3940 Michigan Ave
Roanoke, VA 24017
2 bd 1 ba 960 sqft Built 1945 Lot 7,405 sqft single_family
Most recent sale
$70,000
Aug 3, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 3, 2022 | Sold | $70,000 | MLS #891507 |
| Jul 21, 2022 | Listed | $69,950 | MLS #891507 |
| Aug 27, 2002 | Sold | $54,500 | Public Record |
| Jan 1, 2002 | Sold | $54,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $93,500 | $27,700 | $121,200 | $1,657 |
| 2023 | $73,700 | $16,000 | $89,700 | $1,291 |
| 2022 | $62,600 | $12,500 | $75,100 | $1,075 |
| 2021 | $50,800 | $9,300 | $60,100 | $717 |
| 2020 | $49,800 | $9,300 | $59,100 | $717 |
| 2019 | $49,800 | $9,300 | $59,100 | $717 |
| 2018 | $49,800 | $9,300 | $59,100 | $717 |
| 2017 | $48,500 | $9,300 | $57,800 | $657 |
| 2016 | $48,800 | $9,300 | $58,100 | $657 |
| 2015 | $48,800 | $9,300 | $58,100 | $643 |
| 2014 | $49,500 | $9,300 | $58,800 | $628 |
| 2013 | $51,600 | $10,700 | $62,300 | $614 |
| 2012 | $51,800 | $10,700 | $62,500 | $614 |
| 2011 | $62,800 | $10,700 | $73,500 | $614 |
| 2010 | $62,800 | $10,700 | $73,500 | $614 |
| 2009 | $62,800 | $10,700 | $73,500 | $875 |
| 2008 | $62,800 | $10,700 | $73,500 | $875 |
Property facts
Year built
1945
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
960 sqft
Lot size
7,405 sqft
ZIP code
24017
City
Roanoke
Street
Michigan Ave
Coordinates
37.29331, -80.00246
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$420
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 3940 Michigan Ave last sell?
3940 Michigan Ave most recently sold on Aug 3, 2022 for $70,000.
What is the current tax assessment for 3940 Michigan Ave?
The most recent total assessment for 3940 Michigan Ave (year 2025) is $121,200 with $1,657 in property tax.
How does 3940 Michigan Ave's assessment compare to its last sale price?
The current assessment is 73.1% above the last sale price of $70,000.
When was 3940 Michigan Ave built?
3940 Michigan Ave was built in 1945.
How does 3940 Michigan Ave compare to others on Michigan Ave?
We track 8 other properties on Michigan Ave. Browse the list under "Other properties on Michigan Ave" to compare beds, baths, and sale history.
What are the property facts for 3940 Michigan Ave?
3940 Michigan Ave is a 2 bed, 1 bath, 960 sqft, 7,405 sqft lot single_family.
Is 3940 Michigan Ave a flip candidate?
No — 3940 Michigan Ave does not appear in our flips dataset.
Is 3940 Michigan Ave a tax-appeal candidate?
Yes — 3940 Michigan Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
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 Michigan Ave