NOT LISTED FOR SALE

501 Bowman Ave Salem, VA 24153

Estimated Value: $188,000 - $214,000

3 Beds
1 Bath
1,130 Sq Ft
$177/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $170,000 $150 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,190/month

13 Days on Market

Highlights

  • No HOA
  • Cottage
  • Breakfast Area or Nook
  • Salem High School Rated A-
  • Covered patio or porch
  • Fenced Yard

About This Home

As of August 2022

This totally remodeled cottage in South Salem is situated on a level corner lot and is move in condition.Many updates include: New kitchen with new cabinets, granite counters and tile flooring. The range/oven, microwave oven and refrigerator are included. Hardwood floors and ceramic tile flooring greet you in this cozy, comfortable home. Other updates include recent architectural shingle roof, vinyl siding, replacement windows and a recently updated gas furnace. You can enjoy relaxing on the covered porch and slate patio in the fenced back yard. The detached workshop has electric service and window unit air conditioning. There are 2 storage buildings and swing that stay with the property. The home is in a desirable Salem location near the Greenway. Salem Schools are a plus.

Last Agent to Sell the Property

Egon Hofmann

BARKER REALTY CO License #0225170977 Listed on: 07/08/2022

Last Buyer's Agent

Zachary May

POE & CRONK REAL ESTATE GROUP License #0225244694

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,152

Year Built

  • Built in 1915

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 130 x 49 x 130
  • Fenced Yard
  • Level Lot

Home Design

  • Cottage

Interior Spaces

  • 1,130 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Partial Basement
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Built-In Microwave

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered patio or porch
  • Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 17 & 18

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,152

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Interior Features: Breakfast Area, Ceiling Fan
  • Heating System: Forced Air Gas
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Fenced Yard, Patio, Storage Shed
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1130.00
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 1130
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2022-07-21
  • Residential Type: Detached
  • Style Of House: 1 Story, Cottage
  • SubdivisionMap: Salem Development
  • Total Above Grd Fin S Q F T: 1130
  • TotalBdrm: 3
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1130.00
  • 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: Rear Porch

Utilities

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

Schools

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

Lot Info

  • Lot Description: Level Lot
  • Lot Dimensions: 50 X 130 X 49 X 130
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.14
  • Lot: 17 & 18

Rental Info

  • Tenant: Owner Sometimes

Building Info

  • Year Built: 1915

Tax Info

  • Taxes (6 mo): 1152.00
  • FILLTAXID: 201-5-7

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Aug 19, 2022
Sold by
Vito Marletta Dominic
Bought by
Harvey Family Llc
Seller's Agent
Egon Hofmann
BARKER REALTY CO
Buyer's Agent
Zachary May
POE & CRONK REAL ESTATE GROUP
List Price
$179,500
Sold Price
$170,000
Premium/Discount to List
-$9,500
-5.29%
Current Estimated Value
$204,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,149
Avg. Annual Appreciation
5.69%
Original Mortgage
$127,500
Outstanding Balance
$122,698
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$77,689

Purchase Details

Closed on
May 24, 2022
Sold by
Wayne Wills Wallace and Wayne Gail Sandra
Bought by
Marletta Dominic Vito
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
Harvey Family Llc $170,000 Fidelity National Title
Marletta Dominic Vito $145,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harvey Family Llc $127,500
Previous Owner Willis Wallace Wayne $103,834
Previous Owner Wills Sandra Gail $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2022 08/23/22 Sold $170,000 -5.3% $150 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $179,500 -- $159 / 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 $879 $146,500 $32,700 $113,800
2023 $1,535 $127,900 $30,200 $97,700
2022 $1,152 $96,000 $26,200 $69,800
2021 $1,085 $90,400 $24,900 $65,500
2020 $977 $81,400 $24,900 $56,500
2019 $938 $78,200 $24,900 $53,300
2018 $915 $77,500 $24,900 $52,600
2017 $906 $76,800 $24,900 $51,900
2016 $871 $74,000 $24,900 $49,100
2015 $871 $73,800 $24,700 $49,100
2014 $871 $73,800 $24,700 $49,100
Source: Public Records

Agents Affiliated with this Home

  • Egon Hofmann

    Seller's Agent in 2022

    Egon Hofmann

    BARKER REALTY CO

    (540) 314-1627

    36 in this area

    129 Total Sales

    Section Image
  • Zachary May

    Buyer's Agent in 2022

    Zachary May

    POE & CRONK REAL ESTATE GROUP

    (302) 448-9821

    1 in this area

    4 Total Sales

    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 891120

Roanoke Valley Association of REALTORS®

APN: 201-5-7

Virginia Salem City County Salem 24153

501 Bowman Ave, Salem, VA

This home is located at 501 Bowman Ave, Salem, VA 24153 since 08 July 2022 and is currently estimated at $200,387, approximately $177 per square foot. This property was built in 1915. 501 Bowman Ave is a home located in Salem City with nearby schools including South Salem Elementary School, Andrew Lewis Middle School, and Salem High School.

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.

Nearby Homes