NOT LISTED FOR SALE

720 Pyrtle Dr Unit 722 Salem, VA 24153

Estimated Value: $266,000 - $283,000

4 Beds
2 Baths
1,540 Sq Ft
$177/Sq Ft Est. Value

Last Sold January 12, 2023

Last sale price $220,000 $143 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,584/month

5 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Forced Air Heating and Cooling System
  • Salem High School Rated A-

About This Home

As of January 2023

Great Investment property. Super location. Must give 24 hours notice to show.

Last Agent to Sell the Property

Edgar Smith

MKB, REALTORS(r) - OAK GROVE License #0225024966 Listed on: 12/12/2022

Last Buyer's Agent

Travis Hill

IVY REALTY OF ROANOKE LLC License #0225247693

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,820

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 82x146x112x124

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,540 Sq Ft Home
  • Mountain Views
  • Crawl Space

Schools

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

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block B / 4

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,820

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Central Cooling
  • Views: Mountain
  • CondoAssocYN: No
  • Internet Access: Cable
  • Major Area: 03 - City of Salem
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-12-17
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Association/Amenities

  • Misc Features: Current Lease
  • Amenities Common: Cable TV

Schools

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

Lot Info

  • Lot Dimensions: 82x146x112x124
  • Property Group Id: 19990816212116581394000000
  • Lot: B
  • Present Use: Converted

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 1820.00
  • FILLTAXID: 236-6-6

Multi Family

  • Lease Type: Other - See Remarks
  • Tenant Pays: Electricity, Gas
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2022
Closed on
Jan 3, 2023
Sold by
L & F Associates Llc
Bought by
Abf Properties Llc
Seller's Agent
Edgar Smith
MKB, REALTORS(r) - OAK GROVE
Buyer's Agent
Travis Hill
IVY REALTY OF ROANOKE LLC
List Price
$235,000
Sold Price
$220,000
Premium/Discount to List
-$15,000
-6.38%
Views
1
Current Estimated Value
$272,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,974
Avg. Annual Appreciation
8.58%
Original Mortgage
$200,000
Outstanding Balance
$157,039
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$115,935

Purchase Details

Closed on
Jun 29, 2006
Sold by
Accent Construction Co Inc
Bought by
L & F Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,600
Interest Rate
7.25%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Abf Properties Llc $220,000 Old Republic National Title
L & F Associates Llc $159,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abf Properties Llc $200,000
Previous Owner L & F Associates L L C $0
Previous Owner L & F Associates Llc $127,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2023 01/12/23 Sold $220,000 -6.4% $143 / Sq Ft
12/17/2022 12/17/22 Pending -- -- --
12/12/2022 12/12/22 For Sale $235,000 -- $153 / 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 $1,152 $195,200 $40,300 $154,900
2024 $1,080 $180,000 $38,700 $141,300
2023 $2,015 $167,900 $37,200 $130,700
2022 $1,876 $156,300 $33,000 $123,300
2021 $1,819 $151,600 $31,500 $120,100
2020 $1,735 $144,600 $31,500 $113,100
2019 $1,639 $136,600 $31,500 $105,100
2018 $1,578 $133,700 $29,900 $103,800
2017 $1,578 $133,700 $29,900 $103,800
2016 $1,553 $131,600 $29,900 $101,700
2015 $745 $126,300 $29,000 $97,300
2014 $745 $126,300 $29,000 $97,300
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Edgar Smith

    MKB, REALTORS(r) - OAK GROVE

    (540) 353-2800

    8 in this area

    84 Total Sales

    Edgar Smith
    Section Image
  • Travis Hill

    Buyer's Agent in 2023

    Travis Hill

    IVY REALTY OF ROANOKE LLC

    (540) 915-5976

    13 in this area

    72 Total Sales

    Travis Hill
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 894828

Roanoke Valley Association of REALTORS®

APN: 236-6-6

Virginia Salem City County Salem 24153

720 Pyrtle Dr Unit 722, Salem, VA

This home is located at 720 Pyrtle Dr Unit 722, Salem, VA 24153 since 12 December 2022 and is currently estimated at $272,974, approximately $177 per square foot. This property was built in 1972. 720 Pyrtle Dr Unit 722 is a home located in Salem City with nearby schools including South 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.

Nearby Homes