NOT LISTED FOR SALE

333 Red Ln Salem, VA 24153

Estimated Value: $249,000 - $324,000

5 Beds
2 Baths
1,470 Sq Ft
$184/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $130,000 $88 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $1,507/month

27 Days on Market

Highlights

  • No HOA
  • Front Porch
  • Forced Air Heating and Cooling System
  • Cottage
  • 1-Story Property
  • Gentle Sloping Lot

About This Home

As of September 2019

Terrific location adjacent to Roanoke College for investment or personal use. 5 bedrooms and 2 baths, or convert a bedroom into an entry level laundry/mud room for more convenience. Home in safe & livable condition but would benefit greatly from a little TLC & cosmetic updating. Metal roof on original part of house, composite shingles on addition. Updated Electric, Plumbing and HVAC. Easy walk to downtown Salem and Farmers' Market. Super convenient for RC Students. There is laundry currently in the crawlspace. Agent related to Sellers. Home Sold As-Is, Where-Is with right to inspect. Sellers have never lived in property.

Last Agent to Sell the Property

Amber Mason

MKB, REALTORS(r) License #0225226234 Listed on: 07/08/2019

MKB, REALTORS(r)

Last Buyer's Agent

Chris Martin

RE/MAX ALL STARS License #0225233748

RE/MAX ALL STARS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,640

Year Built

  • Built in 1950

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 59x115x60x126
  • Gentle Sloping Lot
  • Property is zoned RSF

Parking

  • On-Street Parking

Home Design

  • Cottage

Interior Spaces

  • 1,470 Sq Ft Home
  • 1-Story Property
  • Basement
  • Dirt Floor
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Front Porch

Schools

  • West 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

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,640

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Heating System: Forced Air Electric, Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Dirt - Partial
  • Major Appliances: Range Electric, Refrigerator
  • Cooling System: Central Cooling, Heat Pump Electric
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 5
  • EntryAboveGrdFin Sq Ft: 1470.00
  • ExteriorDoors: Metal
  • LaundryLaundryLowerLevel: 1
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: 1 Story, Cottage
  • Total Above Grd Fin S Q F T: 1470
  • TotalBdrm: 5
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1470.00
  • Uncovered Parking: Street Parking
  • 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
  • Water Heater Type: Tank

Lot Info

  • Lot Description: Gentle Slope
  • Lot Dimensions: 59x115x60x126
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.16
  • Lot: 1
  • ZoningCode: RSF

Building Info

  • Year Built: 1950

Tax Info

  • Taxes (6 mo): 1640.20

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2019
Closed on
Oct 23, 2019
Sold by
Furrow Robert L
Bought by
All About The Rari Llc
Seller's Agent
Amber Mason
MKB, REALTORS(r)
Buyer's Agent
Chris Martin
RE/MAX ALL STARS
List Price
$130,000
Sold Price
$130,000
Current Estimated Value
$270,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,991
Avg. Annual Appreciation
12.16%
Original Mortgage
$112,000
Outstanding Balance
$74,857
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$196,134

Purchase Details

Listed on
Jul 8, 2019
Closed on
Sep 3, 2019
Sold by
Carter T A and Carter Jeanette W
Bought by
Furrow Robert L
Seller's Agent
Amber Mason
MKB, REALTORS(r)
Buyer's Agent
Chris Martin
RE/MAX ALL STARS
List Price
$130,000
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Outstanding Balance
$74,857
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$196,134
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

Date Buyer Sale Price Title Company
All About The Rari Llc -- Priority Title & Setmnt Llc
Furrow Robert L $130,000 Priority Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open All About The Rari Llc $112,000
Previous Owner Furrow Robert L $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2019 09/03/19 Sold $130,000 0.0% $88 / Sq Ft
08/04/2019 08/04/19 Pending -- -- --
07/08/2019 07/08/19 For Sale $130,000 -- $88 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $1,169 $198,200 $47,900 $150,300
2024 $1,100 $183,400 $46,800 $136,600
2023 $1,990 $165,800 $43,200 $122,600
2022 $1,885 $157,100 $41,400 $115,700
2021 $1,770 $147,500 $39,600 $107,900
2020 $1,871 $155,900 $37,800 $118,100
2019 $1,728 $144,000 $36,000 $108,000
2018 $1,640 $139,000 $32,400 $106,600
2017 $1,624 $137,600 $32,400 $105,200
2016 $1,624 $137,600 $32,400 $105,200
2015 $1,568 $132,900 $32,000 $100,900
2014 $1,568 $132,900 $32,000 $100,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 860997

Roanoke Valley Association of REALTORS®

APN: 87-6-9