NOT LISTED FOR SALE

538 N Market St Salem, VA 24153

Estimated Value: $511,000 - $600,000

0.28 Acre
$1,944,187 Price per Acre
12,371 Sq Ft Lot

Last Sold September 05, 2017

Last sale price $97,000 $40 Per Sq Ft

Est. 469% increase in value since last sale

Current estimated payment $3,236/month

66 Days on Market

Highlights

  • No HOA
  • Salem High School Rated A-
  • Level Lot

About This Lot

As of September 2017

Beautiful building lot in the heart of the City of Salem and Roanoke College. Walking distance to downtown Salem. Convenient to the interstate.

Last Agent to Sell the Property

Julie Poff

MKB, REALTORS(r) License #0225063336 Listed on: 06/02/2017

MKB, REALTORS(r)

Last Buyer's Agent

Phillip Darnall

RE/MAX REAL ESTATE ONE License #0225054834

RE/MAX REAL ESTATE ONE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $600

Lot Details

  • Lot Dimensions are 60 x 274.83
  • Level Lot
  • Property is zoned RSF

Schools

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

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 16

Property Details

Property Type

Land

Est. Annual Taxes

$600

Lot Details

0

Listing Details

  • Type: Land
  • ElectricDescription: Other - See Remarks
  • Internet Access: Cable
  • Land Sub Type: Residential - Single Family
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2017-08-07
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Gas Description: Natural Gas
  • Sewer Description: Public Sewer
  • Water Description: Public Water

Association/Amenities

  • Misc Features: Cable TV Avail

Schools

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

Lot Info

  • Lot Dimensions: 60 x 274.83
  • Property Group Id: 19990816212131825981000000
  • Land Description: Level
  • Lot: 16
  • Land Type: Lot
  • ZoningCode: RSF

Tax Info

  • Taxes (6 mo): 600.00
  • FILLTAXID: 71-2-2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2015
Closed on
Oct 28, 2015
Sold by
Pace G Michael and Pace Nancy H
Bought by
Cooper Daniel E and Cooper Sharon H
Buyer's Agent
Rob Robinson
RE/MAX REAL ESTATE ONE
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%
Current Estimated Value
$552,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,149
Avg. Annual Appreciation
2.10%

Purchase Details

Listed on
Aug 15, 2014
Closed on
Nov 6, 2014
Sold by
Hoyt H Gunther and Hoyt Hetty T
Bought by
Pace G Michael and Pace Nancy H
List Price
$500,000
Sold Price
$490,000
Premium/Discount to List
-$10,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.57%

Purchase Details

Closed on
Feb 17, 2014
Sold by
Hoyt H Gunther and Hoyt Hetty T
Bought by
Hoyt H Gunther and Hoyt Hetty T
Source: Public Records

Range of Values:

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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
Cooper Daniel E $450,000 Fidelity National Title Ins
Pace G Michael $575,000 Fidelity Natl Title Ins Co
Hoyt H Gunther -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoyt H Gunther $327,000
Previous Owner Hoyt H Gunther $50,000
Previous Owner Hoyt H Gunther $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2017 09/05/17 Sold $97,000 -7.6% $40 / Sq Ft
08/07/2017 08/07/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $104,950 -76.7% $43 / Sq Ft
11/06/2015 11/06/15 Sold $450,000 -9.1% $183 / Sq Ft
10/10/2015 10/10/15 Pending -- -- --
08/04/2015 08/04/15 For Sale $495,000 +1.0% $202 / Sq Ft
11/25/2014 11/25/14 Sold $490,000 -2.0% $200 / Sq Ft
08/17/2014 08/17/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $500,000 -- $204 / 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 $2,808 $475,900 $61,000 $414,900
2024 $2,717 $452,800 $59,600 $393,200
2023 $5,078 $423,200 $55,100 $368,100
2022 $4,830 $402,500 $52,800 $349,700
2021 $4,690 $390,800 $50,500 $340,300
2020 $4,583 $381,900 $48,200 $333,700
2019 $4,312 $359,300 $45,900 $313,400
2018 $4,171 $353,500 $41,300 $312,200
2017 $3,901 $330,600 $41,300 $289,300
2016 $3,887 $329,400 $41,300 $288,100
2015 $3,179 $269,400 $38,000 $231,400
2014 $3,179 $269,400 $38,000 $231,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 838089

Roanoke Valley Association of REALTORS®

APN: 71-2-1