501 Broad St
Salem, VA 24153
5 bd 3 ba 2,032 sqft Built 1910 Lot 13,939 sqft single_family
Most recent sale
$249,950
Feb 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 28, 2022 | Sold | $249,950 | MLS #884567 |
| Nov 11, 2021 | Price changed | $249,950 | MLS #884567 |
| Oct 29, 2021 | Price changed | $254,950 | MLS #884567 |
| Oct 14, 2021 | Listed | $259,950 | MLS #884567 |
| Jan 29, 2021 | Sold | $93,000 | MLS #874915 |
| Nov 21, 2020 | Price changed | $92,920 | MLS #874915 |
| Nov 6, 2020 | Listed | $101,000 | MLS #874915 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $182,800 | $48,000 | $230,800 | $2,723 |
| 2023 | $148,600 | $43,400 | $192,000 | $2,304 |
| 2022 | $106,000 | $38,000 | $144,000 | $1,728 |
| 2021 | $76,300 | $35,100 | $111,400 | $1,337 |
| 2020 | $73,500 | $35,100 | $108,600 | $1,303 |
| 2019 | $71,200 | $35,100 | $106,300 | $1,275 |
| 2018 | $59,700 | $35,100 | $94,800 | $1,118 |
| 2017 | $58,800 | $35,100 | $93,900 | $1,108 |
| 2016 | $58,800 | $35,100 | $93,900 | $1,108 |
| 2015 | $56,000 | $26,500 | $82,500 | $973 |
| 2014 | $56,000 | $26,500 | $82,500 | $973 |
| 2013 | $56,000 | $26,500 | $82,500 | $973 |
| 2012 | $56,000 | $26,500 | $82,500 | $973 |
| 2011 | $56,000 | $26,500 | $82,500 | $973 |
| 2010 | $56,000 | $26,500 | $82,500 | $973 |
| 2009 | $56,000 | $26,500 | $82,500 | $973 |
Property facts
Year built
1910
Property type
single_family
Stories
2
Beds
5
Baths
3
Living area
2,032 sqft
Lot size
13,939 sqft
ZIP code
24153
City
Salem
Street
Broad St
Coordinates
37.28732, -80.05773
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
$1,500
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Broad St last sell?
501 Broad St most recently sold on Feb 28, 2022 for $249,950.
What is the current tax assessment for 501 Broad St?
The most recent total assessment for 501 Broad St (year 2025) is $230,800 with $2,723 in property tax.
How does 501 Broad St's assessment compare to its last sale price?
The current assessment is 7.7% below the last sale price of $249,950.
When was 501 Broad St built?
501 Broad St was built in 1910.
How does 501 Broad St compare to others on Broad St?
We track 8 other properties on Broad St. Browse the list under "Other properties on Broad St" to compare beds, baths, and sale history.
What are the property facts for 501 Broad St?
501 Broad St is a 5 bed, 3 bath, 2,032 sqft, 13,939 sqft lot single_family.
Is 501 Broad St a flip candidate?
Yes — 501 Broad St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 501 Broad St a tax-appeal candidate?
No — 501 Broad St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.7%
Implied 1-yr
+6.8%
2026 Q3
$386.8K
2026 Q4
$392.7K
ZIP 24153 — Median Price History + Forecast
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