11 days on rocket

125 Academy St, Salem, VA, 24153

$299,950

Home List Price

$3,562*

Closing Credit

3 Bedrooms
2 Full Baths
1,153 SqFt
$260/SqFt
Condo
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

125 Academy St, Salem$299,950

Buyer Closing Credits

$3,562*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingNot Applicable, N/A, Designated Spaces
Year BuiltNew Const., 1985
HeatingHeat Pump
CoolingHeat Pump
MLS #906936
StatusActive

About 125 Academy St

Beautifully remodeled 3BR 2BA condo within walking distance of the Farmer's Market and everything that downtown Salem has to offer. This is a second floor, 1-1/2 story unit in historic Academy Court. Open floor plan with new hardwood flooring, 13' ceiling, and a loft. New kitchen cabinets with quartz countertops and new appliances. Main bathroom has been updated with tiled floor and a tiled walk in shower. Master bathroom is all new with a large soaking tub and tile. 2 walk in closets. Building has an elevator for easy access to the second floor.

Property Details

Property Features

Property Information:

  • Year Built: 1985
  • Living Area: 1,153 SqFt

Listing Office:

  • Office Name: RE/MAX ALL STARS

Interior Features

Interior Information:

  • Appliances: Dryer, Washer, Dishwasher, Disposal, Microwave, Electric Range, Refrigerator
  • Basement: No
  • Flooring Type: Carpet, Tile - i.e. ceramic, Wood
  • Interior: Ceiling Fan, Storage, Walk-in-Closet

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Covered Porch

Parking Information:

  • Parking: Not Applicable, N/A, Designated Spaces

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • Salem High School, Public District Grades 9-12
  • Andrew Lewis Middle School, Public District Grades 6-8
  • West Salem Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From West Main Street, turn on Academy Street. Parking lot is on the Left. Second building.

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,950
  • Price Per SqFt: $260/SqFt

HOA Fees:

  • Amount: $191
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,565
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Salem, VA

City

Med. Sold Price

$294.9K

Med. Price/SqFt

$169

Avg. Days On Market

3

# of Sold Homes

37

125 Academy St vs Salem

11 DAYS ON ROCKET

+8 Days

$299,950

+$5K More

$260/SqFt

+$90 More

KEY TAKEAWAY

This property is $5K more than the Median Sold Price and $90/SqFt more than other homes in Salem, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #906936

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: 5/4/2024, 10:20:35 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$1,565$130,400
2020$1,544$128,700
2019$1,380$123,800
2018$1,381$117,000
2017$1,381$117,000

History based on county public records data.

Payment Calculator

$1,756

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

Powered By

Rocket Mortgage

Advertisement

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-6218767
4
/10

  • West Salem Elementary School

  • 520 N Bruffey St

  • 0.76 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6218768
6
/10

  • Andrew Lewis Middle School

  • 616 S College Ave

  • 0.66 miles

  • Public District Grades 6-8

High School

school-card-donut-6218769
5
/10

  • Salem High School

  • 400 Spartan Dr

  • 0.93 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 $60,021. The most common annual income of people living in Salem, VA is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 125 Academy St

What is the listing price of this property?

The listing price of 125 Academy St property is $299,950.

What type of property is this?

The property 125 Academy St is a condo located in Salem, Virginia, 24153.

Is this property for sale now?

Active Listing: 125 Academy St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 125 Academy St are:
West Salem Elementary School: GreatSchools Rating 4/10
Andrew Lewis Middle School: GreatSchools Rating 6/10
Salem High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,565 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 125 Academy St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 125 Academy St is 1,153 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 125 Academy St is 1985.

Rocket Homes›Virginia›Salem›24153›125 Academy St

This home is located at 125 Academy St in Salem, VA and zip code 24153. This 1,153 square foot home was built in 1985. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 23, 2024 and is currently priced at $299,950.

In April 2024 more than 12 listings in Salem, VA were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 15 were sold below. Between March 2024 and April 2024, Salem, VA real estate market has seen increase in the number of listings by 18.6%. In April 2024 median list price was $294,944 and the average listing age was 3 days.

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

More Resources