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2506 Millwheel Drive

2506 Millwheel Drive, Salem, VA 24153
Property in Roanoke
Sold Jun 07, 2021
$387,000
$367,650 by Cardinal Financial Company Lp
Mortgage Due Jul 01, 2051
Sold Jul 02, 2007
$320,097
$256,000 by Taylor Bean & Whitaker Mortgag
Mortgage Due Jul 01, 2037
2506 Millwheel Drive in Salem, VA was first built in 2007 and is 17 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 2506 Millwheel Drive has 2,254 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 989 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 17,424 square feet.

Learn more about the property and building on this page. There is a porch and a patio. The home has a gable style roof made of shingle (not wood). For those who need parking, there is a garage. The garage is 504 sqft. There are a total of 2 available parking spaces. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in May 21, 2021 for $387,000. That's $171.69 per sqft. Prior to that sales transaction, the property was also sold in Jun 28, 2007 for $320,097. 2506 Millwheel Drive was last assessed in 2023. The total value of the property was assessed at $390,200. Specifically, the land the property is located on was valued at $64,000. While improvements on the property were assessed at a total of $326,200. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,136. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Type: Finished improved basement
  • Basement Area: 989
  • Garage Type: Garage
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 2,254
  • Gross Building Area: 4,197
  • Building Area: 2,254
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,254
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOXFIELD AT RUSSLEN FARMS
  • Land Acres: 0.4
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 59 SEC 4 FOXFIELD AT RUSSLEN FARMS

Ownership

  • Current Owner : FISCHER CHRISTOPHER W
  • Current Owner 2: FISCHER LAURA M
  • Previous Owner : BOWEN ROBERT A
  • Previous Owner 2: BOWEN ROBIN S
  • Owner Before Previous Owner: RUSSLEN FARMS DEVELOPMENT LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Roanoke County Public Schools
  • Census Tract: 030502

Zoning

  • Zoning: R1

Geography

  • Account Number: 000019829
  • Section: 4
  • Parcel: 056.03-07-23
  • Lot: 59
  • Municipality: CATAWBA
  • Latitude: 37.2742
  • Longitude: -80.0886

    Address

  • Full Address: 2506 Millwheel Ln
  • Address - House Number: 2506
  • Address - Street Name: Millwheel
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Salem
  • Carrier Code: C013
  • 4-Digit Zip Code: 4739
  • Zip Code: 24153

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,136

    Appraisal Valuation

  • Standard Deviation: 0.1435
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 82
  • Final Value: 464,415
  • High Value: 531,061
  • Low Value: 397,768

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $367,650
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Jun 07, 2021
  • First Open Lien Mortgage Loan Amount: $367,650
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $390,200
  • Market Land Value: $64,000
  • Market Improvement Value: $326,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $390,200
  • Assessed Land Value: $64,000
  • Assessed Improvements Value: $326,200

    Sales

  • Current Sale Contract Date: May 21, 2021
  • Current Sale Recording Date: Jun 07, 2021
  • Current Sale Transaction ID: 11838042002
  • Current Sale Price: $387,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202108010
  • Previous Sale Recording Date: Jul 02, 2007
  • Previous Sale Contract Date: Jun 28, 2007
  • Previous Sale Amount: $320,097
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Jun 07, 2021
  • First Mortgage Loan Amount: $367,650
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: TAYLOR BEAN & WHITAKER MORTGAG
  • Previous Mortgage Transaction Date: Jul 02, 2007
  • Previous Mortgage Loan Amount: $256,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2037

About Roanoke



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Frequently Asked Questions

What neighborhood is 2506 Millwheel Drive located in?
The 2506 Millwheel Drive is a located in the neighborhood of Roanoke in Roanoke, Salem.
What is the average sales price for listings in 2506 Millwheel Drive?
The average sales price for units in 2506 Millwheel Drive is $0 currently.

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