427 Market St
Salem, VA 24153
4 bd 3 ba 2,741 sqft Built 1922 Lot 11,761 sqft single_family
Most recent sale
$475,000
Oct 20, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 20, 2022 | Sold | $475,000 | MLS #893039 |
| Sep 16, 2022 | Listed | $499,000 | MLS #893039 |
| Dec 7, 2021 | Sold | $215,000 | MLS #880763 |
| Nov 12, 2021 | Price changed | $254,375 | MLS #880763 |
| Sep 30, 2021 | Price changed | $299,950 | MLS #880763 |
| Aug 20, 2021 | Price changed | $324,950 | MLS #880763 |
| Jun 10, 2021 | Listed | $349,950 | MLS #880763 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $374,900 | $59,600 | $434,500 | $5,127 |
| 2023 | $339,200 | $53,800 | $393,000 | $4,716 |
| 2022 | $326,600 | $51,500 | $378,100 | $4,537 |
| 2021 | $232,000 | $49,300 | $281,300 | $3,376 |
| 2020 | $225,600 | $47,000 | $272,600 | $3,271 |
| 2019 | $208,900 | $44,800 | $253,700 | $3,044 |
| 2018 | $181,400 | $40,300 | $221,700 | $2,616 |
| 2017 | $179,000 | $40,300 | $219,300 | $2,588 |
| 2016 | $179,000 | $40,300 | $219,300 | $2,588 |
| 2015 | $169,900 | $43,100 | $213,000 | $2,513 |
| 2014 | $169,900 | $43,100 | $213,000 | $251 |
| 2013 | $169,900 | $43,100 | $213,000 | $2,513 |
| 2012 | $169,900 | $43,100 | $213,000 | $2,513 |
| 2011 | $169,900 | $43,100 | $213,000 | $2,513 |
| 2010 | $169,900 | $41,300 | $211,200 | $2,492 |
| 2009 | $169,900 | $41,300 | $211,200 | $2,492 |
Property facts
Year built
1922
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,741 sqft
Lot size
11,761 sqft
ZIP code
24153
City
Salem
Street
Market St
Coordinates
37.29920, -80.05879
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
$4,112
Gross rental yield
10.39%
Implied cap rate
6.75%
Trend-extrapolated value
—
Frequently asked questions
When did 427 Market St last sell?
427 Market St most recently sold on Oct 20, 2022 for $475,000.
What is the current tax assessment for 427 Market St?
The most recent total assessment for 427 Market St (year 2025) is $434,500 with $5,127 in property tax.
How does 427 Market St's assessment compare to its last sale price?
The current assessment is 8.5% below the last sale price of $475,000.
When was 427 Market St built?
427 Market St was built in 1922.
How does 427 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 427 Market St?
427 Market St is a 4 bed, 3 bath, 2,741 sqft, 11,761 sqft lot single_family.
Is 427 Market St a flip candidate?
Yes — 427 Market St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 427 Market St a tax-appeal candidate?
No — 427 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
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