NOT LISTED FOR SALE

2925 Phillips Brook Ln Salem, VA 24153

Estimated Value: $517,000 - $576,000

4 Beds
3.5 Baths
3,305 Sq Ft
$164/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $439,000 $133 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,044/month

5 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Breakfast Area or Nook
  • Mountain View
  • Living Room with Fireplace
  • Cul-De-Sac

About This Home

As of March 2022

Tucked away in Salem, this gorgeous house is on a one-street subdivision that has a babbling brook, community playground, & friendly neighbors. Better yet, it's completely move in ready! Enjoy the open concept main level to gather with friends & prepare a delicious holiday meal in your stylish, updated kitchen. Or, fire up the grill on your back deck adjacent to the living area & have an indoor/outdoor party celebrating life. With a massive fully finished basement, you'll have more room to entertain with conveniences like a wet bar, full bath, storage, & cozy fireplace. Retreat upstairs to a spacious master bedroom suite & large bedrooms--including extra space that could double as a play/craft/gaming room. Low maintenance exterior & landscape compliment mountain views & grazing wildlife!

Last Agent to Sell the Property

Hal Cone

LPT REALTY LLC License #0225214037 Listed on: 02/11/2022

LPT REALTY LLC

Last Buyer's Agent

Leslie Epperly

REAL BROKER LLC - MCLEAN License #0225249710

REAL BROKER LLC - MCLEAN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,685

Year Built

  • Built in 2007

Lot Details

  • 10,454 Sq Ft Lot
  • Cul-De-Sac
  • Lot Sloped Up
  • Cleared Lot
  • Property is zoned RSF

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Doors
  • Living Room with Fireplace
  • 2 Fireplaces
  • Mountain Views

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Phillips Brook Subdivision

Listing and Financial Details

  • Tax Lot 7

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,685

Year Built

Built in 2007

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Interior Features: Breakfast Area, Ceiling Fan, Gas Log Fireplace, Walk-in-Closet, Wet Bar
  • Heating System: Heat Pump Gas, Zoned Heat
  • Fireplace(s): Basement, Living Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Disposer, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Deck, Paved Driveway
  • Views: Mountain
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1011.00
  • ExteriorDoors: Insulated, Metal
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • LaundryLaundryUpperLevel: 1
  • LowerBelowGrdFin Sq Ft: 800.00
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 2.00
  • POACondoDues: 300.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: 2 Story, Colonial
  • Total Above Grd Fin S Q F T: 2505
  • TotalBdrm: 4
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3305.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 2.00
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 1494.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cable TV, Cul-de-sac, Paved Road, Underground Util

Lot Info

  • Lot Description: Cleared, Up Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.24
  • Lot: 7
  • ZoningCode: RSF

Building Info

  • Year Built: 2007

Tax Info

  • Taxes (6 mo): 3685.20

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2022
Closed on
Mar 4, 2022
Sold by
Modny Douglas J
Bought by
Denny Dustin M and Lafaye Rachel A
Seller's Agent
Hal Cone
LPT REALTY LLC
Buyer's Agent
Leslie Epperly
REAL BROKER LLC - MCLEAN
List Price
$439,000
Sold Price
$439,000
Current Estimated Value
$543,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,496
Avg. Annual Appreciation
5.67%
Original Mortgage
$351,200
Outstanding Balance
$324,870
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$218,626

Purchase Details

Listed on
Sep 27, 2018
Closed on
Oct 16, 2018
Sold by
King Crystal L
Bought by
Modny Douglas J
Buyer's Agent
Cyndi Fletcher
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN
List Price
$319,999
Sold Price
$310,000
Premium/Discount to List
-$9,999
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.88%
Original Mortgage
$248,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2018
Sold by
King Lloyd Chad and King Crystal L
Bought by
King Crystal L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,239
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2007
Sold by
Tarpley Graham Llc
Bought by
King Lloyd Chad and King Crystal L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,200
Interest Rate
6.21%
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

Date Buyer Sale Price Title Company
Denny Dustin M $439,000 Fidelity National Title
Denny Dustin M $439,000 Fidelity National Title
Modny Douglas J $310,000 Performance Title
King Crystal L -- Title Source Inc
King Lloyd Chad $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Denny Dustin M $351,200
Closed Denny Dustin M $351,200
Previous Owner Modny Douglas J $248,000
Previous Owner King Crystal L $250,239
Previous Owner King Lloyd Chad $258,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2022 03/15/22 Sold $439,000 0.0% $133 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $439,000 +41.6% $133 / Sq Ft
11/01/2018 11/01/18 Sold $310,000 -3.1% $94 / Sq Ft View Prior Sale
10/02/2018 10/02/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $319,999 -- $97 / 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 $2,366 $401,100 $60,000 $341,100
2024 $2,288 $381,400 $57,500 $323,900
2023 $4,327 $360,600 $55,000 $305,600
2022 $3,878 $323,200 $50,000 $273,200
2021 $3,799 $316,600 $47,500 $269,100
2020 $3,685 $307,100 $47,500 $259,600
2019 $3,554 $296,200 $47,500 $248,700
2018 $3,447 $292,100 $45,000 $247,100
2017 $3,413 $289,200 $45,000 $244,200
2016 $3,413 $289,200 $45,000 $244,200
2015 $3,704 $313,900 $45,000 $268,900
2014 $3,704 $313,900 $45,000 $268,900
Source: Public Records

Agents Affiliated with this Home

  • Hal Cone

    Seller's Agent in 2022

    Hal Cone

    LPT REALTY LLC

    (540) 759-4766

    18 in this area

    226 Total Sales

    Hal Cone
    Section Image
  • Leslie Epperly

    Buyer's Agent in 2022

    Leslie Epperly

    REAL BROKER LLC - MCLEAN

    (540) 314-3706

    10 in this area

    69 Total Sales

    Leslie Epperly
    Section Image

  • C

    Buyer's Agent in 2018

    Cyndi Fletcher

    BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

    (540) 589-3084

    4 in this area

    61 Total Sales

    Cyndi Fletcher
    Section Image

  • J

    Buyer Co-Listing Agent in 2018

    Jeffrey Fletcher

    BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

    (540) 589-3083

    3 in this area

    54 Total Sales

    Jeffrey Fletcher
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 886908

Roanoke Valley Association of REALTORS®

APN: 290-1-3.7

Virginia Salem City County Salem 24153

2925 Phillips Brook Ln, Salem, VA

Not Listed for Sale

Detached

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