NOT LISTED FOR SALE

501 S Broad St Salem, VA 24153

Estimated Value: $259,000 - $328,000

5 Beds
2.5 Baths
2,032 Sq Ft
$146/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $249,950 $123 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,681/month

103 Days on Market

Highlights

  • No HOA
  • Covered Patio or Porch
  • Shed
  • G.W. Carver Elementary School Rated 9+
  • Fenced Yard
  • Forced Air Heating and Cooling System

About This Home

As of February 2022

If Salem living is what you seek, look no further! This beautiful home is located in the heart of Salem for easy access to restaurants, shopping, schools and everything Salem has to offer. Come see this fully renovated 5 bedroom 2 1/2 bath home with a large fenced in yard and storage shed or workshop in back. This home features updated bathrooms and kitchen, a master bedroom located on the main level with a private porch, new windows, new floors and more! With so many bedrooms, one can easily convert one into an office, den or game room. Make this dream home yours today.

Last Agent to Sell the Property

Michelle Schmucker

REALSTAR, REALTORS(r) LLC License #0225206047 Listed on: 10/13/2021

Last Buyer's Agent

Tiffany Majkowski

MKB, REALTORS(r) License #0225229987

MKB, REALTORS(r)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,281

Year Built

  • Built in 1910

Lot Details

  • 0.32 Acre Lot
  • Fenced Yard
  • Level Lot

Interior Spaces

  • 2,032 Sq Ft Home
  • 2-Story Property
  • Insulated Doors
  • Partial Basement
  • Laundry on main level

Kitchen

  • Gas Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • G. W. Carver Elementary School
  • Andrew Lewis Middle School
  • Salem High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 68 & SPT LT 69

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,281

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Dishwasher, Microwave Oven (Built In), Range Gas, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Fenced Yard, Paved Driveway, Storage Shed
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • BedroomsBRUpperLevel: 4
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1088.00
  • ExteriorDoors: Insulated, Metal
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 2032
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2022-01-24
  • Residential Type: Detached
  • Style Of House: 2 Story
  • Total Above Grd Fin S Q F T: 2032
  • TotalBdrm: 5
  • TotalBths: 2.10
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2032.00
  • TotalHBaths: 1
  • UpperAboveGrdFin Sq Ft: 944.00
  • Water Class: N/A
  • Water Htr Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Side Porch

Utilities

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

Schools

  • Elementary School: G. W. Carver
  • Middle School: Andrew Lewis
  • High School: Salem High

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.32
  • Lot: 68 & SPT LT 69

Building Info

  • Year Built: 1910

Tax Info

  • Taxes (6 mo): 1281.48
  • FILLTAXID: 145-14-5

MLS Schools

  • Elementary School: G. W. Carver
  • HighSchool: Salem High
  • Middle School: Andrew Lewis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Feb 24, 2022
Sold by
Paladin Land Trust
Bought by
Smith David Scott and Smith Tammy Lynn
Seller's Agent
Michelle Schmucker
REALSTAR, REALTORS(r) LLC
Buyer's Agent
Tiffany Majkowski
MKB, REALTORS(r)
List Price
$249,950
Sold Price
$249,950
Current Estimated Value
$296,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,437
Avg. Annual Appreciation
4.81%
Original Mortgage
$245,422
Outstanding Balance
$228,326
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$68,061

Purchase Details

Listed on
Nov 6, 2020
Closed on
Jan 27, 2021
Sold by
United States Secretary Of Housing And U
Bought by
Paladin Land Trust and Montanez
Seller's Agent
Bonnie Hall
GRACIOUS LIVING REALTY
Buyer's Agent
Michelle Schmucker
REALSTAR, REALTORS(r) LLC
List Price
$92,920
Sold Price
$93,000
Premium/Discount to List
$80
0.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
149.78%
Original Mortgage
$138,000
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 16, 2020
Sold by
Manson Kathleen Hill and One Reverse Mortgage Llc
Bought by
United States Sec Of Hsng & Urban Dev
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Smith David Scott $249,950 Old Republic National Title
Paladin Land Trust $93,000 Performance Title
Montanez Edwin $93,000 Performance Title And Setmnt
United States Sec Of Hsng & Urban Dev -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith David Scott $245,422
Previous Owner Montanez Edwin $138,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2022 02/28/22 Sold $249,950 0.0% $123 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
10/13/2021 10/13/21 For Sale $249,950 +168.8% $123 / Sq Ft
01/29/2021 01/29/21 Sold $93,000 +0.1% $44 / Sq Ft View Prior Sale
12/01/2020 12/01/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $92,920 -- $44 / 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
2025 $1,362 $230,800 $48,000 $182,800
2024 $1,238 $206,300 $46,700 $159,600
2023 $2,304 $192,000 $43,400 $148,600
2022 $1,728 $144,000 $38,000 $106,000
2021 $1,337 $111,400 $35,100 $76,300
2020 $1,303 $108,600 $35,100 $73,500
2019 $1,276 $106,300 $35,100 $71,200
2018 $1,119 $94,800 $35,100 $59,700
2017 $1,108 $93,900 $35,100 $58,800
2016 $1,108 $93,900 $35,100 $58,800
2015 $974 $82,500 $26,500 $56,000
2014 $974 $82,500 $26,500 $56,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michelle Schmucker

    REALSTAR, REALTORS(r) LLC

    (540) 776-0606

    3 in this area

    18 Total Sales

    Michelle Schmucker
    Section Image
  • Tiffany Majkowski

    Buyer's Agent in 2022

    Tiffany Majkowski

    MKB, REALTORS(r)

    (540) 797-0068

    6 in this area

    30 Total Sales

    Tiffany Majkowski
    Section Image

  • B

    Seller's Agent in 2021

    Bonnie Hall

    GRACIOUS LIVING REALTY

    (540) 309-7565

    5 in this area

    96 Total Sales

    Bonnie Hall
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 884567

Roanoke Valley Association of REALTORS®

APN: 145-14-5

Virginia Salem City County Salem 24153

501 S Broad St, Salem, VA

This home is located at 501 S Broad St, Salem, VA 24153 since 13 October 2021 and is currently estimated at $296,387, approximately $145 per square foot. This property was built in 1910. 501 S Broad St is a home located in Salem City with nearby schools including G.W. Carver 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.

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