2 months on rocket

508 5th St NW, Roanoke, VA, 24016

$119,950

Home List Price

$1,424*

Closing Credit

0 Baths
1,598 SqFt
$75/SqFt
Multi

Location

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508 5th St NW, Roanoke$119,950

Buyer Closing Credits

$1,424*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year BuiltNew Const., 1902
HeatingForced Air
CoolingNone
ViewCity
MLS #910083
StatusActive

About 508 5th St NW

Attention all Investors , great opportunity to add to your portfolio . This duplex has 2 units with 2 bedrooms 1 bathroom each, newer appliances ,LVP and tile floors. Both units rented for $750 each in 2023.

Property Details

Property Features

Property Information:

  • Year Built: 1902
  • Living Area: 1,598 SqFt

Listing Office:

  • Office Name: IVY REALTY OF ROANOKE LLC

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Parking: None

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • Patrick Henry High School, Public District Grades 9-12
  • Addison Aerospace Magnet Middle School, Public Magnet Grades 6-8
  • Lincoln Terrace Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Elm Ave to 5th St heading towards Orange Ave left onto Patton and park on Patton. Walk to 508 5th

Price Information

Listing Price Info

Price Summary:

  • List Price: $119,950
  • Price Per SqFt: $75/SqFt

Tax Information:

  • Annual Amount: $461
  • 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

$269.9K

Med. Price/SqFt

$160

Avg. Days On Market

6

# of Sold Homes

130

508 5th St NW vs Roanoke

77 DAYS ON ROCKET

+71 Days

$119,950

-$150K Less

$75/SqFt

-$86 Less

KEY TAKEAWAY

This property is $150K less than the Median Sold Price and $86/SqFt less than other homes in Roanoke, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #910083

Listing Office:

  • Office Name: IVY REALTY OF ROANOKE LLC

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: 10/31/2024, 11:20:50 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

Oct 26, 2020Home Sold
$21,000
May 16, 2019Home Sold
$24,500

Tax History

YEARPROP. TAXASSESSMENT
2021$461$37,800
2020$685$37,800
2019$744$42,600
2018$744$42,600
2017$552$42,600

History based on county public records data.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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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.

Elementary School

school-card-donut-891651
3
/10

  • Lincoln Terrace Elementary School

  • 1802 Liberty Rd NW

  • 0.74 miles

  • Public District Grades KG-5

Middle School

school-card-donut-891652
2
/10

  • Addison Aerospace Magnet Middle School

  • 1220 5th St NW

  • 0.44 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-891653
3
/10

  • Patrick Henry High School

  • 2102 Grandin Rd SW

  • 2.48 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 $15,132. The majority of Roanoke, VA residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Roanoke›24016›508 5th St NW

This home is located at 508 5th St NW in Roanoke, VA and zip code 24016 in the Harrison neighborhood. This 1,598 square foot home was built in 1902. It has been listed on Rocket Homes since August 15, 2024 and is currently priced at $119,950.

Over 32 listings were sold over their listed price in September 2024 in Roanoke, VA. In the same period over 60 listings were sold below the listed price and 38 listings were sold for the listed price. Between August 2024 and September 2024, Roanoke, VA real estate market has seen increase in the number of listings by 13%. In September 2024 median list price was $269,958 and the average listing age was 6 days.

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

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