NOT LISTED FOR SALE

702 Hill Ave Salem, VA 24153

Salem Area

Estimated Value: $223,000 - $244,000

2 Beds
1 Bath
1,412 Sq Ft
$166/Sq Ft Est. Value

Sale Details

Date Sold: August 31, 2020

Last sale price $135,000 $96 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,365 / mo

2 Days on Market

Highlights

  • No HOA
  • Front Porch
  • Forced Air Heating and Cooling System
  • Cottage
  • Patio

About This Home

As of August 2020

New roof in 2012, new HEIL AC in 2019, Tub was glazed in 2019, Hardwood Floors.

Last Agent to Sell the Property

David Carty

IVY REALTY LLC License #0225037039 Listed on: 07/13/2020

Last Buyer's Agent

David Carty

IVY REALTY LLC License #0225037039 Listed on: 07/13/2020

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,297

Year Built

  • Built in 1957

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 75 x 150
  • Property is zoned RSF

Home Design

  • Cottage

Interior Spaces

  • 1,412 Sq Ft Home
  • Living Room with Fireplace
  • Partial Basement
  • Electric Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Patio
  • Front Porch

Schools

  • South Salem Elementary School
  • Andrew Lewis Middle School
  • Salem High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1 and 1/2 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,297

Year Built

Built in 1957

Lot Details

0.25 Acres

Listing Details

  • Heating System: Forced Air Gas
  • Fireplace(s): Living Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Patio, Paved Driveway
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 1412.00
  • Fireplace Number Fireplaces: 1
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Cottage
  • SubagentAuthorized: No
  • SubdivisionMap: Salem Development
  • Total Above Grd Fin S Q F T: 1412
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1412.00
  • TotalUnfin Sq Ft: 570.00
  • UncoveredNumberSpaces: 2.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 570.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

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

Association/Amenities

  • Misc Features: Cable TV

Lot Info

  • Lot Description: Varied
  • Lot Dimensions: 75 x 150
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.25
  • Lot: 1 and 1/2 2
  • ZoningCode: RSF

Building Info

  • Year Built: 1957

Tax Info

  • Taxes (6 mo): 1296.82

MLS Schools

  • Elementary School: South Salem
  • 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
Jul 13, 2020
Closed on
Aug 4, 2020
Sold by
Bought by
Seller's Agent
David Carty
IVY REALTY LLC
Buyer's Agent
David Carty
IVY REALTY LLC
List Price
$139,950
Sold Price
$135,000
Premium/Discount to List
-$4,950
-3.54%
Current Estimated Value
$233,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,688
Avg. Annual Appreciation
9.61%
Original Mortgage
$101,250
Outstanding Balance
$87,578
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$146,110

Purchase Details

Listed on
Oct 3, 2011
Closed on
Jan 13, 2012
Sold by
Bought by
Seller's Agent
Jenny Justice
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN
Buyer's Agent
David Carty
IVY REALTY LLC
List Price
$99,000
Sold Price
$100,000
Premium/Discount to List
$1,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.54%
Original Mortgage
$97,465
Interest Rate
3.5%
Mortgage Type
FHA
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

  • Thomas Fellers Real Estate Agent - MKB, Roanoke

    Thomas Fellers

    MKB, Roanoke

    (540) 427-7269

    222 Total Sales

    14 in Salem

    $195K - $700K Price Range

    Thomas Fellers
     Section Image
  • Dayna Patrick Real Estate Agent - RE/MAX All Stars

    Dayna Patrick

    Responds Quickly

    RE/MAX All Stars

    (540) 384-4566

    227 Total Sales

    7 in Salem

    $219K - $675K Price Range

    Dayna Patrick
     Section Image
  • Rick Payne Real Estate Agent - MKB, Roanoke

    Rick Payne

    MKB, Roanoke

    (540) 501-7697

    86 Total Sales

    5 in Salem

    $230K - $336K Price Range

    Rick Payne
     Section Image
  • Dena Balzano Real Estate Agent - LICHTENSTEIN ROWAN, REALTORS(r)

    Dena Balzano

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 329-2423

    92 Total Sales

    10 in Salem

    $195K - $675K Price Range

    Dena Balzano
     Section Image
  • Daniel Bennett Real Estate Agent - eXp Realty - Blacksburg

    Daniel Bennett

    eXp Realty - Blacksburg

    (540) 900-2938

    132 Total Sales

    9 in Salem

    $125K - $455K Price Range

    Daniel Bennett
     Section Image
  • Judy Hillman Real Estate Agent - LONG & FOSTER - ROANOKE OFFICE

    Judy Hillman

    LONG & FOSTER - ROANOKE OFFICE

    (540) 900-2923

    116 Total Sales

    3 in Salem

    $235K - $330K Price Range

    Judy Hillman
     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
$135,000 Acquisition Ttl & Setmnt Agc
$100,000 Acquisition Title & Settleme
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 $101,250
Previous Owner $97,465
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 Prior Sale
08/31/2020 08/31/20 Sold $135,000 -3.5% $96 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $139,950 +40.0% $99 / Sq Ft
01/19/2012 01/19/12 Sold $100,000 +1.0% $55 / Sq Ft View Prior Sale
12/09/2011 12/09/11 Pending -- -- --
10/03/2011 10/03/11 For Sale $99,000 -- $55 / 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
2025 $1,000 $169,500 $39,100 $130,400
2024 $949 $158,200 $37,300 $120,900
2023 $1,704 $142,000 $34,500 $107,500
2022 $1,567 $130,600 $29,900 $100,700
2021 $1,480 $123,300 $28,400 $94,900
2020 $1,375 $114,600 $28,400 $86,200
2019 $1,319 $109,900 $28,400 $81,500
2018 $1,285 $108,900 $28,400 $80,500
2017 $1,270 $107,600 $28,400 $79,200
2016 $1,205 $102,100 $28,400 $73,700
2015 $1,088 $92,200 $28,000 $64,200
2014 $1,088 $92,200 $28,000 $64,200
Source: Public Records

Agents Affiliated with this Home

  • David Carty Real Estate Agent - IVY REALTY LLC

    Seller's Agent in 2020

    David Carty

    IVY REALTY LLC

    (540) 314-5909

    17 Total Sales

    David Carty
    Section Image

  • J

    Seller's Agent in 2012

    Jenny Justice

    BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

    (540) 520-5053

    12 Total Sales

    Jenny Justice
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 871235

Roanoke Valley Association of REALTORS®

APN: 202-5-4

Virginia Salem City County Salem 24153

702 Hill Ave, 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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