107 Lake Ave
Salem, VA 24153
4 bd 1 ba 1,250 sqft Built 1950 Lot 7,250 sqft single_family
Most recent sale
$240,000
Jun 20, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 20, 2022 | Sold | $240,000 | MLS #888906 |
| Apr 26, 2022 | Listed | $240,000 | MLS #888906 |
| Jul 11, 2011 | Sold | $139,000 | Public Record |
| May 27, 2011 | Listing removed | $139,900 | Roanoke |
| May 6, 2011 | Listed | $139,900 | MLS #770630 |
| May 6, 2011 | Listing removed | $149,900 | Roanoke |
| Jan 12, 2011 | Price changed | $149,900 | MLS #764591 |
| Jan 1, 2011 | Sold | $139,000 | Public Record |
| Nov 5, 2010 | Listed | $156,900 | MLS #764591 |
| Sep 29, 2009 | Sold | $145,500 | Public Record |
| Sep 6, 2009 | Listing removed | $149,950 | Roanoke |
| Jul 14, 2009 | Relisted | $149,950 | MLS #747042 |
| Jul 12, 2009 | Listing removed | $149,950 | Roanoke |
| Jul 9, 2009 | Listed | $149,950 | MLS #747042 |
| Jan 1, 2009 | Sold | $145,500 | Public Record |
| Oct 31, 2005 | Sold | $115,305 | Public Record |
| Jan 1, 2005 | Sold | $115,305 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $153,000 | $42,100 | $195,100 | $2,302 |
| 2023 | $120,800 | $38,500 | $159,300 | $1,911 |
| 2022 | $92,300 | $33,900 | $126,200 | $1,514 |
| 2021 | $90,400 | $31,700 | $122,100 | $1,465 |
| 2020 | $88,100 | $29,400 | $117,500 | $1,410 |
| 2019 | $86,600 | $29,400 | $116,000 | $1,392 |
| 2018 | $85,600 | $29,400 | $115,000 | $1,357 |
| 2017 | $83,700 | $29,400 | $113,100 | $1,334 |
| 2016 | $83,700 | $29,400 | $113,100 | $1,334 |
| 2015 | $91,500 | $28,500 | $120,000 | $1,416 |
| 2014 | $91,500 | $28,500 | $120,000 | $1,416 |
| 2013 | $91,500 | $28,500 | $120,000 | $1,416 |
| 2012 | $91,500 | $28,500 | $120,000 | $1,416 |
| 2011 | $91,500 | $28,500 | $120,000 | $1,416 |
| 2010 | $81,500 | $27,500 | $109,000 | $1,286 |
| 2009 | $81,500 | $27,500 | $109,000 | $1,286 |
Property facts
Year built
1950
Property type
single_family
Stories
—
Beds
4
Baths
1
Living area
1,250 sqft
Lot size
7,250 sqft
ZIP code
24153
City
Salem
Street
Lake Ave
Coordinates
37.29202, -80.07422
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
$1,875
Gross rental yield
9.38%
Implied cap rate
6.09%
Trend-extrapolated value
—
Frequently asked questions
When did 107 Lake Ave last sell?
107 Lake Ave most recently sold on Jun 20, 2022 for $240,000.
What is the current tax assessment for 107 Lake Ave?
The most recent total assessment for 107 Lake Ave (year 2025) is $195,100 with $2,302 in property tax.
How does 107 Lake Ave's assessment compare to its last sale price?
The current assessment is 18.7% below the last sale price of $240,000.
When was 107 Lake Ave built?
107 Lake Ave was built in 1950.
How does 107 Lake Ave compare to others on Lake Ave?
We track 8 other properties on Lake Ave. Browse the list under "Other properties on Lake Ave" to compare beds, baths, and sale history.
What are the property facts for 107 Lake Ave?
107 Lake Ave is a 4 bed, 1 bath, 1,250 sqft, 7,250 sqft lot single_family.
Is 107 Lake Ave a flip candidate?
No — 107 Lake Ave does not appear in our flips dataset.
Is 107 Lake Ave a tax-appeal candidate?
No — 107 Lake 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
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