NOT LISTED FOR SALE

507 Bowman Ave Salem, VA 24153

Estimated Value: $188,000 - $234,000

2 Beds
1 Bath
1,480 Sq Ft
$141/Sq Ft Est. Value

Last Sold December 20, 2016

Last sale price $85,000 $57 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $1,184/month

56 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Covered Patio or Porch
  • Salem High School Rated A-
  • No HOA
  • Fenced Yard

About This Home

As of December 2016

Delightful cottage with covered front porch in South Salem featuring 2 bedrooms and recently renovated full bathroom, office space (potential 3rd bedroom), large eat-in kitchen and dining area. Rear deck overlooks level fenced backyard with storage building. One year home warranty included. Recent updates include new roof (2010), new bathroom (2015). Updated kitchen. Great Value.

Last Agent to Sell the Property

Tim Thompson

MKB, REALTORS(r) License #0225056345 Listed on: 09/29/2016

MKB, REALTORS(r)

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $1,153

Year Built

  • Built in 1920

Lot Details

  • 0.25 Acre Lot
  • Fenced Yard
  • Level Lot
  • Cleared Lot

Home Design

  • Ranch Style House
  • Slab Foundation

Interior Spaces

  • 1,480 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$1,153

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Walk-in-Closet
  • Heating System: Forced Air Gas
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Slab
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Deck, Fenced Yard, Storage Shed
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 1480.00
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 1480
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2016-11-24
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 1480
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1480.00
  • UncoveredNumberSpaces: 3.00
  • Uncovered Parking: Off Street Parking
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch

Utilities

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

Schools

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

Lot Info

  • Lot Description: Cleared, Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.25
  • ZoningCode: RSF

Building Info

  • Year Built: 1920

Tax Info

  • Taxes (6 mo): 1153.00
  • FILLTAXID: 201-5-10

MLS Schools

  • Elementary School: South Salem
  • HighSchool: Salem High
  • Middle School: Andrew Lewis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2016
Closed on
Dec 19, 2016
Sold by
Semler Stephanie Maree and Ingraham Stephanie S
Bought by
Tucker Cheri L
Seller's Agent
Tim Thompson
MKB, REALTORS(r)
List Price
$89,995
Sold Price
$85,000
Premium/Discount to List
-$4,995
-5.55%
Current Estimated Value
$204,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,483
Avg. Annual Appreciation
10.91%
Original Mortgage
$80,750
Outstanding Balance
$66,323
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$142,066

Purchase Details

Closed on
Sep 12, 2005
Sold by
Bowman Dale L
Bought by
Ingraham Stephanie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,700
Interest Rate
6.75%
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
Tucker Cheri L $85,000 American Title & Settlement
Ingraham Stephanie S $113,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tucker Cheri L $80,750
Previous Owner Ingraham Stephanie S $101,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2016 12/20/16 Sold $85,000 -5.6% $57 / Sq Ft
11/24/2016 11/24/16 Pending -- -- --
09/29/2016 09/29/16 For Sale $89,995 -- $61 / 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 $831 $138,500 $37,200 $101,300
2023 $1,484 $123,700 $34,300 $89,400
2022 $1,378 $114,800 $29,800 $85,000
2021 $1,303 $108,600 $28,300 $80,300
2020 $1,171 $97,600 $28,300 $69,300
2019 $1,128 $94,000 $28,300 $65,700
2018 $1,099 $93,100 $28,300 $64,800
2017 $1,133 $96,000 $28,300 $67,700
2016 $1,153 $97,700 $28,300 $69,400
2015 $1,200 $101,700 $29,900 $71,800
2014 $1,200 $101,700 $29,900 $71,800
Source: Public Records

Agents Affiliated with this Home

  • Tim Thompson

    Seller's Agent in 2016

    Tim Thompson

    MKB, REALTORS(r)

    (540) 353-7073

    7 in this area

    146 Total Sales

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 830873

Roanoke Valley Association of REALTORS®

APN: 201-5-10

Virginia Salem City County Salem 24153

507 Bowman Ave, Salem, VA

This home is located at 507 Bowman Ave, Salem, VA 24153 since 29 September 2016 and is currently estimated at $208,389, approximately $140 per square foot. This property was built in 1920. 507 Bowman Ave is a home located in Salem City with nearby schools including South 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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