507 College Ave
Salem, VA 24153
3 bd 2 ba 2,430 sqft Built 1920 Lot 7,405 sqft single_family
Most recent sale
$265,000
Mar 8, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 8, 2022 | Sold | $265,000 | MLS #886267 |
| Jan 14, 2022 | Listed | $275,000 | MLS #886267 |
| Apr 15, 1976 | Sold | $26,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $221,400 | $35,000 | $256,400 | $3,025 |
| 2023 | $177,600 | $31,600 | $209,200 | $2,510 |
| 2022 | $120,500 | $49,600 | $170,100 | $2,041 |
| 2021 | $104,600 | $48,400 | $153,000 | $1,836 |
| 2020 | $106,900 | $48,400 | $155,300 | $1,863 |
| 2019 | $85,000 | $48,400 | $133,400 | $1,600 |
| 2018 | $85,000 | $48,400 | $133,400 | $1,574 |
| 2017 | $84,800 | $48,400 | $133,200 | $1,571 |
| 2016 | $111,300 | $25,500 | $136,800 | $1,614 |
| 2015 | $94,500 | $45,600 | $140,100 | $1,055 |
| 2014 | $94,500 | $45,600 | $140,100 | $1,653 |
| 2013 | $94,500 | $45,600 | $140,100 | $1,653 |
| 2012 | $94,500 | $45,600 | $140,100 | $1,653 |
| 2011 | $94,500 | $45,600 | $140,100 | $1,653 |
| 2010 | $94,500 | $42,000 | $136,500 | $1,610 |
| 2009 | $94,500 | $42,000 | $136,500 | $1,610 |
Property facts
Year built
1920
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
2,430 sqft
Lot size
7,405 sqft
ZIP code
24153
City
Salem
Street
College Ave
Coordinates
37.28779, -80.05347
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,590
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 507 College Ave last sell?
507 College Ave most recently sold on Mar 8, 2022 for $265,000.
What is the current tax assessment for 507 College Ave?
The most recent total assessment for 507 College Ave (year 2025) is $256,400 with $3,025 in property tax.
How does 507 College Ave's assessment compare to its last sale price?
The current assessment is 3.2% below the last sale price of $265,000.
When was 507 College Ave built?
507 College Ave was built in 1920.
How does 507 College Ave compare to others on College Ave?
We track 6 other properties on College Ave. Browse the list under "Other properties on College Ave" to compare beds, baths, and sale history.
What are the property facts for 507 College Ave?
507 College Ave is a 3 bed, 2 bath, 2,430 sqft, 7,405 sqft lot single_family.
Is 507 College Ave a flip candidate?
No — 507 College Ave does not appear in our flips dataset.
Is 507 College Ave a tax-appeal candidate?
No — 507 College 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 College Ave