NOT LISTED FOR SALE

827 Hillcrest Dr Unit 829 Salem, VA 24153

Estimated Value: $313,000 - $367,000

5 Beds
3 Baths
1,892 Sq Ft
$174/Sq Ft Est. Value

Last Sold April 18, 2016

Last sale price $196,000 $104 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $1,882/month

168 Days on Market

About This Home

As of April 2016

Fully leased triplex is a rare find in a great Salem neighborhood. In addition to the three residential units, the garage is leased for $150/mo.

Co-Listed By

Lynn Hall

EDWIN C HALL ASSOCIATES INC License #0225041534

Last Buyer's Agent

Neil Conner

THE GOOD SIGN REAL ESTATE CO. License #0225038090

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,448

Year Built

  • Built in 1972

Lot Details

  • 10,106

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 1,892 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

  • Window Unit Cooling System
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 17

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Hillcrest Heights Subdivision

Building Details

  • 3 Leased Units
  • Operating Expense $2,567
  • Gross Income $20,560
  • Net Operating Income $17,993

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,448

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Full Basement
  • Cooling System: Window A/C
  • Major Area: 03 - City of Salem
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2016-03-11
  • SubdivisionMap: Hillcrest Heights
  • TotalAnnualExpen: 2567.00
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Schools

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Lot: 17
  • Present Use: Built-As

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 2448.00
  • FILLTAXID: 69-2-16

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2015
Closed on
Apr 16, 2016
Sold by
Apkis L L C
Bought by
Salem Property Management Llc
Buyer's Agent
Neil Conner
THE GOOD SIGN REAL ESTATE CO.
List Price
$219,950
Sold Price
$196,000
Premium/Discount to List
-$23,950
-10.89%
Current Estimated Value
$329,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,331
Avg. Annual Appreciation
5.64%

Purchase Details

Closed on
Jul 13, 2011
Sold by
Leong Apollo Y and Leong Kristie A
Bought by
Apkis L L C

Purchase Details

Closed on
Sep 15, 2010
Sold by
Apkis Llc
Bought by
Leong Apollo Y and Leong Kristie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2005
Sold by
Leong Apollo Y and Leong Kristie A
Bought by
Apkis Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2005
Sold by
Wygal Verlin E and Wygal Rita A
Bought by
Leong Apollo Y and Leong Kristie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Salem Property Management Llc $196,000 Fidelity National Title Insu
Apkis L L C -- None Available
Leong Apollo Y -- Acquisition Title & Settleme
Apkis Llc -- None Available
Leong Apollo Y -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leong Apollo Y $155,000
Previous Owner Leong Apollo Y $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2016 04/18/16 Sold $196,000 -10.9% $104 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
09/25/2015 09/25/15 For Sale $219,950 -- $116 / 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 $1,632 $276,600 $51,600 $225,000
2024 $1,581 $263,500 $50,100 $213,400
2023 $2,851 $237,600 $46,100 $191,500
2022 $2,628 $219,000 $41,100 $177,900
2021 $2,599 $216,600 $39,600 $177,000
2020 $2,542 $211,800 $39,600 $172,200
2019 $2,524 $210,300 $39,600 $170,700
2018 $2,387 $202,300 $39,600 $162,700
2017 $2,387 $202,300 $39,600 $162,700
2016 $2,456 $208,100 $39,600 $168,500
2015 $2,449 $207,500 $31,500 $176,000
2014 $2,449 $207,500 $31,500 $176,000
Source: Public Records

Agents Affiliated with this Home

  • Lynn Hall

    Seller Co-Listing Agent in 2016

    Lynn Hall

    EDWIN C HALL ASSOCIATES INC

    (540) 982-5703

    3 in this area

    33 Total Sales

    Lynn Hall
    Section Image

  • N

    Buyer's Agent in 2016

    Neil Conner

    THE GOOD SIGN REAL ESTATE CO.

    (540) 375-9000

    27 in this area

    92 Total Sales

    Neil Conner
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 819644

Roanoke Valley Association of REALTORS®

APN: 69-2-16

Virginia Salem City County Salem 24153

827 Hillcrest Dr Unit 829, Salem, VA

This home is located at 827 Hillcrest Dr Unit 829, Salem, VA 24153 since 25 September 2015 and is currently estimated at $329,331, approximately $174 per square foot. This property was built in 1972. 827 Hillcrest Dr Unit 829 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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