NOT LISTED FOR SALE

721 N Mill Rd Salem, VA 24153

Salem Area

Estimated Value: $497,000 - $701,000

3 Beds
3.5 Baths
3,464 Sq Ft
$164/Sq Ft Est. Value

Sale Details

Date Sold: February 25, 2022

Last sale price $515,000 $149 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,339 / mo

41 Days on Market

Highlights

  • 4.33 Acre Lot
  • Secluded Lot
  • Covered Patio or Porch
  • Deck
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of February 2022

Beautiful Custom Built Home on 4.33 Acres in the Heart of North Salem just minutes away from Roanoke College, Restaurants and Shopping. Sitting on a partially Wooded Lot in a very Private Setting. Cape Cod Style, featuring 3 Bedrooms, 3.5 Baths with Main Level Master Suite. Gourmet Kitchen w/gas Stove, Breakfast Nook. Large Dining Room and beautiful Living Room with Gas Fireplace. Crown Molding throughout. Lots of Hardwood Floors, nice Tile and fresh Paint. Scenic Country Front Porch opens to a gorgeous Patio with a built in outdoor gas fireplace. Large Back Deck from maintenance free Trex planking.

Last Agent to Sell the Property

Rene Reiner

REINER REALTY License #0225220213 Listed on: 12/05/2021

Last Buyer's Agent

Hal Cone

LPT REALTY LLC License #0225214037

LPT REALTY LLC

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,855

Year Built

  • Built in 2007

Lot Details

  • 4.33 Acre Lot
  • Secluded Lot
  • Gentle Sloping Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,464 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Laundry on main level

Kitchen

  • Gas Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Basement

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

Parking

  • 8 Open Parking Spaces
  • 1 Parking Space
  • Tuck Under Garage
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • G. W. Carver Elementary School
  • Andrew Lewis Middle School
  • Salem High School

Utilities

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

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,855

Year Built

Built in 2007

Lot Details

4.33 Acres

Listing Details

  • Interior Features: Gas Log Fireplace
  • Heating System: Forced Air Electric
  • Fireplace(s): Great Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Microwave Oven (Built In), Range Gas, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch, Deck
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1302.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • LaundryLaundryLowerLevel: 1
  • Major Area: 03 - City of Salem
  • NumberPrimCovSpaces: 1.00
  • OtherBelowGrdFin Sq Ft: 1120.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Under
  • Residential Type: Detached
  • Style Of House: 2 Story
  • Total Above Grd Fin S Q F T: 2344
  • TotalBdrm: 3
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3464.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 8.00
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 1042.00
  • Water Class: N/A
  • Water Htr Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement YN: Yes

Utilities

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

Association/Amenities

  • Misc Features: Cable TV

Lot Info

  • Lot Description: Gentle Slope, Secluded
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 4.33

Building Info

  • Year Built: 2007

Tax Info

  • Taxes (6 mo): 3855.00

MLS Schools

  • Elementary School: G. W. Carver
  • 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
Dec 5, 2021
Closed on
Feb 4, 2022
Sold by
Bought by
Seller's Agent
Rene Reiner
REINER REALTY
Buyer's Agent
Hal Cone
LPT REALTY LLC
List Price
$549,950
Sold Price
$515,000
Premium/Discount to List
-$34,950
-6.36%
Current Estimated Value
$568,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,540
Avg. Annual Appreciation
2.23%
Original Mortgage
$489,250
Outstanding Balance
$447,948
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$120,592
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

  • GA

    Greg Alexander

    KW SALEM PROFESSIONALS

    (540) 240-9568

    94 Total Sales

    5 in Salem

    $222K - $495K Price Range

    Greg Alexander
     Section Image
  • Kevin Westlake Real Estate Agent - KEYSTONE REALTY OF ROANOKE LLC

    Kevin Westlake

    KEYSTONE REALTY OF ROANOKE LLC

    (540) 240-9772

    46 Total Sales

    1 in Salem

    $312,900 Price

    Kevin Westlake
     Section Image
  • Amanda Patterson Real Estate Agent - VARNEY REALTY PARTNERS

    Amanda Patterson

    VARNEY REALTY PARTNERS

    (540) 452-9637

    56 Total Sales

    2 in Salem

    $265K - $486K Price Range

    Amanda Patterson
     Section Image

  • TH

    Tim Hash

    Responds Quickly

    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

    4 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

    129 Total Sales

    3 in Salem

    $156K - $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
$515,000 Performance 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 $489,250
Previous Owner $50,000
Previous Owner $77,500
Previous Owner $149,000
Previous Owner $220,000
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
02/25/2022 02/25/22 Sold $515,000 -6.4% $149 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
12/05/2021 12/05/21 For Sale $549,950 -- $159 / 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 $2,568 $435,300 $49,900 $385,400
2024 $2,574 $429,000 $48,200 $380,800
2023 $4,844 $403,700 $45,400 $358,300
2022 $3,959 $329,900 $38,500 $291,400
2021 $3,888 $324,000 $36,800 $287,200
2020 $3,834 $319,500 $36,800 $282,700
2019 $3,802 $316,800 $36,800 $280,000
2018 $3,643 $308,700 $36,800 $271,900
2017 $3,608 $305,800 $36,800 $269,000
2016 $3,603 $305,300 $36,800 $268,500
2015 $1,768 $299,700 $36,500 $263,200
2014 $1,768 $299,700 $36,500 $263,200
Source: Public Records

Agents Affiliated with this Home

  • Rene Reiner Real Estate Agent - REINER REALTY

    Seller's Agent in 2022

    Rene Reiner

    REINER REALTY

    (540) 793-4095

    169 Total Sales

    Rene Reiner
    Section Image
  • Hal Cone Real Estate Agent - LPT REALTY LLC

    Buyer's Agent in 2022

    Hal Cone

    LPT REALTY LLC

    (540) 759-4766

    237 Total Sales

    Hal Cone
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 885685

Roanoke Valley Association of REALTORS®

APN: 48-1-9.5

Virginia Salem City County Salem 24153

721 N Mill Rd, 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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