2 months on rocket

1516 7th St SE, Roanoke, VA, 24003

$187,500

Home List Price

$2,227*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
1,595 SqFt
$118/SqFt
House

Location

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1516 7th St SE, Roanoke$187,500

Buyer Closing Credits

$2,227*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNot Applicable, N/A
Year BuiltNew Const., 1925
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #911876
Lot Size0.24 Acres
StatusActive

About 1516 7th St SE

Welcome to this charming 4-bedroom, 2-bathroom home in Roanoke, VA, brimming with potential for investors and home buyers alike. This spacious property features light-filled living and dining areas, a functional kitchen, and a back yard all waiting for your final touches. Located in a neighborhood with easy access to amenities, schools, and transportation, it's ideal for a fix-and-flip project or a cash-flowing rental property.Roanoke's scenic beauty, friendly community, and rich history make it perfect for real estate investment. Property sold As-Is.

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story
  • Year Built: 1925
  • Stories: 2
  • Living Area: 1,595 SqFt

Listing Office:

  • Office Name: GRAVITY REAL ESTATE GROUP INC

Interior Features

Interior Information:

  • Appliances: Electric Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Wood
  • Interior: Other - See Remarks

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Other - See Remarks

Parking Information:

  • Parking: Not Applicable, N/A

Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: I-81 N to I-581 S/US-220 S to Elm Ave Continue on Elm Ave E. Take 9th St to 7th St SE

Price Information

Listing Price Info

Price Summary:

  • List Price: $187,500
  • Price Per SqFt: $118/SqFt

Tax Information:

  • Annual Amount: $1,219
  • 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

$275K

Med. Price/SqFt

$162

Avg. Days On Market

31

# of Sold Homes

152

1516 7th St SE vs Roanoke

60 DAYS ON ROCKET

+29 Days

$187,500

-$87.5K Less

$118/SqFt

-$45 Less

KEY TAKEAWAY

This property is $87.5K less than the Median Sold Price and $45/SqFt less than other homes in Roanoke, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #911876

Listing Office:

  • Office Name: GRAVITY REAL ESTATE GROUP INC

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: 12/21/2024, 9:20:58 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

Apr 26, 2019Home Sold
$105,000
Jan 24, 2019Home Sold
$48,000
Oct 10, 2013Home Sold
$24,500
Apr 26, 2005Home Sold
$63,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,219$99,900
2020$1,347$99,900
2019$1,021$75,900
2018$1,021$73,200
2017$908$71,800

History based on county public records data.

Payment Calculator

$1,003

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$629

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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.

Nearby Schools

school-card-donut-793799
4
/10

  • Morningside Elementary School

  • 1716 Wilson St SE

  • 0.33 miles

  • Public District Grades PK-5

school-card-donut-793800
3
/10

  • Fallon Park Elementary School

  • 502 19th St SE

  • 1.17 miles

  • Public District Grades PK-5

school-card-donut-793801
6
/10

  • Highland Park Elementary School

  • 1212 5th St SW

  • 1.28 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. Residents of Roanoke, VA typically earn less than $35k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1516 7th St SE

What is the listing price of this property?

The listing price of 1516 7th St SE property is $187,500.

What type of property is this?

The property 1516 7th St SE is a house located in Roanoke, Virginia, 24003.

Is this property for sale now?

Active Listing: 1516 7th St SE is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,219 (source: MLS/based on county public records data).

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

The last sale was on April 26, 2019 for $105,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1516 7th St SE has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1516 7th St SE is 1,595 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1516 7th St SE is 1925.

Rocket Homes›Virginia›Roanoke›24003›1516 7th St SE

This home is located at 1516 7th St SE in Roanoke, VA and zip code 24003 in the Morningside neighborhood. This 1,595 square foot home, which was built in 1925, sits on a 0.24 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $187,500.

Roanoke, VA housing market in November 2024 saw over 62 listings sold above listed price, more than 21 sold at listed price and over 69 sold below. The number of listings in Roanoke, VA increased by 15.7% between October 2024 and November 2024. The median list price of listings available in November 2024 was $275,000, while the average time on the real estate market was 31 days.

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

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