2 months on rocket

1501 7th St SE, Roanoke, VA, 24013

$220,000

Home List Price

$2,613*

Closing Credit

0 Baths
1,632 SqFt
$135/SqFt
Multi

Location

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1501 7th St SE, Roanoke$220,000

Buyer Closing Credits

$2,613*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingStreet
Year BuiltNew Const., 1928
HeatingBaseboard
CoolingNone
BasementYes
MLS #910494
Lot Size0.10 Acres
StatusActive

About 1501 7th St SE

This cash-flowing duplex, conveniently located in Southeast Roanoke, offers a promising investment opportunity. Both units are currently occupied, contributing to a steady income stream. The upper unit comprises three bedrooms and one bathroom, with a current rental rate of $1,150. Meanwhile, the lower unit, featuring two bedrooms and one bathroom, is leased at $1,025.

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Living Area: 1,632 SqFt

Listing Office:

  • Office Name: KELLER WILLIAMS REALTY ROANOKE

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Street

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: From 581, Elm(and Bullitt) to Right on 9th, Right on Morehead by the Cito go station, Right on 7th, House on Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $220,000
  • Price Per SqFt: $135/SqFt

Tax Information:

  • Annual Amount: $815
  • Tax Year: 2021
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Housing Market Comparison

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

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Roanoke, VA

City

Med. Sold Price

$271.4K

Med. Price/SqFt

$162

Avg. Days On Market

8

# of Sold Homes

165

1501 7th St SE vs Roanoke

86 DAYS ON ROCKET

+78 Days

$220,000

-$51.4K Less

$135/SqFt

-$27 Less

KEY TAKEAWAY

This property is $51.4K less than the Median Sold Price and $27/SqFt less than other homes in Roanoke, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #910494

Listing Office:

  • Office Name: KELLER WILLIAMS REALTY ROANOKE

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: 11/23/2024, 2:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 10, 2020Home Sold
$99,000
Jan 26, 2016Home Sold
$24,500

Tax History

YEARPROP. TAXASSESSMENT
2021$815$66,800
2020$989$62,700
2019$917$56,800
2018$917$56,800
2017$679$53,000

History based on county public records data.

Payment Calculator

$1,166

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$726

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NMLS#3030

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.

Nearby Schools

school-card-donut-901219
4
/10

  • Morningside Elementary School

  • 1716 Wilson St SE

  • 0.34 miles

  • Public District Grades PK-5

school-card-donut-901220
3
/10

  • Fallon Park Elementary School

  • 502 19th St SE

  • 1.16 miles

  • Public District Grades PK-5

school-card-donut-901221
6
/10

  • Highland Park Elementary School

  • 1212 5th St SW

  • 1.26 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,719. Typical income of Roanoke, VA residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Roanoke›24013›1501 7th St SE

This home is located at 1501 7th St SE in Roanoke, VA and zip code 24013 in the Morningside neighborhood. This 1,632 square foot home, which was built in 1928, sits on a 0.10 acre lot. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $220,000.

In October 2024 more than 50 listings in Roanoke, VA were sold above the asking price. During the same period more than 44 listings were sold at asking price, while more than 71 were sold below. The number of homes for sale in Roanoke, VA increased by 28.6% between September 2024 and October 2024. In October 2024, listings were on the market for 8 days. During the same period, the median list price in this real estate market was $271,431.

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

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