NOT LISTED FOR SALE

422 S Broad St Salem, VA 24153

Salem Area

Estimated Value: $232,000 - $409,755

0.28 Acre
$1,141,746 Price per Acre
12,197 Sq Ft Lot

Sale Details

Date Sold: August 31, 2020

Last sale price $35,000

Est. 813% increase in value since last sale

Current estimated payment $1,931 / mo

12 Days on Market

Highlights

  • No HOA
  • Property is near schools
  • Level Lot

About This Lot

As of August 2020

Undeveloped Buildable lot in City of Salem. 45' wide level lot runs from S. Broad to White Oak, allowing for a large backyard. Easy walk to G.W. Carver Elementary and Andrew Lewis Middle School as well as downtown Salem. There is some flood plain on the back of the lot, but should not interfere with building a home that fronts S. Broad St.

Last Agent to Sell the Property

Amber Mason

MKB, REALTORS(r) License #0225226234 Listed on: 06/24/2020

MKB, REALTORS(r)

Last Buyer's Agent

Dana Berenbaum

MKB, REALTORS(r) License #0225219400

MKB, REALTORS(r)

Range of Values:

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

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Average Value
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List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $392

Lot Details

  • 12,197 Sq Ft Lot
  • Lot Dimensions are 45' x 263'
  • Property fronts a private road
  • Level Lot
  • Property is zoned RSF

Schools

  • G. W. Carver Elementary School
  • Andrew Lewis Middle School
  • Salem High School

Additional Features

  • Property is near schools
  • Mobile Home Allowed
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Dropmore Subdivision

Listing and Financial Details

  • Tax Lot 17

Property Details

Property Type

Land

Est. Annual Taxes

$392

Lot Details

0.28 Acres

Listing Details

  • Type: Land
  • ElectricDescription: Available
  • Land Sub Type: Residential - Single Family
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • SubdivisionMap: Dropmore Addition
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

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

Association/Amenities

  • Misc Features: Cable TV Avail, Walk Dist to School

Lot Info

  • Lot Dimensions: 45' X 263'
  • Property Group Id: 19990816212131825981000000
  • Land Description: Level
  • Total Acreage: 0.28
  • Lot: 17
  • Land Type: Lot
  • ZoningCode: RSF

Tax Info

  • Taxes (6 mo): 392.00

MLS Schools

  • Elementary School: G. W. Carver
  • 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

Listed on
Jun 24, 2020
Closed on
Aug 25, 2020
Sold by
Bought by
Seller's Agent
Amber Mason
MKB, REALTORS(r)
Buyer's Agent
Dana Berenbaum
MKB, REALTORS(r)
List Price
$45,000
Sold Price
$35,000
Premium/Discount to List
-$10,000
-22.22%
Current Estimated Value
$319,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,689
Avg. Annual Appreciation
45.30%

Purchase Details

Closed on
Jan 8, 2018
Sold by
Bought by
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

  • Amanda Patterson Real Estate Agent - VARNEY REALTY PARTNERS

    Amanda Patterson

    VARNEY REALTY PARTNERS

    (540) 452-9637

    55 Total Sales

    2 in Salem

    $265K - $486K Price Range

    Amanda Patterson
     Section Image

  • TH

    Tim Hash

    Responds Quickly

    MOUNTAIN CITY REALTY & AUCTION LLC

    (540) 240-9970

    70 Total Sales

    6 in Salem

    $150K - $340K Price Range

    Tim Hash
     Section Image
  • Christopher Kidd Carter Real Estate Agent - LONG & FOSTER - ROANOKE OFFICE

    Christopher Kidd Carter

    LONG & FOSTER - ROANOKE OFFICE

    (540) 900-1911

    157 Total Sales

    4 in Salem

    $170K - $670K Price Range

    Christopher Kidd Carter
     Section Image
  • Alex Taylor Real Estate Agent - MAC WESTLAND REAL ESTATE GROUP

    Alex Taylor

    MAC WESTLAND REAL ESTATE GROUP

    (540) 792-3330

    129 Total Sales

    3 in Salem

    $156K - $235K Price Range

    Alex Taylor
     Section Image
  • Steven Lee Real Estate Agent - RED KEY REALTY INC

    Steven Lee

    RED KEY REALTY INC

    (540) 900-3554

    59 Total Sales

    2 in Salem

    $215K - $320K Price Range

    Steven Lee
     Section Image
  • Pam Smith Real Estate Agent - MKB, REALTORS(r)

    Pam Smith

    MKB, REALTORS(r)

    (540) 666-6751

    45 Total Sales

    1 in Salem

    $190,000 Price

    Pam Smith
     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
$35,000 Fidelity National Ttl Ins Co
-- 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 $297,500
Closed $260,000
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
08/31/2020 08/31/20 Sold $35,000 -22.2% --
07/06/2020 07/06/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $45,000 -- --
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
2025 $2,084 $353,300 $44,800 $308,500
2024 $2,025 $337,500 $43,600 $293,900
2023 $3,816 $318,000 $40,500 $277,500
2022 $3,574 $297,800 $35,500 $262,300
2021 $392 $32,700 $32,700 $0
2020 $392 $32,700 $32,700 $0
2019 $392 $32,700 $32,700 $0
2018 $386 $32,700 $32,700 $0
2017 $386 $32,700 $32,700 $0
2016 $386 $32,700 $32,700 $0
2015 $260 $22,000 $22,000 $0
2014 $260 $22,000 $22,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Amber Mason Real Estate Agent - MKB, REALTORS(r)

    Seller's Agent in 2020

    Amber Mason

    MKB, REALTORS(r)

    (540) 520-9784

    45 Total Sales

    Amber Mason
    Section Image
  • Dana Berenbaum Real Estate Agent - MKB, REALTORS(r)

    Buyer's Agent in 2020

    Dana Berenbaum

    MKB, REALTORS(r)

    (540) 521-4424

    206 Total Sales

    Dana Berenbaum
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 870685

Roanoke Valley Association of REALTORS®

APN: 145-12-7

Virginia Salem City County Salem 24153

422 S Broad St, Salem, VA

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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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