NOT LISTED FOR SALE

821 Nichols Rd Unit 823 Salem, VA 24153

Estimated Value: $269,000 - $299,000

4 Beds
2 Baths
1,728 Sq Ft
$164/Sq Ft Est. Value

Last Sold September 15, 2015

Last sale price $166,000 $96 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,613/month

6 Days on Market

Highlights

  • No HOA
  • Property is near schools
  • Forced Air Heating and Cooling System
  • Salem High School Rated A-

About This Home

As of September 2015

Desirable low maintenance duplex in Salem grossing $1650 a month. Remodeled and sold ''as-is''

Last Agent to Sell the Property

Waid Powell

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225081317 Listed on: 08/19/2015

Last Buyer's Agent

Lewis Sifford

CENTURY 21 WAMPLER REALTY License #0225047763

CENTURY 21 WAMPLER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,758

Year Built

  • Built in 1977

Lot Details

  • 0.33

Parking

  • 4 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 1,728 Sq Ft Home
  • Crawl Space

Location

  • Property is near schools

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Stonegate Subdivision

Building Details

  • 2 Leased Units
  • Insurance Expense $600
  • Maintenance Expense $1,365
  • Water Sewer Expense $2,010
  • New Taxes Expense $1,758
  • Operating Expense $5,733
  • Gross Income $19,800
  • Net Operating Income $14,067

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,758

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Heating System: Forced Air Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Central Cooling
  • ExpensesTaxExp: 1758.00
  • Major Area: 03 - City of Salem
  • NumberLeasedUnits: 2.00
  • NumberVehicleSpaces: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2015-08-25
  • TotalAnnualExpen: 5733.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • 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
  • Expenses Water Exp: 2010.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Current Lease, Maint-Free Exterior, Walk to School

Schools

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

Lot Info

  • Property Group Id: 19990816212116581394000000

Building Info

  • Year Built: 1977

Tax Info

  • Taxes (6 mo): 1758.00
  • FILLTAXID: 69-1-1.2

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Electricity
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2016
Sold by
Haskins Petra and Hilliou Andre M
Bought by
C2 Properties Llc
Current Estimated Value
$282,856

Purchase Details

Listed on
Aug 19, 2015
Closed on
Sep 9, 2015
Sold by
Wmp Properties Llc
Bought by
Hilliou Andre M and Hilliou Living Trust Dated
Seller's Agent
Waid Powell
WAINWRIGHT & CO., REALTORS(r)- LAKE
Buyer's Agent
Lewis Sifford
CENTURY 21 WAMPLER REALTY
List Price
$184,500
Sold Price
$166,000
Premium/Discount to List
-$18,500
-10.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%
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
C2 Properties Llc -- None Available
Hilliou Andre M $166,000 Colonial Title & Settlement
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2015 09/15/15 Sold $166,000 -10.0% $96 / Sq Ft
08/25/2015 08/25/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $184,500 -- $107 / 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 $1,352 $229,200 $53,700 $175,500
2024 $1,257 $209,500 $52,200 $157,300
2023 $2,309 $192,400 $48,000 $144,400
2022 $2,147 $178,900 $42,800 $136,100
2021 $2,129 $177,400 $41,200 $136,200
2020 $2,022 $168,500 $41,200 $127,300
2019 $1,968 $164,000 $41,200 $122,800
2018 $1,922 $162,900 $41,200 $121,700
2017 $1,921 $162,800 $41,200 $121,600
2016 $1,765 $149,600 $41,200 $108,400
2015 $1,758 $149,000 $37,000 $112,000
2014 $1,758 $149,000 $37,000 $112,000
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2015

    Waid Powell

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 330-1415

    3 in this area

    20 Total Sales

    Waid Powell
    Section Image
  • Lewis Sifford

    Buyer's Agent in 2015

    Lewis Sifford

    CENTURY 21 WAMPLER REALTY

    (540) 330-6182

    39 Total Sales

    Lewis Sifford
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 818433

Roanoke Valley Association of REALTORS®

APN: 69-1-1.2

Virginia Salem City County Salem 24153

821 Nichols Rd Unit 823, Salem, VA

This home is located at 821 Nichols Rd Unit 823, Salem, VA 24153 since 19 August 2015 and is currently estimated at $282,856, approximately $163 per square foot. This property was built in 1977. 821 Nichols Rd Unit 823 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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