Estimated Value: $292,491 - $314,000
2
Beds
2
Baths
2,808
Sq Ft
$108/Sq Ft
Est. Value
Highlights
- City View
- No HOA
- Forced Air Heating and Cooling System
- Salem High School Rated A-
About This Home
As of July 2021Amazing opportunity to purchase a very cute money making property with unlimited potential! 1 house features 2 bedrooms, 2 full bathrooms, updated flooring, kitchen, sitting area with stone fireplace, replacement windows, and a metal roof. 2nd apartment features 2 bedrooms and 1 bathroom, with updated floors, kitchen, and has a full basement under it for lots of storage space. Live in one, rent out the other, rent both, use one for in laws, guests, the options are unlimited!
Last Agent to Sell the Property
RE/MAX REAL ESTATE ONE License #0225092153 Listed on: 06/20/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,057
Year Built
- Built in 1925
Lot Details
- 0.26 Acre Lot
Property Views
- City
- Mountain
Home Design
- Duplex
Interior Spaces
- 2,808 Sq Ft Home
- Basement Fills Entire Space Under The House
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
- Tenant pays for - see remarks
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2021
Closed on
Jul 19, 2021
Sold by
Martin Timothy R and Martin Susan C
Bought by
Garmon Mack B
Seller's Agent
Mack Garmon
RE/MAX REAL ESTATE ONE
Buyer's Agent
Mack Garmon
RE/MAX REAL ESTATE ONE
List Price
$225,000
Sold Price
$230,000
Premium/Discount to List
$5,000
2.22%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,873
Avg. Annual Appreciation
7.70%
Original Mortgage
$184,000
Outstanding Balance
$169,108
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$138,919
Purchase Details
Listed on
Jun 20, 2021
Closed on
Jul 14, 2021
Sold by
Martin Timothy R and Martin Susan C
Bought by
Garmon Mack B
Seller's Agent
Mack Garmon
RE/MAX REAL ESTATE ONE
Buyer's Agent
Mack Garmon
RE/MAX REAL ESTATE ONE
List Price
$225,000
Sold Price
$230,000
Premium/Discount to List
$5,000
2.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Outstanding Balance
$169,108
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$138,919
Similar Homes in Salem, VA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Garmon Mack B | $230,000 | First American Title Ins Co | |
| Garmon Mack B | $230,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Garmon Mack B | $184,000 | |
| Closed | Garmon Mack B | $184,000 | |
| Previous Owner | Martin Susan C | $125,000 | |
| Previous Owner | Martin Susan C | $66,895 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/19/2021 07/19/21 | Sold | $230,000 | +2.2% | $82 / Sq Ft |
| 06/23/2021 06/23/21 | Pending | -- | -- | -- |
| 06/20/2021 06/20/21 | For Sale | $225,000 | -- | $80 / Sq Ft |
Source: Roanoke Valley Association of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,566 | $261,000 | $36,600 | $224,400 |
| 2023 | $2,788 | $232,300 | $34,500 | $197,800 |
| 2022 | $2,597 | $216,400 | $29,300 | $187,100 |
| 2021 | $2,057 | $171,400 | $28,000 | $143,400 |
| 2020 | $2,028 | $169,000 | $28,000 | $141,000 |
| 2019 | $1,999 | $166,600 | $28,000 | $138,600 |
| 2018 | $1,951 | $165,300 | $28,000 | $137,300 |
| 2017 | $1,929 | $163,500 | $28,000 | $135,500 |
| 2016 | $1,929 | $163,500 | $28,000 | $135,500 |
| 2015 | $1,892 | $160,300 | $32,000 | $128,300 |
| 2014 | $1,892 | $160,300 | $32,000 | $128,300 |
Source: Public Records
Agents Affiliated with this Home
-
Mack Garmon
Seller's Agent in 2021
Mack Garmon
RE/MAX
(540) 354-5141
90 Total Sales
-
Sharon Smith
Seller Co-Listing Agent in 2021
Sharon Smith
RE/MAX
(540) 797-4333
71 Total Sales
Map
Source: Roanoke Valley Association of REALTORS®
MLS Number: 881102
APN: 48-1-8
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