NOT LISTED FOR SALE

2730 W Main St Salem, VA 24153

Salem Area

Estimated Value: $303,561 - $353,000

1.7 Acres
$193,106 Price per Acre
74,052 Sq Ft Lot

Sale Details

Date Sold: October 10, 2023

Last sale price $245,000

Est. 34% increase in value since last sale

Current estimated payment $2,129 / mo

251 Days on Market

Highlights

  • 1.7 Acre Lot
  • Level Lot
  • 1-minute walk to Beverly Heights
  • No HOA

About This Lot

As of October 2023

Prime 1.7 acre commercial lot with 196' of frontage on W. Main Street, one of the Valley's busiest commercial corridors. This lot is zoned HBD Highway Business District and can accommodate a myriad of commercial uses. Water and sewer at the street. Please view the drone video below to get a better idea of this excellent location. Note the excellent traffic count of 18,000 AADT. Priced below assessment!

Last Agent to Sell the Property

Henry Scholz

MKB, REALTORS® License #0225055191 Listed on: 02/25/2022

MKB, REALTORS®

Co-Listed By

Kit Hale

MKB, REALTORS® License #0225015395

Last Buyer's Agent

Reina Hernandez

RE/MAX 8 License #0225237337

RE/MAX 8

Range of Values:

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

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,185

Lot Details

  • 1.7 Acre Lot
  • Level Lot

Schools

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

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$3,185

Lot Details

1.7 Acres

Listing Details

  • Road Frontage: 196.00
  • Type: Land
  • CondoAssocYN: No
  • ElectricDescription: Above Ground
  • Land Sub Type: Commercial Land
  • 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

Lot Info

  • Property Group Id: 19990816212131825981000000
  • Land Description: Level
  • Total Acreage: 1.70
  • Land Type: Land (Acreage)

Tax Info

  • Taxes (6 mo): 3185.00

MLS Schools

  • Elementary School: West 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
Feb 25, 2022
Closed on
Sep 19, 2023
Sold by
Daniel N Suggs Excavating & Grading Inc
Bought by
Seller's Agent
Henry Scholz
MKB, REALTORS®
Buyer's Agent
Reina Hernandez
RE/MAX 8
List Price
$259,950
Sold Price
$245,000
Premium/Discount to List
-$14,950
-5.75%
Views
9
Current Estimated Value
$328,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,281
Avg. Annual Appreciation
10.62%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Salem, VA

  • Marlee Russell Real Estate Agent - Nest Realty Roanoke

    Marlee Russell

    Nest Realty Roanoke

    (540) 699-1764

    85 Total Sales

    2 in Salem

    $290K - $414K Price Range

    Marlee Russell
     Section Image
  • Stephanie Varney Real Estate Agent - VARNEY REALTY PARTNERS

    Stephanie Varney

    VARNEY REALTY PARTNERS

    (540) 613-5683

    51 Total Sales

    3 in Salem

    $46K - $230K Price Range

    Stephanie Varney
     Section Image
  • Tim Thompson Real Estate Agent - MKB, Roanoke

    Tim Thompson

    MKB, Roanoke

    (540) 900-3294

    123 Total Sales

    9 in Salem

    $163K - $503K Price Range

    Tim Thompson
     Section Image
  • Brenda Bratt Real Estate Agent - WAINWRIGHT & CO., REALTORS®- LAKE

    Brenda Bratt

    WAINWRIGHT & CO., REALTORS®- LAKE

    (540) 590-5011

    162 Total Sales

    3 in Salem

    $220K - $495K Price Range

    Brenda Bratt
     Section Image
  • Tammy Shepherd Real Estate Agent - SHEPHERD REALTY GROUP

    Tammy Shepherd

    SHEPHERD REALTY GROUP

    (540) 666-6265

    256 Total Sales

    10 in Salem

    $150K - $572K Price Range

    Tammy Shepherd
     Section Image
  • Lisa Martin Real Estate Agent - LISA & CO., REALTORS®

    Lisa Martin

    LISA & CO., REALTORS®

    (540) 592-4413

    65 Total Sales

    2 in Salem

    $206K - $237K Price Range

    Lisa Martin
     Section Image
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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
$245,000 Performance Title
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 $195,000
Closed Lemus Encarnacion Amaya $150,000
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
10/10/2023 10/10/23 Sold $245,000 -5.8% --
11/03/2022 11/03/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $259,950 -- --
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
2026 $3,821 $329,400 $329,400 $0
2025 $1,863 $315,800 $315,800 $0
2024 $1,806 $301,000 $301,000 $0
2023 $3,434 $286,200 $286,200 $0
2022 $3,185 $265,400 $265,400 $0
2021 $3,078 $256,500 $256,500 $0
2020 $3,082 $256,800 $256,800 $0
2019 $3,082 $256,800 $256,800 $0
2018 $3,030 $256,800 $256,800 $0
2017 $2,755 $233,500 $233,500 $0
2016 $2,643 $224,000 $224,000 $0
2015 $2,643 $224,000 $224,000 $0
2014 $2,643 $224,000 $224,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Henry Scholz Real Estate Agent - MKB, REALTORS®

    Seller's Agent in 2023

    Henry Scholz

    MKB, REALTORS®

    (540) 353-0100

    35 Total Sales

    Henry Scholz
    Section Image
  • Kit Hale Real Estate Agent - MKB, REALTORS®

    Seller Co-Listing Agent in 2023

    Kit Hale

    MKB, REALTORS®

    (800) 879-6527

    31 Total Sales

    Kit Hale
    Section Image
  • Reina Hernandez Real Estate Agent - RE/MAX

    Buyer's Agent in 2023

    Reina Hernandez

    RE/MAX

    (540) 235-1930

    78 Total Sales

    Reina Hernandez
    Section Image

  • RM

    Buyer's Agent in 2023

    REINA MARTINEZ

    RE/MAX

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 887249

Roanoke Valley Association of REALTORS®

APN: 174-5-1

Virginia Salem City County Salem 24153

2730 W Main St, 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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