NOT LISTED FOR SALE

5155 Arrowhead Trail Salem, VA 24153

Estimated Value: $596,000 - $635,071

6 Beds
4.5 Baths
4,163 Sq Ft
$150/Sq Ft Est. Value

Last Sold March 09, 2020

Last sale price $420,000 $101 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,768/month

10 Days on Market

Highlights

  • Great Room with Fireplace
  • Cathedral Ceiling
  • Covered Patio or Porch
  • Glenvar Middle School Rated A-
  • Whirlpool Bathtub
  • Breakfast Area or Nook

About This Home

As of March 2020

Welcome to this absolutely stunning 6BR, 4.5 bath home located in the highly sought after Glenvar school district. Walk inside to find gleaming hardwood floors (refinished in 2018), fresh paint throughout (2018), cathedral ceilings, custom kitchen with granite and new appliances (2018). This home features an open living area, formal dining room and living room. This entry level is completed by a half bath, laundry, 2 car attached garage, and bedroom. Walk upstairs to feel the openness and overlook the entry level living room and kitchen. Upstairs you will find new carpet (2018), four additional bedrooms, two of which are master BRs and spacious walk in closets. The lower level of this home boasts a large family room, additional bedroom and bath along with plenty of storage.

Last Agent to Sell the Property

Rick Stover

RE/MAX ALL STARS License #0225177344 Listed on: 01/09/2020

RE/MAX ALL STARS

Co-Listed By

Ryan Nicely

RE/MAX ALL STARS License #0225221320

Last Buyer's Agent

Ben Wiley

COLDWELL BANKER TOWNSIDE, REALTORS(r) License #0225234749

COLDWELL BANKER TOWNSIDE, REALTORS(r)

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $3,825

Year Built

  • Built in 2008

Lot Details

  • 0.51 Acre Lot
  • Cul-De-Sac

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Storage
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • Whirlpool Bathtub

Basement

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

Parking

  • Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Glenvar Elementary And Middle School
  • Glenvar High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • Debby Nash Association
  • Cherokee Hills Subdivision

Listing and Financial Details

  • Tax Lot 30

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$3,825

Year Built

Built in 2008

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Interior Features: Breakfast Area, Cathedral Ceiling, Ceiling Fan, Gas Log Fireplace, Storage, Walk-in-Closet, Whirlpool Bath
  • Heating System: Forced Air Gas, Heat Pump Electric, Zoned Heat
  • Fireplace(s): Great Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Garage Door Opener, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Zoned Cooling
  • Outside Features: Covered Porch, Patio, Paved Driveway
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 1350.00
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LowerBelowGrdFin Sq Ft: 1239.00
  • Major Area: 02 - Roanoke County
  • MasterBedroomsMasterBRUpperLvl: 2
  • Phone Email: 540-204-4247
  • P O A Condo Contact Name: Debby Nash
  • POACondoDues: 50.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: 2 Story
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 2924
  • TotalBdrm: 6
  • TotalBths: 4.10
  • TotalFBaths: 4
  • Total Finished Sq Ft: 4163.00
  • TotalHBaths: 1
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 1574.00
  • Water Class: N/A
  • Water Htr Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 2

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

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

Association/Amenities

  • Misc Features: Cul-de-sac, Paved Road, Underground Util

Lot Info

  • Lot Description: Varied
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.51
  • Lot: 30

Building Info

  • Year Built: 2008

Tax Info

  • Taxes (6 mo): 3825.00

MLS Schools

  • Elementary School: Glenvar
  • HighSchool: Glenvar
  • Middle School: Glenvar

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Feb 11, 2020
Sold by
Jones Brandon M and Jones Deana M
Bought by
Kretser Michael P
Seller's Agent
Rick Stover
RE/MAX ALL STARS
Buyer's Agent
Ben Wiley
COLDWELL BANKER TOWNSIDE, REALTORS(r)
List Price
$424,950
Sold Price
$420,000
Premium/Discount to List
-$4,950
-1.16%
Current Estimated Value
$632,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,519
Avg. Annual Appreciation
6.96%
Original Mortgage
$402,500
Outstanding Balance
$356,386
Interest Rate
3.6%
Mortgage Type
VA
Estimated Equity
$267,382

Purchase Details

Listed on
May 23, 2018
Closed on
Jun 29, 2018
Sold by
Fannie Mae
Bought by
Jones Brandon M and Jones Deana M
Buyer's Agent
Ryan Nicely
RE/MAX ALL STARS
List Price
$339,900
Sold Price
$325,000
Premium/Discount to List
-$14,900
-4.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.38%
Original Mortgage
$260,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2018
Sold by
Steele Ronny R and Steele Francoise F
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 18, 2008
Sold by
Townside Construction Co Inc
Bought by
Steele Ronny R and Steele Francoise F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.4%
Mortgage Type
New Conventional
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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Purchase History

Date Buyer Sale Price Title Company
Kretser Michael P $420,000 Fidelity National Ttl Ins Co
Jones Brandon M $325,000 Fidelity National Title Agen
Federal National Mortgage Association $286,300 None Available
Steele Ronny R $465,397 Acquisition Title & Settleme
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kretser Michael P $402,500
Previous Owner Jones Brandon M $260,000
Previous Owner Steele Ronny R $372,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/09/2020 03/09/20 Sold $420,000 -1.2% $101 / Sq Ft
01/19/2020 01/19/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $424,950 +30.8% $102 / Sq Ft
07/02/2018 07/02/18 Sold $325,000 -4.4% $79 / Sq Ft View Prior Sale
06/05/2018 06/05/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $339,900 -- $83 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $5,761 $559,300 $65,000 $494,300
2024 $5,388 $518,100 $63,000 $455,100
2023 $5,045 $475,900 $60,000 $415,900
2022 $4,807 $441,000 $60,000 $381,000
2021 $0 $425,200 $60,000 $365,200
2020 $4,054 $371,900 $60,000 $311,900
2019 $3,826 $351,000 $60,000 $291,000
2018 $3,740 $344,500 $60,000 $284,500
2017 $3,740 $343,100 $60,000 $283,100
2016 $3,740 $343,100 $60,000 $283,100
2015 $3,738 $342,900 $60,000 $282,900
2014 $3,735 $342,700 $60,000 $282,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 865832

Roanoke Valley Association of REALTORS®

APN: 054.04-08-07