NOT LISTED FOR SALE

427 N Market St Salem, VA 24153

Estimated Value: $508,000 - $574,000

4 Beds
2.5 Baths
2,741 Sq Ft
$199/Sq Ft Est. Value

Last Sold October 20, 2022

Last sale price $475,000 $173 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,190/month

5 Days on Market

Highlights

  • Deck
  • No HOA
  • Central Air
  • Salem High School Rated A-
  • Front Porch
  • Ceiling Fan

About This Home

As of October 2022

Charming, historical home in a desirable location. This four bedroom, two and half bath house has been completely updated. The entry level offers an open concept kitchen and living room. In addition, the entry level has a dining room, bonus room, family room, half bath and master suite. The master suite has a walk in closet and bathroom with double sinks and tiled shower. Upstairs there is a hall bath and three additional bedrooms. Two of these bedrooms have walk in closet. Both the entry level and upper level has an option for laundry, giving this house to option of one floor living. Walk to Roanoke College and the businesses and restaurants in downtown Salem. Relax on the composite back deck overlooking the flat lot that backs onto Red Lane.

Last Agent to Sell the Property

Chelsea Dyer

FIRST CHOICE REAL ESTATE LLC License #0225201612 Listed on: 09/16/2022

Last Buyer's Agent

Sarah Bernard

COLDWELL BANKER TOWNSIDE, REALTORS(r) License #0225308884

COLDWELL BANKER TOWNSIDE, REALTORS(r)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,376

Year Built

  • Built in 1922

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 78x150
  • Level Lot
  • Cleared Lot

Interior Spaces

  • 2,741 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Partial Basement
  • Laundry on main level

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Outdoor Features

  • Deck
  • Front Porch

Schools

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

Utilities

  • Central Air
  • Radiator
  • Baseboard Heating
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 9 & N 14 FT LT 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,376

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Masonry Fireplace
  • Heating System: Baseboard Electric, Radiator Gas Heat
  • Fireplace(s): Living Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Dishwasher, Microwave Oven (Built In), Range Electric, Range Hood, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Deck, Paved Driveway
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • BedroomsBRUpperLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1713.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 2741
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryUpperLevel: 1
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2022-09-21
  • Residential Type: Detached
  • Style Of House: 1.5 Story
  • Total Above Grd Fin S Q F T: 2741
  • TotalBdrm: 4
  • TotalBths: 2.10
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2741.00
  • TotalHBaths: 1
  • UpperAboveGrdFin Sq Ft: 1028.00
  • Water Class: N/A
  • Water Htr Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Rear Porch

Utilities

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

Schools

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

Lot Info

  • Lot Description: Cleared, Level Lot
  • Lot Dimensions: 78x150
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.27
  • Lot: 9 & N 14 FT LT 8

Building Info

  • Year Built: 1922

Tax Info

  • Taxes (6 mo): 3376.00
  • FILLTAXID: 71-1-3

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
Sep 16, 2022
Closed on
Oct 12, 2022
Sold by
Bear Cub And Sissy Llc
Bought by
Massengill Evan B
Seller's Agent
Chelsea Dyer
FIRST CHOICE REAL ESTATE LLC
Buyer's Agent
Sarah Bernard
COLDWELL BANKER TOWNSIDE, REALTORS(r)
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%
Current Estimated Value
$544,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,232
Avg. Annual Appreciation
4.96%
Original Mortgage
$350,000
Outstanding Balance
$338,530
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$205,702

Purchase Details

Listed on
Jun 10, 2021
Closed on
Dec 2, 2021
Sold by
Downing Paul N
Bought by
Bear Cub And Sissy Llc
Seller's Agent
David Barker
BARKER REALTY CO
Buyer's Agent
Chelsea Dyer
FIRST CHOICE REAL ESTATE LLC
List Price
$254,375
Sold Price
$215,000
Premium/Discount to List
-$39,375
-15.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
148.71%

Purchase Details

Closed on
Mar 6, 2012
Sold by
Hofsess Marie N and Hofsess Marie A
Bought by
The Trustees Of Roanoke College
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Massengill Evan B $475,000 Acquisition Title
Bear Cub And Sissy Llc $215,000 Fidelity National Title
The Trustees Of Roanoke College -- Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massengill Evan B $350,000
Previous Owner Downing Joan N $154,800
Previous Owner Downing Joan N $161,000
Previous Owner Downing Joan N $184,582
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Sold $475,000 -4.8% $173 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
09/16/2022 09/16/22 For Sale $499,000 +132.1% $182 / Sq Ft
12/07/2021 12/07/21 Sold $215,000 -15.5% $78 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $254,375 -- $93 / 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 $2,534 $422,300 $58,200 $364,100
2023 $4,716 $393,000 $53,800 $339,200
2022 $4,537 $378,100 $51,500 $326,600
2021 $3,376 $281,300 $49,300 $232,000
2020 $3,271 $272,600 $47,000 $225,600
2019 $3,044 $253,700 $44,800 $208,900
2018 $2,616 $221,700 $40,300 $181,400
2017 $2,588 $219,300 $40,300 $179,000
2016 $2,588 $219,300 $40,300 $179,000
2015 $2,513 $213,000 $43,100 $169,900
2014 $2,513 $213,000 $43,100 $169,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 893039

Roanoke Valley Association of REALTORS®

APN: 71-1-3