NOT LISTED FOR SALE

6973 Fairway Ridge Rd Salem, VA 24153

Estimated Value: $646,000 - $915,971

3 Beds
3.5 Baths
3,016 Sq Ft
$278/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $713,507 $237 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,133/month

2 Days on Market

Highlights

  • Under Construction
  • City View
  • Cul-De-Sac
  • Oak Grove Elementary School Rated A-
  • Cottage
  • Front Porch

About This Home

As of August 2020

Listed and sold same day. Customized home to meet buyers' lifestyle. Home similar to photo. 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 minutes to Carilion and VTC.

Last Agent to Sell the Property

Lynne Boone

ABOONE HOMES LLC License #0225242674 Listed on: 01/14/2020

Last Buyer's Agent

Thomas Stover

MKB, REALTORS(r) - OAK GROVE License #0225001234

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,362

Year Built

  • Built in 2020 | Under Construction

Lot Details

  • 0.92 Acre Lot
  • Cul-De-Sac
  • Level Lot
  • Cleared Lot

HOA Fees

  • $42 Monthly HOA Fees

Property Views

  • City
  • Mountain

Home Design

  • Cottage
  • Brick Exterior Construction
  • Hardboard

Interior Spaces

  • 1-Story Property
  • Bookcases
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Laundry on main level

Kitchen

  • Built-In Oven
  • Gas Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Attached Garage
  • Garage Door Opener

Outdoor Features

  • Front Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Lynne Boone Association
  • The Ridge At Fairway Forest Subdivision

Listing and Financial Details

  • Tax Lot 62

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,362

Year Built

Built in 2020 | Under Construction

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Interior Features: Book Shelves, Gas Log Fireplace
  • Heating System: Forced Air Gas, Heat Pump Electric
  • Fireplace(s): Family Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Cook Top, Dishwasher, Disposer, Garage Door Opener, Microwave Oven (Built In), Range Gas, Wall Oven
  • Cooling System: Central Cooling, Heat Pump Electric
  • Views: City, Mountain
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 1923.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsLowerLvl: 2
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LowerBelowGrdFin Sq Ft: 1093.00
  • Major Area: 02 - Roanoke County
  • Phone Email: Lynne@aboonehomes.com
  • P O A Condo Contact Name: Lynne Boone
  • POACondoDues: 500.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: 1 Story, Cottage
  • Total Above Grd Fin S Q F T: 1923
  • TotalBdrm: 3
  • TotalBths: 3.10
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3016.00
  • TotalHBaths: 1
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Rear Porch

Utilities

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

Association/Amenities

  • Misc Features: Cable TV, Cul-de-sac, New Construction, Paved Road, Underground Util

Lot Info

  • Lot Description: Cleared, Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.92
  • Lot: 62
  • Phase: 1

Building Info

  • Year Built: 2020

Tax Info

  • Taxes (6 mo): 1362.50

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
Jan 14, 2020
Closed on
Aug 26, 2020
Sold by
Westcott Llc
Bought by
Coulling Christopher J and Coulling Vicki H
Seller's Agent
Lynne Boone
ABOONE HOMES LLC
Buyer's Agent
Thomas Stover
MKB, REALTORS(r) - OAK GROVE
List Price
$699,900
Sold Price
$713,507
Premium/Discount to List
$13,607
1.94%
Current Estimated Value
$838,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,986
Avg. Annual Appreciation
3.18%
Original Mortgage
$165,000
Outstanding Balance
$146,427
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$692,066
Source: Public Records

Range of Values:

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Average Value
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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
Coulling Christopher J $699,900 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coulling Christopher J $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $713,507 +1.9% $237 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
01/14/2020 01/14/20 For Sale $699,900 -- $232 / 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 $8,433 $818,700 $144,000 $674,700
2024 $7,727 $743,000 $140,000 $603,000
2023 $7,331 $691,600 $140,000 $551,600
2022 $6,704 $615,000 $130,000 $485,000
2021 $6,283 $576,400 $125,000 $451,400
2020 $1,363 $125,000 $125,000 $0
2019 $1,363 $125,000 $125,000 $0
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

  • Lynne Boone

    Seller's Agent in 2020

    Lynne Boone

    ABOONE HOMES LLC

    (540) 556-9833

    85 Total Sales

    Lynne Boone
    Section Image

  • T

    Buyer's Agent in 2020

    Thomas Stover

    MKB, REALTORS(r) - OAK GROVE

    (540) 339-9750

    88 Total Sales

    Thomas Stover
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 866055

Roanoke Valley Association of REALTORS®

APN: 066.04-09-17

Virginia Roanoke County Salem 24153

6973 Fairway Ridge Rd, Salem, VA

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