NOT LISTED FOR SALE

505 W Main St Unit 505E Salem, VA 24153

Estimated Value: $269,000 - $315,000

3 Beds
3 Baths
2,060 Sq Ft
$140/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $255,000 $124 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,962/month

48 Days on Market

Highlights

  • Mountain View
  • Living Room with Fireplace
  • Walk-In Closet
  • Salem High School Rated A-
  • Balcony
  • 3-minute walk to Lake Spring Park

About This Home

As of October 2023

Upscale 3-story townhouse with super location in the heart of Salem, Virginia with super walkability to numerous local amenities. Master suite with private balcony and vaulted ceilings, living room with masonry fireplace and built-in cabinets, lower level guest suite or great room with full bath, 1 car garage under. Mere blocks from Roanoke College, the Salem farmers market, and so many parks, libraries, restaurants, healthcare and more. This unit has been recently painted and upgraded with new luxury vinyl plank flooring, new granite countertops, some new appliances, new cabinets - OWNER/AGENT

Last Agent to Sell the Property

Brad Thomas

MOUNTAIN VIEW REAL ESTATE LLC License #0225188833 Listed on: 07/12/2023

Co-Listed By

William Eric Thomas

MOUNTAIN VIEW REAL ESTATE LLC License #0225057075

Last Buyer's Agent

Erik Olson

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN License #0225246668

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,785

Year Built

  • Built in 1987

HOA Fees

  • $320 Monthly HOA Fees

Interior Spaces

  • Drapes & Rods
  • Living Room with Fireplace
  • Storage
  • Laundry on main level
  • Mountain Views

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Basement

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

Parking

  • 2 Open Parking Spaces
  • 1 Parking Space
  • Tuck Under Garage
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Nicki Pritt Association
  • Burwell Place Subdivision

Amenities

  • Restaurant

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,785

Year Built

Built in 1987

Lot Details

0

HOA Fees

$320 per month

Listing Details

  • Interior Features: All Drapes, Storage, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Fireplace(s): Living Room
  • Type: Residential
  • Property Subtype 1: Townhouse
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Balcony, Paved Driveway
  • Views: Mountain
  • BedroomsBREntryLevel: 1
  • BedroomsBRLowerLevel: 1
  • BedroomsBRUpperLevel: 1
  • CondoAssocYN: Yes
  • EntryAboveGrdFin Sq Ft: 1160.00
  • ExteriorDoors: Wood
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsLowerLvl: 1
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 2060
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Xfinity, Comcast
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 400.00
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBRLowerLvl: 1
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 1.00
  • Phone Email: 540-982-0011 #126 tpritt@hallassociatesinc.com
  • P O A Condo Contact Name: Nicki Pritt
  • POACondoDues: 320.02
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Under
  • RatifiedContractDt: 2023-08-29
  • Residential Type: Attached
  • SubdivisionMap: Burwell Place
  • Total Above Grd Fin S Q F T: 1660
  • TotalBdrm: 3
  • TotalBths: 3.00
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 2060.00
  • UncoveredNumberSpaces: 2.00
  • Uncovered Parking: Designated Spaces
  • UpperAboveGrdFin Sq Ft: 500.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Townhouses
  • 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

Schools

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

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Phase: 2

Building Info

  • Year Built: 1987

Tax Info

  • Taxes (6 mo): 1785.00
  • FILLTAXID: 123-1-4-505E

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
Jul 12, 2023
Closed on
Oct 2, 2023
Sold by
Thomas Bradley V
Bought by
Pedersen Kari
Seller's Agent
Brad Thomas
MOUNTAIN VIEW REAL ESTATE LLC
Buyer's Agent
Erik Olson
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN
List Price
$279,950
Sold Price
$255,000
Premium/Discount to List
-$24,950
-8.91%
Views
201
Current Estimated Value
$289,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,176
Avg. Annual Appreciation
5.64%
Original Mortgage
$191,250
Outstanding Balance
$188,411
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$96,009

Purchase Details

Closed on
Jan 26, 2023
Sold by
Alg Trustee Llc
Bought by
Bradley Thomas and H*M Commercial Properties Llc

Purchase Details

Listed on
Aug 14, 2015
Closed on
Nov 16, 2016
Sold by
Hudson Margaret S
Bought by
Wade Anthony J
Seller's Agent
Mark Croye
WAINWRIGHT & CO., REALTORS(r)- LAKE
Buyer's Agent
Leah Hedrick
MKB, REALTORS(r)
List Price
$121,950
Sold Price
$118,000
Premium/Discount to List
-$3,950
-3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.43%
Original Mortgage
$118,000
Interest Rate
3.42%
Mortgage Type
VA

Purchase Details

Closed on
Jun 9, 2009
Sold by
Sites Robert D and Sites Michele L
Bought by
Hudson Margaret S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,400
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2005
Sold by
Sites Michele Layman
Bought by
Sites Robert D and Sites Michele L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Interest Rate
5.5%
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
Pedersen Kari $255,000 Old Republic National Title
Bradley Thomas $143,600 Priority Title
Wade Anthony J $118,000 Fidelity National Title Comp
Hudson Margaret S $158,000 Lawyers Title
Sites Robert D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedersen Kari $191,250
Previous Owner Wade Anthony J $118,000
Previous Owner Hudson Margaret S $126,400
Previous Owner Sites Robert D $130,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold $255,000 +1.0% $124 / Sq Ft
08/29/2023 08/29/23 Pending -- -- --
08/27/2023 08/27/23 Price Changed $252,500 -1.0% $123 / Sq Ft
08/23/2023 08/23/23 Price Changed $255,000 -1.9% $124 / Sq Ft
08/20/2023 08/20/23 Price Changed $259,950 -1.5% $126 / Sq Ft
08/15/2023 08/15/23 Price Changed $263,950 -0.4% $128 / Sq Ft
08/09/2023 08/09/23 Price Changed $264,950 -1.5% $129 / Sq Ft
08/07/2023 08/07/23 Price Changed $268,950 -0.4% $131 / Sq Ft
08/02/2023 08/02/23 Price Changed $269,950 -1.8% $131 / Sq Ft
07/27/2023 07/27/23 Price Changed $274,950 -1.4% $133 / Sq Ft
07/22/2023 07/22/23 Price Changed $278,950 -0.2% $135 / Sq Ft
07/16/2023 07/16/23 Price Changed $279,500 -0.2% $136 / Sq Ft
07/12/2023 07/12/23 For Sale $279,950 +137.2% $136 / Sq Ft
11/18/2016 11/18/16 Sold $118,000 -3.2% $57 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
08/14/2015 08/14/15 For Sale $121,950 -- $59 / 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 $1,305 $221,200 $30,000 $191,200
2024 $1,244 $207,300 $25,000 $182,300
2023 $1,979 $164,900 $0 $164,900
2022 $1,784 $148,700 $0 $148,700
2021 $1,620 $135,000 $0 $135,000
2020 $1,640 $136,700 $0 $136,700
2019 $1,640 $136,700 $0 $136,700
2018 $1,613 $136,700 $0 $136,700
2017 $1,613 $136,700 $0 $136,700
2016 $1,613 $136,700 $0 $136,700
2015 $1,745 $147,900 $15,500 $132,400
2014 $1,745 $147,900 $15,500 $132,400
Source: Public Records

Agents Affiliated with this Home

  • Brad Thomas

    Seller's Agent in 2023

    Brad Thomas

    MOUNTAIN VIEW REAL ESTATE LLC

    (540) 915-3637

    34 in this area

    626 Total Sales

    Brad Thomas
    Section Image

  • W

    Seller Co-Listing Agent in 2023

    William Eric Thomas

    MOUNTAIN VIEW REAL ESTATE LLC

    (540) 580-5250

    16 in this area

    342 Total Sales

    William Eric Thomas
    Section Image

  • E

    Buyer's Agent in 2023

    Erik Olson

    BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

    (703) 624-4777

    7 in this area

    88 Total Sales

    Erik Olson
    Section Image

  • M

    Seller's Agent in 2016

    Mark Croye

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 815-4285

    1 in this area

    17 Total Sales

    Mark Croye
    Section Image
  • Leah Hedrick

    Buyer's Agent in 2016

    Leah Hedrick

    MKB, REALTORS(r)

    (540) 797-2174

    13 in this area

    162 Total Sales

    Leah Hedrick
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 899825

Roanoke Valley Association of REALTORS®

APN: 123-1-4-505E

Virginia Salem City County Salem 24153

505 W Main St Unit 505E, Salem, VA

This home is located at 505 W Main St Unit 505E, Salem, VA 24153 since 12 July 2023 and is currently estimated at $289,176, approximately $140 per square foot. This property was built in 1987. 505 W Main St Unit 505E is a home located in Salem City with nearby schools including West Salem 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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