NOT LISTED FOR SALE

501 Litchell Rd Salem, VA 24153

Estimated Value: $227,000 - $270,000

3 Beds
1.5 Baths
1,300 Sq Ft
$197/Sq Ft Est. Value

Sale Details

Date Sold: April 6, 2022

Last sale price $173,500 $133 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,489 / mo

3 Days on Market

Highlights

  • 0.86 Acre Lot
  • Ranch Style House
  • Covered Patio or Porch
  • Mountain View
  • No HOA
  • Attached Carport

About This Home

As of April 2022

Nice ranch with large bedrooms and a lot of space. Original oak flooring in the hallway. Nice sized living room with fireplace and blower. Roof replaced in 2018. 200 Amp service, furnace, hot water heater and most windows were replaced within past 10 years. Additional photos to follow.

Last Agent to Sell the Property

Dale Clark

THE GOOD SIGN REAL ESTATE CO. License #0225235418 Listed on: 02/16/2022

Last Buyer's Agent

Aggie Romero

REAL BROKER LLC - DGA-SALEM License #0225081080

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,370

Year Built

  • Built in 1957

Lot Details

  • 37,462 Sq Ft Lot
  • Gentle Sloping Lot
  • Property is zoned RSF

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,300 Sq Ft Home
  • Fireplace Features Blower Fan
  • Living Room with Fireplace
  • Mountain Views
  • Dishwasher
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Open Parking Spaces
  • 2 Parking Spaces
  • Attached Carport
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 17A / 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,370

Year Built

Built in 1957

Lot Details

0.86 Acres

Listing Details

  • Heating System: Forced Air Gas
  • Fireplace(s): Living Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch
  • Views: Mountain
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1300.00
  • ExteriorDoors: Wood
  • Fireplace Number Fireplaces: 1
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: XFinity
  • LaundryLaundryLowerLevel: 1
  • Major Area: 03 - City of Salem
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Carport Attached
  • Residential Type: Detached
  • Style Of House: 1 Story, Ranch
  • SubdivisionMap: Lee Mitchell
  • Total Above Grd Fin S Q F T: 1300
  • TotalBdrm: 3
  • TotalBths: 1.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1300.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 1300.00
  • UncoveredNumberSpaces: 3.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 1300.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Side Porch

Utilities

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

Association/Amenities

  • Misc Features: Fireplace Blower, Maint-Free Exterior

Lot Info

  • Lot Description: Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.86
  • Lot: 17A
  • ZoningCode: RSF

Building Info

  • Year Built: 1957

Tax Info

  • Taxes (6 mo): 1370.00

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

Listed on
Feb 16, 2022
Closed on
Mar 18, 2022
Sold by
Bought by
Seller's Agent
Dale Clark
THE GOOD SIGN REAL ESTATE CO.
Buyer's Agent
Aggie Romero
REAL BROKER LLC - DGA-SALEM
List Price
$174,500
Sold Price
$173,500
Premium/Discount to List
-$1,000
-0.57%
Current Estimated Value
$256,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,739
Avg. Annual Appreciation
9.70%
Original Mortgage
$168,295
Outstanding Balance
$156,050
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$100,189

Purchase Details

Listed on
Aug 6, 2018
Closed on
Nov 26, 2018
Sold by
Bought by
Seller's Agent
Steve Eller
LICHTENSTEIN ROWAN, REALTORS(r)
List Price
$144,350
Sold Price
$143,500
Premium/Discount to List
-$850
-0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%
Original Mortgage
$114,800
Interest Rate
4.8%
Mortgage Type
New Conventional
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.

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

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
$173,500 Fidelity National Title
$143,500 Fidelity National Title Insu
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 $168,295
Previous Owner $114,800
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
04/06/2022 04/06/22 Sold $173,500 -0.6% $133 / Sq Ft
02/19/2022 02/19/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $174,500 +21.6% $134 / Sq Ft
11/28/2018 11/28/18 Sold $143,500 -0.6% $110 / Sq Ft View Prior Sale
10/19/2018 10/19/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $144,350 -- $111 / 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 $1,281 $217,100 $47,200 $169,900
2024 $1,136 $189,300 $43,300 $146,000
2023 $2,071 $172,600 $40,600 $132,000
2022 $1,769 $147,400 $39,000 $108,400
2021 $1,688 $140,700 $36,800 $103,900
2020 $1,642 $136,800 $36,800 $100,000
2019 $1,615 $134,600 $36,800 $97,800
2018 $1,574 $133,400 $36,800 $96,600
2017 $1,561 $132,300 $36,800 $95,500
2016 $1,559 $132,100 $36,800 $95,300
2015 $864 $131,400 $33,400 $98,000
2014 $864 $131,400 $33,400 $98,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Dale Clark

    THE GOOD SIGN REAL ESTATE CO.

    (540) 815-3553

    10 in this area

    23 Total Sales

    Dale Clark
    Section Image
  • Aggie Romero

    Buyer's Agent in 2022

    Aggie Romero

    REAL BROKER LLC - DGA-SALEM

    (540) 874-7006

    1 in this area

    33 Total Sales

    Aggie Romero
    Section Image
  • Steve Eller

    Seller's Agent in 2018

    Steve Eller

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 793-2012

    13 in this area

    70 Total Sales

    Steve Eller
    Section Image
  • Joe Kraft

    Seller Co-Listing Agent in 2018

    Joe Kraft

    LICHTENSTEIN ROWAN, REALTORS(r)

    (727) 296-7492

    13 in this area

    249 Total Sales

    Joe Kraft
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 886985

Roanoke Valley Association of REALTORS®

APN: 97-1-5

Virginia Salem City County Salem 24153

501 Litchell Rd, 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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.