NOT LISTED FOR SALE

401 Front Ave Salem, VA 24153

Salem Area

Estimated Value: $217,000 - $273,631

3 Beds
2 Baths
1,748 Sq Ft
$144/Sq Ft Est. Value

Sale Details

Date Sold: September 3, 2019

Last sale price $110,000 $63 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $1,577 / mo

33 Days on Market

About This Home

As of September 2019

Investment opportunity in Salem. Great location, convenient access to the Roanoke River Greenway. New roof and HVAC in 2014. Two BR unit currently leased for $795.00/month. One BR unit currently leased for $560.00 / per month.

Last Agent to Sell the Property

Jen Koll

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN License #0225213334 Listed on: 07/02/2019

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN

Last Buyer's Agent

SEAN P TURK

RE/MAX ALL STARS License #0225185117

RE/MAX ALL STARS

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 1920

Lot Details

  • 14,375 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 1,748 Sq Ft Home
  • Crawl Space

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, deposit, electricity
  • Tax Lot 1

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,330

Year Built

Built in 1920

Lot Details

0.33 Acres

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Heat Pump Electric
  • Major Area: 03 - City of Salem
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 2.00
  • Hoa2 Or Poa: No
  • Water Class: N/A
  • Water Heater Energy: Electric
  • 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
  • Water Heater Type: Tank

Lot Info

  • Lot Dimensions: 0.33 Acre
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.33
  • Lot: 1

Building Info

  • Year Built: 1920

Tax Info

  • Taxes (6 mo): 1330.00

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Cable TV, Deposit, Electricity
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2019
Sold by
Turk Holdings Llc
Bought by
Current Estimated Value
$251,908

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
$70,749
Interest Rate
3.6%
Mortgage Type
Stand Alone Second
Estimated Equity
$181,159

Purchase Details

Listed on
Jul 2, 2019
Closed on
Aug 21, 2019
Sold by
Doane Dennis
Bought by
Turk Holdings Llc
Seller's Agent
Jen Koll
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN
Buyer's Agent
SEAN P TURK
RE/MAX ALL STARS
List Price
$124,900
Sold Price
$110,000
Premium/Discount to List
-$14,900
-11.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.55%
Original Mortgage
$88,000
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 23, 2013
Sold by
Ayers George Allen and Ayers Sheila Cox
Bought by
Secretary Of Hud
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Salem, VA

  • Daniel Bennett Real Estate Agent - eXp Realty - Blacksburg

    Daniel Bennett

    eXp Realty - Blacksburg

    (540) 900-2938

    113 Total Sales

    8 in Salem

    $140K - $455K Price Range

    Daniel Bennett
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  • Judy Hillman Real Estate Agent - LONG & FOSTER - ROANOKE OFFICE

    Judy Hillman

    LONG & FOSTER - ROANOKE OFFICE

    (540) 900-2923

    86 Total Sales

    3 in Salem

    $235K - $330K Price Range

    Judy Hillman
     Section Image
  • Marlee Russell Real Estate Agent - Nest Realty Roanoke

    Marlee Russell

    Nest Realty Roanoke

    (540) 699-1764

    85 Total Sales

    2 in Salem

    $290K - $414K Price Range

    Marlee Russell
     Section Image
  • Stephanie Varney Real Estate Agent - VARNEY REALTY PARTNERS

    Stephanie Varney

    VARNEY REALTY PARTNERS

    (540) 613-5683

    51 Total Sales

    3 in Salem

    $46K - $230K Price Range

    Stephanie Varney
     Section Image
  • Tim Thompson Real Estate Agent - MKB, Roanoke

    Tim Thompson

    MKB, Roanoke

    (540) 900-3294

    123 Total Sales

    9 in Salem

    $163K - $503K Price Range

    Tim Thompson
     Section Image
  • Brenda Bratt Real Estate Agent - WAINWRIGHT & CO., REALTORS®- LAKE

    Brenda Bratt

    WAINWRIGHT & CO., REALTORS®- LAKE

    (540) 590-5011

    162 Total Sales

    3 in Salem

    $220K - $495K Price Range

    Brenda Bratt
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$140,000 Priority Title & Settlement
Turk Holdings Llc $110,000 First Choice Title & Setmnt
Secretary Of Hud $84,597 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $112,000
Previous Owner Turk Holdings Llc $88,000
Previous Owner Ayers George Allen $24,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/03/2019 09/03/19 Sold $110,000 -11.9% $63 / Sq Ft
08/04/2019 08/04/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $124,900 +13.5% $71 / Sq Ft
04/30/2015 04/30/15 Sold $110,000 -8.3% $63 / Sq Ft View Prior Sale
04/08/2015 04/08/15 Pending -- -- --
12/18/2014 12/18/14 For Sale $119,950 +138.2% $69 / Sq Ft
02/18/2014 02/18/14 Sold $50,350 -11.7% $29 / Sq Ft View Prior Sale
01/16/2014 01/16/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $57,000 -- $33 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,242 $193,300 $40,700 $152,600
2025 $1,060 $179,600 $36,400 $143,200
2024 $994 $165,700 $34,800 $130,900
2023 $1,741 $145,100 $32,100 $113,000
2022 $1,572 $131,000 $27,800 $103,200
2021 $1,523 $126,900 $26,500 $100,400
2020 $1,384 $115,300 $26,500 $88,800
2019 $1,352 $112,700 $26,500 $86,200
2018 $1,323 $112,100 $26,500 $85,600
2017 $1,307 $110,800 $26,500 $84,300
2016 $1,297 $109,900 $26,500 $83,400
2015 $1,165 $98,700 $26,000 $72,700
2014 $1,165 $98,700 $26,000 $72,700
Source: Public Records

Agents Affiliated with this Home

  • JK

    Seller's Agent in 2019

    Jen Koll

    BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN

    (540) 765-7193

    36 Total Sales

    Jen Koll
    Section Image
  • SEAN P TURK Real Estate Agent - RE/MAX

    Buyer's Agent in 2019

    SEAN P TURK

    RE/MAX

    (540) 992-2525

    60 Total Sales

    SEAN P TURK
    Section Image

  • ST

    Buyer's Agent in 2019

    SEAN TURK

    THE REAL ESTATE GROUP

  • Rick Payne Real Estate Agent - MKB, REALTORS®

    Seller's Agent in 2015

    Rick Payne

    MKB, REALTORS®

    (540) 793-0442

    84 Total Sales

    Rick Payne
    Section Image
  • Lloyd Dyson Real Estate Agent - RE/MAX

    Buyer's Agent in 2015

    Lloyd Dyson

    RE/MAX

    4 Total Sales

    Lloyd Dyson
    Section Image

  • BH

    Seller's Agent in 2014

    Bonnie Hall

    GRACIOUS LIVING REALTY

    (540) 309-7565

    67 Total Sales

    Bonnie Hall
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 860872

Roanoke Valley Association of REALTORS®

APN: 217-1-4

Virginia Salem City County Salem 24153

401 Front Ave, Salem, VA

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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