13 days on rocket

123 Academy St, Salem, VA, 24153

$175,000

Home List Price

$2,078*

Closing Credit

1 Bedroom
1 Full Bath
956 SqFt
$183/SqFt
Condo
Schools Nearby

Location

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123 Academy St, Salem$175,000

Buyer Closing Credits

$2,078*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingNot Applicable, N/A
Year BuiltNew Const., 1985
HeatingHeat Pump
CoolingHeat Pump
MLS #907351
StatusActive

About 123 Academy St

Light & bright condo with vaulted ceilings located in the historic Academy Court. Open floor plan. Freshly painted. Remodeled bathroom with walk-in shower & ceramic tile flooring. New HVAC in 2017. Eat in kitchen. Loft area with new carpet (2022) plus additional storage room. Built-in shelves in bedroom. New vinyl wood flooring (2022). Located within walking distance of the farmer's market & downtown Salem. Property on the National Historical Registry. Building was the old Academy Street School in Salem built in 1890 and in the 1980's the building was totally remodeled into condos.

Property Details

Property Features

Property Information:

  • Architectural Style: Other - See Remarks
  • Year Built: 1985
  • Living Area: 956 SqFt

Listing Office:

  • Office Name: LONG & FOSTER - ROANOKE OFFICE

Interior Features

Interior Information:

  • Appliances: Dryer, Washer, Dishwasher, Electric Range, Refrigerator
  • Basement: No
  • Flooring Type: Carpet, Tile - i.e. ceramic, Vinyl
  • Interior: Breakfast Area, Cathedral Ceiling, Ceiling Fan, Storage

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: Not Applicable, N/A

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • Salem High School, Public District Grades 9-12
  • Andrew Lewis Middle School, Public District Grades 6-8
  • West Salem Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From West Main St Turn left on Academy ST. First parking lot on the left (First Building)

Price Information

Listing Price Info

Price Summary:

  • List Price: $175,000
  • Price Per SqFt: $183/SqFt

HOA Fees:

  • Amount: $162
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,237
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Salem, VA.

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Salem, VA

City

Med. Sold Price

$294.9K

Med. Price/SqFt

$169

Avg. Days On Market

3

# of Sold Homes

37

123 Academy St vs Salem

13 DAYS ON ROCKET

+10 Days

$175,000

-$119.9K Less

$183/SqFt

+$13 More

KEY TAKEAWAY

This property is $119.9K less than the Median Sold Price and $13/SqFt more than other homes in Salem, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #907351

Listing Office:

  • Office Name: LONG & FOSTER - ROANOKE OFFICE

IDXAlthough the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.

All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.

All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/20/2024, 11:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 27, 2005Home Sold
$92,500

Tax History

YEARPROP. TAXASSESSMENT
2021$1,237$103,100
2020$1,206$100,500
2019$1,078$94,400
2018$1,079$91,400
2017$1,079$91,400

History based on county public records data.

Payment Calculator

$1,103

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$591

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4216824
4
/10

  • West Salem Elementary School

  • 520 N Bruffey St

  • 0.76 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4216825
6
/10

  • Andrew Lewis Middle School

  • 616 S College Ave

  • 0.66 miles

  • Public District Grades 6-8

High School

school-card-donut-4216826
5
/10

  • Salem High School

  • 400 Spartan Dr

  • 0.93 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,021. Typical income of Salem, VA residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 123 Academy St

What is the listing price of this property?

The listing price of 123 Academy St property is $175,000.

What type of property is this?

The property 123 Academy St is a condo located in Salem, Virginia, 24153.

Is this property for sale now?

Active Listing: 123 Academy St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 123 Academy St are:
West Salem Elementary School: GreatSchools Rating 4/10
Andrew Lewis Middle School: GreatSchools Rating 6/10
Salem High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,237 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 27, 2005 for $92,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 123 Academy St has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 123 Academy St is 956 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 123 Academy St is 1985.

Rocket Homes›Virginia›Salem›24153›123 Academy St

This home is located at 123 Academy St in Salem, VA and zip code 24153. This 956 square foot home was built in 1985. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $175,000.

While more than 12 listings in Salem, VA in April 2024 were sold above asking price, there were more than 10 listings sold at asking price, and more than 15 were sold below. The number of homes for sale in Salem, VA increased by 18.6% between March 2024 and April 2024. While the average time on the market in April 2024 was 3 days, the median list price was $294,944.

From Rocket Homes Real Estate and based on county public records data.

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