408 Market St
Salem, VA 24153
3 bd 1 ba 1,238 sqft Built 1950 Lot 6,098 sqft single_family
Most recent sale
$175,000
Jul 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 15, 2022 | Sold | $175,000 | MLS #890449 |
| Jun 15, 2022 | Listed | $175,000 | MLS #890449 |
| Nov 30, 2012 | Sold | $30,000 | Public Record |
| Jan 1, 2012 | Sold | $30,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $144,300 | $29,900 | $174,200 | $2,055 |
| 2023 | $108,100 | $27,000 | $135,100 | $1,621 |
| 2022 | $76,600 | $23,700 | $100,300 | $1,203 |
| 2021 | $73,800 | $21,900 | $95,700 | $1,148 |
| 2020 | $70,200 | $21,900 | $92,100 | $1,105 |
| 2019 | $67,000 | $21,900 | $88,900 | $1,067 |
| 2018 | $56,300 | $21,900 | $78,200 | $922 |
| 2017 | $55,500 | $21,900 | $77,400 | $913 |
| 2016 | $55,500 | $21,900 | $77,400 | $913 |
| 2015 | $41,300 | $21,000 | $62,300 | $735 |
| 2014 | $41,300 | $21,000 | $62,300 | $735 |
| 2013 | $41,300 | $21,000 | $62,300 | $735 |
| 2012 | $41,300 | $21,000 | $62,300 | $735 |
| 2011 | $41,300 | $21,000 | $62,300 | $735 |
| 2010 | $41,100 | $21,500 | $62,600 | $739 |
| 2009 | $41,100 | $21,500 | $62,600 | $739 |
Property facts
Year built
1950
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,238 sqft
Lot size
6,098 sqft
ZIP code
24153
City
Salem
Street
Market St
Coordinates
37.28867, -80.05550
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
$1,857
Gross rental yield
12.73%
Implied cap rate
8.28%
Trend-extrapolated value
—
Frequently asked questions
When did 408 Market St last sell?
408 Market St most recently sold on Jul 15, 2022 for $175,000.
What is the current tax assessment for 408 Market St?
The most recent total assessment for 408 Market St (year 2025) is $174,200 with $2,055 in property tax.
How does 408 Market St's assessment compare to its last sale price?
The current assessment is 0.5% below the last sale price of $175,000.
When was 408 Market St built?
408 Market St was built in 1950.
How does 408 Market St compare to others on Market St?
We track 8 other properties on Market St. Browse the list under "Other properties on Market St" to compare beds, baths, and sale history.
What are the property facts for 408 Market St?
408 Market St is a 3 bed, 1 bath, 1,238 sqft, 6,098 sqft lot single_family.
Is 408 Market St a flip candidate?
No — 408 Market St does not appear in our flips dataset.
Is 408 Market St a tax-appeal candidate?
No — 408 Market 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 Market St