NOT LISTED FOR SALE

611 N Mill Rd Unit 621 Salem, VA 24153

Salem Area

Estimated Value: $316,676

2 Beds
2 Baths
2,808 Sq Ft
$113/Sq Ft Est. Value

Sale Details

Date Sold: July 19, 2021

Last sale price $230,000 $82 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,030 / mo

3 Days on Market

Highlights

  • City View
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of July 2021

Amazing 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

Mack Garmon

RE/MAX REAL ESTATE ONE License #0225092153 Listed on: 06/20/2021

RE/MAX REAL ESTATE ONE

Co-Listed By

Sharon Smith

RE/MAX REAL ESTATE ONE License #0225086492

Last Buyer's Agent

MACK GARMON

RE/MAX ALL POINTS

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,057

Year Built

  • Built in 1925

Lot Details

  • 11,326 Sq Ft 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,057

Year Built

Built in 1925

Lot Details

0.26 Acres

Listing Details

  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Full Basement
  • Cooling System: Central Cooling
  • Views: City, Mountain
  • Major Area: 03 - City of Salem
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.26
  • Present Use: Built-As

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 2057.00

Multi Family

  • Tenant Pays: Other - See Remarks
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: G. W. Carver
  • 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 20, 2021
Closed on
Jul 14, 2021
Sold by
Martin Timothy R and Martin Susan C
Bought by
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
$316,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,676
Avg. Annual Appreciation
6.38%
Original Mortgage
$184,000
Outstanding Balance
$162,917
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$153,759
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Salem, VA

  • Kimberly Harlow Real Estate Agent - VARNEY REALTY PARTNERS

    Kimberly Harlow

    VARNEY REALTY PARTNERS

    (540) 517-6711

    7 Total Sales

    3 in Salem

    $200K - $227K Price Range

    Kimberly Harlow
     Section Image
  • Kat Pascal Real Estate Agent - MOUNTAIN VIEW REAL ESTATE LLC

    Kat Pascal

    MOUNTAIN VIEW REAL ESTATE LLC

    (540) 384-9221

    28 Total Sales

    2 in Salem

    $146K - $189K Price Range

    Kat Pascal
     Section Image
  • Rose Dudley Real Estate Agent - LICHTENSTEIN ROWAN, REALTORS(r)

    Rose Dudley

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 329-3907

    73 Total Sales

    1 in Salem

    $400,000 Price

    Rose Dudley
     Section Image
  • Darin Greear Real Estate Agent - Long & Foster - Blacksburg

    Darin Greear

    Long & Foster - Blacksburg

    (540) 518-0531

    598 Total Sales

    1 in Salem

    $578,000 Price

    Darin Greear
     Section Image
  • Anastasia Thompson Real Estate Agent - WAINWRIGHT & CO., REALTORS(r)

    Anastasia Thompson

    WAINWRIGHT & CO., REALTORS(r)

    (540) 302-2465

    51 Total Sales

    6 in Salem

    $105K - $430K Price Range

    Anastasia Thompson
     Section Image
  • Brenda Woody Real Estate Agent - Long & Foster - Blacksburg

    Brenda Woody

    Responds Quickly

    Long & Foster - Blacksburg

    (540) 385-4026

    130 Total Sales

    4 in Salem

    $177K - $240K Price Range

    Brenda Woody
     Section Image
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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
$230,000 First American Title
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 $184,000
Previous Owner Martin Susan C $125,000
Previous Owner Martin Susan C $66,895
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
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

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
2026 $3,282 $282,900 $40,900 $242,000
2025 $1,585 $268,700 $37,900 $230,800
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 Real Estate Agent - RE/MAX

    Seller's Agent in 2021

    Mack Garmon

    RE/MAX

    (540) 354-5141

    82 Total Sales

    Mack Garmon
    Section Image
  • Sharon Smith Real Estate Agent - RE/MAX

    Seller Co-Listing Agent in 2021

    Sharon Smith

    RE/MAX

    (540) 797-4333

    57 Total Sales

    Sharon Smith
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 881102

Roanoke Valley Association of REALTORS®

APN: 48-1-8

Virginia Salem City County Salem 24153

611 N Mill Rd Unit 621, 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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