NOT LISTED FOR SALE

404 Front Ave Salem, VA 24153

Estimated Value: $170,000 - $217,000

3 Beds
1 Bath
1,088 Sq Ft
$183/Sq Ft Est. Value

Last Sold September 28, 2022

Last sale price $180,000 $165 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,133/month

3 Days on Market

Highlights

  • No HOA
  • Cottage
  • Central Air
  • Salem High School Rated A-
  • 1-Story Property
  • Level Lot

About This Home

As of September 2022

Completely remodeled while keeping all its original charm. This 3 bedroom 1 bath has been totally renovated with new AC unit, hot water heater, updated kitchen with stainless appliances, newly finished hardwood floors, and freshly painted inside and out. Enjoy the large patio in the level fenced in backyard with large new storage shed. This home faces the Roanoke River if you like fishing, siting on the bank, or getting your feet wet and is just a short stroll to access miles of trails on the Greenway. Desirable location in the City of Salem with excellent Salem schools. Convenient to Main St., Electric Rd., and Apperson Dr. Driveway long enough for three cars.

Last Agent to Sell the Property

Aaron Smith

MKB, REALTORS(r) License #0225252464 Listed on: 08/25/2022

MKB, REALTORS(r)

Last Buyer's Agent

Bailey Jenkins

NEST REALTY SOUTHSIDE License #0225254825

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,183

Year Built

  • Built in 1950

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

  • Cottage

Interior Spaces

  • 1,088 Sq Ft Home
  • 1-Story Property
  • Insulated Doors
  • Crawl Space
  • Laundry on main level

Kitchen

  • Electric Range
  • Built-In Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • South 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 3 & 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,183

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Dishwasher, Freezer, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1088.00
  • ExteriorDoors: Insulated
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 1088
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2022-08-28
  • Residential Type: Detached
  • Style Of House: 1 Story, Cottage
  • Total Above Grd Fin S Q F T: 1088
  • TotalBdrm: 3
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1088.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

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

Schools

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

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.15
  • Lot: 3 & 4

Building Info

  • Year Built: 1950

Tax Info

  • Taxes (6 mo): 1183.00
  • FILLTAXID: 216-6-7

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2022
Closed on
Sep 26, 2022
Sold by
Reclamation Ventures Llc
Bought by
Jenkins Bailey E and Jenkins Scott A
Seller's Agent
Aaron Smith
MKB, REALTORS(r)
Buyer's Agent
Bailey Jenkins
NEST REALTY SOUTHSIDE
List Price
$174,777
Sold Price
$180,000
Premium/Discount to List
$5,223
2.99%
Current Estimated Value
$198,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,818
Avg. Annual Appreciation
3.38%
Original Mortgage
$171,000
Outstanding Balance
$163,445
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$35,373

Purchase Details

Closed on
Mar 7, 2022
Sold by
Powers Jr Benjamin F
Bought by
Reclamation Ventures Llc
Source: Public Records

Range of Values:

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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
Jenkins Bailey E $180,000 Century Title Services
Reclamation Ventures Llc $87,000 Priority Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jenkins Bailey E $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2022 09/28/22 Sold $180,000 +3.0% $165 / Sq Ft
08/28/2022 08/28/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $174,777 -- $161 / 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
2025 $991 $167,900 $34,300 $133,600
2024 $940 $156,600 $32,700 $123,900
2023 $1,656 $138,000 $30,200 $107,800
2022 $1,204 $100,300 $26,200 $74,100
2021 $1,129 $94,100 $24,900 $69,200
2020 $1,097 $91,400 $24,900 $66,500
2019 $1,049 $87,400 $24,900 $62,500
2018 $1,021 $86,500 $24,900 $61,600
2017 $1,010 $85,600 $24,900 $60,700
2016 $1,033 $87,500 $24,900 $62,600
2015 $946 $80,200 $24,700 $55,500
2014 $946 $80,200 $24,700 $55,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 892420

Roanoke Valley Association of REALTORS®

APN: 216-1-7