NOT LISTED FOR SALE

2507 Oak Ridge Ln Salem, VA 24153

Estimated Value: $624,863 - $674,000

4 Beds
3.5 Baths
3,450 Sq Ft
$190/Sq Ft Est. Value

Last Sold November 07, 2014

Last sale price $417,500 $121 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,028/month

12 Days on Market

Highlights

  • Golf Course Community
  • Deck
  • Ranch Style House
  • Salem High School Rated A-
  • Great Room with Fireplace
  • Screened Porch

About This Home

As of November 2014

This 4 BR, 3.5 BA, 3400 sq ft ranch with a large screened porch is the ideal setting to relax and enjoy the outdoors. Features include hardwood floors throughout the main level, modern kitchen & bathrooms, crown molding, 2 fireplaces, large master bedroom, large basement with finished rec room and plenty of space for hobbies or workshop.

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $4,509

Year Built

  • Built in 2002

Lot Details

  • 0.29 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Gas Log Fireplace
  • Drapes & Rods
  • Great Room with Fireplace
  • 2 Fireplaces
  • Recreation Room with Fireplace
  • Screened Porch

Kitchen

  • Built-In Oven
  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Alarm System
  • Storm Doors

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Natural Gas Water Heater
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 15

Community Details

Overview

  • Northwoods Of Ridgewood Farms Subdivision

Amenities

  • Restaurant

Recreation

  • Golf Course Community

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$4,509

Year Built

Built in 2002

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Interior Features: Alarm, All Drapes, Gas Log Fireplace, Indirect Lighting, Walk-in-Closet
  • Heating System: Forced Air Gas
  • Fireplace(s): Great Room, Recreation Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Garage Door Opener, Microwave Oven (Built In), Range Electric, Refrigerator, Wall Oven
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Deck, Patio, Paved Driveway, Screened Porch
  • BedroomsBREntryLevel: 3
  • BedroomsBRLowerLevel: 1
  • EntryAboveGrdFin Sq Ft: 2730.00
  • ExteriorDoors: Insulated Storm, Metal
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsEntryLvl: 2
  • FullBathsFullBathsLowerLvl: 1
  • Grand Total Attached S Q F T: 5460
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable, DSL
  • InternetAccessCurntInternetProv: Verizon
  • LaundryLaundryEntryLevel: 1
  • LowerBelowGrdFin Sq Ft: 720.00
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • NumberPrimCovSpaces: 2.00
  • POACondoDues: 200.00
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2014-09-08
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 2730
  • TotalBdrm: 4
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3450.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 2010.00
  • Unfinished Attached S Q F T Lower S Q F T Unfin Old: 2010.00
  • Water Class: N/A
  • Water Htr Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Rear Porch

Utilities

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

Association/Amenities

  • Misc Features: Cul-de-sac, Paved Road, Private Road, Satellite Dish, Underground Util

Schools

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

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.29
  • Lot: 15

Building Info

  • Year Built: 2002

Tax Info

  • Taxes (6 mo): 4509.00
  • FILLTAXID: 277-1-2

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
Aug 27, 2014
Closed on
Oct 17, 2014
Sold by
Powell William C and Powell Lois M
Bought by
Rasmussen Ronnie R and Rasmussen Susan C
List Price
$445,000
Sold Price
$417,500
Premium/Discount to List
-$27,500
-6.18%
Current Estimated Value
$655,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,788
Avg. Annual Appreciation
4.25%
Original Mortgage
$310,000
Outstanding Balance
$238,604
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$416,684
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 Buyer Sale Price Title Company
Rasmussen Ronnie R $417,500 Century Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rasmussen Ronnie R $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2014 11/07/14 Sold $417,500 -6.2% $121 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
08/27/2014 08/27/14 For Sale $445,000 -- $129 / 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 $3,175 $538,100 $82,000 $456,100
2024 $3,187 $531,200 $77,500 $453,700
2023 $5,970 $497,500 $72,900 $424,600
2022 $5,506 $458,800 $68,400 $390,400
2021 $5,240 $436,700 $65,600 $371,100
2020 $5,110 $425,800 $65,600 $360,200
2019 $4,937 $411,400 $65,600 $345,800
2018 $4,855 $411,400 $65,600 $345,800
2017 $4,806 $407,300 $65,600 $341,700
2016 $4,806 $407,300 $65,600 $341,700
2015 $4,510 $382,200 $65,000 $317,200
2014 $4,510 $382,200 $65,000 $317,200
Source: Public Records

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 807385

Roanoke Valley Association of REALTORS®

APN: 277-1-12

Virginia Salem City County Salem 24153

2507 Oak Ridge Ln, Salem, VA

This home is located at 2507 Oak Ridge Ln, Salem, VA 24153 since 27 August 2014 and is currently estimated at $655,288, approximately $189 per square foot. This property was built in 2002. 2507 Oak Ridge Ln is a home located in Salem City with nearby schools including East 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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