1240 Summit Ln
Roanoke, VA 24017
3 bd 2 ba 1,144 sqft Built 2001 Lot 7,500 sqft single_family
Most recent sale
$184,950
Sep 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 30, 2022 | Sold | $184,950 | MLS #891965 |
| Aug 5, 2022 | Listed | $184,950 | MLS #891965 |
| Oct 11, 2005 | Sold | $115,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $159,300 | $27,200 | $186,500 | $2,454 |
| 2023 | $152,300 | $21,100 | $173,400 | $2,282 |
| 2022 | $128,900 | $17,900 | $146,800 | $1,276 |
| 2021 | $110,000 | $14,900 | $124,900 | $1,270 |
| 2020 | $94,600 | $14,900 | $109,500 | $1,270 |
| 2019 | $90,800 | $14,900 | $105,700 | $1,270 |
| 2018 | $85,800 | $14,900 | $100,700 | $1,270 |
| 2017 | $80,700 | $14,900 | $95,600 | $1,210 |
| 2016 | $82,700 | $14,900 | $97,600 | $1,234 |
| 2015 | $86,600 | $14,900 | $101,500 | $1,267 |
| 2014 | $87,600 | $14,900 | $102,500 | $1,234 |
| 2013 | $87,600 | $14,900 | $102,500 | $1,220 |
| 2012 | $92,500 | $14,900 | $107,400 | $1,278 |
| 2011 | $105,300 | $15,600 | $120,900 | $1,439 |
| 2010 | $105,300 | $15,600 | $120,900 | $1,439 |
| 2009 | $105,300 | $15,600 | $120,900 | $1,439 |
| 2008 | $105,300 | $15,600 | $120,900 | $1,439 |
Property facts
Year built
2001
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,144 sqft
Lot size
7,500 sqft
ZIP code
24017
City
Roanoke
Street
Summit Ln
Coordinates
37.29709, -80.01562
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
$1,716
Gross rental yield
11.13%
Implied cap rate
7.24%
Trend-extrapolated value
—
Frequently asked questions
When did 1240 Summit Ln last sell?
1240 Summit Ln most recently sold on Sep 30, 2022 for $184,950.
What is the current tax assessment for 1240 Summit Ln?
The most recent total assessment for 1240 Summit Ln (year 2025) is $186,500 with $2,454 in property tax.
How does 1240 Summit Ln's assessment compare to its last sale price?
The current assessment is 0.8% above the last sale price of $184,950.
When was 1240 Summit Ln built?
1240 Summit Ln was built in 2001.
How does 1240 Summit Ln compare to others on Summit Ln?
We track 8 other properties on Summit Ln. Browse the list under "Other properties on Summit Ln" to compare beds, baths, and sale history.
What are the property facts for 1240 Summit Ln?
1240 Summit Ln is a 3 bed, 2 bath, 1,144 sqft, 7,500 sqft lot single_family.
Is 1240 Summit Ln a flip candidate?
No — 1240 Summit Ln does not appear in our flips dataset.
Is 1240 Summit Ln a tax-appeal candidate?
No — 1240 Summit Ln 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 Summit Ln