$150,000
SOLD NOV 7, 2019

365 Red Ln Unit AB Salem, VA 24153

-- Bed
-- Bath
1,120 Sq Ft
0.25 Acres

Recently Sold

$134 Per Sq Ft

12% Below List Price

15 Days on Market

Highlights

  • No HOA
  • Property is near schools
  • Ceiling Fan
  • Salem High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of November 2019

Investor Alert! Neat duplex within easy walking distance of Roanoke College. Could be an excellent owner/occupant opportunity! Each side offers living room, eat-in-kitchen with range and refrigerator, bedroom, and bath. Nice hardwood floors in living rooms and bedrooms. Replacement windows, gas heat, central air. Maintenance-free exterior and separate utilities for each unit (landlord is responsible for the yard).

Last Agent to Sell the Property

Janie Whitlow

THE REAL ESTATE GROUP License #0225044674 Listed on: 09/20/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,365

Year Built

  • Built in 1960

Home Design

  • Duplex

Interior Spaces

  • 1,120 Sq Ft Home
  • Ceiling Fan
  • Crawl Space

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • 0.25 Acre Lot
  • Property is near schools

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, deposit
  • Tax Lot A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,365

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Central Cooling
  • Internet Access: Cable
  • Major Area: 03 - City of Salem
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2019-10-05
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Association/Amenities

  • Misc Features: Walk to School
  • Amenities Common: Cable TV

Schools

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.25
  • Lot: A
  • Present Use: Built-As

Building Info

  • Year Built: 1960

Tax Info

  • Taxes (6 mo): 1365.00
  • FILLTAXID: 87-6-2

Multi Family

  • Tenant Pays: All Utilities, Cable TV, Deposit
  • Units In Building: 2.00
  • Multi Family Type: Duplex

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
Sep 20, 2019
Closed on
Nov 6, 2019
Sold by
May Ricky A and May Terriann M
Bought by
All About The Rari Llc
Seller's Agent
Janie Whitlow
THE REAL ESTATE GROUP
List Price
$169,950
Sold Price
$150,000
Premium/Discount to List
-$19,950
-11.74%
Current Estimated Value
$233,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,836
Avg. Annual Appreciation
8.35%
Original Mortgage
$120,000
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 3, 2017
Sold by
May Ricky A and May Terriann M
Bought by
May Ricky A and May Terriann M
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $150,000 Fidelity National Ttl Ins Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $365,000 New Conventional
Closed $120,000 Credit Line Revolving
Previous Owner $108,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2019 11/07/19 Sold $150,000 -11.7% $134 / Sq Ft
10/05/2019 10/05/19 Pending -- -- --
09/20/2019 09/20/19 For Sale $169,950 -- $152 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $968 $161,400 $56,100 $105,300
2023 $1,736 $144,700 $51,800 $92,900
2022 $1,646 $137,200 $49,600 $87,600
2021 $1,567 $130,600 $47,500 $83,100
2020 $1,487 $123,900 $45,300 $78,600
2019 $1,376 $114,700 $43,200 $71,500
2018 $1,290 $109,300 $38,800 $70,500
2017 $1,290 $109,300 $38,800 $70,500
2016 $1,290 $109,300 $38,800 $70,500
2015 $1,189 $100,800 $35,000 $65,800
2014 $1,189 $100,800 $35,000 $65,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Janie Whitlow

    THE REAL ESTATE GROUP

    (540) 375-9000

    28 in this area

    82 Total Sales

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 863433

Roanoke Valley Association of REALTORS®

APN: 87-6-2

Virginia Salem City County Salem 24153

365 Red Ln Unit AB, Salem, VA

This home is located at 365 Red Ln Unit AB, Salem, VA 24153 and is currently priced at $150,000, approximately $133 per square foot. This property was built in 1960. 365 Red Ln Unit AB is a home located in Salem City with nearby schools including West Salem Elementary School, Andrew Lewis Middle School, and Salem High School.

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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