NOT LISTED FOR SALE

516 Front Ave Salem, VA 24153

Estimated Value: $247,000 - $267,728

4 Beds
1.5 Baths
2,000 Sq Ft
$129/Sq Ft Est. Value

Sale Details

Date Sold: August 11, 2023

Last sale price $225,000 $112 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,493 / mo

1 Day on Market

Highlights

  • Hilly Lot
  • Front Porch
  • Patio
  • No HOA
  • Bay Window
  • Garden

About This Home

As of August 2023

Welcome to South Salem, where convenience and recreation meet in perfect harmony. This inviting 4-bedroom, 1.5-bathroom home is situated within walking distance of the scenic Greenway and Moyer Sports Complex, offering an unparalleled lifestyle for active individuals and families. The spacious layout encompasses four bedrooms, providing ample space for family, guests, or even a home office. Step into the backyard oasis, complete with beautiful landscaping, for a serene and private outdoor retreat. Whether you envision hosting barbecues, playing with your children or pets, or simply unwinding after a long day, this backyard provides the ideal setting. Some recent updates include: new furnace (2020), new heat pump (2020).

Last Agent to Sell the Property

Kristi Bowman

MKB, REALTORS(r) License #0225254271 Listed on: 06/21/2023

MKB, REALTORS(r)

Last Buyer's Agent

Hilarie Baber

WAINWRIGHT & CO., REALTORS(r) License #0225216503

WAINWRIGHT & CO., REALTORS(r)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,854

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Hilly Lot
  • Garden

Parking

  • Off-Street Parking

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Bay Window
  • Family Room with Fireplace
  • Laundry on main level
  • Basement

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Patio
  • Front Porch

Schools

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

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 15 & 16 / 18

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,854

Year Built

Built in 1920

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Interior Features: Bookcases, Ceiling Fan(s)
  • Heating System: Forced Air Gas, Heat Pump Electric
  • Fireplace(s): Family Room, Masonry
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Dirt Floor, Partial
  • Major Appliances: Dishwasher, Range Electric, Refrigerator
  • Cooling System: Central Air
  • Outside Features: Bay Window, Garden Space, Patio, Shed(s)
  • AddlCoveredPrkng: Not Applicable
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1018.00
  • ExteriorDoors: Wood
  • Fireplace Number Fireplaces: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: 2 Story
  • Total Above Grd Fin S Q F T: 2000
  • TotalBdrm: 4
  • TotalBths: 1.10
  • TotalFBaths: 1
  • Total Finished Sq Ft: 2000.00
  • TotalHBaths: 1
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 982.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Covered Porch, Front Porch, Rear Porch, Screened Porch

Utilities

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

Association/Amenities

  • Misc Features: Maint-Free Exterior, Paved Road

Lot Info

  • Lot Description: Hilly
  • Lot Dimensions: 6490 Sq Ft
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.15
  • Lot: 15 & 16

Building Info

  • Year Built: 1920

Tax Info

  • Taxes (6 mo): 1854.00

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Aug 11, 2023
Sold by
Bought by
Seller's Agent
Kristi Bowman
MKB, REALTORS(r)
Buyer's Agent
Hilarie Baber
WAINWRIGHT & CO., REALTORS(r)
List Price
$200,000
Sold Price
$225,000
Premium/Discount to List
$25,000
12.5%
Views
27
Current Estimated Value
$258,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,432
Avg. Annual Appreciation
4.93%
Original Mortgage
$229,837
Outstanding Balance
$224,502
Interest Rate
6.71%
Mortgage Type
VA
Estimated Equity
$33,930

Purchase Details

Listed on
Sep 17, 2020
Closed on
Oct 21, 2020
Sold by
Bought by
Seller's Agent
Katy Cookston
KW SALEM PROFESSIONALS
Buyer's Agent
Teresa Sutherland
LICHTENSTEIN ROWAN, REALTORS(r)
List Price
$160,000
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.15%
Original Mortgage
$152,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,662
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 28, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Pike Title
$160,000 Fidelity National Ttl Ins Co
-- None Available
$100,000 American Title & Settlement
$150,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $229,837
Previous Owner $152,000
Previous Owner $96,000
Previous Owner $96,662
Previous Owner $15,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2023 08/11/23 Sold $225,000 +12.5% $113 / Sq Ft
06/22/2023 06/22/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $200,000 +25.0% $100 / Sq Ft
11/06/2020 11/06/20 Sold $160,000 0.0% $82 / Sq Ft View Prior Sale
10/06/2020 10/06/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $160,000 -- $82 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,269 $215,000 $34,300 $180,700
2024 $1,181 $196,900 $32,700 $164,200
2023 $1,978 $164,800 $30,200 $134,600
2022 $1,854 $154,500 $26,200 $128,300
2021 $1,432 $119,300 $24,900 $94,400
2020 $1,424 $118,700 $24,900 $93,800
2019 $1,388 $115,700 $24,900 $90,800
2018 $1,358 $115,100 $24,900 $90,200
2017 $1,482 $125,600 $24,900 $100,700
2016 $1,480 $125,400 $24,900 $100,500
2015 $1,474 $124,900 $24,700 $100,200
2014 $1,474 $124,900 $24,700 $100,200
Source: Public Records

Agents Affiliated with this Home

  • Kristi Bowman

    Seller's Agent in 2023

    Kristi Bowman

    MKB, REALTORS(r)

    (540) 989-4555

    52 Total Sales

    Kristi Bowman
    Section Image

  • H

    Buyer's Agent in 2023

    Hilarie Baber

    WAINWRIGHT & CO., REALTORS(r)

    (540) 798-9860

    47 Total Sales

    Hilarie Baber
    Section Image
  • Norm Pullen

    Buyer Co-Listing Agent in 2023

    Norm Pullen

    REAL BROKER, LLC - ROANOKE

    (540) 330-6906

    368 Total Sales

    Norm Pullen
    Section Image
  • Katy Cookston

    Seller's Agent in 2020

    Katy Cookston

    KW SALEM PROFESSIONALS

    (540) 520-8402

    209 Total Sales

    Katy Cookston
    Section Image

  • T

    Buyer's Agent in 2020

    Teresa Sutherland

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 613-7604

    Teresa Sutherland
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 899264

Roanoke Valley Association of REALTORS®

APN: 201-5-1

Virginia Salem City County Salem 24153

516 Front Ave, Salem, VA

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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