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623 S Colorado St, Salem, VA, 24153

$350,000

Home List Price

$4,156*

Closing Credit

0 Baths
2,146 SqFt
$163/SqFt
Multi

Location

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623 S Colorado St, Salem$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingPrivate (1 - 9)
Year BuiltNew Const., 1985
HeatingHeat Pump
CoolingCentral Air
MLS #912175
Lot Size0.14 Acres
StatusActive

About 623 S Colorado St

This beautifully renovated duplex in the heart of Salem offers modern updates throughout, providing an ideal investment opportunity in a prime area. Each unit features 2 bedrooms and 1 bath, perfect for tenants or owner-occupants alike. Located within walking distance to downtown Salem, Roanoke College, the Salem Civic Center, and Salem Red Sox stadium, this property ensures convenient access to local amenities and entertainment. Perfect for generating passive income in a desirable area. Schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1985
  • Living Area: 2,146 SqFt

Listing Office:

  • Office Name: KELLER WILLIAMS REALTY ROANOKE

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Parking: Private (1 - 9)

Virtual/3D Tour

  • 3D Tour: 623 S Colorado St
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Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 4th St to S Colorado, Duplex on Right. Parking in back.

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $163/SqFt

Tax Information:

  • Annual Amount: $1,906
  • 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

623 S Colorado St vs Salem

7 DAYS ON ROCKET

$350,000

+$55K More

$163/SqFt

-$9 Less

KEY TAKEAWAY

This property is $55K more than the Median Sold Price and $9/SqFt less than other homes in Salem, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #912175

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: 11/15/2024, 9:20:51 PM 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$1,906$158,800
2020$1,795$149,600
2019$1,568$142,200
2018$1,568$132,900
2017$1,568$132,900

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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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-455543
5
/10

  • G.W. Carver Elementary School

  • 6 E 4th St

  • 0.11 miles

  • Public District Grades PK-5

school-card-donut-455544
4
/10

  • West Salem Elementary School

  • 520 N Bruffey St

  • 1.39 miles

  • Public District Grades KG-5

school-card-donut-455545
7
/10

  • East Salem Elementary School

  • 1765 Roanoke Blvd

  • 1.57 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 $36,636. Typical income of Salem, VA residents is between $35k-100k annually. Typical family type 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›Salem›24153›623 S Colorado St

This home is located at 623 S Colorado St in Salem, VA and zip code 24153. This 2,146 square foot home, which was built in 1985, sits on a 0.14 acre lot. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $350,000.

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 inventory of homes for sale in Salem, VA between September 2024 and October 2024 increased by 28.6%.

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

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