NOT LISTED FOR SALE

703 N Broad St Salem, VA 24153

Estimated Value: $323,106 - $380,000

2 Beds
2 Baths
1,649 Sq Ft
$210/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $320,000 $194 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,928/month

18 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Cottage
  • Salem High School Rated A-
  • No HOA
  • Fenced Yard

About This Home

As of June 2024

Walk to Salem's Downtown, the public golf course and Stonegate pool. This charming home is located in one of Salem's most desirable areas. Quaint two bedroom, two bath home all on one level with a detached garage and workshop, front and back porch, two storage buildings and fenced yard. The pool has not been used in several years and may need repairs- but that's cheaper than putting in a new one! Enjoy your summer walking to the Farmer's Market and laying by your pool!

Last Agent to Sell the Property

Jenn Fountain

NEST REALTY ROANOKE License #0225206250 Listed on: 04/16/2024

NEST REALTY ROANOKE

Last Buyer's Agent

Mac Westland

MAC WESTLAND REAL ESTATE GROUP License #0225237901

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,838

Year Built

  • Built in 1930

Lot Details

  • 8,276 Sq Ft Lot
  • Fenced Yard
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Cottage

Interior Spaces

  • 1,649 Sq Ft Home
  • Den with Fireplace
  • Partially Finished Basement
  • Walk-Out Basement
  • Laundry on main level

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Deck
  • Shed
  • Front Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 6

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,838

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Fireplace(s): Den
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Partial
  • Major Appliances: Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling, Heat Pump Gas
  • Outside Features: Deck, Fenced Yard, In-Ground Pool, Paved Driveway, Storage Shed
  • BedroomsBREntryLevel: 2
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1649.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 2
  • Grand Total Attached S Q F T: 2669
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • MasterBedroomsMasterBREntryLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • RatifiedContractDt: 2024-05-11
  • Residential Type: Detached
  • Style Of House: Cottage
  • SubdivisionMap: MonteiroLnd&ResCo
  • Total Above Grd Fin S Q F T: 1649
  • TotalBdrm: 2
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1649.00
  • TotalUnfin Sq Ft: 1020.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 1020.00
  • 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, Rear Porch

Utilities

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

Schools

  • Elementary School: West Salem
  • Middle School: Andrew Lewis
  • High School: Salem High

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.19
  • Lot: 6

Building Info

  • Year Built: 1930

Tax Info

  • Taxes (6 mo): 2838.00
  • FILLTAXID: 70-1-6

MLS Schools

  • Elementary School: West Salem
  • HighSchool: Salem High
  • Middle School: Andrew Lewis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2024
Closed on
Jun 27, 2024
Sold by
Pedigo Marvin Lynn and Thompson Pedigo Kathryn
Bought by
Newsom Riley
Seller's Agent
Jenn Fountain
NEST REALTY ROANOKE
Buyer's Agent
Mac Westland
MAC WESTLAND REAL ESTATE GROUP
List Price
$329,000
Sold Price
$320,000
Premium/Discount to List
-$9,000
-2.74%
Views
39
Current Estimated Value
$330,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,483
Avg. Annual Appreciation
7.58%
Original Mortgage
$310,400
Outstanding Balance
$308,065
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$38,962
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
Newsom Riley $320,000 Priority Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newsom Riley $310,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 Sold $320,000 -2.7% $194 / Sq Ft
05/11/2024 05/11/24 Pending -- -- --
04/23/2024 04/23/24 For Sale $329,000 -- $200 / 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 $1,419 $236,500 $49,400 $187,100
2023 $2,642 $220,200 $45,600 $174,600
2022 $2,328 $194,000 $43,700 $150,300
2021 $2,212 $184,300 $41,800 $142,500
2020 $2,153 $179,400 $39,900 $139,500
2019 $2,015 $167,900 $38,000 $129,900
2018 $1,876 $159,000 $34,200 $124,800
2017 $1,861 $157,700 $34,200 $123,500
2016 $1,861 $157,700 $34,200 $123,500
2015 $1,739 $147,400 $26,600 $120,800
2014 $1,739 $147,400 $26,600 $120,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jenn Fountain

    NEST REALTY ROANOKE

    (540) 314-0029

    28 in this area

    73 Total Sales

    Section Image
  • Mac Westland

    Buyer's Agent in 2024

    Mac Westland

    MAC WESTLAND REAL ESTATE GROUP

    (540) 385-9400

    19 in this area

    273 Total Sales

    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 906719

Roanoke Valley Association of REALTORS®

APN: 70-1-6

Virginia Salem City County Salem 24153

703 N Broad St, Salem, VA

This home is located at 703 N Broad St, Salem, VA 24153 since 16 April 2024 and is currently estimated at $347,027, approximately $210 per square foot. This property was built in 1930. 703 N Broad St is a home located in Salem City with nearby schools including West Salem Elementary School, Andrew Lewis Middle School, and Salem 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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