1228 Melrose Ave
Roanoke, VA 24017
3 bd 1 ba 1,412 sqft Built 1923 Lot 7,405 sqft single_family
Most recent sale
$160,000
Sep 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 30, 2022 | Sold | $160,000 | MLS #886410 |
| Jun 7, 2022 | Price changed | $150,000 | MLS #886410 |
| May 17, 2022 | Listed | $158,000 | MLS #886410 |
| Jul 23, 2021 | Sold | $25,000 | MLS #881164 |
| Jun 22, 2021 | Listed | $19,900 | MLS #881164 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $162,100 | $15,100 | $177,200 | $2,358 |
| 2023 | $93,800 | $7,500 | $101,300 | $1,417 |
| 2022 | $25,200 | $6,200 | $31,400 | $555 |
| 2021 | $38,400 | $5,200 | $43,600 | $695 |
| 2020 | $38,400 | $5,200 | $43,600 | $681 |
| 2019 | $34,700 | $5,200 | $39,900 | $636 |
| 2018 | $38,400 | $5,200 | $43,600 | $681 |
| 2017 | $38,400 | $5,200 | $43,600 | $585 |
| 2016 | $38,400 | $5,200 | $43,600 | $585 |
| 2015 | $38,400 | $5,200 | $43,600 | $567 |
| 2014 | $38,400 | $5,200 | $43,600 | $536 |
| 2013 | $40,400 | $5,200 | $45,600 | $542 |
| 2012 | $42,500 | $5,200 | $47,700 | $567 |
| 2011 | $45,700 | $5,200 | $50,900 | $605 |
| 2010 | $45,700 | $5,200 | $50,900 | $605 |
| 2009 | $45,700 | $5,200 | $50,900 | $605 |
| 2008 | $45,700 | $5,200 | $50,900 | $605 |
Property facts
Year built
1923
Property type
single_family
Stories
—
Beds
3
Baths
1
Living area
1,412 sqft
Lot size
7,405 sqft
ZIP code
24017
City
Roanoke
Street
Melrose Ave
Coordinates
37.28238, -79.95855
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$960
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1228 Melrose Ave last sell?
1228 Melrose Ave most recently sold on Sep 30, 2022 for $160,000.
What is the current tax assessment for 1228 Melrose Ave?
The most recent total assessment for 1228 Melrose Ave (year 2025) is $177,200 with $2,358 in property tax.
How does 1228 Melrose Ave's assessment compare to its last sale price?
The current assessment is 10.8% above the last sale price of $160,000.
When was 1228 Melrose Ave built?
1228 Melrose Ave was built in 1923.
How does 1228 Melrose Ave compare to others on Melrose Ave?
We track 8 other properties on Melrose Ave. Browse the list under "Other properties on Melrose Ave" to compare beds, baths, and sale history.
What are the property facts for 1228 Melrose Ave?
1228 Melrose Ave is a 3 bed, 1 bath, 1,412 sqft, 7,405 sqft lot single_family.
Is 1228 Melrose Ave a flip candidate?
Yes — 1228 Melrose Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 1228 Melrose Ave a tax-appeal candidate?
No — 1228 Melrose Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.8%
Implied 1-yr
+11.3%
2026 Q3
$233.5K
2026 Q4
$239.1K
ZIP 24017 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melrose Ave