NOT LISTED FOR SALE

425 Union St Salem, VA 24153

Estimated Value: $140,000 - $163,000

2 Beds
1 Bath
720 Sq Ft
$212/Sq Ft Est. Value

Last Sold April 21, 2021

Last sale price $105,000 $146 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $869/month

Highlights

  • No HOA
  • Cottage
  • Level Lot
  • Salem High School Rated A-
  • Front Porch

About This Home

As of April 2021

Move-in ready cottage located in the heart of Salem! Perfect for an investor, first time home buyer or someone looking to downsize with one-level living. Home features oak hardwood floors, ceramic tile and fresh interior paint. Partially fenced in flat backyard. Windows, Architectural Shingle Roof, HVAC all less than 10 years old. Don't miss this opportunity!

Last Agent to Sell the Property

Jen Koll

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN License #0225213334 Listed on: 02/21/2021

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

Last Buyer's Agent

Joe Alls

RE/MAX ALL STARS License #0225244163

RE/MAX ALL STARS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,038

Year Built

  • Built in 1940

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 51 x 134
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Cottage
  • Stucco

Interior Spaces

  • 720 Sq Ft Home
  • Insulated Doors
  • Crawl Space
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Front Porch

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 12

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,038

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 720.00
  • ExteriorDoors: Insulated, Metal
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 720
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2021-02-24
  • Residential Type: Detached
  • Style Of House: Cottage
  • SubagentAuthorized: No
  • SubdivisionMap: 144-5-10
  • Total Above Grd Fin S Q F T: 720
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 720.00
  • Uncovered Parking: Off Street Parking
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch

Utilities

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

Schools

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

Lot Info

  • Lot Description: Level Lot
  • Lot Dimensions: 51 x 134
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.16
  • Lot: 12

Building Info

  • Year Built: 1940

Tax Info

  • Taxes (6 mo): 1038.00
  • FILLTAXID: 144-5-10

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2021
Closed on
Apr 20, 2021
Sold by
Martin Aden J
Bought by
Knapp Rowan Leo and Reese Lorrie Ann
Seller's Agent
Jen Koll
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN
Buyer's Agent
Joe Alls
RE/MAX ALL STARS
List Price
$99,900
Sold Price
$105,000
Premium/Discount to List
$5,100
5.11%
Current Estimated Value
$152,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,461
Avg. Annual Appreciation
8.68%
Original Mortgage
$3,675
Outstanding Balance
$2,158
Interest Rate
2.35%
Mortgage Type
New Conventional
Estimated Equity
$150,303

Purchase Details

Listed on
Aug 9, 2011
Closed on
May 11, 2012
Sold by
Conner George B and Fielder Michael H
Bought by
Martin Aden J
Seller's Agent
Egon Hofmann
BARKER REALTY CO
Buyer's Agent
Tammy Rickman
RICKMAN REALTY LLC
List Price
$79,500
Sold Price
$78,000
Premium/Discount to List
-$1,500
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.38%
Original Mortgage
$78,000
Interest Rate
3.88%
Mortgage Type
New Conventional
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
Knapp Rowan Leo $105,000 Accommodation
Martin Aden J $78,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knapp Rowan Leo $3,675
Open Knapp Rowan Leo $103,098
Previous Owner Martin Aden J $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2021 04/21/21 Sold $105,000 +5.1% $146 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
02/21/2021 02/21/21 For Sale $99,900 +28.1% $139 / Sq Ft
05/14/2012 05/14/12 Sold $78,000 -1.9% $108 / Sq Ft View Prior Sale
03/12/2012 03/12/12 Pending -- -- --
08/09/2011 08/09/11 For Sale $79,500 -- $110 / 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 $760 $128,800 $32,800 $96,000
2024 $701 $116,800 $31,900 $84,900
2023 $1,256 $104,700 $29,600 $75,100
2022 $1,136 $94,700 $26,000 $68,700
2021 $1,038 $86,500 $24,000 $62,500
2020 $1,002 $83,500 $24,000 $59,500
2019 $938 $78,200 $24,000 $54,200
2018 $863 $73,100 $24,000 $49,100
2017 $856 $72,500 $24,000 $48,500
2016 $856 $72,500 $24,000 $48,500
2015 $876 $74,200 $27,000 $47,200
2014 $876 $74,200 $27,000 $47,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 877188

Roanoke Valley Association of REALTORS®

APN: 144-5-10