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516 Salem Road

516 Salem Road, Dorchester, SC 29437
Property in Dorchester
Sold Nov 22, 2021
Transfer
$444,423 by Cardinal Financial Company Lp
Mortgage Due Dec 01, 2051
Sold Mar 31, 2017
$295,000
$291,381 by Acre Mortgage & Financial Inc
Mortgage Due Apr 01, 2047
516 Salem Road in Dorchester, SC was first built in 2002 and is 22 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 3 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 516 Salem Road has 2,011 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. In total, the area measurement of the land is 458,251 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. For those who need parking, there is a garage. The garage is 400 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a heat pump. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $295,000 in Mar 10, 2017. Current property owners are expected to pay $1,741 in taxes per year. The property on 516 Salem Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $12,944. To break that down further, the land itself was valued at $4,070. While improvements to the property were assessed at a total of $8,874. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2002
  • Effective Year Built: 2002
  • Building Count: 2
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Masonry
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 458,251
  • Total Building Area: 2,011
  • Building Area: 2,011
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,011
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHOWING PROPERTY OF RHONDA C KNIGHT
  • Land Acres: 10.52
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 516 SALEM RD SINGLE FAMILY

Ownership

  • Current Owner : ROSS JOSEPH DAVID
  • Previous Owner : ROSS JOSEPH DAVID
  • Previous Owner 2: ROSS CORLAS ANN
  • Owner Before Previous Owner: LEWIS MARK D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dorchester School District 4
  • Census Tract: 010301

Zoning

  • Zoning: AR_DC

Geography

  • Assessors Map Reference: MB=M PG=102
  • Account Number: R0072024
  • Subdivision Tract Number: 2
  • Parcel: 084-00-00-075
  • Municipality: DORCHESTER FIRE DISTRICT
  • Latitude: 33.1181
  • Longitude: -80.3998

    Address

  • Full Address: 516 Salem Rd
  • Address - House Number: 516
  • Address - Street Name: Salem
  • Address - Suffix Type: Rd
  • State: SC
  • City Name: Dorchester
  • Carrier Code: R082
  • 4-Digit Zip Code: 4422
  • Zip Code: 29437

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,741
  • Tax Rate Code Area: 400

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 80
  • Final Value: 450,309
  • High Value: 520,047
  • Low Value: 380,572

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $444,423
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Nov 22, 2021
  • First Open Lien Mortgage Loan Amount: $444,423
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $296,796
  • Market Land Value: $74,934
  • Market Improvement Value: $221,862

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,944
  • Assessed Land Value: $4,070
  • Assessed Improvements Value: $8,874

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Transaction ID: 11869135754
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2021037613
  • Previous Sale Recording Date: Mar 31, 2017
  • Previous Sale Contract Date: Mar 10, 2017
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Nov 22, 2021
  • First Mortgage Loan Amount: $444,423
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ACRE MORTGAGE & FINANCIAL INC
  • Previous Mortgage Transaction Date: Mar 31, 2017
  • Previous Mortgage Loan Amount: $291,381
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Apr 01, 2047

About Dorchester



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Frequently Asked Questions

What neighborhood is 516 Salem Road located in?
The 516 Salem Road is a located in the neighborhood of Dorchester in Dorchester, Dorchester.
What is the average sales price for listings in 516 Salem Road?
The average sales price for units in 516 Salem Road is $0 currently.

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