NOT LISTED FOR SALE

27 Lake Ave Salem, VA 24153

Estimated Value: $187,903 - $212,000

2 Beds
1 Bath
869 Sq Ft
$231/Sq Ft Est. Value

Last Sold August 12, 2013

Last sale price $107,000 $123 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $1,119/month

111 Days on Market

Highlights

  • Deck
  • No HOA
  • Fenced Yard
  • Ranch Style House
  • Covered Patio or Porch
  • 5-minute walk to Lake Spring Park

About This Home

As of August 2013

CUTE, WELL MAINTAINED HOME IN SALEM RIGHT OFF MAIN STREET, CONVENIENT TO EVERYTHING. NEW HEAT/AC 4 YRS - NEW ADDITION LAUNDRY AND MUD ROOM. AWESOME COVERED FRONT PORCH. COZY HOME GET INSIDE TO SEE THE CHARM, HARDWOOD FLOORS WILL BE REDONE AT CLOSING IF BUYER WANTS THEM DONE. YOU WILL FALL IN LOVE WITH THIS HOME. LARGE DECK AND FENCED PARK LIKE YARD. PLENTY OF STORAGE UPPER LEVEL.

Last Agent to Sell the Property

Rhonda Spangler

RED KEY REALTY INC License #0225085809 Listed on: 02/07/2013

Last Buyer's Agent

Rob Robinson

RE/MAX REAL ESTATE ONE License #0225066830

RE/MAX REAL ESTATE ONE

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $1,103

Year Built

  • Built in 1941

Lot Details

  • Lot Dimensions are 55 x 155
  • Fenced Yard
  • Level Lot

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Ranch Style House

Interior Spaces

  • 869 Sq Ft Home
  • Ceiling Fan
  • Crawl Space
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 9A

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$1,103

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Forced Air Gas
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Deck, Fenced Yard
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 773.00
  • ExteriorDoors: Wood
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • OtherAboveGrdFin Sq Ft: 96.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 869
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 869.00
  • TotalUnfin Sq Ft: 600.00
  • Unfinished Attached S Q F T Upper S Q F T Unfin Old: 600.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch

Utilities

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

Association/Amenities

  • Misc Features: Maint-Free Exterior

Lot Info

  • Lot Description: Level Lot
  • Lot Dimensions: 55 X 155
  • Property Group Id: 19990816212109142258000000
  • Lot: 9A

Building Info

  • Year Built: 1941

Tax Info

  • Taxes (6 mo): 1103.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2013
Closed on
Aug 2, 2013
Sold by
Cooner Faith S and Sword Faith N
Bought by
Valentine Doris
Seller's Agent
Rhonda Spangler
RED KEY REALTY INC
Buyer's Agent
Rob Robinson
RE/MAX REAL ESTATE ONE
List Price
$119,000
Sold Price
$107,000
Premium/Discount to List
-$12,000
-10.08%
Current Estimated Value
$200,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,726
Avg. Annual Appreciation
5.17%
Original Mortgage
$99,750
Outstanding Balance
$74,534
Interest Rate
4.51%
Mortgage Type
New Conventional
Estimated Equity
$126,192

Purchase Details

Closed on
Jul 24, 2008
Sold by
Welleford Margaret A
Bought by
Sword Faith N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,328
Interest Rate
6.49%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Valentine Doris $107,000 First Choice Title & Settlem
Sword Faith N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valentine Doris $99,750
Previous Owner Sword Faith N $103,328
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2013 08/12/13 Sold $107,000 -10.1% $123 / Sq Ft
05/29/2013 05/29/13 Pending -- -- --
02/07/2013 02/07/13 For Sale $119,000 -- $137 / 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 $925 $156,700 $44,200 $112,500
2024 $862 $143,600 $42,800 $100,800
2023 $1,501 $125,100 $40,400 $84,700
2022 $1,362 $113,500 $35,600 $77,900
2021 $1,265 $105,400 $33,300 $72,100
2020 $1,213 $101,100 $30,900 $70,200
2019 $1,159 $96,600 $30,900 $65,700
2018 $1,103 $93,500 $30,900 $62,600
2017 $1,094 $92,700 $30,900 $61,800
2016 $1,094 $92,700 $30,900 $61,800
2015 $1,103 $93,500 $29,000 $64,500
2014 $1,103 $93,500 $29,000 $64,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 789143

Roanoke Valley Association of REALTORS®

APN: 124-1-3