$162,000
SOLD NOV 7, 2018

6895 Fairway Ridge Rd Salem, VA 24153

0.68 Acre
$238,235 Price per Acre
29,621 Sq Ft Lot

Recently Sold

7% Below List Price

Highlights

  • Views
  • Oak Grove Elementary School Rated A-
  • Level Lot

About This Lot

As of June 2023

The Ridge at Fairway Forest is Southwest County's premier luxury new home community. Flat lots with great backyards, spectacular views, unmatched architecture. Hidden Valley schools. 5 minutes to Lewis Gale and Hidden Valley CC, 10 minutes to VA Medical Center; 20 mins to Carilion and VTC.

Last Agent to Sell the Property

Alexander Boone

ABOONE HOMES LLC License #0225239513 Listed on: 03/25/2018

Last Buyer's Agent

Alexander Boone

ABOONE HOMES LLC License #0225239513 Listed on: 03/25/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,362

Lot Details

  • 0.68 Acre Lot
  • Level Lot
  • Property is zoned AR

Schools

  • Oak Grove Elementary School
  • Hidden Valley Middle School
  • Hidden Valley High School

Utilities

  • Underground Utilities

Additional Features

  • Property Views

Community Details

  • Property has a Home Owners Association
  • The Ridge At Fairway Forest Subdivision

Listing and Financial Details

  • Tax Lot 72

Property Details

Property Type

Land

Est. Annual Taxes

$1,362

Lot Details

0

Listing Details

  • Type: Land
  • Views: Sunset
  • ElectricDescription: Below Ground
  • Land Sub Type: Residential - Single Family
  • Major Area: 02 - Roanoke County
  • Hoa2 Or Poa: Yes
  • RatifiedContractDt: 2018-03-25
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

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

Schools

  • Elementary School: Oak Grove
  • Middle School: Hidden Valley
  • High School: Hidden Valley

Lot Info

  • Property Group Id: 19990816212131825981000000
  • Land Description: Level
  • Total Acreage: 0.68
  • Lot: 72
  • Land Type: Lot
  • ZoningCode: AR

Tax Info

  • Taxes (6 mo): 1362.50
  • FILLTAXID: 066.04-09-07.00-0000

MLS Schools

  • Elementary School: Oak Grove
  • HighSchool: Hidden Valley
  • Middle School: Hidden Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2023
Closed on
May 17, 2023
Sold by
Rippel Christopher A
Bought by
Gibbs Gregory and Gibbs Jennifer
Seller's Agent
Thomas Stover
MKB, REALTORS(r) - OAK GROVE
Buyer's Agent
Mac Westland
MAC WESTLAND REAL ESTATE GROUP
List Price
$899,950
Sold Price
$900,000
Premium/Discount to List
$50
0.006%
Current Estimated Value
$1,031,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,114
Avg. Annual Appreciation
8.64%
Original Mortgage
$720,000
Outstanding Balance
$703,777
Interest Rate
6.39%
Mortgage Type
Construction
Estimated Equity
$368,996

Purchase Details

Listed on
Mar 25, 2018
Closed on
Oct 30, 2018
Sold by
Westcott Llc
Bought by
Rippel Christopher A and Rippel Christina N
Seller's Agent
Alexander Boone
ABOONE HOMES LLC
Buyer's Agent
Alexander Boone
ABOONE HOMES LLC
List Price
$174,950
Sold Price
$162,000
Premium/Discount to List
-$12,950
-7.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.41%
Original Mortgage
$738,000
Interest Rate
4.7%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $900,000 Priority Title
Deed $740,269 First Choice Title & Settlem
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $720,000 Construction
Previous Owner $738,000 New Conventional
Previous Owner $9,000,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2023 06/05/23 Sold $900,000 0.0% $220 / Sq Ft
03/18/2023 03/18/23 Pending -- -- --
02/25/2023 02/25/23 For Sale $899,950 +21.6% $220 / Sq Ft
11/07/2018 11/07/18 Sold $740,269 +357.0% $186 / Sq Ft
11/07/2018 11/07/18 Sold $162,000 -7.4% --
03/25/2018 03/25/18 Pending -- -- --
03/25/2018 03/25/18 For Sale $174,950 -75.0% --
03/16/2018 03/16/18 Pending -- -- --
01/18/2018 01/18/18 For Sale $699,950 -- $175 / 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 $8,963 $861,800 $140,000 $721,800
2023 $2,402 $800,000 $140,000 $660,000
2022 $7,674 $704,000 $130,000 $574,000
2021 $7,187 $659,400 $125,000 $534,400
2020 $7,119 $653,100 $125,000 $528,100
2019 $6,595 $605,000 $125,000 $480,000
2018 $1,363 $125,000 $125,000 $0
2017 $1,363 $125,000 $125,000 $0
2016 $1,363 $125,000 $125,000 $0
2015 $1,363 $125,000 $125,000 $0
2014 $1,090 $100,000 $100,000 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Thomas Stover

    MKB, REALTORS(r) - OAK GROVE

    (540) 339-9750

    100 Total Sales

    Thomas Stover
    Section Image
  • Mac Westland

    Buyer's Agent in 2023

    Mac Westland

    MAC WESTLAND REAL ESTATE GROUP

    (540) 385-9400

    274 Total Sales

    Mac Westland
    Section Image

  • A

    Seller's Agent in 2018

    Alexander Boone

    ABOONE HOMES LLC

    (540) 988-2079

    5 Total Sales

    Alexander Boone
    Section Image
  • Scott Avis

    Buyer's Agent in 2018

    Scott Avis

    MKB, REALTORS(r)

    (540) 529-1983

    341 Total Sales

    Scott Avis
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 846357

Roanoke Valley Association of REALTORS®

APN: 066-04-09-07

Virginia Roanoke County Salem 24153

6895 Fairway Ridge Rd, Salem, VA

This home is located at 6895 Fairway Ridge Rd, Salem, VA 24153 and is currently priced at $162,000. 6895 Fairway Ridge Rd is a home located in Roanoke County with nearby schools including Oak Grove Elementary School, Hidden Valley Middle School, and Hidden Valley High School.

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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