Estimated Value: $239,000 - $290,000
2
Beds
1
Bath
1,351
Sq Ft
$193/Sq Ft
Est. Value
Highlights
- City View
- No HOA
- Patio
- Salem High School Rated A-
- Breakfast Area or Nook
- French Doors
About This Home
As of December 2015Absolutely charming bungalo on Academy Street in Salem! Within walking distance to Roanoke College. Fantastic large rooms, patio, potential for parking in back & huge finished attic big enough for bedroom & office space!
Property Details
Home Type
- Manufactured Home
Est. Annual Taxes
- $1,400
Year Built
- Built in 1930
Lot Details
- 0.28 Acre Lot
- Property fronts a private road
- Level Lot
Property Views
- City
- Mountain
Interior Spaces
- 1,351 Sq Ft Home
- 1.5-Story Property
- French Doors
- Basement
- Dirt Floor
- Laundry on main level
Kitchen
- Breakfast Area or Nook
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms | 1 Main Level Bedroom
- 1 Full Bathroom
Parking
- 4 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Patio
- Outdoor Grill
Schools
- West Salem Elementary School
- Andrew Lewis Middle School
- Salem High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Public Transportation
Listing and Financial Details
- Tax Lot 17
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2015
Closed on
Dec 4, 2015
Sold by
Schmitt Nicolas J and Schmitt Kelsey H
Bought by
Faught Alex R and Faught Heather A
List Price
$154,000
Sold Price
$154,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,218
Avg. Annual Appreciation
5.57%
Original Mortgage
$123,200
Outstanding Balance
$97,759
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$163,460
Purchase Details
Closed on
Jun 24, 2011
Sold by
Reynolds Floyd A and Benson Ann Mcinnis
Bought by
Schmitt Nicolas J and Schmitt Kelsey H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,089
Interest Rate
4.5%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Faught Alex R | $154,000 | None Available | |
| Schmitt Nicolas J | $134,500 | Fidelity National Title Insu |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Faught Alex R | $123,200 | |
| Previous Owner | Schmitt Nicolas J | $131,089 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2015 12/18/15 | Sold | $154,000 | 0.0% | $114 / Sq Ft |
| 10/22/2015 10/22/15 | Pending | -- | -- | -- |
| 09/18/2015 09/18/15 | For Sale | $154,000 | -- | $114 / Sq Ft |
Source: Roanoke Valley Association of REALTORS®
Tax History Compared to Growth
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 | $1,155 | $195,700 | $60,200 | $135,500 |
| 2024 | $1,094 | $182,300 | $58,900 | $123,400 |
| 2023 | $1,934 | $161,200 | $54,400 | $106,800 |
| 2022 | $1,831 | $152,600 | $52,100 | $100,500 |
| 2021 | $1,760 | $146,700 | $49,800 | $96,900 |
| 2020 | $1,704 | $142,000 | $47,600 | $94,400 |
| 2019 | $1,588 | $132,300 | $45,300 | $87,000 |
| 2018 | $1,495 | $126,700 | $40,800 | $85,900 |
| 2017 | $1,482 | $125,600 | $40,800 | $84,800 |
| 2016 | $1,409 | $119,400 | $40,800 | $78,600 |
| 2015 | $1,423 | $120,600 | $34,500 | $86,100 |
| 2014 | $1,423 | $120,600 | $34,500 | $86,100 |
Source: Public Records
Map
Source: Roanoke Valley Association of REALTORS®
MLS Number: 819405
APN: 87-4-7
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