702 Hill Avenue

702 Hill 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 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 702 Hill Avenue has 1,412 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 570 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 11,326 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. Residents will have the luxury of enjoying a covered porch. Moving on to the building itself. The condition of the building has been evaluated as average. The roof of the building is made of shingle (not wood). The exterior walls of the building are made of alum/vinyl siding. 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. The property was last sold in Aug 4, 2020 for $135,000. That's $95.61 per sqft. Prior to that sales transaction, the property was also sold in Jan 13, 2012 for $100,000. 702 Hill Avenue was last assessed in 2023. The total value of the property was assessed at $142,000. Specifically, the land the property is located on was valued at $34,500. While improvements on the property were assessed at a total of $107,500. 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 $1,704. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.