NOT LISTED FOR SALE

511 E Burwell St Salem, VA 24153

Estimated Value: $260,000 - $569,000

3 Beds
3 Baths
2,200 Sq Ft
$206/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $349,750 $159 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,714/month

322 Days on Market

Highlights

  • Under Construction
  • City View
  • Covered Patio or Porch
  • G.W. Carver Elementary School Rated 9+
  • Deck
  • 2 Car Attached Garage

About This Home

As of October 2020

Salem City's newest subdivision with ONLY 7 homes (now only 2 available) under construction-within easy walking distance to dining, Farmer's Market and shopping in downtown area or accessing events and fitness trail in Longwood Park. Homes offer open floor plans with first floor master suite..this one has an additional guest bedroom on entry and another full bath, garage, laundry and beautiful mountain views. But there's more..these homes offer high end finishes such as granite, hardwood floors finished on site, crown molding, ceramic tile bath, screen porch, finished walk-out daylight basement with recreation room, additional guest bedroom, bath and WALK-IN STORAGE. These homes make downsizing an easy transition!

Last Agent to Sell the Property

Judy Simmers

RE/MAX ALL POINTS License #0225049122 Listed on: 09/20/2019

RE/MAX ALL POINTS

Last Buyer's Agent

Steve Stevens

RE/MAX REAL ESTATE ONE License #0225098053

RE/MAX REAL ESTATE ONE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,009

Year Built

  • Built in 2019 | Under Construction

Lot Details

  • 3,485 Sq Ft Lot
  • Gentle Sloping Lot
  • Cleared Lot
  • Property is zoned RMF

HOA Fees

  • $130 Monthly HOA Fees

Property Views

  • City
  • Mountain

Home Design

  • Patio Home
  • Brick Exterior Construction
  • Hardboard

Interior Spaces

  • Great Room with Fireplace
  • Storage
  • Laundry on main level

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Basement

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

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Assigned Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot A3

Community Details

Overview

  • Henmark, Inc. Association

Amenities

  • Restaurant
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,009

Year Built

Built in 2019 | Under Construction

Lot Details

0

HOA Fees

$130 per month

Listing Details

  • Interior Features: Storage, Walk-in-Closet
  • Heating System: Forced Air Gas
  • Fireplace(s): Great Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Disposer, Garage Door Opener, Microwave Oven (Built In), Range Electric
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Deck, Patio, Paved Driveway
  • Views: City, Mountain
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 1388.00
  • ExteriorDoors: Fiberglass, Full View
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsLowerLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LowerBelowGrdFin Sq Ft: 812.00
  • Major Area: 03 - City of Salem
  • NumberPrimCovSpaces: 2.00
  • Phone Email: 540-598-7635
  • P O A Condo Contact Name: Henmark, Inc.
  • POACondoDues: 130.00
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Attached
  • Style Of House: Patio
  • SubagentAuthorized: No
  • SubdivisionMap: Burwell Point
  • Total Above Grd Fin S Q F T: 1388
  • TotalBdrm: 3
  • TotalBths: 3.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 2200.00
  • TotalUnfin Sq Ft: 928.00
  • Uncovered Parking: Designated Spaces
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 928.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Maint-Free Exterior, New Construction, Paved Road

Lot Info

  • Lot Description: Cleared, Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.08
  • Lot: A3
  • ZoningCode: RMF

Building Info

  • Year Built: 2019

Tax Info

  • Taxes (6 mo): 4009.00

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
Sep 20, 2019
Closed on
Oct 7, 2020
Sold by
Henmark Inc
Bought by
Miles Stephen M and Miles Donna A
Seller's Agent
Judy Simmers
RE/MAX ALL POINTS
Buyer's Agent
Steve Stevens
RE/MAX REAL ESTATE ONE
List Price
$349,750
Sold Price
$349,750
Current Estimated Value
$453,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,737
Avg. Annual Appreciation
5.05%
Original Mortgage
$288,000
Outstanding Balance
$256,161
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$197,326
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Miles Stephen M $349,750 Acquisition Ttl & Setmnt Agc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miles Stephen M $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2020 10/07/20 Sold $349,750 0.0% $159 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
09/20/2019 09/20/19 For Sale $349,750 -- $159 / 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 $2,548 $431,900 $80,400 $351,500
2024 $2,444 $407,300 $74,300 $333,000
2023 $4,513 $376,100 $68,100 $308,000
2022 $4,276 $356,300 $44,000 $312,300
2021 $4,066 $338,800 $38,500 $300,300
2020 $462 $38,500 $38,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 863419

Roanoke Valley Association of REALTORS®

APN: 120-2-2.3