NOT LISTED FOR SALE

2918 Phillips Brook Ln Salem, VA 24153

Estimated Value: $496,000 - $647,000

6 Beds
3.5 Baths
3,880 Sq Ft
$148/Sq Ft Est. Value

Sale Details

Date Sold: May 28, 2024

Last sale price $525,000 $135 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,329 / mo

3 Days on Market

Highlights

  • Colonial Architecture
  • Living Room with Fireplace
  • Breakfast Area or Nook
  • Deck
  • Covered Patio or Porch
  • Fenced Yard

About This Home

As of May 2024

Welcome to this spacious and elegant home nestled in the Phillips Brook neighborhood in the City of Salem. This meticulously maintained home boasts generous living spaces ideal for both entertaining and relaxation. The inviting foyer leads into an open kitchen with granite countertops and stainless steel appliances and breakfast area. The kitchen opens to a cozy living room complemented by a cozy gas log fireplace and abundant natural light streaming through the large windows. This home features 4 bedrooms plus a spacious master suite on upper level. Separate formal dining room and a large office or Den on the Main level. Spacious hallways and tons of storage. In- law suite (bedroom, full bathroom, laundry) with kitchenette and living area with a gas log fireplace on the Lower level.

Last Agent to Sell the Property

Laura Bachmann

REAL BROKER LLC - MCLEAN License #0225248986 Listed on: 03/22/2024

REAL BROKER LLC - MCLEAN

Last Buyer's Agent

Brandon Hornby

NEST REALTY ROANOKE License #0225244035

NEST REALTY ROANOKE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,029

Year Built

  • Built in 2006

Lot Details

  • 10,890 Sq Ft Lot
  • Fenced Yard
  • Lot Sloped Down

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Gas Log Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Storage

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Lewis Armistead Association

Listing and Financial Details

  • Tax Lot 17

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,029

Year Built

Built in 2006

Lot Details

0.25 Acres

HOA Fees

$29 per month

Listing Details

  • Interior Features: Breakfast Area, Gas Log Fireplace, Storage, Walk-in-Closet
  • Heating System: Forced Air Gas, Heat Pump Electric
  • Fireplace(s): Basement, Living Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Deck, Fenced Yard, Nat Gas Line Outdoor, Paved Driveway
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1230.00
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryLowerLevel: 1
  • LaundryLaundryUpperLevel: 1
  • LowerBelowGrdFin Sq Ft: 1000.00
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Phone Email: 540-320-5170
  • P O A Condo Contact Name: Lewis Armistead
  • POACondoDues: 350.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Colonial
  • SubdivisionMap: Phillip Brook
  • Total Above Grd Fin S Q F T: 2880
  • TotalBdrm: 6
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3880.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 230.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 230.00
  • UpperAboveGrdFin Sq Ft: 1650.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

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: Down Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.25
  • Lot: 17

Building Info

  • Year Built: 2006

Tax Info

  • Taxes (6 mo): 5029.20

MLS Schools

  • Elementary School: South 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
Mar 22, 2024
Closed on
May 14, 2024
Sold by
Bought by
Seller's Agent
Laura Bachmann
REAL BROKER LLC - MCLEAN
Buyer's Agent
Brandon Hornby
NEST REALTY ROANOKE
List Price
$499,999
Sold Price
$525,000
Premium/Discount to List
$25,001
5%
Views
100
Current Estimated Value
$572,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,694
Avg. Annual Appreciation
4.29%
Original Mortgage
$400,000
Outstanding Balance
$377,436
Interest Rate
6.16%
Mortgage Type
New Conventional
Estimated Equity
$195,258

Purchase Details

Listed on
Jan 4, 2021
Closed on
Feb 3, 2021
Sold by
Bought by
Seller's Agent
Rob Robinson
RE/MAX REAL ESTATE ONE
Buyer's Agent
Doug Trexell
REALTY ONE GROUP LEADING EDGE
List Price
$419,950
Sold Price
$410,000
Premium/Discount to List
-$9,950
-2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Original Mortgage
$328,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 10, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.83%
Mortgage Type
New Conventional
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

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
$525,000 Priority Title
$410,000 American Title & Setmnt Agcy
$325,000 Century Title Services Inc
-- 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
Open $400,000
Previous Owner $328,000
Previous Owner $195,000
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 Prior Sale
05/28/2024 05/28/24 Sold $525,000 +5.0% $135 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $499,999 +22.0% $129 / Sq Ft
02/12/2021 02/12/21 Sold $410,000 -2.4% $106 / Sq Ft View Prior Sale
01/11/2021 01/11/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $419,950 -- $108 / 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 $2,696 $457,000 $60,000 $397,000
2024 $2,515 $419,100 $57,500 $361,600
2023 $4,778 $398,200 $55,000 $343,200
2022 $4,549 $379,100 $50,000 $329,100
2021 $4,429 $369,100 $47,500 $321,600
2020 $4,064 $338,700 $47,500 $291,200
2019 $3,965 $330,400 $47,500 $282,900
2018 $3,869 $327,900 $45,000 $282,900
2017 $3,570 $302,500 $45,000 $257,500
2016 $3,570 $302,500 $45,000 $257,500
2015 $3,902 $330,700 $45,000 $285,700
2014 $3,902 $330,700 $45,000 $285,700
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Laura Bachmann

    REAL BROKER LLC - MCLEAN

    (703) 217-1680

    46 Total Sales

    Laura Bachmann
    Section Image

  • B

    Buyer's Agent in 2024

    Brandon Hornby

    NEST REALTY ROANOKE

    (540) 819-0805

    166 Total Sales

    Brandon Hornby
    Section Image

  • J

    Buyer Co-Listing Agent in 2024

    Julia Hornby

    NEST REALTY ROANOKE

    (540) 815-5510

    147 Total Sales

    Julia Hornby
    Section Image
  • Rob Robinson

    Seller's Agent in 2021

    Rob Robinson

    RE/MAX

    (540) 520-3198

    67 Total Sales

    Rob Robinson
    Section Image
  • Doug Trexell

    Buyer's Agent in 2021

    Doug Trexell

    REALTY ONE GROUP LEADING EDGE

    (540) 230-2636

    84 Total Sales

    Doug Trexell
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 905969

Roanoke Valley Association of REALTORS®

APN: 290-1-3.17

Virginia Salem City County Salem 24153

2918 Phillips Brook Ln, 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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