NOT LISTED FOR SALE

706 Hill Ave Unit 708 Salem, VA 24153

Salem Area

Estimated Value: $298,471

4 Beds
1.5 Baths
2,286 Sq Ft
$131/Sq Ft Est. Value

Sale Details

Date Sold: December 27, 2023

Last sale price $245,000 $107 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,936 / mo

80 Days on Market

Highlights

  • Mountain View
  • Covered Patio or Porch
  • Restaurant
  • No HOA
  • Walk-In Closet
  • Forced Air Heating and Cooling System

About This Home

As of December 2023

Large two-story home in great location in the city of Salem with mountain views. Walk to the Dilly Dally store and the greenway! This home has hardwood floors throughout, replacement windows, newer metal roof and large bedrooms. This home needs a little TLC for someone who wants to gain some equity. The home also comes with an extra lot for plenty of parking and a home in the back yard that is perfect as a rental or for a family member. This home needs a little more than TLC but has a lot of potential. Roof on little house is 1 year old.

Last Agent to Sell the Property

Chris Smith

LICHTENSTEIN ROWAN, REALTORS® License #0225188115 Listed on: 08/29/2023

Last Buyer's Agent

Edgar Ornelas

MKB, REALTORS® License #0225241498

MKB, REALTORS®

Range of Values:

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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

  • $2,200

Year Built

  • Built in 1910

Lot Details

  • 18,731 Sq Ft Lot
  • Cleared Lot

Parking

  • Off-Street Parking

Interior Spaces

  • 2,286 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Mountain Views
  • Partial Basement

Kitchen

  • Built-In Oven
  • Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

Recreation

  • Trails

Additional Features

  • No Home Owners Association
  • Restaurant

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,200

Year Built

Built in 1910

Lot Details

0.43 Acres

Listing Details

  • Interior Features: Walk-in-Closet
  • Heating System: Forced Air Gas
  • Fireplace(s): Living Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Cook Top, Wall Oven
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Patio
  • Views: Mountain
  • AddlCoveredPrkng: Not Applicable
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1143.00
  • ExteriorDoors: Wood
  • Fireplace Number Fireplaces: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • Major Area: 03 - City of Salem
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: 2 Story
  • SubdivisionMap: Lts 3&4 & 1/2 Lt 2
  • Total Above Grd Fin S Q F T: 2286
  • TotalBdrm: 4
  • TotalBths: 1.10
  • TotalFBaths: 1
  • Total Finished Sq Ft: 2286.00
  • TotalHBaths: 1
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 1143.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

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: Paved Road

Lot Info

  • Lot Description: Cleared
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.43
  • ZoningCode: R-1

Building Info

  • Year Built: 1910

Tax Info

  • Taxes (6 mo): 2200.00

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
Aug 29, 2023
Closed on
Dec 20, 2023
Sold by
Odonnell Key Roberta
Bought by
Seller's Agent
Chris Smith
LICHTENSTEIN ROWAN, REALTORS®
Buyer's Agent
Edgar Ornelas
MKB, REALTORS®
List Price
$349,888
Sold Price
$245,000
Premium/Discount to List
-$104,888
-29.98%
Views
412
Current Estimated Value
$298,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,471
Avg. Annual Appreciation
7.53%
Original Mortgage
$109,000
Outstanding Balance
$106,112
Interest Rate
7.44%
Mortgage Type
Credit Line Revolving
Estimated Equity
$192,359
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

  • Lisa Martin Real Estate Agent - LISA & CO., REALTORS®

    Lisa Martin

    LISA & CO., REALTORS®

    (540) 592-4413

    65 Total Sales

    2 in Salem

    $206K - $237K Price Range

    Lisa Martin
     Section Image

  • GA

    Greg Alexander

    KW SALEM PROFESSIONALS

    (540) 240-9568

    67 Total Sales

    7 in Salem

    $215K - $495K Price Range

    Greg Alexander
     Section Image
  • Amanda Patterson Real Estate Agent - VARNEY REALTY PARTNERS

    Amanda Patterson

    VARNEY REALTY PARTNERS

    (540) 452-9637

    32 Total Sales

    2 in Salem

    $265K - $486K Price Range

    Amanda Patterson
     Section Image

  • TH

    Tim Hash

    MOUNTAIN CITY REALTY & AUCTION LLC

    (540) 240-9970

    70 Total Sales

    6 in Salem

    $150K - $340K Price Range

    Tim Hash
     Section Image
  • Christopher Kidd Carter Real Estate Agent - LONG & FOSTER - ROANOKE OFFICE

    Christopher Kidd Carter

    LONG & FOSTER - ROANOKE OFFICE

    (540) 900-1911

    159 Total Sales

    5 in Salem

    $170K - $670K Price Range

    Christopher Kidd Carter
     Section Image
  • Alex Taylor Real Estate Agent - MAC WESTLAND REAL ESTATE GROUP

    Alex Taylor

    MAC WESTLAND REAL ESTATE GROUP

    (540) 792-3330

    97 Total Sales

    2 in Salem

    $220K - $235K Price Range

    Alex Taylor
     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
$245,000 Star City Title
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 $109,000
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
12/27/2023 12/27/23 Sold $245,000 -2.0% $107 / Sq Ft
11/17/2023 11/17/23 Pending -- -- --
11/07/2023 11/07/23 Price Changed $249,888 -9.1% $109 / Sq Ft
10/23/2023 10/23/23 Price Changed $274,888 -8.3% $120 / Sq Ft
10/02/2023 10/02/23 Price Changed $299,888 -11.8% $131 / Sq Ft
09/13/2023 09/13/23 Price Changed $339,888 -2.9% $149 / Sq Ft
08/29/2023 08/29/23 For Sale $349,888 -- $153 / 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
2026 $2,870 $247,400 $47,500 $199,900
2025 $1,385 $234,700 $42,500 $192,200
2024 $1,300 $216,700 $40,600 $176,100
2023 $2,342 $195,200 $37,500 $157,700
2022 $2,207 $183,900 $32,500 $151,400
2021 $2,136 $178,000 $30,900 $147,100
2020 $2,095 $174,600 $30,900 $143,700
2019 $2,021 $168,400 $30,900 $137,500
2018 $1,914 $162,200 $30,900 $131,300
2017 $1,893 $160,400 $30,900 $129,500
2016 $1,838 $155,800 $30,900 $124,900
2015 $1,689 $143,100 $32,500 $110,600
2014 $1,689 $143,100 $32,500 $110,600
Source: Public Records

Agents Affiliated with this Home

  • Chris Smith Real Estate Agent - LICHTENSTEIN ROWAN, REALTORS®

    Seller's Agent in 2023

    Chris Smith

    LICHTENSTEIN ROWAN, REALTORS®

    (540) 537-2967

    35 Total Sales

    Chris Smith
    Section Image
  • Edgar Ornelas Real Estate Agent - MKB, REALTORS®

    Buyer's Agent in 2023

    Edgar Ornelas

    MKB, REALTORS®

    (540) 819-2263

    71 Total Sales

    Edgar Ornelas
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 901208

Roanoke Valley Association of REALTORS®

APN: 202-5-3

Virginia Salem City County Salem 24153

706 Hill Ave Unit 708, 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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