503 Main St
Salem, VA 24153
1 bd 1 ba 1,084 sqft Built 1987 condos
Most recent sale
$140,000
Oct 18, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 18, 2022 | Sold | $140,000 | MLS #892743 |
| Sep 6, 2022 | Listed | $154,000 | MLS #892743 |
| Sep 15, 1994 | Sold | $56,000 | Public Record |
| Feb 15, 1991 | Sold | $49,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $120,500 | $30,000 | $150,500 | $1,775 |
| 2023 | $118,100 | — | $118,100 | $1,417 |
| 2022 | $102,800 | — | $102,800 | $1,233 |
| 2021 | $93,300 | — | $93,300 | $1,120 |
| 2020 | $92,800 | — | $92,800 | $1,114 |
| 2019 | $92,800 | — | $92,800 | $1,114 |
| 2018 | $92,800 | — | $92,800 | $1,095 |
| 2017 | $92,800 | — | $92,800 | $1,095 |
| 2016 | $92,800 | — | $92,800 | $1,095 |
| 2015 | $82,500 | $13,000 | $95,500 | $1,127 |
| 2014 | $82,500 | $13,000 | $95,500 | $1,127 |
| 2013 | $82,500 | $13,000 | $95,500 | $1,127 |
| 2012 | $82,500 | $13,000 | $95,500 | $1,127 |
| 2011 | $82,500 | $13,000 | $95,500 | $1,127 |
| 2010 | $81,500 | $13,000 | $94,500 | $1,115 |
| 2009 | $81,500 | $13,000 | $94,500 | $1,115 |
Property facts
Year built
1987
Property type
condos
Stories
—
Beds
1
Baths
1
Living area
1,084 sqft
Lot size
—
ZIP code
24153
City
Salem
Street
Main St
Coordinates
37.29146, -80.06698
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
$1,626
Gross rental yield
13.94%
Implied cap rate
9.06%
Trend-extrapolated value
—
Frequently asked questions
When did 503 Main St last sell?
503 Main St most recently sold on Oct 18, 2022 for $140,000.
What is the current tax assessment for 503 Main St?
The most recent total assessment for 503 Main St (year 2025) is $150,500 with $1,775 in property tax.
How does 503 Main St's assessment compare to its last sale price?
The current assessment is 7.5% above the last sale price of $140,000.
When was 503 Main St built?
503 Main St was built in 1987.
How does 503 Main St compare to others on Main St?
We track 8 other properties on Main St. Browse the list under "Other properties on Main St" to compare beds, baths, and sale history.
What are the property facts for 503 Main St?
503 Main St is a 1 bed, 1 bath, 1,084 sqft condos.
Is 503 Main St a flip candidate?
No — 503 Main St does not appear in our flips dataset.
Is 503 Main St a tax-appeal candidate?
No — 503 Main 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
Explore nearby
Other properties on Main St