26 days on rocket

2452 Lost Hollow Rd, Salem, VA, 24153

$248,999

Home List Price

$2,957*

Closing Credit

5 Bedrooms
2 Full Baths
2,154 SqFt
$116/SqFt
House

Location

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2452 Lost Hollow Rd, Salem$248,999

Buyer Closing Credits

$2,957*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNot Applicable, N/A
Year BuiltNew Const., 1935
HeatingBaseboard
CoolingNone
BasementYes
FireplaceLiving Room
ViewMountain(s)
MLS #911914
Lot Size13.23 Acres
StatusActive

About 2452 Lost Hollow Rd

***Investor Special*** 13+ Acres with 3 Homes on Property, with room to build more! The Homes on the Property were Built in1935 and used for Housing of the Railroad Employees. Main Home offers 5 Bedrooms with 2 Full Baths, Second Home offers 3 Bedrooms & 1 Full Bath, and the 3rd Home is the Old Bunk House. The Property has 96' of Road Frontage on 311, and is currently accessed on Lost Hollow Rd. There is another lot on the other side of 311 that offers Creek Frontage. The Property is in Need of Repairs, so will require a CASH Sale or Hard Money Financing. Traditional Financing will not work. This is a Great opportunity to own a multi-family property close to town, and feel like your miles away from everyone. Come see today!

Property Details

Property Features

Property Information:

  • Architectural Style: 1.5 Story
  • Year Built: 1935
  • Stories: 1
  • Living Area: 2,154 SqFt

Listing Office:

  • Office Name: RE/MAX ALL STARS

Interior Features

Interior Information:

  • Appliances: None
  • Basement: Yes
  • Flooring Type: Wood
  • Interior: Ceiling Fan
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Storage Shed

Parking Information:

  • Parking: Not Applicable, N/A

Lot Features

Lot Information:

  • Lot: Wooded
  • Lot Size: 13.23 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: From Exit 141 off I-81 South Take left onto VA -419N through roundabout onto VA -311, home will be 1 miles up the road on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $248,999
  • Price Per SqFt: $116/SqFt

Tax Information:

  • Annual Amount: $1,175
  • 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

$295K

Med. Price/SqFt

$171

# of Sold Homes

29

2452 Lost Hollow Rd vs Salem

26 DAYS ON ROCKET

$248,999

-$46K Less

$116/SqFt

-$56 Less

KEY TAKEAWAY

This property is $46K less than the Median Sold Price and $56/SqFt less than other homes in Salem, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #911914

Listing Office:

  • Office Name: RE/MAX ALL STARS

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: 11/21/2024, 6:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,175$107,800
2020$1,104$101,300
2018$1,083$99,400
2017$1,068$98,000

History based on county public records data.

Payment Calculator

$1,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$813

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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-204413
8
/10

  • Mason's Cove Elementary School

  • 3370 Bradshaw Rd

  • 1.58 miles

  • Public District Grades PK-5

school-card-donut-204414
7
/10

  • Glen Cove Elementary School

  • 5901 Cove Rd

  • 2.31 miles

  • Public District Grades PK-5

school-card-donut-204415
4
/10

  • West Salem Elementary School

  • 520 N Bruffey St

  • 3.57 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $67,688. Typical income of Salem, VA residents is between $35k-100k annually. Most families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2452 Lost Hollow Rd

What is the listing price of this property?

The listing price of 2452 Lost Hollow Rd property is $248,999.

What type of property is this?

The property 2452 Lost Hollow Rd is a house located in Salem, Virginia, 24153.

Is this property for sale now?

Active Listing: 2452 Lost Hollow Rd 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 $1,175 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2452 Lost Hollow Rd has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 2452 Lost Hollow Rd is 2,154 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2452 Lost Hollow Rd is 1935.

Rocket Homes›Virginia›Salem›24153›2452 Lost Hollow Rd

This home is located at 2452 Lost Hollow Rd in Salem, VA and zip code 24153. This 2,154 square foot home, which was built in 1935, sits on a 13.23 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $248,999.

In October 2024 more than 7 listings in Salem, VA were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 16 were sold below. The number of homes for sale in Salem, VA increased by 28.6% between September 2024 and October 2024.

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

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