NOT LISTED FOR SALE

2640 Franklin St Salem, VA 24153

Salem Area

Estimated Value: $27,000 - $637,000

1.02 Acres
$318,954 Price per Acre
44,431 Sq Ft Lot

Sale Details

Date Sold: May 6, 2024

Last sale price $18,500

Est. 1,659% increase in value since last sale

Current estimated payment $1,789 / mo

861 Days on Market

About This Lot

As of May 2024

LOOKING TO BUILD? PERFECT LOT IN SALEM - CLOSE TO AREA AMENITIES, YET PRIVATE. PUBLIC WATER AND SEWER AVAILABLE.

Last Agent to Sell the Property

Karin Colozza

MKB, REALTORS(r) License #0225182848 Listed on: 10/29/2021

MKB, REALTORS(r)

Last Buyer's Agent

Jeffrey Cronise

WAINWRIGHT & CO., REALTORS(r) License #0225263613

WAINWRIGHT & CO., REALTORS(r)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $376

Lot Details

  • 1.02

Schools

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

Additional Features

  • 1.02 Acre Lot
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 6

Property Details

Property Type

Land

Est. Annual Taxes

$376

Lot Details

1.02 Acres

Listing Details

  • Type: Land
  • CondoAssocYN: No
  • ElectricDescription: Available
  • Land Sub Type: Other - See Remarks
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Association/Amenities

  • Misc Features: Cable TV Avail

Lot Info

  • Property Group Id: 19990816212131825981000000
  • Total Acreage: 1.02
  • Lot: 6
  • Land Type: Land (Acreage)

Tax Info

  • Taxes (6 mo): 375.60

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
Oct 29, 2021
Closed on
May 1, 2024
Sold by
Bought by
Seller's Agent
Karin Colozza
MKB, REALTORS(r)
Buyer's Agent
Jeffrey Cronise
WAINWRIGHT & CO., REALTORS(r)
List Price
$29,900
Sold Price
$18,500
Premium/Discount to List
-$11,400
-38.13%
Views
431
Current Estimated Value
$325,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,833
Avg. Annual Appreciation
261.71%
Original Mortgage
$260,000
Interest Rate
0.0687%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 15, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 14, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 2006
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
$18,500 Pike Title
$18,000 Fidelity National Title
$289,950 Multi
-- First American Title Insuran
-- None Available
-- None Available
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
Closed $260,000
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
05/06/2024 05/06/24 Sold $18,500 -24.5% --
03/08/2024 03/08/24 Pending -- -- --
12/28/2023 12/28/23 Price Changed $24,500 -5.8% --
06/08/2023 06/08/23 Price Changed $26,000 -13.0% --
10/29/2021 10/29/21 For Sale $29,900 -- --
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 $192 $32,500 $32,500 $0
2024 $186 $31,000 $31,000 $0
2023 $353 $29,400 $29,400 $0
2022 $402 $33,500 $33,500 $0
2021 $376 $31,300 $31,300 $0
2020 $376 $31,300 $31,300 $0
2019 $188 $31,300 $31,300 $0
2018 $369 $31,300 $31,300 $0
2017 $411 $34,800 $34,800 $0
2016 $411 $34,800 $34,800 $0
2015 $378 $32,000 $32,000 $0
2014 $378 $32,000 $32,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Karin Colozza

    Seller's Agent in 2024

    Karin Colozza

    MKB, REALTORS(r)

    (540) 761-4166

    176 Total Sales

    Karin Colozza
    Section Image

  • J

    Buyer's Agent in 2024

    Jeffrey Cronise

    WAINWRIGHT & CO., REALTORS(r)

    (540) 815-9475

    31 Total Sales

    Jeffrey Cronise
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 884996

Roanoke Valley Association of REALTORS®

APN: 272-1-1.1

Virginia Salem City County Salem 24153

2640 Franklin St, 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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