NOT LISTED FOR SALE

426 Academy St Salem, VA 24153

Estimated Value: $403,938 - $485,000

3 Beds
4 Baths
2,047 Sq Ft
$215/Sq Ft Est. Value

Last Sold February 28, 2012

Last sale price $262,500 $128 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,606/month

292 Days on Market

Highlights

  • On Golf Course
  • No HOA
  • Storage
  • Salem High School Rated A-
  • Fenced Yard
  • Forced Air Heating and Cooling System

About This Home

As of February 2012

COMPLETELY REMODELED HOME ON ONE THE MOST DESIRED STREETS IN SALEM. NEW EVERYTHING, CUSTOM KITCHEN, BEAUTIFUL HW FLOORS, GREAT LOT, NEW PRIVACY FENCE AROUND THE BACK YARD. FULL BASEMENT WITH GARAGE. GREAT HOME IN PERFECT LOCATION.

Last Agent to Sell the Property

Andy Mullins

REALSTAR, REALTORS(r) LLC License #0225090506 Listed on: 01/13/2011

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $2,421

Year Built

  • Built in 1956

Lot Details

  • Lot Dimensions are 60 x 240
  • On Golf Course
  • Fenced Yard
  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,047 Sq Ft Home
  • 1.5-Story Property
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Storage
  • Laundry on main level
  • Golf Course Views
  • Alarm System

Kitchen

  • Built-In Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Covered Space
  • Tuck Under Garage
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 11

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$2,421

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Interior Features: Alarm, Gas Log Fireplace, Storage
  • Heating System: Forced Air Gas
  • Fireplace(s): Family Room
  • Type: Residential
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Range Electric, Wall Oven
  • Cooling System: Central Cooling
  • Outside Features: Borders Golf Course, Fenced Yard
  • Views: Golf Course
  • BedroomsBREntryLevel: 2
  • BedroomsBRUpperLevel: 1
  • EntryAboveGrdFin Sq Ft: 1600.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 2
  • Grand Total Attached S Q F T: 3147
  • HalfBathsHalfBathsLowerLvl: 1
  • HalfBathsHalfBathsUpperLvl: 1
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 1.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Under
  • RatifiedContractDt: 2011-11-01
  • Residential Type: Detached
  • Style Of House: 1.5 Story
  • Total Above Grd Fin S Q F T: 2047
  • TotalBdrm: 3
  • TotalBths: 2.20
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2047.00
  • TotalHBaths: 2
  • TotalUnfin Sq Ft: 1100.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower S Q F T Unfin Old: 1100.00
  • UpperAboveGrdFin Sq Ft: 447.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Schools

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

Lot Info

  • Lot Description: Level Lot
  • Lot Dimensions: 60 X 240
  • Property Group Id: 19990816212109142258000000
  • Lot: 11

Building Info

  • Year Built: 1956

Tax Info

  • Taxes (6 mo): 2421.00
  • FILLTAXID: 70-2-8

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2011
Closed on
Feb 27, 2012
Sold by
Rutledge Adam W and Rutledge Kelly T
Bought by
Desouto Michael S and Desouto Jennifer L
Seller's Agent
Andy Mullins
REALSTAR, REALTORS(r) LLC
List Price
$279,000
Sold Price
$262,500
Premium/Discount to List
-$16,500
-5.91%
Current Estimated Value
$439,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,735
Original Mortgage
$236,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2007
Sold by
Lynch James H and Lynch Hazel Annette B
Bought by
Rutledge Kelly T and Rutledge Adam W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
5.87%
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
Desouto Michael S $262,500 Fidelity National Title Ins
Rutledge Kelly T $225,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desouto Michael S $263,433
Closed Desouto Michael S $264,027
Closed Desouto Michael S $236,000
Previous Owner Rutledge Kelly T $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2012 02/28/12 Sold $262,500 -5.9% $128 / Sq Ft
11/01/2011 11/01/11 Pending -- -- --
01/13/2011 01/13/11 For Sale $279,000 -- $136 / 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
2024 $1,903 $317,200 $64,000 $253,200
2023 $3,529 $294,100 $59,100 $235,000
2022 $3,373 $281,100 $56,600 $224,500
2021 $3,254 $271,200 $54,200 $217,000
2020 $3,112 $259,300 $51,700 $207,600
2019 $2,891 $240,900 $49,300 $191,600
2018 $2,755 $233,500 $44,300 $189,200
2017 $2,727 $231,100 $44,300 $186,800
2016 $2,727 $231,100 $44,300 $186,800
2015 $2,666 $225,900 $39,600 $186,300
2014 $2,666 $225,900 $39,600 $186,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 766396

Roanoke Valley Association of REALTORS®

APN: 70-2-8