505 Arbor Ave SE Roanoke, VA 24014
Riverland-Walnut Hill NeighborhoodEstimated payment $1,147/month
Total Views
1,300
3
Beds
2.5
Baths
1,968
Sq Ft
$89
Price per Sq Ft
Highlights
- Hot Property
- River View
- No HOA
- Crystal Spring Elementary School Rated A-
- 0.32 Acre Lot
- 3-minute walk to Piedmont Park
About This Home
Investment Opportunity! Rent it, flip it, house-hack it ... or move right in & start enjoying an affordable lifestyle as a homeowner of a spacious 3 bedroom, 2.5 bath home. This 2-story cottage is situated right across the street from the Roanoke River Greenway, giving you fantastic lifestyle amenities if you love to jog, stroll or roll ... or just hang out at the playground at Piedmont Park! Plus, you're conveniently located to all the wonderful trails on Mill Mountain, the exciting developments at nearby Riverdale, & even your favorite local ice cream shop, Blue Cow. Enjoy a wide covered porch for relaxing, a large detached garage for storage and tinkering, & a fenced yard for pets, gardening, or play. Ditch your rent and launch a fresh new life!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,334
Year Built
- Built in 1928
Lot Details
- 0.32 Acre Lot
- Fenced Yard
- Garden
Property Views
- River
- Mountain
Interior Spaces
- 1,968 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room with Fireplace
- Partial Basement
- Laundry on main level
Kitchen
- Electric Range
- Built-In Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- 1 Car Detached Garage
- 2 Open Parking Spaces
- Off-Street Parking
Schools
- Crystal Spring Elementary School
- James Madison Middle School
- Patrick Henry High School
Additional Features
- Front Porch
- Heat Pump System
Listing and Financial Details
- Legal Lot and Block 1,2,3,4 / 17
Community Details
Overview
- No Home Owners Association
- Riverland Subdivision
Amenities
- Public Transportation
Recreation
- Trails
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,573 | $191,300 | $22,800 | $168,500 |
| 2023 | $2,573 | $171,900 | $20,900 | $151,000 |
| 2022 | $2,002 | $146,900 | $16,100 | $130,800 |
| 2021 | $1,811 | $132,400 | $13,400 | $119,000 |
| 2020 | $1,651 | $120,400 | $13,400 | $107,000 |
| 2019 | $1,582 | $114,700 | $13,400 | $101,300 |
| 2018 | $1,582 | $114,700 | $13,400 | $101,300 |
| 2017 | $1,439 | $110,900 | $13,400 | $97,500 |
| 2016 | $1,439 | $110,900 | $13,400 | $97,500 |
| 2015 | $1,429 | $114,700 | $13,400 | $101,300 |
| 2014 | $1,429 | $114,700 | $13,400 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | For Sale | $174,950 | +66.6% | $89 / Sq Ft |
| 03/15/2017 03/15/17 | Sold | $105,000 | -6.7% | $53 / Sq Ft |
| 02/03/2017 02/03/17 | Pending | -- | -- | -- |
| 06/09/2016 06/09/16 | For Sale | $112,500 | -- | $57 / Sq Ft |
Source: Roanoke Valley Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Gift Deed | -- | None Available | |
| Gift Deed | -- | Acquisition Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $103,098 | FHA | |
| Previous Owner | $55,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Roanoke, VA
Source: Roanoke Valley Association of REALTORS®
MLS Number: 919892
APN: 4151002
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