NOT LISTED FOR SALE

427 Red Ln Salem, VA 24153

Salem Area

Estimated Value: $233,000 - $276,000

3 Beds
2 Baths
1,104 Sq Ft
$230/Sq Ft Est. Value

Sale Details

Date Sold: February 21, 2020

Last sale price $139,000 $126 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $1,452 / mo

69 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Fenced Yard
  • Sun or Florida Room
  • Breakfast Area or Nook
  • Fireplace in Basement

About This Home

As of February 2020

Bring all offers! Updated brick ranch, located near Roanoke College, walking distance to downtown, 3 bedrooms and 1 full bath on main level and second full bath in a walk out basement. Large eat in kitchen, attic for storage, fenced in yard, quaint sun room on ground level. Basement has tall ceiling, fireplace, sq ft to put in a family room and semi finished bedroom.

Last Agent to Sell the Property

Irina Hallacher

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225191711 Listed on: 10/28/2019

Co-Listed By

Alla Scott

COLDWELL BANKER TOWNSIDE, REALTORS(r) License #0225215407

Last Buyer's Agent

Katy Cookston

KW SALEM PROFESSIONALS License #0225226729

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,336

Year Built

  • Built in 1951

Lot Details

  • 8,276 Sq Ft Lot
  • Fenced Yard

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Sun or Florida Room
  • Basement
  • Fireplace in Basement
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Electric Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating System
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,336

Year Built

Built in 1951

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Interior Features: Breakfast Area, Ceiling Fan(s)
  • Heating System: Forced Air Gas
  • Fireplace(s): Basement
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full, Walk-Out Access
  • Major Appliances: Range Electric, Refrigerator
  • Cooling System: Central Air
  • Outside Features: Fenced Yard, Sunroom
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 1074.00
  • FullBathsFullBathsLowerLvl: 1
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 30.00
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 1074
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1104.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.19
  • Lot: 4

Building Info

  • Year Built: 1951

Tax Info

  • Taxes (6 mo): 1336.00

MLS Schools

  • Elementary School: West Salem
  • 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

Closed on
Feb 9, 2021
Sold by
Bought by
Current Estimated Value
$253,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,482
Interest Rate
0.0265%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 28, 2019
Closed on
Feb 18, 2020
Sold by
Bought by
Seller's Agent
Irina Hallacher
WAINWRIGHT & CO., REALTORS(r)- LAKE
Buyer's Agent
Katy Cookston
KW SALEM PROFESSIONALS
List Price
$139,000
Sold Price
$139,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.82%
Original Mortgage
$111,200
Interest Rate
0.036%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 24, 2016
Sold by
Bought by

Purchase Details

Listed on
Jun 25, 2015
Closed on
Sep 15, 2015
Sold by
Bought by
Seller's Agent
William Farmer
INVESTORS REAL ESTATE PARTNERS LLC
Buyer's Agent
Irina Hallacher
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$129,900
Sold Price
$120,000
Premium/Discount to List
-$9,900
-7.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%

Purchase Details

Closed on
Feb 14, 2007
Sold by
Bought by
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

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
$139,000 Century Title Services Inc
$139,000 Century Title Services Inc
-- None Available
$125,200 Fidelity Natl Title 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 $136,482
Previous Owner $111,200
Previous Owner $128,000
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 Prior Sale
02/21/2020 02/21/20 Sold $139,000 0.0% $126 / Sq Ft
01/05/2020 01/05/20 Pending -- -- --
10/28/2019 10/28/19 For Sale $139,000 +15.8% $126 / Sq Ft
09/17/2015 09/17/15 Sold $120,000 -7.6% $112 / Sq Ft View Prior Sale
08/25/2015 08/25/15 Pending -- -- --
06/25/2015 06/25/15 For Sale $129,900 -- $121 / Sq Ft
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 $1,270 $215,200 $51,200 $164,000
2024 $1,153 $192,200 $50,000 $142,200
2023 $2,054 $171,200 $46,200 $125,000
2022 $1,910 $159,200 $44,300 $114,900
2021 $1,788 $149,000 $42,300 $106,700
2020 $1,730 $144,200 $40,400 $103,800
2019 $1,602 $133,500 $38,500 $95,000
2018 $1,517 $128,600 $34,600 $94,000
2017 $1,496 $126,800 $34,600 $92,200
2016 $1,384 $117,300 $34,600 $82,700
2015 $1,477 $125,200 $32,500 $92,700
2014 $1,477 $125,200 $32,500 $92,700
Source: Public Records

Agents Affiliated with this Home

  • Irina Hallacher

    Seller's Agent in 2020

    Irina Hallacher

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 521-9943

    198 Total Sales

    Irina Hallacher
    Section Image
  • Alla Scott

    Seller Co-Listing Agent in 2020

    Alla Scott

    COLDWELL BANKER TOWNSIDE, REALTORS(r)

    (540) 814-1883

    178 Total Sales

    Alla Scott
    Section Image
  • Katy Cookston

    Buyer's Agent in 2020

    Katy Cookston

    KW SALEM PROFESSIONALS

    (540) 520-8402

    211 Total Sales

    Katy Cookston
    Section Image
  • William Farmer

    Seller's Agent in 2015

    William Farmer

    INVESTORS REAL ESTATE PARTNERS LLC

    (540) 739-4446

    1 Total Sale

    William Farmer
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 864445

Roanoke Valley Association of REALTORS®

APN: 70-5-5

Virginia Salem City County Salem 24153

427 Red Ln, Salem, VA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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