NOT LISTED FOR SALE

525 Chamberlain Ln Salem, VA 24153

Estimated Value: $288,000 - $377,920

4 Beds
3 Baths
2,604 Sq Ft
$125/Sq Ft Est. Value

Last Sold February 15, 2013

Last sale price $130,000 $50 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $1,797/month

17 Days on Market

Highlights

  • Mountain View
  • Deck
  • Ranch Style House
  • G.W. Carver Elementary School Rated 9+
  • Family Room with Fireplace
  • No HOA

About This Home

As of February 2013

House is in wonderful condition. Bank approved Short Sale. Lots of Sq ft. Sellers have started a few unfinished projects. Great Deal in City of Salem. House sold As-Is Where is. Dishwasher does not work.

Last Agent to Sell the Property

Rob Robinson

RE/MAX REAL ESTATE ONE License #0225066830 Listed on: 01/08/2013

RE/MAX REAL ESTATE ONE

Co-Listed By

Vickie Breedlove

RE/MAX REAL ESTATE ONE License #0225073175

RE/MAX REAL ESTATE ONE

Last Buyer's Agent

Vickie Breedlove

RE/MAX REAL ESTATE ONE License #0225073175

RE/MAX REAL ESTATE ONE

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $1,968

Year Built

  • Built in 1968

Lot Details

  • 0.25 Acre Lot
  • Cleared Lot

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Bay Window
  • Family Room with Fireplace
  • Mountain Views
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms

Basement

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

Schools

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

Additional Features

  • Deck
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Forest Lawns Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / B

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$1,968

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Fireplace(s): Family Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Cooling System: Heat Pump Electric
  • Outside Features: Bay Window, Deck
  • Views: Mountain
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 1334.00
  • FullBathsFullBathsLowerLvl: 1
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 1270.00
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 1334
  • TotalBdrm: 4
  • TotalBths: 3.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 2604.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Lot Info

  • Lot Description: Cleared
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.25
  • Lot: 5

Building Info

  • Year Built: 1968

Tax Info

  • Taxes (6 mo): 1968.00

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
Jan 8, 2013
Closed on
Feb 15, 2013
Sold by
Sherman Joshua V and Whitten Elizabeth Elaine
Bought by
Pruett Gregory A and Pruett Alison C
Seller's Agent
Rob Robinson
RE/MAX REAL ESTATE ONE
Buyer's Agent
Vickie Breedlove
RE/MAX REAL ESTATE ONE
List Price
$130,000
Sold Price
$130,000
Current Estimated Value
$324,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,230
Avg. Annual Appreciation
7.31%
Original Mortgage
$80,000
Outstanding Balance
$55,847
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$268,383

Purchase Details

Closed on
Mar 6, 2009
Sold by
D & S Development L L C
Bought by
Sherman Joshua and Sherman Elizabeth W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,775
Interest Rate
5.18%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2008
Sold by
Gilley James Lee and Gilley Joseph Mark
Bought by
D & S Development Llc

Purchase Details

Closed on
May 20, 2008
Sold by
Gilley James Lee and Gilley Jimmy Ray
Bought by
Gilley James Lee and Gilley Joseph Mark
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

Date Buyer Sale Price Title Company
Pruett Gregory A $130,000 Fidelity National Title Insu
Sherman Joshua $178,000 Lawyers Title
D & S Development Llc $105,000 None Available
Gilley James Lee -- Existence Of Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pruett Gregory A $80,000
Previous Owner Sherman Joshua $174,775
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2013 02/15/13 Sold $130,000 0.0% $50 / Sq Ft
01/25/2013 01/25/13 Pending -- -- --
01/08/2013 01/08/13 For Sale $130,000 -- $50 / 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 $1,365 $231,300 $43,100 $188,200
2024 $1,297 $216,100 $41,000 $175,100
2023 $2,318 $193,200 $35,900 $157,300
2022 $2,215 $184,600 $33,300 $151,300
2021 $2,153 $179,400 $31,800 $147,600
2020 $2,113 $176,100 $31,800 $144,300
2019 $2,080 $173,300 $31,800 $141,500
2018 $2,010 $170,300 $30,200 $140,100
2017 $1,991 $168,700 $30,200 $138,500
2016 $1,991 $168,700 $30,200 $138,500
2015 $1,968 $166,800 $29,500 $137,300
2014 $1,968 $166,800 $29,500 $137,300
Source: Public Records

Agents Affiliated with this Home

  • Rob Robinson

    Seller's Agent in 2013

    Rob Robinson

    RE/MAX

    (540) 520-3198

    27 in this area

    70 Total Sales

    Rob Robinson
    Section Image
  • Vickie Breedlove

    Seller Co-Listing Agent in 2013

    Vickie Breedlove

    RE/MAX

    20 in this area

    48 Total Sales

    Vickie Breedlove
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 788247

Roanoke Valley Association of REALTORS®

APN: 57-2-7

Virginia Salem City County Salem 24153

525 Chamberlain Ln, Salem, VA

Not Listed for Sale

Mobile Manufactured

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