NOT LISTED FOR SALE

505 Chamberlain Ln Salem, VA 24153

Estimated Value: $321,000 - $343,000

3 Beds
2 Baths
1,956 Sq Ft
$170/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $310,000 $158 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,864/month

13 Days on Market

Highlights

  • Family Room with Fireplace
  • Ranch Style House
  • Fenced Yard
  • G.W. Carver Elementary School Rated 9+
  • No HOA
  • Patio

About This Home

As of July 2024

Welcome to your next home in Salem! This delightful brick ranch, set on a spacious .54 acre lot, offers 3 beds and 2 baths, providing ample space for comfortable living. Step inside to discover a warm and inviting interior, well-maintained and ready for you to move in. Outside, you'll love the gardening space, patio, & fenced-in yard! Extra features include an attached carport for convenient parking & an outbuilding with 60-amp service, offering endless possibilities! This home combines the best of suburban tranquility with easy access to amenities. Don't miss the opportunity to make this charming property yours. **The buyer will be granted a lender credit of $550 toward the cost of an appraisal if using The Legacy Team of ALCOVA Mortgage.**

Last Agent to Sell the Property

Mac Westland

MAC WESTLAND REAL ESTATE GROUP License #0225237901 Listed on: 05/29/2024

Last Buyer's Agent

James Craighead

RE/MAX 8 License #0225256674

RE/MAX 8

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,838

Year Built

  • Built in 1959

Lot Details

  • 0.54 Acre Lot
  • Fenced Yard
  • Level Lot
  • Garden

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Laundry on main level

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Parking

  • 1 Parking Space
  • Attached Carport
  • Off-Street Parking

Outdoor Features

  • Patio
  • Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Forest Lawns Subdivision

Listing and Financial Details

  • Legal Lot and Block 3A / B

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,838

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Gas Log Fireplace
  • Heating System: Forced Air Gas
  • Fireplace(s): Basement, Family Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full Basement
  • Major Appliances: Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Fenced Yard, Garden Space, Patio, Paved Driveway, Storage Shed
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1304.00
  • Fireplace Number Fireplaces: 2
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 652.00
  • Major Area: 03 - City of Salem
  • NumberPrimCovSpaces: 1.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Carport Attached
  • Residential Type: Detached
  • Style Of House: 1 Story, Ranch
  • Total Above Grd Fin S Q F T: 1304
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1956.00
  • TotalUnfin Sq Ft: 448.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 448.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Lot Info

  • Lot Description: Level Lot, Varied
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.54
  • Lot: 3A

Building Info

  • Year Built: 1959

Tax Info

  • Taxes (6 mo): 2838.00

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
May 29, 2024
Closed on
Jul 1, 2024
Sold by
Hubbard Justin Kenneth
Bought by
Hays Ashtin Leigh and Hays Robert Jason
Seller's Agent
Mac Westland
MAC WESTLAND REAL ESTATE GROUP
Buyer's Agent
James Craighead
RE/MAX 8
List Price
$309,950
Sold Price
$310,000
Premium/Discount to List
$50
0.02%
Views
27
Current Estimated Value
$332,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,676
Avg. Annual Appreciation
4.99%
Original Mortgage
$304,385
Outstanding Balance
$300,173
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$32,503

Purchase Details

Listed on
Mar 4, 2020
Closed on
Sep 30, 2020
Sold by
Salem Building Supply Llc
Bought by
Hubbard Justin Kenneth
Seller's Agent
Brad Graham
MKB, REALTORS(r)
Buyer's Agent
Mac Westland
MAC WESTLAND REAL ESTATE GROUP
List Price
$239,950
Sold Price
$239,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%
Original Mortgage
$227,952
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2019
Closed on
Feb 10, 2020
Sold by
Lee Jennifer W and Lee Paul O
Bought by
Salem Building Supply Llc
Seller's Agent
Janie Whitlow
THE REAL ESTATE GROUP
Buyer's Agent
Brad Graham
MKB, REALTORS(r)
List Price
$219,500
Sold Price
$217,500
Premium/Discount to List
-$2,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.59%

Purchase Details

Closed on
May 6, 2010
Sold by
Holland Cynthia W and Webb Albert W
Bought by
Shema Thomas P and Shema Judy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,282
Interest Rate
4.87%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hays Ashtin Leigh $310,000 Brooks Title
Hubbard Justin Kenneth $239,950 Priority Title & Setmnt Llc
Salem Building Supply Llc $217,500 First Choice Title & Setmnt
Shema Thomas P $1,818,300 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hays Ashtin Leigh $304,385
Previous Owner Hubbard Justin Kenneth $227,952
Previous Owner Shema Thomas P $187,282
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2024 07/25/24 Sold $310,000 +3.4% $158 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/09/2024 06/09/24 Price Changed $299,950 -3.2% $153 / Sq Ft
05/29/2024 05/29/24 For Sale $309,950 +29.2% $158 / Sq Ft
09/30/2020 09/30/20 Sold $239,950 0.0% $121 / Sq Ft View Prior Sale
08/24/2020 08/24/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $239,950 +10.3% $121 / Sq Ft
02/11/2020 02/11/20 Sold $217,500 -0.9% $111 / Sq Ft View Prior Sale
12/16/2019 12/16/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $219,500 +28.0% $112 / Sq Ft
01/06/2016 01/06/16 Sold $171,500 -2.0% $88 / Sq Ft View Prior Sale
11/22/2015 11/22/15 Pending -- -- --
05/06/2015 05/06/15 For Sale $174,950 -- $89 / 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 $1,518 $257,300 $45,700 $211,600
2024 $1,419 $236,500 $43,500 $193,000
2023 $2,502 $208,500 $38,100 $170,400
2022 $2,345 $195,400 $35,400 $160,000
2021 $2,165 $180,400 $33,700 $146,700
2020 $1,956 $163,000 $33,700 $129,300
2019 $1,930 $160,800 $34,200 $126,600
2018 $1,861 $157,700 $32,600 $125,100
2017 $1,836 $155,600 $32,600 $123,000
2016 $1,856 $157,300 $32,600 $124,700
2015 $1,834 $155,400 $35,000 $120,400
2014 $1,834 $155,400 $35,000 $120,400
Source: Public Records

Agents Affiliated with this Home

  • Mac Westland

    Seller's Agent in 2024

    Mac Westland

    MAC WESTLAND REAL ESTATE GROUP

    (540) 385-9400

    18 in this area

    278 Total Sales

    Mac Westland
    Section Image

  • J

    Buyer's Agent in 2024

    James Craighead

    RE/MAX

    (540) 961-9317

    2 in this area

    139 Total Sales

    James Craighead
    Section Image
  • Brad Graham

    Seller's Agent in 2020

    Brad Graham

    MKB, REALTORS(r)

    (540) 989-4555

    30 in this area

    52 Total Sales

    Brad Graham
    Section Image

  • J

    Seller's Agent in 2020

    Janie Whitlow

    THE REAL ESTATE GROUP

    (540) 353-2461

    27 in this area

    73 Total Sales

    Janie Whitlow
    Section Image
  • Dana Berenbaum

    Seller's Agent in 2016

    Dana Berenbaum

    MKB, REALTORS(r)

    (540) 521-4424

    56 in this area

    201 Total Sales

    Dana Berenbaum
    Section Image

  • C

    Buyer's Agent in 2016

    Carol Parker

    EXP REALTY LLC - STAFFORD

    (540) 793-3206

    2 Total Sales

    Carol Parker
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 908001

Roanoke Valley Association of REALTORS®

APN: 57-2-5

Virginia Salem City County Salem 24153

505 Chamberlain Ln, Salem, VA

Not Listed for Sale

Detached

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