2505 Gatehouse Ln
Salem, VA 24153
2 bd 2 ba 1,075 sqft Built 1984 condos
Most recent sale
$206,000
Jun 17, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 17, 2022 | Sold | $206,000 | MLS #888746 |
| Apr 21, 2022 | Listed | $195,000 | MLS #888746 |
| Apr 12, 2021 | Sold | $132,000 | MLS #877861 |
| Jan 5, 2019 | Listing removed | $116,950 | Roanoke |
| Jan 2, 2019 | Sold | $116,950 | MLS #854119 |
| Nov 14, 2018 | Listed | $116,950 | MLS #854119 |
| Aug 12, 2005 | Sold | $110,000 | Public Record |
| Jan 1, 2005 | Sold | $110,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $138,300 | $30,000 | $168,300 | $1,985 |
| 2023 | $145,800 | — | $145,800 | $1,749 |
| 2022 | $120,300 | — | $120,300 | $1,443 |
| 2021 | $112,900 | — | $112,900 | $1,355 |
| 2020 | $112,400 | — | $112,400 | $1,348 |
| 2019 | $103,900 | — | $103,900 | $1,246 |
| 2018 | $103,900 | — | $103,900 | $1,226 |
| 2017 | $103,900 | — | $103,900 | $1,226 |
| 2016 | $103,900 | — | $103,900 | $1,226 |
| 2015 | $91,300 | $15,000 | $106,300 | $1,254 |
| 2014 | $91,300 | $15,000 | $106,300 | $1,254 |
| 2013 | $91,300 | $15,000 | $106,300 | $1,254 |
| 2012 | $91,300 | $15,000 | $106,300 | $1,254 |
| 2011 | $91,300 | $15,000 | $106,300 | $1,254 |
| 2010 | $89,200 | $15,000 | $104,200 | $1,475 |
| 2009 | $89,200 | $15,000 | $104,200 | $1,229 |
Property facts
Year built
1984
Property type
condos
Stories
—
Beds
2
Baths
2
Living area
1,075 sqft
Lot size
—
ZIP code
24153
City
Salem
Street
Gatehouse Ln
Coordinates
37.26444, -80.03801
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
$1,613
Gross rental yield
9.40%
Implied cap rate
6.11%
Trend-extrapolated value
—
Frequently asked questions
When did 2505 Gatehouse Ln last sell?
2505 Gatehouse Ln most recently sold on Jun 17, 2022 for $206,000.
What is the current tax assessment for 2505 Gatehouse Ln?
The most recent total assessment for 2505 Gatehouse Ln (year 2025) is $168,300 with $1,985 in property tax.
How does 2505 Gatehouse Ln's assessment compare to its last sale price?
The current assessment is 18.3% below the last sale price of $206,000.
When was 2505 Gatehouse Ln built?
2505 Gatehouse Ln was built in 1984.
How does 2505 Gatehouse Ln compare to others on Gatehouse Ln?
We track 8 other properties on Gatehouse Ln. Browse the list under "Other properties on Gatehouse Ln" to compare beds, baths, and sale history.
What are the property facts for 2505 Gatehouse Ln?
2505 Gatehouse Ln is a 2 bed, 2 bath, 1,075 sqft condos.
Is 2505 Gatehouse Ln a flip candidate?
Yes — 2505 Gatehouse Ln appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 2505 Gatehouse Ln a tax-appeal candidate?
No — 2505 Gatehouse Ln 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 Gatehouse Ln