300 Lake Avenue

300 Lake Avenue has been categorized by the local assessors in Salem, VA as a residential type of property. The building on the property was first built in 1957 and is 67 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 300 Lake Avenue has 1,324 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,490 ft and across the front of the lot is 720 ft. The area measurement of the land has been determined as 10,716 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 672 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a porch. Moving on to the building itself. The condition of the building has been evaluated as good. The roof of the building is made of composition shingle. The exterior walls of the building are made of brick. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 300 Lake Avenue sold most recently in Jan 25, 2022 for a total of $220,000. If you work out the math, that's approximately a cost of $166.16 per sqft. Before that, the property was also sold for $170,000 in Dec 19, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,386 in taxes each year. 300 Lake Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $198,800. If we break it down further, the land itself was valued at $43,700. Improvements to the property, however, were assessed at a total of $155,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.