NOT LISTED FOR SALE

2525 Gatehouse Ln Salem, VA 24153

Salem Area

Estimated Value: $188,000 - $223,000

2 Beds
2 Baths
1,075 Sq Ft
1.33 Acre Lot

Sale Details

Date Sold: July 15, 2021

Last sale price $153,700 $143 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,421 / mo

15 Days on Market

Highlights

  • Community Pool
  • Walk-In Closet
  • Patio
  • Breakfast Area or Nook
  • Views
  • Storage

About This Home

As of July 2021

Desirable Ridgewood Farms condo. Recently updated. Living room w/ gas log fireplace and glass doors to deck. Spacious 2 bedrooms and 2 full baths. Well- landscaped community within walking distance to shopping, Lewis Gale hospital, and Greenway. Community pool and assigned parking. There is designated additional storage on lower level. Great covered patio off living room and eat in kitchen. Fireplace in living Room.This is upper level on back looking towards pool. You will have one flight of steps from the parking lot.

Last Agent to Sell the Property

Timothy Toohig

RE/MAX ALL POINTS License #0225002420 Listed on: 05/27/2021

RE/MAX ALL POINTS

Last Buyer's Agent

Dana Berenbaum

MKB, REALTORS(r) License #0225219400

MKB, REALTORS(r)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,250

Year Built

  • Built in 1984

Lot Details

  • 1.33

HOA Fees

  • $185 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • 1,075 Sq Ft Home
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Storage
  • Laundry on main level
  • Breakfast Area or Nook
  • Property Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 1 Open Parking Space
  • Assigned Parking

Outdoor Features

  • Patio

Schools

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

Utilities

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

Community Details

Overview

  • Gibson And Associates Association
  • Ridgewood Farm Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,250

Year Built

Built in 1984

Lot Details

1.33 Acres

HOA Fees

$185 per month

Listing Details

  • Interior Features: Breakfast Area, Gas Log Fireplace, Storage, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Fireplace(s): Living Room
  • Type: A
  • Property Subtype 1: Condominium
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • Outside Features: Patio
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 1075.00
  • Fireplace Number Fireplaces: 1
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Comcast
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • Phone Email: 540-206-3721/ tbeamer@gibsonhoawork.com
  • P O A Condo Contact Name: Gibson and Associates
  • POACondoDues: 185.00
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: N/A
  • Residential Type: Attached
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 1075
  • TotalBdrm: 2
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1075.00
  • UncoveredNumberSpaces: 1.00
  • Uncovered Parking: Designated Spaces
  • 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

Association/Amenities

  • Misc Features: Cable TV, Paved Road

Lot Info

  • Lot Description: Views
  • Property Group Id: 19990816212109142258000000
  • Phase: 6

Building Info

  • Year Built: 1984

Tax Info

  • Taxes (6 mo): 1250.00

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 27, 2021
Closed on
Jul 14, 2021
Sold by
Bought by
Seller's Agent
Timothy Toohig
RE/MAX ALL POINTS
Buyer's Agent
Dana Berenbaum
MKB, REALTORS(r)
List Price
$154,950
Sold Price
$153,700
Premium/Discount to List
-$1,250
-0.81%
Current Estimated Value
$212,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,792
Avg. Annual Appreciation
6.64%
Original Mortgage
$122,960
Interest Rate
0.0293%
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
$153,700 Acquisition Ttl & Setmnt Agc
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 $25,000
Open $122,960
Closed $122,960
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
07/15/2021 07/15/21 Sold $153,700 -0.8% $143 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $154,950 -- $144 / 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 $952 $161,400 $30,000 $131,400
2024 $868 $144,700 $25,000 $119,700
2023 $1,663 $138,600 $0 $138,600
2022 $1,469 $122,400 $0 $122,400
2021 $1,250 $104,200 $0 $104,200
2020 $1,231 $102,600 $0 $102,600
2019 $1,231 $102,600 $0 $102,600
2018 $1,211 $102,600 $0 $102,600
2017 $1,211 $102,600 $0 $102,600
2016 $1,211 $102,600 $0 $102,600
2015 $1,240 $105,100 $15,000 $90,100
2014 $1,240 $105,100 $15,000 $90,100
Source: Public Records

Agents Affiliated with this Home

  • Timothy Toohig

    Seller's Agent in 2021

    Timothy Toohig

    RE/MAX

    (540) 330-8300

    281 Total Sales

    Timothy Toohig
    Section Image
  • Dana Berenbaum

    Buyer's Agent in 2021

    Dana Berenbaum

    MKB, REALTORS(r)

    (540) 521-4424

    204 Total Sales

    Dana Berenbaum
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 880314

Roanoke Valley Association of REALTORS®

APN: 284-4-1-2525

Virginia Salem City County Salem 24153

2525 Gatehouse Ln, Salem, VA

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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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