NOT LISTED FOR SALE

507 16th St NW Roanoke, VA 24017

Loudon-Melrose Neighborhood

Estimated Value: $155,000 - $241,000

3 Beds
2 Baths
1,218 Sq Ft
$160/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $185,000 $152 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,180/month

8 Days on Market

Highlights

  • No HOA
  • Fenced Yard
  • 3-minute walk to Melrose Park
  • Covered patio or porch
  • Zoned Heating and Cooling

About This Home

As of August 2023

This completely renovated 3-bedroom, 2-bathroom property is perfect for first-time homebuyers looking for a turn-key dream home. No detail has been overlooked in this extensive renovation, and the house's character is accentuated by modern finishes and upgraded features throughout. Step inside to find a fully renovated kitchen that any home chef will adore. The space is complete with granite countertops and new SS appliances, providing a beautiful and functional workspace. Upstairs, the two oversized bedrooms offer soaring ceilings and spacious closets. The bathrooms boast upgraded features, including a step-in shower in the luxurious primary en-suite. Entry-level third bedroom could alternatively serve as a spacious office or bonus room. With the brand new zoned HVAC system,

Last Agent to Sell the Property

Jennifer Porter

EMBOLDEN REALTY GROUP License #0225243694 Listed on: 06/21/2023

EMBOLDEN REALTY GROUP

Last Buyer's Agent

Veronica Faz

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN License #0225091348

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $978

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 65x102
  • Fenced Yard

Parking

  • Off-Street Parking

Interior Spaces

  • 1,218 Sq Ft Home
  • 1.5-Story Property
  • Partial Basement
  • Laundry on main level

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Covered patio or porch

Schools

  • Roanoke Academy Of Math And Science Elementary School
  • Lucy Addison Middle School
  • Patrick Henry High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Melrose Subdivision

Listing and Financial Details

  • Legal Lot and Block N PT 9-10 / 40

Home Details

Home Type

Single Family

Est. Annual Taxes

$978

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric, Zoned Heat
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Dishwasher, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Covered Porch, Fenced Yard
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • BedroomsBRUpperLevel: 2
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 784.00
  • FullBathsFullBathsUpperLvl: 2
  • Grand Total Attached S Q F T: 1610
  • LaundryLaundryEntryLevel: 1
  • Major Area: 01 - City of Roanoke
  • MasterBedroomsMasterBRUpperLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2023-06-29
  • Residential Type: Detached
  • Style Of House: 1.5 Story
  • Total Above Grd Fin S Q F T: 1218
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1218.00
  • TotalUnfin Sq Ft: 392.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 392.00
  • UpperAboveGrdFin Sq Ft: 434.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

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

Schools

  • Elementary School: Roanoke Academy of Math and Science
  • Middle School: Lucy Addison
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 65x102
  • Property Group Id: 19990816212109142258000000
  • Lot: N PT 9-10

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 978.00
  • FILLTAXID: 2222409

MLS Schools

  • Elementary School: Roanoke Academy of Math and Science
  • HighSchool: Patrick Henry
  • Middle School: Lucy Addison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Jul 31, 2023
Sold by
Rental Group Llc
Bought by
Vasquez Arellano Gustavo Vasquez and Arellano Rojo Teresa
Seller's Agent
Jennifer Porter
EMBOLDEN REALTY GROUP
Buyer's Agent
Veronica Faz
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN
List Price
$198,900
Sold Price
$185,000
Premium/Discount to List
-$13,900
-6.99%
Views
172
Current Estimated Value
$194,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,839
Avg. Annual Appreciation
-3.63%
Original Mortgage
$12,500
Outstanding Balance
$12,275
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$159,399

Purchase Details

Listed on
Dec 27, 2021
Closed on
Apr 13, 2022
Sold by
James Bandy Iii
Bought by
Rental Group Llc
Seller's Agent
Thurston Ford, I I
REALSTAR, REALTORS(r) LLC
Buyer's Agent
Eric Gilliard
KELLER WILLIAMS REALTY ROANOKE
List Price
$44,950
Sold Price
$42,500
Premium/Discount to List
-$2,450
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
210.01%

Purchase Details

Closed on
Jun 7, 2021
Sold by
Zaga Guido V
Bought by
Bandy James

Purchase Details

Listed on
Feb 16, 2012
Closed on
Nov 15, 2012
Sold by
Wells Fargo Bank Na
Bought by
Zaga Guido
Seller's Agent
Dwayne Epperly
KELLER WILLIAMS REALTY ROANOKE
Buyer's Agent
Thurston Ford, I I
REALSTAR, REALTORS(r) LLC
List Price
$7,000
Sold Price
$8,033
Premium/Discount to List
$1,033
14.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.36%

Purchase Details

Closed on
Aug 13, 2010
Sold by
Jackson Sandra
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 12, 2007
Sold by
Wither Sandra
Bought by
Jackson Sandra and Witcher Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.48%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
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
Vasquez Arellano Gustavo Vasquez $185,000 Fidelity National Title
Rental Group Llc $42,500 Fidelity National Title
Bandy James $10,000 Fidelity National Ttl Ins Co
Zaga Guido $8,033 Fidelity National Title Of N
Wells Fargo Bank Na $52,000 None Available
Wells Fargo Bank Na $22,121 None Available
Jackson Sandra -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vasquez Arellano Gustavo Vasquez $12,500
Open Vasquez Arellano Gustavo Vasquez $181,649
Previous Owner Rental Group Llc $137,600
Previous Owner Jackson Sandra $52,500
Closed Jackson Sandra $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $185,000 -7.0% $152 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $198,900 +368.0% $163 / Sq Ft
04/14/2022 04/14/22 Sold $42,500 -5.5% $35 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
12/27/2021 12/27/21 For Sale $44,950 +459.6% $37 / Sq Ft
12/13/2012 12/13/12 Sold $8,033 +14.8% $7 / Sq Ft
11/12/2012 11/12/12 Pending -- -- --
02/16/2012 02/16/12 For Sale $7,000 -- $6 / 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 $1,352 $97,900 $10,800 $87,100
2023 $1,352 $80,100 $7,500 $72,600
2022 $228 $6,600 $5,200 $1,400
2021 $81 $6,600 $5,200 $1,400
2020 $193 $5,300 $5,200 $100
2019 $193 $9,500 $5,200 $4,300
2018 $250 $10,000 $5,200 $4,800
2017 $154 $10,000 $5,200 $4,800
2016 $154 $10,000 $5,200 $4,800
2015 $121 $10,000 $5,200 $4,800
2014 $121 $10,000 $5,200 $4,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jennifer Porter

    EMBOLDEN REALTY GROUP

    (540) 397-5259

    1 in this area

    131 Total Sales

    Section Image

  • V

    Buyer's Agent in 2023

    Veronica Faz

    BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

    (540) 556-5291

    1 in this area

    99 Total Sales

    Section Image

  • T

    Seller's Agent in 2022

    Thurston Ford, I I

    REALSTAR, REALTORS(r) LLC

    (540) 776-0606

    3 in this area

    38 Total Sales

    Section Image

  • E

    Buyer's Agent in 2022

    Eric Gilliard

    KELLER WILLIAMS REALTY ROANOKE

    (540) 793-5727

    1 in this area

    87 Total Sales

    Section Image

  • D

    Seller's Agent in 2012

    Dwayne Epperly

    KELLER WILLIAMS REALTY ROANOKE

    (540) 314-0210

    2 in this area

    90 Total Sales

    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 899260

Roanoke Valley Association of REALTORS®

APN: 222-2409

Virginia Roanoke City County Roanoke 24017 Loudon-Melrose

507 16th St NW, Roanoke, VA

This home is located at 507 16th St NW, Roanoke, VA 24017 since 21 June 2023 and is currently estimated at $194,839, approximately $159 per square foot. This property was built in 1925. 507 16th St NW is a home located in Roanoke City with nearby schools including Roanoke Academy for Math & Science Elementary School, Lucy Addison Middle School, and Patrick Henry 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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