NOT LISTED FOR SALE

503 N Market St Salem, VA 24153

Estimated Value: $362,396 - $397,000

3 Beds
2 Baths
2,160 Sq Ft
$176/Sq Ft Est. Value

Last Sold June 11, 2019

Last sale price $252,200 $117 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,254/month

3 Days on Market

Highlights

  • Cape Cod Architecture
  • Deck
  • Covered patio or porch
  • Salem High School Rated A-
  • No HOA
  • 1 Car Detached Garage

About This Home

As of June 2019

This charming cape cod is located in the heart of Salem and is just a peaceful walk away from Main Street's restaurants, coffee shops, the library, gift and antique shops and much more. The home features 3 bedrooms, 2 full baths, a living room with fireplace, dining room, eat-in kitchen, an office w/a small built-in shelving area and an adorable, sunny little room off of it just waiting for you to use if for something special! The lower level offers the option of a family room or a 4th bedroom, lots of storage and the laundry area. Other features include hardwood floors, that have just been refinished, fresh paint, some replacement windows, a detached garage, deck, small patio and private, fenced backyard.

Last Agent to Sell the Property

April Garmon

RE/MAX ALL POINTS License #0225163084 Listed on: 05/03/2019

RE/MAX ALL POINTS

Last Buyer's Agent

Dana Berenbaum

MKB, REALTORS(r) License #0225219400

MKB, REALTORS(r)

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $2,440

Year Built

  • Built in 1941

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Living Room with Fireplace
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Electric Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • 3 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered patio or porch

Schools

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

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$2,440

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Forced Air Gas
  • Fireplace(s): Living Room
  • Type: Residential
  • Has Basement: Full Basement
  • Major Appliances: Dishwasher, Range Electric, Range Hood, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Deck, Paved Driveway
  • BedroomsBRUpperLevel: 3
  • EntryAboveGrdFin Sq Ft: 1093.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 2160
  • Internet Access: Cable
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 254.00
  • Major Area: 03 - City of Salem
  • NumberPrimCovSpaces: 1.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • RatifiedContractDt: 2019-05-06
  • Residential Type: Detached
  • Style Of House: Cape Cod
  • Total Above Grd Fin S Q F T: 1906
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2160.00
  • UncoveredNumberSpaces: 3.00
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 813.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Association/Amenities

  • Misc Features: Cable TV, Maint-Free Exterior, Paved Road

Schools

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

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.23
  • Lot: 1

Building Info

  • Year Built: 1941

Tax Info

  • Taxes (6 mo): 2440.00
  • FILLTAXID: 71-1-1

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2019
Closed on
Jun 4, 2019
Sold by
Willey Charles D and Ex Willey Ursula I
Bought by
Schlegel Julie
Seller's Agent
April Garmon
RE/MAX ALL POINTS
Buyer's Agent
Dana Berenbaum
MKB, REALTORS(r)
List Price
$249,950
Sold Price
$252,200
Premium/Discount to List
$2,250
0.9%
Current Estimated Value
$380,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,899
Avg. Annual Appreciation
6.77%
Original Mortgage
$189,150
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2008
Sold by
Conner Ronald E and Conner Martha P
Bought by
Willey Charles D and Ex Willey Ursula I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,500
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2005
Sold by
Conner Karen W and Werr Mary J
Bought by
Conner Ronald E and Conner Martha P
Source: Public Records

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    J.c. Taylor YOUNG REALTY COMPANY

    Section Image

Range of Values:

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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
Schlegel Julie $252,200 Acquisition Title & Setmnt
Willey Charles D $237,000 First American
Conner Ronald E $199,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schlegel Julie $187,200
Closed Schlegel Julie $187,200
Closed Schlegel Julie $189,150
Previous Owner Willey Charles D $180,500
Previous Owner Conner Ronald E $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2019 06/11/19 Sold $252,200 +0.9% $117 / Sq Ft
05/06/2019 05/06/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $249,950 -- $116 / 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 $1,643 $273,900 $54,700 $219,200
2023 $3,000 $250,000 $50,500 $199,500
2022 $2,929 $244,100 $48,400 $195,700
2021 $2,843 $236,900 $46,300 $190,600
2020 $2,754 $229,500 $44,200 $185,300
2019 $2,482 $206,800 $42,100 $164,700
2018 $2,387 $202,300 $37,900 $164,400
2017 $2,364 $200,300 $37,900 $162,400
2016 $2,364 $200,300 $37,900 $162,400
2015 $2,288 $195,300 $40,200 $155,100
2014 $2,288 $192,500 $40,200 $152,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 858733

Roanoke Valley Association of REALTORS®

APN: 71-1-1