NOT LISTED FOR SALE

301 Reserve Ave SW Roanoke, VA 24016

South Roanoke Neighborhood

Estimated Value: $27,337,624

-- Bed
-- Bath
110,546 Sq Ft
$247/Sq Ft Est. Value

About This Home

This home is located at 301 Reserve Ave SW, Roanoke, VA 24016 and is currently estimated at $27,337,624, approximately $247 per square foot. 301 Reserve Ave SW is a home located in Roanoke City with nearby schools including Highland Park Elementary School, James Madison Middle School, and Patrick Henry High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2023
Sold by
Justin Roanoke Hotel Llc
Bought by
Roanoke Hospitality Llc
Current Estimated Value
$27,337,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000,000
Outstanding Balance
$18,403,507
Interest Rate
6.13%
Estimated Equity
$8,946,398

Purchase Details

Closed on
Jan 17, 2017
Sold by
Roanoke Hotel Group Llc
Bought by
Justin Roanoke Hotel Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,232,000
Interest Rate
4.16%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 30, 2010
Sold by
Roanoke Hotel Group Llc
Bought by
Roanoke Land Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,048,442
Interest Rate
5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 26, 2008
Sold by
City Of Roanoke Virginia
Bought by
The Laws Of The Commonwealth
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Roanoke Hospitality Llc $21,600,000 None Listed On Document
Justin Roanoke Hotel Llc $11,850,000 Chicago Title Insurance Comp
Roanoke Land Development Llc -- None Available
The Laws Of The Commonwealth -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roanoke Hospitality Llc $19,000,000
Closed Roanoke Hospitality Llc $19,000,000
Previous Owner Justin Roanoke Hotel Llc $10,232,000
Previous Owner Roanoke Land Development Llc $2,048,442
Source: Public Records

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 $196,039 $14,653,700 $1,512,800 $13,140,900
2024 $196,039 $14,396,000 $1,512,800 $12,883,200
2023 $192,457 $13,015,700 $1,512,800 $11,502,900
2022 $173,735 $13,015,700 $1,512,800 $11,502,900
2021 $158,792 $13,015,700 $1,512,800 $11,502,900
2020 $186,569 $14,008,800 $1,512,800 $12,496,000
2019 $177,833 $13,347,000 $1,273,600 $12,073,400
2018 $161,750 $12,132,700 $1,046,000 $11,086,700
2017 $158,604 $11,894,400 $1,046,000 $10,848,400
2016 $147,650 $11,064,500 $1,046,000 $10,018,500
2015 $135,935 $10,537,600 $959,000 $9,578,600
2014 $135,935 $10,537,600 $959,000 $9,578,600
Source: Public Records

Map

Virginia Roanoke City County Roanoke 24016 South Roanoke

301 Reserve Ave SW, Roanoke, VA

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