501 Litchell Rd
Salem, VA 24153
3 bd 2 ba 1,300 sqft Built 1957 Lot 37,462 sqft single_family
Most recent sale
$173,500
Apr 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 6, 2022 | Sold | $173,500 | MLS #886985 |
| Feb 16, 2022 | Listed | $174,500 | MLS #886985 |
| Nov 28, 2018 | Sold | $143,500 | MLS #851161 |
| Oct 30, 2018 | Relisted | $144,350 | MLS #851161 |
| Oct 21, 2018 | Listing removed | $144,350 | Roanoke |
| Oct 14, 2018 | Price changed | $144,350 | MLS #851161 |
| Oct 8, 2018 | Price changed | $144,450 | MLS #851161 |
| Sep 29, 2018 | Price changed | $144,550 | MLS #851161 |
| Sep 21, 2018 | Price changed | $144,650 | MLS #851161 |
| Sep 18, 2018 | Relisted | $144,750 | MLS #851161 |
| Sep 12, 2018 | Listing removed | $144,750 | Roanoke |
| Sep 8, 2018 | Price changed | $144,750 | MLS #851161 |
| Aug 31, 2018 | Price changed | $144,850 | MLS #851161 |
| Aug 28, 2018 | Price changed | $144,950 | MLS #851161 |
| Aug 6, 2018 | Listed | $149,950 | MLS #851161 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $169,900 | $47,200 | $217,100 | $2,561 |
| 2023 | $132,000 | $40,600 | $172,600 | $2,071 |
| 2022 | $108,400 | $39,000 | $147,400 | $1,768 |
| 2021 | $103,900 | $36,800 | $140,700 | $1,688 |
| 2020 | $100,000 | $36,800 | $136,800 | $1,642 |
| 2019 | $97,800 | $36,800 | $134,600 | $1,615 |
| 2018 | $96,600 | $36,800 | $133,400 | $1,574 |
| 2017 | $95,500 | $36,800 | $132,300 | $1,561 |
| 2016 | $95,300 | $36,800 | $132,100 | $1,559 |
| 2015 | $98,000 | $33,400 | $131,400 | $1,551 |
| 2014 | $98,000 | $33,400 | $131,400 | $864 |
| 2013 | $98,000 | $33,400 | $131,400 | $1,551 |
| 2012 | $98,000 | $33,400 | $131,400 | $1,551 |
| 2011 | $98,000 | $33,400 | $131,400 | $1,551 |
| 2010 | $98,000 | $33,000 | $131,000 | $1,546 |
| 2009 | $98,000 | $33,000 | $131,000 | $1,546 |
Property facts
Year built
1957
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,300 sqft
Lot size
37,462 sqft
ZIP code
24153
City
Salem
Street
Litchell Rd
Coordinates
37.29291, -80.10392
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,950
Gross rental yield
13.49%
Implied cap rate
8.77%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Litchell Rd last sell?
501 Litchell Rd most recently sold on Apr 6, 2022 for $173,500.
What is the current tax assessment for 501 Litchell Rd?
The most recent total assessment for 501 Litchell Rd (year 2025) is $217,100 with $2,561 in property tax.
How does 501 Litchell Rd's assessment compare to its last sale price?
The current assessment is 25.1% above the last sale price of $173,500.
When was 501 Litchell Rd built?
501 Litchell Rd was built in 1957.
How does 501 Litchell Rd compare to others on Litchell Rd?
We track 4 other properties on Litchell Rd. Browse the list under "Other properties on Litchell Rd" to compare beds, baths, and sale history.
What are the property facts for 501 Litchell Rd?
501 Litchell Rd is a 3 bed, 2 bath, 1,300 sqft, 37,462 sqft lot single_family.
Is 501 Litchell Rd a flip candidate?
No — 501 Litchell Rd does not appear in our flips dataset.
Is 501 Litchell Rd a tax-appeal candidate?
No — 501 Litchell Rd 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 Litchell Rd