2917 Elderwood Rd
Salem, VA 24153
3 bd 1 ba 1,014 sqft Built 1985 Lot 6,970 sqft single_family
Most recent sale
$165,000
Jan 24, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 29, 2024 | Listed | $239,950 | Roanoke |
| Jan 24, 2024 | Sold | $165,000 | Public Record |
| Mar 1, 1995 | Sold | $67,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $166,000 | $47,000 | $213,000 | $2,193 |
| 2023 | $113,700 | $44,000 | $157,700 | $1,671 |
| 2022 | $96,600 | $36,000 | $132,600 | $1,445 |
| 2021 | $92,500 | $36,000 | $128,500 | $1,400 |
| 2020 | $88,000 | $36,000 | $124,000 | $1,351 |
| 2018 | $83,300 | $36,000 | $119,300 | $1,300 |
| 2017 | $82,300 | $36,000 | $118,300 | $1,289 |
| 2016 | $82,300 | $36,000 | $118,300 | $1,289 |
| 2015 | $80,500 | $36,000 | $116,500 | $1,269 |
| 2014 | $80,500 | $36,000 | $116,500 | $1,269 |
| 2013 | $81,400 | $36,000 | $117,400 | $1,279 |
| 2012 | $82,600 | $38,000 | $120,600 | $1,314 |
| 2011 | $82,500 | $38,000 | $120,500 | $1,313 |
| 2008 | $80,800 | $34,000 | $114,800 | $1,251 |
| 2007 | $77,100 | $30,000 | $107,100 | $1,167 |
Property facts
Year built
1985
Property type
single_family
Stories
—
Beds
3
Baths
1
Living area
1,014 sqft
Lot size
6,970 sqft
ZIP code
24153
City
Salem
Street
Elderwood Rd
Coordinates
37.29457, -80.11712
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
$1,521
Gross rental yield
11.06%
Implied cap rate
7.19%
Trend-extrapolated value
—
Frequently asked questions
When did 2917 Elderwood Rd last sell?
2917 Elderwood Rd most recently sold on Jan 24, 2024 for $165,000.
What is the current tax assessment for 2917 Elderwood Rd?
The most recent total assessment for 2917 Elderwood Rd (year 2025) is $213,000 with $2,193 in property tax.
How does 2917 Elderwood Rd's assessment compare to its last sale price?
The current assessment is 29.1% above the last sale price of $165,000.
When was 2917 Elderwood Rd built?
2917 Elderwood Rd was built in 1985.
How does 2917 Elderwood Rd compare to others on Elderwood Rd?
We track 6 other properties on Elderwood Rd. Browse the list under "Other properties on Elderwood Rd" to compare beds, baths, and sale history.
What are the property facts for 2917 Elderwood Rd?
2917 Elderwood Rd is a 3 bed, 1 bath, 1,014 sqft, 6,970 sqft lot single_family.
Is 2917 Elderwood Rd a flip candidate?
No — 2917 Elderwood Rd does not appear in our flips dataset.
Is 2917 Elderwood Rd a tax-appeal candidate?
Yes — 2917 Elderwood Rd 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
+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 Elderwood Rd