NOT LISTED FOR SALE

3317 Forest Ridge Rd Roanoke, VA 24018

Cave Spring Neighborhood

Estimated Value: $172,000 - $195,479

2 Beds
2 Baths
1,027 Sq Ft
1 Acre Lot

Sale Details

Date Sold: May 29, 2025

Last sale price $160,000 $156 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,535 / mo

33 Days on Market

Highlights

  • Mountain View
  • Balcony
  • Rear Porch
  • Penn Forest Elementary School Rated A
  • Skylights
  • Sliding Doors

About This Home

As of May 2025

Cozy 2 Br, 2 BA condo located in desirable Cave Spring/Penn Forest Area. Convenient to all major roadways, restaurants and shopping. Home has Fresh Paint, New Flooring and many additional updates. Enjoy the Maintenance free living with pool access today!

Last Agent to Sell the Property

Adam Stephenson

RE/MAX ALL STARS License #0225242154 Listed on: 04/01/2025

RE/MAX ALL STARS

Co-Listed By

Brandi Stephenson

RE/MAX ALL STARS License #0225269814

Last Buyer's Agent

Tim Thompson

MKB, REALTORS(r) License #0225056345

MKB, REALTORS(r)

Range of Values:

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

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,489

Year Built

  • Built in 1985

Lot Details

  • 1

HOA Fees

  • $367 Monthly HOA Fees

Parking

  • 1 Open Parking Space

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,027 Sq Ft Home
  • Ceiling Fan
  • Skylights
  • Sliding Doors
  • Insulated Doors
  • Living Room with Fireplace
  • Mountain Views
  • Laundry on main level

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Rear Porch

Schools

  • Penn Forest Elementary School
  • Cave Spring Middle School
  • Cave Spring High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Mr I Community Management Association

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,489

Year Built

Built in 1985

Lot Details

1 Acres

HOA Fees

$367 per month

Listing Details

  • Interior Features: Ceiling Fan, Skylight
  • Heating System: Heat Pump Electric
  • Fireplace(s): Living Room
  • Type: Residential
  • Property Subtype 1: Condominium
  • Has Basement: Slab
  • Major Appliances: Dishwasher, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Balcony
  • Views: Mountain
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: Yes
  • EntryAboveGrdFin Sq Ft: 691.00
  • ExteriorDoors: Insulated, Sliding
  • Fireplace Number Fireplaces: 1
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • Major Area: 02 - Roanoke County
  • MasterBedroomsMasterBRUpperLvl: 1
  • Phone Email: 5403667771
  • P O A Condo Contact Name: MR I Community Management
  • POACondoDues: 367.00
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Attached
  • Total Above Grd Fin S Q F T: 1027
  • TotalBdrm: 2
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1027.00
  • UncoveredNumberSpaces: 1.00
  • UpperAboveGrdFin Sq Ft: 336.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Rear Porch

Utilities

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

Association/Amenities

  • Misc Features: Cable TV

Lot Info

  • Property Group Id: 19990816212109142258000000
  • ZoningCode: R3

Building Info

  • Year Built: 1985

Tax Info

  • Taxes (6 mo): 1489.28

MLS Schools

  • Elementary School: Penn Forest
  • HighSchool: Cave Spring
  • Middle School: Cave Spring

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 1, 2025
Closed on
May 14, 2025
Sold by
Bought by
Seller's Agent
Adam Stephenson
RE/MAX ALL STARS
Buyer's Agent
Tim Thompson
MKB, REALTORS(r)
List Price
$179,950
Sold Price
$160,000
Premium/Discount to List
-$19,950
-11.09%
Views
111
Current Estimated Value
$186,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,620
Avg. Annual Appreciation
13.21%

Purchase Details

Closed on
Sep 27, 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
$97,600
Interest Rate
6.62%
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 Cave Spring, VA

  • Stephanie Varney Real Estate Agent - VARNEY REALTY PARTNERS

    Stephanie Varney

    VARNEY REALTY PARTNERS

    (540) 613-5683

    98 Total Sales

    8 in Cave Spring

    $185K - $880K Price Range

    Stephanie Varney
     Section Image
  • Jarrod Hines Real Estate Agent - REAL BROKER LLC - MCLEAN

    Jarrod Hines

    REAL BROKER LLC - MCLEAN

    (540) 831-3727

    107 Total Sales

    3 in Cave Spring

    $280K - $371K Price Range

    Jarrod Hines
     Section Image
  • Tim Thompson Real Estate Agent - MKB, Roanoke

    Tim Thompson

    Responds Quickly

    MKB, Roanoke

    (540) 900-3294

    126 Total Sales

    50 in Cave Spring

    $58K - $875K Price Range

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

    Brenda Bratt

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 590-5011

    229 Total Sales

    2 in Cave Spring

    $254K - $275K Price Range

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

    Tammy Shepherd

    SHEPHERD REALTY GROUP

    (540) 666-6265

    259 Total Sales

    6 in Cave Spring

    $258K - $428K Price Range

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

    Lisa Martin

    LISA & CO., REALTORS(r)

    (540) 592-4413

    110 Total Sales

    1 in Cave Spring

    $330,000 Price

    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
$160,000 Investors Title
$122,000 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
Previous Owner $96,160
Previous Owner $97,600
Previous Owner $30,000
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
05/29/2025 05/29/25 Sold $160,000 -5.9% $156 / Sq Ft
05/04/2025 05/04/25 Pending -- -- --
04/29/2025 04/29/25 Price Changed $169,949 -5.6% $165 / Sq Ft
04/01/2025 04/01/25 For Sale $179,950 -- $175 / 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
2026 $1,742 $169,100 $35,900 $133,200
2025 $1,685 $163,600 $30,800 $132,800
2024 $1,489 $143,200 $24,600 $118,600
2022 $1,248 $114,500 $24,600 $89,900
2021 $1,180 $108,300 $23,600 $84,700
2020 $1,173 $107,600 $23,600 $84,000
2019 $1,153 $105,800 $23,600 $82,200
2018 $1,064 $105,000 $23,600 $81,400
2017 $1,064 $97,600 $23,600 $74,000
2016 $1,062 $97,400 $23,600 $73,800
2015 $1,081 $99,200 $23,600 $75,600
2014 $1,137 $104,300 $23,600 $80,700
Source: Public Records

Agents Affiliated with this Home

  • Adam Stephenson Real Estate Agent - RE/MAX

    Seller's Agent in 2025

    Adam Stephenson

    RE/MAX

    (540) 494-7169

    13 in this area

    234 Total Sales

    Adam Stephenson
    Section Image

  • B

    Seller Co-Listing Agent in 2025

    Brandi Stephenson

    RE/MAX

    (540) 312-6510

    3 in this area

    37 Total Sales

    Brandi Stephenson
    Section Image
  • Tim Thompson Real Estate Agent - MKB, REALTORS(r)

    Buyer's Agent in 2025

    Tim Thompson

    MKB, REALTORS(r)

    (540) 353-7073

    50 in this area

    126 Total Sales

    Tim Thompson
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 915743

Roanoke Valley Association of REALTORS®

APN: 087.10-98-04.00-0002

Virginia Roanoke County Roanoke 24018 Cave Spring

3317 Forest Ridge Rd, Roanoke, 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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