NOT LISTED FOR SALE

504 N Broad St Salem, VA 24153

Estimated Value: $446,000 - $515,000

4 Beds
4.5 Baths
2,457 Sq Ft
$199/Sq Ft Est. Value

Last Sold March 23, 2023

Last sale price $430,000 $175 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,872/month

20 Days on Market

Highlights

  • No HOA
  • Screened Porch
  • Breakfast Area or Nook
  • Salem High School Rated A-
  • Cottage
  • Fenced Yard

About This Home

As of March 2023

This classic 2400+sf ''cottage'' has room to spread out on all 3 levels. Located on prestigious Broad St, the home was featured in the 2011 Holiday Tour of Homes & is full of surprises once you open the front door! The 2009 addition created the perfect 1 story living space adding a primary BR w/ private bath + entry level laundry. The 2020 kitchen remodel included a top line appliance package. In addition to the front porch, there are two screened porches on the entry level and a covered patio on the lower level w/ access to the fenced yard + storage building. The lower level features a family room, bath & kitchenette pus tons of storage! 3 additional bedrooms and 2 bathrooms are located on the upper level. Additional upgrades include tankless water heater and air purification unit.

Last Agent to Sell the Property

Lisa Chappell Miller

WAINWRIGHT & CO., REALTORS(r) License #0225242995 Listed on: 01/30/2023

WAINWRIGHT & CO.,  REALTORS(r)

Last Buyer's Agent

Josh Dix

RE/MAX ALL STARS License #0225212870

RE/MAX ALL STARS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,418

Year Built

  • Built in 1946

Lot Details

  • Lot Dimensions are 45' x 150'
  • Fenced Yard
  • Gentle Sloping Lot
  • Garden

Home Design

  • Cottage
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Screened Porch

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

  • 1 Open Parking Space
  • Off-Street Parking

Eco-Friendly Details

  • Air Cleaner

Outdoor Features

  • Patio
  • Shed

Schools

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

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 14

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,418

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Interior Features: Breakfast Area, Ceiling Fan, Gas Log Fireplace
  • Heating System: Baseboard Gas, Forced Air Gas
  • Fireplace(s): Family Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Air Cleaner, Clothes Dryer, Clothes Washer, Dishwasher, Microwave Oven (Built In), Range Gas, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Fenced Yard, Garden Space, Patio, Screened Porch, Storage Shed
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • BedroomsBRUpperLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1237.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsLowerLvl: 1
  • FullBathsFullBathsUpperLvl: 2
  • Grand Total Attached S Q F T: 2457
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LowerBelowGrdFin Sq Ft: 455.00
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • MasterBedroomsMasterBRUpperLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2023-02-19
  • Residential Type: Detached
  • Style Of House: 2 Story, Cottage
  • SubagentAuthorized: No
  • SubdivisionMap: Monteiro
  • Total Above Grd Fin S Q F T: 2002
  • TotalBdrm: 4
  • TotalBths: 4.10
  • TotalFBaths: 4
  • Total Finished Sq Ft: 2457.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 1.00
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 765.00
  • 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: Front Porch, Rear Porch

Utilities

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

Schools

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

Lot Info

  • Lot Description: Gentle Slope
  • Lot Dimensions: 45' x 150'
  • Property Group Id: 19990816212109142258000000
  • Lot: 14

Building Info

  • Year Built: 1946

Tax Info

  • Taxes (6 mo): 3418.00
  • FILLTAXID: 70-4-18

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
Jan 30, 2023
Closed on
Mar 15, 2023
Sold by
Reger Living Trust
Bought by
Miller Julie Howard and Miller Thomas J
Seller's Agent
Lisa Chappell Miller
WAINWRIGHT & CO., REALTORS(r)
Buyer's Agent
Josh Dix
RE/MAX ALL STARS
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%
Current Estimated Value
$489,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,075
Avg. Annual Appreciation
5.53%
Original Mortgage
$365,500
Outstanding Balance
$355,819
Interest Rate
5.99%
Mortgage Type
New Conventional
Estimated Equity
$133,256

Purchase Details

Closed on
May 16, 2007
Sold by
Reger Brian D
Bought by
Reger Beverly K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.12%
Mortgage Type
New Conventional
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
Miller Julie Howard $430,000 Fidelity National Title
Reger Beverly K -- Acquisition Title & Settleme
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Julie Howard $365,500
Previous Owner Reger Beverly K $125,000
Previous Owner Reger Beverly K $100,000
Previous Owner Reger Brian David $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2023 03/23/23 Sold $430,000 +1.2% $175 / Sq Ft
02/19/2023 02/19/23 Pending -- -- --
01/30/2023 01/30/23 For Sale $425,000 -- $173 / 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 $2,329 $388,200 $45,400 $342,800
2023 $3,613 $301,100 $41,900 $259,200
2022 $3,419 $284,900 $40,200 $244,700
2021 $3,290 $274,200 $38,400 $235,800
2020 $3,221 $268,400 $36,700 $231,700
2019 $3,020 $251,700 $34,900 $216,800
2018 $2,906 $246,300 $31,500 $214,800
2017 $2,873 $243,500 $31,500 $212,000
2016 $2,873 $243,500 $31,500 $212,000
2015 $2,725 $230,900 $28,400 $202,500
2014 $2,725 $230,900 $28,400 $202,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 895641

Roanoke Valley Association of REALTORS®

APN: 70-4-18