NOT LISTED FOR SALE

3518 Cardinal Dr Salem, VA 24153

Estimated Value: $78,000 - $107,000

3.16 Acres
$29,140 Price per Acre
137,650 Sq Ft Lot

Last Sold April 28, 2023

Last sale price $60,500 $105 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $536/month

36 Days on Market

Highlights

  • Wooded Lot
  • Mason's Cove Elementary School Rated A-
  • Interior Lot

About This Lot

As of April 2023

Private 3.16 Acre building lot but still convenient to employment, shopping, entertainment, etc in Salem and Roanoke cities. Small old house is Structurally compromised. The driveway, the well, and the septic system that serviced the old house are still in place. This is a Fannie Mae HomePath property.

Last Agent to Sell the Property

DENNIS HAWES

Home Realty Buena Vista Listed on: 03/09/2023

Last Buyer's Agent

DENNIS HAWES

Home Realty Buena Vista Listed on: 03/09/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $843

Lot Details

  • 3.16 Acre Lot
  • Property fronts a private road
  • Interior Lot
  • Wooded Lot
  • Property is zoned Agricultural

Schools

  • Masons Cove Elementary School
  • Glenvar Middle School
  • Glenvar High School

Utilities

  • Well
  • Septic System

Community Details

  • Property has a Home Owners Association
  • 3.16 Acre Lot Community

Listing and Financial Details

  • Assessor Parcel Number 015 .02 03 14.00 0000

Property Details

Property Type

Land

Est. Annual Taxes

$843

Lot Details

3.16 Acres

Listing Details

  • ConservationEsmnt: No
  • Directions: Interstate 81 to Exit 141. Follow Catawba Valley Road approximately 4 miles to right turn onto Cardinal Drive. See lot at end of Cardinal Drive.
  • HistoricProperty: No
  • Listing Member Name: Dennis Hawes, NRBA, A*REO
  • Listing Office Short Id: 76
  • Open House Office I D: 20061211170240756529000000
  • Hoa2 Or Poa: Yes
  • Prop. Type: Lots And Land
  • Selling Member Short Id: hawess
  • Subdivision Yn: No
  • Lot Use: Residential
  • Taxes Dollars: 842.57
  • TotalAcresApx: 3.16
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Entry Location: Inside Lot

Exterior Features

  • Road Frontage: Gravel Road, Private Road
  • Street: Cardinal
  • Tax Rate: 1.09
  • Flood Zone: Other (Use Remarks)
  • Topography: Woods

Utilities

  • Sewer: Existing Septic
  • Water: Existing Well

Schools

  • Elementary School: Masons Cove
  • High School: Glenvar
  • Middle School: Glenvar

Lot Info

  • Land Assessment: 36700.00
  • Lot Dimensions: See attached plat
  • Property Name: 3.16 Acre Lot
  • Total Assessment: 77300.00
  • Zoning: Agricultural
  • Lot Type: Building Lot

Tax Info

  • Tax Map Number: 015 .02 03 14.00 0000
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
Apr 28, 2023
Sold by
Mae Fannie
Bought by
Jody Peter
Seller's Agent
DENNIS HAWES
Home Realty Buena Vista
Buyer's Agent
DENNIS HAWES
Home Realty Buena Vista
List Price
$48,900
Sold Price
$60,500
Premium/Discount to List
$11,600
23.72%
Views
1
Current Estimated Value
$92,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,581
Avg. Annual Appreciation
15.47%

Purchase Details

Closed on
Feb 24, 2022
Sold by
Samuel I White Pc
Bought by
Federal National Mortgage Association
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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Purchase History

Date Buyer Sale Price Title Company
Jody Peter $60,500 None Listed On Document
Federal National Mortgage Association $42,528 Samuel I White Pc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2023 04/28/23 Sold $60,500 +23.7% $105 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $48,900 -- $85 / Sq Ft
Source: Rockbridge Highlands 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 $572 $55,500 $40,700 $14,800
2024 $572 $55,000 $40,700 $14,300
2023 $819 $77,300 $36,700 $40,600
2022 $803 $73,700 $36,700 $37,000
2021 $770 $70,600 $36,700 $33,900
2020 $570 $66,600 $34,300 $32,300
2019 $710 $65,100 $38,500 $26,600
2018 $681 $64,900 $38,500 $26,400
2017 $581 $62,500 $38,500 $24,000
2016 $581 $62,300 $38,500 $23,800
2015 $676 $62,000 $38,500 $23,500
2014 $679 $62,300 $38,500 $23,800
Source: Public Records

Agents Affiliated with this Home

  • DENNIS HAWES

    Seller's Agent in 2023

    DENNIS HAWES

    Home Realty Buena Vista

    (540) 461-5263

    112 Total Sales

    DENNIS HAWES
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 137558

APN: 015.02-03-14

Virginia Roanoke County Salem 24153

3518 Cardinal Dr, Salem, VA

Not Listed for Sale

Lots

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