503 Cleveland Ave
Salem, VA 24153
4 bd 3 ba 2,159 sqft Built 1960 Lot 10,019 sqft single_family
Most recent sale
$340,000
Feb 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 24, 2025 | Sold | $360,000 | Roanoke |
| Oct 16, 2024 | Listed | $379,950 | Roanoke |
| Feb 22, 2022 | Sold | $340,000 | MLS #885532 |
| Jan 5, 2022 | Price changed | $349,900 | MLS #885532 |
| Dec 13, 2021 | Price changed | $379,500 | MLS #885532 |
| Nov 24, 2021 | Listed | $385,000 | MLS #885532 |
| May 17, 2021 | Sold | $205,000 | MLS #879075 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $307,600 | $44,400 | $352,000 | $4,153 |
| 2023 | $261,900 | $41,300 | $303,200 | $3,638 |
| 2022 | $246,700 | $38,100 | $284,800 | $3,417 |
| 2021 | $134,700 | $35,400 | $170,100 | $2,041 |
| 2020 | $130,800 | $33,400 | $164,200 | $1,970 |
| 2019 | $126,700 | $33,400 | $160,100 | $1,921 |
| 2018 | $125,800 | $33,400 | $159,200 | $1,878 |
| 2017 | $124,100 | $33,400 | $157,500 | $1,859 |
| 2016 | $124,100 | $33,400 | $157,500 | $1,859 |
| 2015 | $116,000 | $32,500 | $148,500 | $1,752 |
| 2014 | $116,000 | $32,500 | $148,500 | $1,752 |
| 2013 | $116,000 | $32,500 | $148,500 | $1,752 |
| 2012 | $116,000 | $32,500 | $148,500 | $1,752 |
| 2011 | $116,000 | $32,500 | $148,500 | $1,752 |
| 2010 | $116,000 | $31,000 | $147,000 | $1,735 |
| 2009 | $116,000 | $31,000 | $147,000 | $1,735 |
Property facts
Year built
1960
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,159 sqft
Lot size
10,019 sqft
ZIP code
24153
City
Salem
Street
Cleveland Ave
Coordinates
37.30150, -80.05135
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,239
Gross rental yield
11.43%
Implied cap rate
7.43%
Trend-extrapolated value
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Frequently asked questions
When did 503 Cleveland Ave last sell?
503 Cleveland Ave most recently sold on Feb 22, 2022 for $340,000.
What is the current tax assessment for 503 Cleveland Ave?
The most recent total assessment for 503 Cleveland Ave (year 2025) is $352,000 with $4,153 in property tax.
How does 503 Cleveland Ave's assessment compare to its last sale price?
The current assessment is 3.5% above the last sale price of $340,000.
When was 503 Cleveland Ave built?
503 Cleveland Ave was built in 1960.
How does 503 Cleveland Ave compare to others on Cleveland Ave?
We track 5 other properties on Cleveland Ave. Browse the list under "Other properties on Cleveland Ave" to compare beds, baths, and sale history.
What are the property facts for 503 Cleveland Ave?
503 Cleveland Ave is a 4 bed, 3 bath, 2,159 sqft, 10,019 sqft lot single_family.
Is 503 Cleveland Ave a flip candidate?
Yes — 503 Cleveland Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 503 Cleveland Ave a tax-appeal candidate?
No — 503 Cleveland 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
+1.7%
Implied 1-yr
+6.8%
2026 Q3
$386.8K
2026 Q4
$392.7K
ZIP 24153 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cleveland Ave