NOT LISTED FOR SALE

6229 W Main St Salem, VA 24153

Estimated Value: $281,000 - $428,000

4 Beds
2 Baths
2,726 Sq Ft
$124/Sq Ft Est. Value

Last Sold May 11, 2022

Last sale price $210,000 $77 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,045/month

673 Days on Market

About This Home

As of May 2022

Great Opportunity to own prime investment property in Roanoke County with extra land to develop or build on. Main building was a former restaurant but is now divided into two apartments. One is a 3br 1Ba and the other is 2Br 1Ba. Convenient to Glenvar Schools and I81. Land includes potential additional access through deeded right of way off Peaceful Dr.

Last Agent to Sell the Property

Jason Underwood

THOMAS & WALL REAL ESTATE LLC License #0225056478 Listed on: 04/20/2020

Last Buyer's Agent

Joe Alls

RE/MAX ALL STARS License #0225244163

RE/MAX ALL STARS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,007

Year Built

  • Built in 1940

Lot Details

  • 6.16 Acre Lot
  • Lot Dimensions are 566 x 500 x 495 x 540

Home Design

  • 2,726 Sq Ft Home
  • Slab Foundation

Schools

  • Glenvar Elementary And Middle School
  • Glenvar High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 1 Leased Unit
  • Operating Expense $3,500
  • Gross Income $20,500
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,007

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-02-22
  • TotalAnnualExpen: 3500.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Schools

  • Elementary School: Glenvar
  • Middle School: Glenvar
  • High School: Glenvar

Lot Info

  • Lot Dimensions: 566 x 500 x 495 x 540
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 6.16

Building Info

  • Year Built: 1940

Tax Info

  • Taxes (6 mo): 2007.00
  • FILLTAXID: 072.02-01-03.00-0000

Multi Family

  • Tenant Pays: All Utilities
  • Units In Building: 3.00
  • Multi Family Type: Other - See Remarks

MLS Schools

  • Elementary School: Glenvar
  • HighSchool: Glenvar
  • Middle School: Glenvar

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2023
Sold by
Curtis Investments Llc
Bought by
Curtis Investments Llc and Black Owl Llc
Current Estimated Value
$338,092

Purchase Details

Listed on
Apr 20, 2020
Closed on
Mar 22, 2022
Sold by
Underwood Winston L
Bought by
Curtis Investments Llc
Seller's Agent
Jason Underwood
THOMAS & WALL REAL ESTATE LLC
Buyer's Agent
Joe Alls
RE/MAX ALL STARS
List Price
$229,900
Sold Price
$210,000
Premium/Discount to List
-$19,900
-8.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.92%
Source: Public Records

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Range of Values:

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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
Curtis Investments Llc -- First Choice Title
Curtis Investments Llc $210,000 First Choice Title & Settlemen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Owl Llc $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $210,000 -8.7% $77 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
04/20/2020 04/20/20 For Sale $229,900 -- $84 / 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
2024 $2,239 $215,300 $78,600 $136,700
2023 $2,253 $212,500 $85,400 $127,100
2022 $2,207 $202,500 $85,400 $117,100
2021 $2,175 $199,500 $85,400 $114,100
2020 $2,045 $187,600 $85,400 $102,200
2019 $2,007 $184,100 $85,400 $98,700
2018 $1,964 $180,800 $85,400 $95,400
2017 $1,964 $180,200 $85,400 $94,800
2016 $1,952 $179,100 $85,400 $93,700
2015 $1,940 $178,000 $85,400 $92,600
2014 $1,927 $176,800 $85,400 $91,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jason Underwood

    THOMAS & WALL REAL ESTATE LLC

    (757) 613-9109

    11 Total Sales

    Jason Underwood
    Section Image
  • Joe Alls

    Buyer's Agent in 2022

    Joe Alls

    RE/MAX

    (540) 400-2131

    75 Total Sales

    Joe Alls
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 868774

Roanoke Valley Association of REALTORS®

APN: 072.02-01-03

Virginia Roanoke County Salem 24153

6229 W Main St, Salem, VA

This home is located at 6229 W Main St, Salem, VA 24153 since 20 April 2020 and is currently estimated at $338,092, approximately $124 per square foot. This property was built in 1940. 6229 W Main St is a home located in Roanoke County with nearby schools including Glenvar Elementary School, Glenvar Middle School, and Glenvar High School.

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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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