$169,500
SOLD JUN 17, 2025

2501 Gatehouse Ln Salem, VA 24153

1 Bed
1 Bath
798 Sq Ft
$165/mo HOA Fee

Recently Sold

$212 Per Sq Ft

7% Above List Price

1 Day on Market

About This Home

As of June 2025

Zero steps to enter this ideal one-level condominium at Salem's Ridgewood Farm. Attractive 1 BR, 1 BA is turn-key and comes with appliances including refrigerator, stove, dishwasher, clothes washer and dryer. This home has a spacious living room including fireplace with mantle and slate hearth, equipped kitchen, and a large balcony for enjoying the outdoors. Enjoy the community pool in the summertime, and no exterior maintenance all year long. HOA fee covers pool, exterior maintenance, public water/sewer, basement storage bay.

Last Agent to Sell the Property

Patrick Wilkinson

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225040887 Listed on: 05/14/2025

Last Buyer's Agent

Veronica Perkins

KELLER WILLIAMS REALTY ROANOKE License #0225240679

KELLER WILLIAMS REALTY ROANOKE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,564

Year Built

  • Built in 1984

HOA Fees

  • $165 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 798 Sq Ft Home
  • Living Room with Fireplace

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • Off-Street Parking

Outdoor Features

  • Covered patio or porch

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • Ridgewood Farms Coa
  • Ridgewood Farm Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,564

Year Built

Built in 1984

Lot Details

0

HOA Fees

$165 per month

Listing Details

  • Heating System: Heat Pump Electric
  • Fireplace(s): Living Room
  • Type: Residential
  • Property Subtype 1: Condominium
  • Has Basement: Slab
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: Yes
  • 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
  • Phone Email: 540-206-3721
  • P O A Condo Contact Name: Ridgewood Farms COA
  • POACondoDues: 165.00
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2025-05-15
  • Residential Type: Attached
  • SubdivisionMap: Ridgewood Farm
  • Total Above Grd Fin S Q F T: 798
  • TotalBdrm: 1
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 798.00
  • UncoveredNumberSpaces: 1.00
  • Uncovered Parking: Off Street Parking
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

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

Schools

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

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.01

Building Info

  • Year Built: 1984

Tax Info

  • Taxes (6 mo): 1564.00
  • FILLTAXID: 285-9-1-2501

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
May 14, 2025
Closed on
Jun 12, 2025
Sold by
Blevins Tanda J
Bought by
Moody Reco Emmanuel Tho
Seller's Agent
Patrick Wilkinson
WAINWRIGHT & CO., REALTORS(r)- LAKE
Buyer's Agent
Veronica Perkins
KELLER WILLIAMS REALTY ROANOKE
List Price
$159,000
Sold Price
$169,500
Premium/Discount to List
$10,500
6.6%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-28.76%
Original Mortgage
$169,500
Outstanding Balance
$169,500
Interest Rate
6.76%
Mortgage Type
VA
Estimated Equity
-$8,407

Purchase Details

Listed on
Mar 23, 2021
Closed on
Apr 21, 2021
Sold by
Dooley Stuart Jane
Bought by
Blevins Tanda J
Seller's Agent
Vickie Breedlove
RE/MAX REAL ESTATE ONE
Buyer's Agent
Patrick Wilkinson
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$105,000
Sold Price
$105,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.20%
Original Mortgage
$80,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2015
Closed on
Nov 2, 2015
Sold by
Clark Harold H and Clark Billye Z
Bought by
Stuart Jane Dooley
Seller's Agent
Edgar Smith
MKB, REALTORS(r) - OAK GROVE
List Price
$79,900
Sold Price
$79,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.13%

Purchase Details

Closed on
Mar 25, 2011
Sold by
Phlegar Viola V
Bought by
Clark Billye Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
5.25%
Mortgage Type
New Conventional
Source: Public Records

Similar Home in Salem, VA

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    • 1 Bath
    • 1,094 Sq Ft
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    Welcome to 2435 Post Oak Rd in Salem, VA--a well-maintained 2-bedroom, 1-bath condo in the desirable Ridgewood Farm community. This 1,094 sq ft home features an open living area, a fully equipped kitchen, cozy bedrooms, and a fenced-in patio for private outdoor enjoyment. Located just a short walk to the community Pool. With off-street parking and a HOA that covers exterior maintenance, lawn

    Joel Humphreys NEXTHOME NEW RIVER VALLEY

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Range of Values:

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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
Deed $169,500 First American Title
Deed $105,000 Fidelity National Ttl Ins Co
Deed $79,900 None Available
Deed $80,000 First American Title Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $169,500 VA
Previous Owner $80,000 New Conventional
Previous Owner $64,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Sold $169,500 +6.6% $212 / Sq Ft
05/15/2025 05/15/25 Pending -- -- --
05/14/2025 05/14/25 For Sale $159,000 +51.4% $199 / Sq Ft
04/21/2021 04/21/21 Sold $105,000 0.0% $132 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $105,000 +31.4% $132 / Sq Ft
11/06/2015 11/06/15 Sold $79,900 0.0% $100 / Sq Ft
10/09/2015 10/09/15 Pending -- -- --
08/07/2015 08/07/15 For Sale $79,900 -- $100 / 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 $695 $115,900 $25,000 $90,900
2023 $1,211 $100,900 $0 $100,900
2022 $1,072 $89,300 $0 $89,300
2021 $959 $79,900 $0 $79,900
2020 $956 $79,700 $0 $79,700
2019 $956 $79,700 $0 $79,700
2018 $940 $79,700 $0 $79,700
2017 $940 $79,700 $0 $79,700
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: 917238

Roanoke Valley Association of REALTORS®

APN: 285-9-1-2501