NOT LISTED FOR SALE

311 Homeplace Dr Salem, VA 24153

Salem Area

Estimated Value: $572,000 - $647,000

4 Beds
3.5 Baths
3,336 Sq Ft
$179/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2024

Last sale price $551,000 $165 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,497 / mo

3 Days on Market

Highlights

  • City View
  • Colonial Architecture
  • Covered Patio or Porch
  • 0.76 Acre Lot
  • Family Room with Fireplace
  • Balcony

About This Home

As of May 2024

This Salem Colonial with amazing mountain and city views has everything you could ask. Four large bedrooms and 3 and 1/2 baths with a custom dine in kitchen, which is open to a large family room with built-ins and gas fireplace. Kitchen features stainless steel appliances which includes gas range and solid surface countertops with bar sitting and breakfast nook. Great for entertaining/hosting all your family and friends. The downstairs has a media room with custom wood trim and cabinets with wet bar and wine cooler. A full bath with custom tile and steam/sauna to relax after a busy day. Two car garage downstairs with tons of storage as well as storage room on backside of the house. The primary bedroom has its own balcony, perfect for your morning coffee and quite time. MUST SEE!!

Last Agent to Sell the Property

Sharon Smith

RE/MAX REAL ESTATE ONE License #0225086492 Listed on: 04/16/2024

RE/MAX REAL ESTATE ONE

Last Buyer's Agent

Teresa Guzman

LONG & FOSTER - ROANOKE OFFICE License #0225212034

LONG & FOSTER - ROANOKE  OFFICE

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,758

Year Built

  • Built in 1990

Lot Details

  • 33,106 Sq Ft Lot
  • Cleared Lot

Property Views

  • City
  • Mountain

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Recreation Room with Fireplace
  • Storage

Kitchen

  • Gas Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 2 Car Garage
  • Tuck Under Garage
  • Garage Door Opener

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater

Community Details

  • Property has a Home Owners Association
  • Neil Richey Association
  • Homeplace Subdivision

Listing and Financial Details

  • Tax Lot 9

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,758

Year Built

Built in 1990

Lot Details

0.76 Acres

Listing Details

  • Interior Features: Ceiling Fan, Gas Log Fireplace, Storage, Walk-in-Closet
  • Heating System: Forced Air Gas, Zoned Heat
  • Fireplace(s): Family Room, Recreation Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full Basement
  • Major Appliances: Dishwasher, Disposer, Garage Door Opener, Microwave Oven (Built In), Range Gas, Refrigerator, Sump Pump
  • Cooling System: Central Cooling
  • Outside Features: Balcony, Covered Porch, Paved Driveway
  • Views: City, Mountain
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1520.00
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryUpperLevel: 1
  • LowerBelowGrdFin Sq Ft: 658.00
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Phone Email: 540-797-4333
  • P O A Condo Contact Name: Neil Richey
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Under
  • Residential Type: Detached
  • Style Of House: Colonial
  • Total Above Grd Fin S Q F T: 2678
  • TotalBdrm: 4
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3336.00
  • TotalHBaths: 1
  • UpperAboveGrdFin Sq Ft: 1158.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Association/Amenities

  • Misc Features: Maint-Free Exterior, Paved Road

Lot Info

  • Lot Description: Cleared, Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.76
  • Lot: 9

Building Info

  • Year Built: 1990

Tax Info

  • Taxes (6 mo): 4758.00

MLS Schools

  • Elementary School: East 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
Apr 16, 2024
Closed on
May 15, 2024
Sold by
Bought by
Seller's Agent
Sharon Smith
RE/MAX REAL ESTATE ONE
Buyer's Agent
Teresa Guzman
LONG & FOSTER - ROANOKE OFFICE
List Price
$539,900
Sold Price
$551,000
Premium/Discount to List
$11,100
2.06%
Views
42
Current Estimated Value
$596,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,616
Avg. Annual Appreciation
3.60%
Original Mortgage
$440,800
Outstanding Balance
$430,886
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$165,730

Purchase Details

Listed on
Feb 26, 2020
Closed on
Apr 10, 2020
Sold by
Bought by
Seller's Agent
Dana Berenbaum
MKB, REALTORS(r)
Buyer's Agent
Sharon Smith
RE/MAX REAL ESTATE ONE
List Price
$415,000
Sold Price
$406,500
Premium/Discount to List
-$8,500
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%
Original Mortgage
$386,175
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2015
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
$95,000
Interest Rate
3.83%
Mortgage Type
New Conventional
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

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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
$551,000 Sage Title
$406,500 First Choice Title & Setmnt
$395,000 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 $440,800
Previous Owner $386,175
Previous Owner $95,000
Previous Owner $256,000
Previous Owner $227,850
Previous Owner $40,000
Previous Owner $242,000
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
05/23/2024 05/23/24 Sold $551,000 +2.1% $165 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/16/2024 04/16/24 For Sale $539,900 +32.8% $162 / Sq Ft
04/30/2020 04/30/20 Sold $406,500 -2.0% $122 / Sq Ft View Prior Sale
03/08/2020 03/08/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $415,000 +5.1% $124 / Sq Ft
07/01/2015 07/01/15 Sold $395,000 0.0% $114 / Sq Ft View Prior Sale
03/30/2015 03/30/15 Pending -- -- --
03/27/2015 03/27/15 For Sale $395,000 -- $114 / 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 $2,692 $456,300 $57,200 $399,100
2024 $2,573 $428,800 $52,000 $376,800
2023 $4,758 $396,500 $47,500 $349,000
2022 $4,535 $377,900 $45,200 $332,700
2021 $4,457 $371,400 $43,000 $328,400
2020 $4,261 $355,100 $43,000 $312,100
2019 $4,261 $355,100 $43,000 $312,100
2018 $4,158 $352,400 $40,700 $311,700
2017 $4,116 $348,800 $40,700 $308,100
2016 $4,116 $348,800 $40,700 $308,100
2015 $3,447 $292,100 $45,000 $247,100
2014 $3,447 $292,100 $45,000 $247,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 906704

Roanoke Valley Association of REALTORS®

APN: 262-5-3

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