. Spacious floor plan. Insulated sliding doors with built-in blinds. Hardwood floors. New carpet in bedroom. Lots of storage including a separate storage unit. Conveniently located to shopping, restaurants and Lewis Gale Medical Center. HOA dues cover water, sewer, trash collection, exterior maintenance, and access to pool.

Last Listed By

Kathy Webber

THE REAL ESTATE GROUP License #0225149250 Listed on: 08/25/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,006

Year Built

  • Built in 1983

HOA Fees

  • $141 Monthly HOA Fees

Home Design

  • Property Attached
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 800 Sq Ft Home
  • Ceiling Fan
  • Insulated Doors
  • Living Room with Fireplace
  • Storage

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • Off-Street Parking

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • 0.59 Acre Lot

Community Details

Overview

  • Gibson And Associates Association
  • Ridgewood Farm Subdivision

Amenities

  • Restaurant

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,006

Year Built

Built in 1983

Lot Details

0

HOA Fees

$141 per month

Listing Details

  • Interior Features: Ceiling Fan, Storage, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Fireplace(s): Living Room
  • Type: A
  • Has Basement: Slab
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Patio
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 800.00
  • ExteriorDoors: Insulated, Metal
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 800
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • Phone Email: 540-206-3721
  • P O A Condo Contact Name: Gibson and Associates
  • POACondoDues: 141.28
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2020-08-30
  • Residential Type: Attached
  • SubagentAuthorized: No
  • SubdivisionMap: Ridgewood Farm
  • Total Above Grd Fin S Q F T: 800
  • TotalBdrm: 1
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 800.00
  • UncoveredNumberSpaces: 2.00
  • Uncovered Parking: Off Street Parking
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

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

Association/Amenities

  • Misc Features: Cable TV

Schools

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

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.59
  • Phase: 3

Building Info

  • Year Built: 1983

Tax Info

  • Taxes (6 mo): 1005.60
  • FILLTAXID: 285-6-1-2310

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
Jul 31, 2023
Closed on
Sep 13, 2023
Sold by
Coburn Lloyd Rex
Bought by
Young Jordan M
Seller's Agent
Kathy Webber
THE REAL ESTATE GROUP
Buyer's Agent
Kathy Webber
THE REAL ESTATE GROUP
List Price
$134,950
Sold Price
$140,000
Premium/Discount to List
$5,050
3.74%
Total Days on Market
5
Views
40
Current Estimated Value
$168,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,827
Avg. Annual Appreciation
7.35%
Original Mortgage
$70,000
Outstanding Balance
$69,275
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$88,766

Purchase Details

Listed on
Aug 25, 2020
Closed on
Oct 1, 2020
Sold by
Dalton Shelby
Bought by
Coburn Lloyde Rex
Seller's Agent
Kathy Webber
THE REAL ESTATE GROUP
List Price
$105,950
Sold Price
$105,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.16%
Original Mortgage
$86,060
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2011
Sold by
Cox Ronald W
Bought by
Dalton Shelby
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 Type Sale Price Title Company
Warranty Deed $140,000 Acquisition Title
Deed $105,950 Fidelity National Ttl Ins Co
Deed $85,000 Acqusition Title & Settlemen
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $70,000 New Conventional
Previous Owner $86,060 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $140,000 +3.7% $175 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
07/31/2023 07/31/23 For Sale $134,950 +27.4% $169 / Sq Ft
10/29/2020 10/29/20 Sold $105,950 0.0% $132 / Sq Ft
08/30/2020 08/30/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $105,950 -- $132 / 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 $709 $118,100 $25,000 $93,100
2023 $1,240 $103,300 $0 $103,300
2022 $1,096 $91,300 $0 $91,300
2021 $1,008 $84,000 $0 $84,000
2020 $1,006 $83,800 $0 $83,800
2019 $1,006 $83,800 $0 $83,800
2018 $989 $83,800 $0 $83,800
2017 $988 $83,700 $0 $83,700
2016 $940 $79,700 $0 $79,700
2015 $942 $79,800 $12,500 $67,300
2014 $942 $79,800 $12,500 $67,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 872654

Roanoke Valley Association of REALTORS®

APN: 285-6-1-2310