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1424 Gratton Street

1424 Gratton Street, Salem, VA 24153
House in Salem
Sold Dec 20, 2018
$139,950
$139,950 by Atlantic Bay Mortgage Group Ll
Mortgage Due Jan 01, 2049
Sold Dec 07, 2011
$120,000
Local assessors in Salem, VA have categorized 1424 Gratton Street as a residential type of property. The home was built in 1969 and is 55 years old. The property's lot size has been calculated to be 14,985 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1424 Gratton Street has a total of 1,280 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. The building has a roof that is made of shingle (not wood). Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1424 Gratton Street was last sold in Dec 10, 2018 for $139,950. According to our calculations, that's $109.34 per sqft. Prior to that sales transaction, the property was sold for $120,000 in Dec 5, 2011. Current property owners are expected to pay $1,925 in taxes per year. The property on 1424 Gratton Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $160,400. To break that down further, the land itself was valued at $36,000. While improvements to the property were assessed at a total of $124,400. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Unfinished basement
  • Basement Area: 1,000
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 14,985
  • Total Building Area: 1,280
  • Building Area: 1,280
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,280
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SOUTHSIDE HILLS
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 14 BLK 7 SEC 4 SOUTHSIDE HILLS

Ownership

  • Current Owner : HESS MICHAEL G
  • Current Owner 2: HESS VICTORIA E
  • Previous Owner : SLUSHER LARRY R
  • Previous Owner 2: SLUSHER KEVIN L
  • Owner Before Previous Owner: SEAGLE HENRY H
  • Owner Before Previous Owner 2: SEAGLE KENNETH EDWARD
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Salem City Public Schools
  • Census Tract: 010502

Zoning

  • Zoning: RSF

Geography

  • Assessors Map Reference: MAP 240
  • Parcel: May 05, 0240
  • Block: 7
  • Lot: 14
  • Municipality: SALEM CITY
  • Latitude: 37.2722
  • Longitude: -80.0809

    Address

  • Full Address: 1424 Gratton St
  • Address - House Number: 1424
  • Address - Street Name: Gratton
  • Address - Suffix Type: St
  • State: VA
  • City Name: Salem
  • Carrier Code: C018
  • 4-Digit Zip Code: 6509
  • Zip Code: 24153

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,925

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 74
  • Final Value: 232,566
  • High Value: 276,939
  • Low Value: 188,193

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $139,950
  • First Open Lien Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Open Lien Mortgage Recording Date: Dec 20, 2018
  • First Open Lien Mortgage Loan Amount: $139,950
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2049

    Market Valuation

  • Market Total Value: $160,400
  • Market Land Value: $36,000
  • Market Improvement Value: $124,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,400
  • Assessed Land Value: $36,000
  • Assessed Improvements Value: $124,400

    Sales

  • Current Sale Contract Date: Dec 10, 2018
  • Current Sale Recording Date: Dec 20, 2018
  • Current Sale Transaction ID: 11545600196
  • Current Sale Price: $139,950
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 180002823
  • Previous Sale Recording Date: Dec 07, 2011
  • Previous Sale Contract Date: Dec 05, 2011
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Mortgage Transaction Date: Dec 20, 2018
  • First Mortgage Loan Amount: $139,950
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2049

About Salem



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Frequently Asked Questions

What neighborhood is 1424 Gratton Street located in?
The 1424 Gratton Street is a house located in the neighborhood of Salem in Salem, Salem.
What is the average sales price for listings in 1424 Gratton Street?
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