NOT LISTED FOR SALE

475 Electric Rd Salem, VA 24153

Estimated Value: $1,049,429

Studio
1 Bath
5,452 Sq Ft
$192/Sq Ft Est. Value

About This Home

This home is located at 475 Electric Rd, Salem, VA 24153 and is currently estimated at $1,049,429, approximately $192 per square foot. 475 Electric Rd is a home located in Salem City with nearby schools including East Salem Elementary School, Andrew Lewis Middle School, and Salem High School.

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
May 19, 2026
Sold by
Bought by
Current Estimated Value
$1,049,429

Purchase Details

Closed on
Jul 23, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

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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.

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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.

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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.

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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
$3,000,000 Fidelity National Title
$650,000 Fidelity National Title Ins
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
Previous Owner $500,000
Source: Public Records

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 $5,338 $904,700 $616,800 $287,900
2024 $5,157 $859,500 $590,000 $269,500
2023 $9,568 $797,300 $536,300 $261,000
2022 $8,725 $727,100 $468,800 $258,300
2021 $8,158 $679,800 $441,900 $237,900
2020 $7,862 $655,200 $441,900 $213,300
2019 $7,357 $613,100 $441,900 $171,200
2018 $6,602 $559,500 $388,300 $171,200
2017 $6,189 $524,500 $353,300 $171,200
2016 $6,094 $516,400 $345,200 $171,200
2015 $6,094 $516,400 $345,200 $171,200
2014 $6,094 $516,400 $345,200 $171,200
Source: Public Records

Map

Virginia Salem City County Salem 24153

475 Electric Rd, Salem, VA

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