NOT LISTED FOR SALE

501 Bowman Ave Salem, VA 24153

Salem Area

Estimated Value: $203,000 - $222,001

3 Beds
1 Bath
1,130 Sq Ft
$188/Sq Ft Est. Value

Sale Details

Date Sold: August 23, 2022

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

Est. 24% increase in value since last sale

Current estimated payment $1,319 / mo

13 Days on Market

Highlights

  • No HOA
  • Covered Patio or Porch
  • Fenced Yard
  • Cottage
  • Breakfast Area or Nook
  • Shed

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

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

6,098 Sq Ft Lot

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
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • 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

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

MLS Schools

  • Elementary School: South 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

Listed on
Jul 8, 2022
Closed on
Aug 19, 2022
Sold by
Vito Marletta Dominic
Bought by
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
$210,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,666
Avg. Annual Appreciation
5.65%
Original Mortgage
$127,500
Outstanding Balance
$120,128
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$92,122

Purchase Details

Closed on
May 24, 2022
Sold by
Wayne Wills Wallace and Wayne Gail Sandra
Bought by
Marletta Dominic Vito
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Salem, VA

  • Pam Smith Real Estate Agent - MKB, REALTORS®

    Pam Smith

    MKB, REALTORS®

    (540) 666-6751

    43 Total Sales

    1 in Salem

    $190,000 Price

    Pam Smith
     Section Image
  • John Smith Real Estate Agent - WEST LAKE REAL ESTATE

    John Smith

    WEST LAKE REAL ESTATE

    (540) 632-4137

    90 Total Sales

    7 in Salem

    $170K - $341K Price Range

    John Smith
     Section Image
  • Charlene Jones Real Estate Agent - Re/Max Lakefront Realty

    Charlene Jones

    Re/Max Lakefront Realty

    (540) 698-4928

    182 Total Sales

    1 in Salem

    $179,000 Price

    Charlene Jones
     Section Image
  • Lisa Frontus Real Estate Agent - REAL BROKER LLC - MCLEAN

    Lisa Frontus

    REAL BROKER LLC - MCLEAN

    (540) 900-0815

    40 Total Sales

    1 in Salem

    $189,000 Price

    Lisa Frontus
     Section Image
  • Chris Reavis Real Estate Agent - MKB, REALTORS®

    Chris Reavis

    MKB, REALTORS®

    (540) 283-5635

    45 Total Sales

    4 in Salem

    $166K - $379K Price Range

    Chris Reavis
     Section Image
  • Kimberly Harlow Real Estate Agent - VARNEY REALTY PARTNERS

    Kimberly Harlow

    VARNEY REALTY PARTNERS

    (540) 517-6711

    7 Total Sales

    3 in Salem

    $200K - $227K Price Range

    Kimberly Harlow
     Section Image
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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
$170,000 Fidelity National Title
Marletta Dominic Vito $145,000 Fidelity National Title
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 $127,500
Previous Owner Willis Wallace Wayne $103,834
Previous Owner Wills Sandra Gail $76,000
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
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

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
2026 $1,948 $167,900 $38,300 $129,600
2025 $926 $156,900 $34,300 $122,600
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 Real Estate Agent - BARKER REALTY CO

    Seller's Agent in 2022

    Egon Hofmann

    BARKER REALTY CO

    (540) 314-1627

    131 Total Sales

    Egon Hofmann
    Section Image
  • Zachary May Real Estate Agent - POE & CRONK REAL ESTATE GROUP

    Buyer's Agent in 2022

    Zachary May

    POE & CRONK REAL ESTATE GROUP

    (302) 448-9821

    6 Total Sales

    Zachary May
    Section Image
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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

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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