NOT LISTED FOR SALE

2501 Gatehouse Ln Salem, VA 24153

Estimated Value: $164,000 - $190,000

1 Bed
1 Bath
798 Sq Ft
436 Sq Ft Lot

Sale Details

Date Sold: June 17, 2025

Last sale price $169,500 $212 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,165 / mo

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

Lot Details

  • 436

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

436 Sq Ft Lot

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
  • 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
  • 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

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.01

Building Info

  • Year Built: 1984

Tax Info

  • Taxes (6 mo): 1564.00

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2025
Closed on
Jun 12, 2025
Sold by
Bought by
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
Current Estimated Value
$174,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,850
Avg. Annual Appreciation
2.83%
Original Mortgage
$169,500
Outstanding Balance
$169,061
Interest Rate
6.76%
Mortgage Type
VA
Estimated Equity
$5,289

Purchase Details

Listed on
Mar 23, 2021
Closed on
Apr 21, 2021
Sold by
Bought by
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
Bought by
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
Bought by

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $169,500
Previous Owner $80,000
Previous Owner $64,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $762 $129,200 $30,000 $99,200
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

  • Patrick Wilkinson

    Seller's Agent in 2025

    Patrick Wilkinson

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 777-7000

    68 Total Sales

    Patrick Wilkinson
    Section Image

  • V

    Buyer's Agent in 2025

    Veronica Perkins

    KELLER WILLIAMS REALTY ROANOKE

    (540) 302-5089

    206 Total Sales

    Veronica Perkins
    Section Image

  • D

    Buyer Co-Listing Agent in 2025

    Daniel Perkins

    KELLER WILLIAMS REALTY ROANOKE

    (540) 632-0767

    157 Total Sales

    Daniel Perkins
    Section Image

  • E

    Seller's Agent in 2015

    Edgar Smith

    MKB, REALTORS(r) - OAK GROVE

    (540) 353-2800

    77 Total Sales

    Edgar Smith
    Section Image
  • Meg Smith

    Seller Co-Listing Agent in 2015

    Meg Smith

    MKB, REALTORS(r)

    (540) 353-2803

    130 Total Sales

    Meg Smith
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 917238

Roanoke Valley Association of REALTORS®

APN: 285-9-1-2501

Virginia Salem City County Salem 24153

2501 Gatehouse Ln, Salem, VA

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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