$285,000
SOLD MAY 9, 2025

811 Montvue Rd Salem, VA 24153

-- Bed
-- Bath
1,421 Sq Ft
0.78 Acres

Recently Sold

$201 Per Sq Ft

8% Below List Price

60 Days on Market

About This Home

As of May 2025

Attention investors! This fantastic listing presents an incredible opportunity to own two beautifully renovated properties at 811 and 812 Montvue Rd. Both homes have been tastefully remodeled and enjoy a history of successful tenancy, offering immediate rental income. The properties boast exceptional potential for continued rental income. Don't miss out on this prime opportunity! Come see today and secure your investment in this thriving neighborhood. Both properties share the same water meter.

Last Agent to Sell the Property

Michael Cooper

Raven Realty LLC License #0225222475 Listed on: 01/13/2025

Last Buyer's Agent

Meredith Ford

OUT OF AREA BROKER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,170

Year Built

  • Built in 1930

Lot Details

  • 0.78 Acre Lot

Interior Spaces

  • 1,421 Sq Ft Home
  • Vinyl Flooring

Parking

  • Unpaved Driveway
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Septic Tank

Community Details

  • 1 Separate Water Meter
  • Net Lease

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 045.01-02-26.00-0000-045.01-02-24.00-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,170

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: South on College Ave toward E Main St Take VA-311 N/Thompson Memorial Dr and I-81 S to State Rte 619. Take exit 137 from I-81 S Follow Skyview Rd to Montvue Rd in Roanoke County.
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1930
  • Garage Yn: No
  • Property Sub-Type: Multi-Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Vinyl
  • Walls: Drywall

Garage/Parking

  • Parking Features: Off Street Parking, Unpaved Drive

Utilities

  • Cooling: Wall Unit(s)
  • Sewer: Septic Tank
  • Water Heater: Electric
  • Heating: Heat Pump, Wall/Space Unit
  • Water Source: City

Schools

  • Junior High Dist: Other

Lot Info

  • Acres: 0.7800
  • Lot Size Sq Ft: 33977.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 045.01-02-26.00-0000-045.01-02-24.00-00
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Owner Pays: Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 2170

Multi Family

  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2020
Sold by
Maxwell William C and Lee William E
Bought by
Happy Hollow Holdings Llc
Current Estimated Value
$261,343
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Deed $33,411 Century Title Services Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2025 05/09/25 Sold $285,000 -4.7% $201 / Sq Ft
03/14/2025 03/14/25 Pending -- -- --
02/18/2025 02/18/25 Price Changed $299,000 -3.2% $210 / Sq Ft
01/13/2025 01/13/25 For Sale $309,000 -- $217 / Sq Ft
Source: Lynchburg 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 $1,595 $154,900 $43,500 $111,400
2024 $1,413 $135,900 $36,000 $99,900
2023 $413 $39,000 $32,300 $6,700
2022 $394 $36,100 $30,000 $6,100
2021 $394 $36,100 $30,000 $6,100
2020 $370 $33,900 $27,800 $6,100
2019 $344 $31,600 $25,500 $6,100
2018 $344 $31,600 $25,500 $6,100
2017 $344 $31,600 $25,500 $6,100
2016 $344 $31,600 $25,500 $6,100
2015 $344 $31,600 $25,500 $6,100
2014 $344 $31,600 $25,500 $6,100
Source: Public Records

Agents Affiliated with this Home

  • Michael Cooper

    Seller's Agent in 2025

    Michael Cooper

    Raven Realty LLC

    (434) 338-2667

    39 Total Sales

    Michael Cooper
    Section Image
  • Meredith Ford

    Buyer's Agent in 2025

    Meredith Ford

    OUT OF AREA BROKER

    (434) 385-8760

    2,780 Total Sales

    Meredith Ford
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 356644

APN: 045.01-02-26

Virginia Roanoke County Salem 24153

811 Montvue Rd, Salem, VA

Sold

MultiFamily

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