NOT LISTED FOR SALE

824 Florida St Unit 826 Salem, VA 24153

Estimated Value: $203,000 - $228,000

4 Beds
2 Baths
1,512 Sq Ft
$142/Sq Ft Est. Value

Last Sold July 16, 2019

Last sale price $125,000 $83 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $1,224/month

1 Day on Market

Highlights

  • No HOA
  • Property is near schools
  • 4-minute walk to Salem Parks & Recreation
  • G.W. Carver Elementary School Rated 9+
  • Forced Air Heating and Cooling System

About This Home

As of July 2019

This home is located at 824 Florida St Unit 826, Salem, VA 24153 since 09 May 2019 and is currently estimated at $214,722, approximately $142 per square foot. This property was built in 1972. 824 Florida St Unit 826 is a home located in Salem City with nearby schools including G.W. Carver Elementary School, Andrew Lewis Middle School, and Salem High School.

Last Agent to Sell the Property

Neal Wall

JMAX PROPERTY MANAGEMENT LLC License #0225132557 Listed on: 05/09/2019

Last Buyer's Agent

Neal Wall

JMAX PROPERTY MANAGEMENT LLC License #0225132557 Listed on: 05/09/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,176

Year Built

  • Built in 1972

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 38x125

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,512 Sq Ft Home
  • Crawl Space

Location

  • Property is near schools

Schools

  • G. W. Carver 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, gas, insurance
  • Tax Lot 13&1/2 lot 14

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $750
  • Operating Expense $3,148
  • Gross Income $15,600
  • Net Operating Income $12,452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,176

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
  • Major Area: 03 - City of Salem
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2019-05-10
  • SubdivisionMap: Salem Improvement
  • TotalAnnualExpen: 3148.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • 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: Walk to School

Schools

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

Lot Info

  • Lot Dimensions: 38x125
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.11
  • Lot: 13&1/2 lot 14
  • Present Use: Built-As

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 1176.00
  • FILLTAXID: 186-1-3

Multi Family

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

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Jun 27, 2019
Sold by
Maiden Properties Llc
Bought by
Mats Properties Llc
Seller's Agent
Neal Wall
JMAX PROPERTY MANAGEMENT LLC
Buyer's Agent
Neal Wall
JMAX PROPERTY MANAGEMENT LLC
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%
Current Estimated Value
$214,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,722
Avg. Annual Appreciation
9.04%
Original Mortgage
$100,000
Outstanding Balance
$87,573
Interest Rate
3.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$127,149

Purchase Details

Closed on
Apr 19, 2006
Sold by
Dudley James L
Bought by
Maiden Properties Llc
Source: Public Records

Range of Values:

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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
Mats Properties Llc $125,000 Fidelity National Ttl Ins Co
Maiden Properties Llc $68,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mats Properties Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2019 07/16/19 Sold $125,000 -7.4% $83 / Sq Ft
05/10/2019 05/10/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $135,000 -- $89 / 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 $1,034 $175,200 $23,100 $152,100
2024 $951 $158,500 $22,500 $136,000
2023 $1,716 $143,000 $20,900 $122,100
2022 $1,591 $132,600 $18,300 $114,300
2021 $1,518 $126,500 $16,900 $109,600
2020 $1,430 $119,200 $16,900 $102,300
2019 $1,196 $99,700 $16,900 $82,800
2018 $1,167 $98,900 $16,900 $82,000
2017 $1,167 $98,900 $16,900 $82,000
2016 $1,167 $98,900 $16,900 $82,000
2015 $1,138 $96,400 $21,700 $74,700
2014 $1,138 $96,400 $21,700 $74,700
Source: Public Records

Agents Affiliated with this Home

  • Neal Wall

    Seller's Agent in 2019

    Neal Wall

    JMAX PROPERTY MANAGEMENT LLC

    (540) 309-3924

    6 in this area

    25 Total Sales

    Neal Wall
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 859038

Roanoke Valley Association of REALTORS®

APN: 186-1-3

Virginia Salem City County Salem 24153

824 Florida St Unit 826, Salem, VA

This home is located at 824 Florida St Unit 826, Salem, VA 24153 since 09 May 2019 and is currently estimated at $214,722, approximately $142 per square foot. This property was built in 1972. 824 Florida St Unit 826 is a home located in Salem City with nearby schools including G.W. Carver 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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