NOT LISTED FOR SALE

349 Red Ln Salem, VA 24153

Estimated Value: $260,000 - $276,000

3 Beds
1.5 Baths
1,360 Sq Ft
$194/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $205,000 $151 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,453/month

28 Days on Market

Highlights

  • Deck
  • No HOA
  • Breakfast Area or Nook
  • Ranch Style House
  • Covered Patio or Porch
  • 4 Car Detached Garage

About This Home

As of May 2022

Location, location, location! This 3 bedroom 1 1/2 bath home is walking distance to Roanoke College and has been recently updated with refinished HW floors, updated bathroom, updated kitchen with brand new appliances, new carpet, and painted throughout. Off-street parking with detached 2 car garage and carport. Great single-family home or investment property.

Last Agent to Sell the Property

Rachele Hunley

POE & CRONK REAL ESTATE GROUP License #0225071327 Listed on: 04/01/2022

Last Buyer's Agent

Angel Lane

WAINWRIGHT & CO., REALTORS(r) License #0225096830

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,870

Year Built

  • Built in 1950

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Home Design

  • Ranch Style House

Interior Spaces

  • Partially Finished Basement
  • Walk-Out Basement
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 4 Car Detached Garage
  • 1 Open Parking Space
  • Detached Carport Space
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,870

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Interior Features: Breakfast Area
  • Heating System: Heat Pump Electric
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Partial
  • Major Appliances: Dishwasher, Range Electric, Refrigerator
  • Cooling System: Central Cooling, Heat Pump Electric
  • Outside Features: Covered Porch, Deck, Paved Driveway
  • AddlCoveredPrkng: Carport Detached
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 960.00
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 400.00
  • Major Area: 03 - City of Salem
  • NumberAddCovSpaces: 2.00
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 960
  • TotalBdrm: 3
  • TotalBths: 1.10
  • TotalCovdPrkSpc: 4.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1360.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 560.00
  • UncoveredNumberSpaces: 1.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 560.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

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

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.22
  • Lot: 4

Building Info

  • Year Built: 1950

Tax Info

  • Taxes (6 mo): 1870.30

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
Apr 1, 2022
Closed on
May 31, 2022
Sold by
Voo Dakk Llc
Bought by
Infinity Investment Properties Llc
Seller's Agent
Rachele Hunley
POE & CRONK REAL ESTATE GROUP
Buyer's Agent
Angel Lane
WAINWRIGHT & CO., REALTORS(r)
List Price
$215,000
Sold Price
$205,000
Premium/Discount to List
-$10,000
-4.65%
Current Estimated Value
$257,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,754
Avg. Annual Appreciation
7.18%
Original Mortgage
$164,000
Outstanding Balance
$155,814
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$108,452

Purchase Details

Listed on
Apr 9, 2018
Closed on
Apr 27, 2018
Sold by
Thacker Jeffrey C
Bought by
Voo Dakk Llc
Seller's Agent
Peter Ostaseski
POE & CRONK REAL ESTATE GROUP
Buyer's Agent
Rachele Hunley
POE & CRONK REAL ESTATE GROUP
List Price
$124,500
Sold Price
$105,000
Premium/Discount to List
-$19,500
-15.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.96%
Original Mortgage
$89,250
Interest Rate
4.44%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Feb 21, 2014
Closed on
Mar 11, 2014
Sold by
Branch Banking And Trust Co
Bought by
Thacker Jeffrey C
Seller's Agent
Kathy Chandler
MKB, REALTORS(r)
List Price
$49,000
Sold Price
$47,000
Premium/Discount to List
-$2,000
-4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.32%
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
Infinity Investment Properties Llc $205,000 Fidelity National Title
Voo Dakk Llc $105,000 Performance Title & Settleme
Thacker Jeffrey C $47,000 Century Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Infinity Investment Properties Llc $164,000
Previous Owner Voo Dakk Llc $89,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2022 05/31/22 Sold $205,000 -4.7% $151 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $215,000 +104.8% $158 / Sq Ft
05/14/2018 05/14/18 Sold $105,000 -15.7% $45 / Sq Ft View Prior Sale
04/09/2018 04/09/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $124,500 +164.9% $54 / Sq Ft
03/17/2014 03/17/14 Sold $47,000 -4.1% $49 / Sq Ft View Prior Sale
02/28/2014 02/28/14 Pending -- -- --
02/21/2014 02/21/14 For Sale $49,000 -- $51 / 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 $1,349 $228,600 $54,200 $174,400
2024 $1,287 $214,500 $53,000 $161,500
2023 $2,324 $193,700 $48,900 $144,800
2022 $1,902 $158,500 $46,900 $111,600
2021 $1,789 $149,100 $44,800 $104,300
2020 $1,726 $143,800 $42,800 $101,000
2019 $1,612 $134,300 $40,800 $93,500
2018 $1,389 $117,700 $36,700 $81,000
2017 $1,378 $116,800 $36,700 $80,100
2016 $1,384 $117,300 $36,700 $80,600
2015 $689 $116,700 $33,000 $83,700
2014 $689 $116,700 $33,000 $83,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 888177

Roanoke Valley Association of REALTORS®

APN: 87-6-6