NOT LISTED FOR SALE

405 Front Ave Salem, VA 24153

Estimated Value: $185,000 - $240,000

3 Beds
2 Baths
1,654 Sq Ft
$134/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $166,000 $100 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,244/month

97 Days on Market

Highlights

  • River View
  • No HOA
  • Forced Air Zoned Heating and Cooling System
  • Ranch Style House
  • Covered Patio or Porch
  • Level Lot

About This Home

As of April 2023

This is a great starter home in the City of Salem. Some of the features include:Living Room with Brick Fireplace and Hardwood Floors. The spacious updated kitchen features granite counters, work space island, range/oven and refrigerator, 3 bedrooms and 2 full bathrooms. Very efficient Mini Spit heating and cooling system as well as main level heat pump. The heat pump and water heater were replaced in 2018. The house is much larger that it appears from the street with over 1,600 square feet of living area. You will enjoy the great covered porch for relaxing and entertaining. City of Salem Schools and near the Greenway. The property is Sold in AS IS Condition. Inspections are for information purposes only. The Seller Shall Make No Repairs. No FHA or VA loans

Last Agent to Sell the Property

Egon Hofmann

BARKER REALTY CO License #0225170977 Listed on: 12/11/2022

Last Buyer's Agent

Adam Stephenson

RE/MAX ALL STARS License #0225242154

RE/MAX ALL STARS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,124

Year Built

  • Built in 1950

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 142 x 57 x 115
  • Level Lot

Home Design

  • Ranch Style House

Interior Spaces

  • 1,654 Sq Ft Home
  • River Views
  • Partial Basement
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2 & NW Pt Lt 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,124

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric, Zoned Heat
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Range Electric, Refrigerator
  • Cooling System: Central Cooling, Heat Pump Electric, Zoned Cooling
  • Outside Features: Covered Porch
  • Views: River
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1654.00
  • LaundryLaundryLowerLevel: 1
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubagentAuthorized: No
  • SubdivisionMap: Kelly Hodges Court
  • Total Above Grd Fin S Q F T: 1654
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1654.00
  • TotalUnfin Sq Ft: 300.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 300.00
  • 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: Rear Porch

Utilities

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

Lot Info

  • Lot Description: Level Lot
  • Lot Dimensions: 50 X 142 X 57 X 115
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.15
  • Lot: 2 & NW Pt Lt 1

Rental Info

  • Tenant: John M. Sheffey

Building Info

  • Year Built: 1950

Tax Info

  • Taxes (6 mo): 1124.00

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
Dec 11, 2022
Closed on
Apr 17, 2023
Sold by
Sheffey John A
Bought by
Wray John and Wray Julianne
Seller's Agent
Egon Hofmann
BARKER REALTY CO
Buyer's Agent
Adam Stephenson
RE/MAX ALL STARS
List Price
$169,500
Sold Price
$166,000
Premium/Discount to List
-$3,500
-2.06%
Views
567
Current Estimated Value
$222,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,132
Avg. Annual Appreciation
11.39%
Original Mortgage
$158,770
Outstanding Balance
$142,913
Interest Rate
5.9%
Mortgage Type
FHA
Estimated Equity
$79,219

Purchase Details

Listed on
Feb 19, 2016
Closed on
Apr 5, 2016
Sold by
Mountcastle Susan L
Bought by
Sheffey John A and Sheffey Maria M
List Price
$69,900
Sold Price
$65,500
Premium/Discount to List
-$4,400
-6.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.16%
Original Mortgage
$62,255
Interest Rate
3.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Wray John $166,000 Priority Title
Sheffey John A $65,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wray John $5,703
Closed Wray John $4,354
Open Wray John $158,770
Previous Owner Sheffey John A $62,255
Previous Owner Mountcastle Donald W $11,494
Previous Owner Mountcastle Donald W $106,923
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2023 04/28/23 Sold $166,000 0.0% $100 / Sq Ft
03/18/2023 03/18/23 Pending -- -- --
01/16/2023 01/16/23 Price Changed $166,000 -2.1% $100 / Sq Ft
12/11/2022 12/11/22 For Sale $169,500 +158.8% $102 / Sq Ft
04/22/2016 04/22/16 Sold $65,500 -6.3% $41 / Sq Ft View Prior Sale
02/28/2016 02/28/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $69,900 -- $44 / 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 $998 $169,200 $34,100 $135,100
2024 $948 $158,000 $32,600 $125,400
2023 $1,256 $104,700 $30,100 $74,600
2022 $1,124 $93,700 $26,100 $67,600
2021 $1,066 $88,800 $24,800 $64,000
2020 $1,044 $87,000 $24,800 $62,200
2019 $1,006 $83,800 $24,800 $59,000
2018 $979 $83,000 $24,800 $58,200
2017 $970 $82,200 $24,800 $57,400
2016 $921 $98,300 $24,800 $73,500
2015 $760 $96,800 $24,700 $72,100
2014 $760 $96,800 $24,700 $72,100
Source: Public Records

Agents Affiliated with this Home

  • Egon Hofmann

    Seller's Agent in 2023

    Egon Hofmann

    BARKER REALTY CO

    (540) 314-1627

    36 in this area

    132 Total Sales

    Egon Hofmann
    Section Image
  • Adam Stephenson

    Buyer's Agent in 2023

    Adam Stephenson

    RE/MAX

    (540) 494-7169

    14 in this area

    223 Total Sales

    Adam Stephenson
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 894799

Roanoke Valley Association of REALTORS®

APN: 217-1-3

Virginia Salem City County Salem 24153

405 Front Ave, Salem, VA

Not Listed for Sale

Detached

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