227 Elm St
Salem, VA 24153
3 bd 2 ba 1,196 sqft Built 1940 Lot 10,890 sqft single_family
Most recent sale
$210,000
May 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 10, 2022 | Sold | $210,000 | MLS #887521 |
| Mar 9, 2022 | Listed | $209,000 | MLS #887521 |
| Sep 20, 2019 | Sold | $165,000 | MLS #863102 |
| Sep 12, 2019 | Listed | $169,950 | MLS #863102 |
| Aug 15, 1983 | Sold | $27,950 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $134,900 | $42,500 | $177,400 | $2,093 |
| 2023 | $106,500 | $38,400 | $144,900 | $1,738 |
| 2022 | $96,300 | $31,900 | $128,200 | $1,538 |
| 2021 | $92,800 | $30,100 | $122,900 | $1,475 |
| 2020 | $87,500 | $30,100 | $117,600 | $1,411 |
| 2019 | $36,800 | $30,100 | $66,900 | $802 |
| 2018 | $43,300 | $30,100 | $73,400 | $866 |
| 2017 | $42,700 | $30,100 | $72,800 | $859 |
| 2016 | $42,700 | $30,100 | $72,800 | $859 |
| 2015 | $41,700 | $26,500 | $68,200 | $804 |
| 2014 | $41,700 | $26,500 | $68,200 | $804 |
| 2013 | $41,700 | $26,500 | $68,200 | $804 |
| 2012 | $41,700 | $26,500 | $68,200 | $804 |
| 2011 | $41,700 | $26,500 | $68,200 | $804 |
| 2010 | $41,700 | $26,500 | $68,200 | $804 |
| 2009 | $41,700 | $26,500 | $68,200 | $804 |
Property facts
Year built
1940
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,196 sqft
Lot size
10,890 sqft
ZIP code
24153
City
Salem
Street
Elm St
Coordinates
37.28884, -80.06654
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,794
Gross rental yield
10.25%
Implied cap rate
6.66%
Trend-extrapolated value
—
Frequently asked questions
When did 227 Elm St last sell?
227 Elm St most recently sold on May 10, 2022 for $210,000.
What is the current tax assessment for 227 Elm St?
The most recent total assessment for 227 Elm St (year 2025) is $177,400 with $2,093 in property tax.
How does 227 Elm St's assessment compare to its last sale price?
The current assessment is 15.5% below the last sale price of $210,000.
When was 227 Elm St built?
227 Elm St was built in 1940.
How does 227 Elm St compare to others on Elm St?
We track 8 other properties on Elm St. Browse the list under "Other properties on Elm St" to compare beds, baths, and sale history.
What are the property facts for 227 Elm St?
227 Elm St is a 3 bed, 2 bath, 1,196 sqft, 10,890 sqft lot single_family.
Is 227 Elm St a flip candidate?
No — 227 Elm St does not appear in our flips dataset.
Is 227 Elm St a tax-appeal candidate?
No — 227 Elm 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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