721 Mill Rd
Salem, VA 24153
3 bd 4 ba 3,464 sqft Built 2007 Lot 188,615 sqft single_family
Most recent sale
$515,000
Feb 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 25, 2022 | Sold | $515,000 | MLS #885685 |
| Dec 5, 2021 | Listed | $549,950 | MLS #885685 |
| Dec 4, 2021 | Listed | $499,995 | MLS #885680 |
| May 21, 2021 | Relisted | $549,950 | MLS #871056 |
| Dec 31, 2020 | Relisted | $424,950 | MLS #871056 |
| Aug 11, 2020 | Price changed | $424,950 | MLS #871056 |
| Jul 23, 2020 | Price changed | $449,950 | MLS #871056 |
| Jul 7, 2020 | Listed | $499,950 | MLS #871056 |
| Jul 28, 2011 | Listing removed | $389,950 | Roanoke |
| May 13, 2011 | Price changed | $389,950 | MLS #770199 |
| Apr 26, 2011 | Listed | $399,950 | MLS #770199 |
| Apr 26, 2011 | Listing removed | $399,950 | Roanoke |
| Jan 25, 2011 | Listed | $399,950 | MLS #766758 |
| Dec 29, 2010 | Listing removed | $394,950 | Roanoke |
| Oct 8, 2010 | Price changed | $394,950 | MLS #761185 |
| Aug 2, 2010 | Price changed | $399,950 | MLS #761185 |
| Jul 27, 2010 | Listing removed | $404,950 | Roanoke |
| Jul 27, 2010 | Listed | $404,950 | MLS #761185 |
| Jun 18, 2010 | Price changed | $404,950 | MLS #757565 |
| May 18, 2010 | Price changed | $409,950 | MLS #757565 |
| Apr 26, 2010 | Listed | $420,000 | MLS #757565 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $385,400 | $49,900 | $435,300 | $5,136 |
| 2023 | $358,300 | $45,400 | $403,700 | $4,844 |
| 2022 | $291,400 | $38,500 | $329,900 | $3,958 |
| 2021 | $287,200 | $36,800 | $324,000 | $3,888 |
| 2020 | $282,700 | $36,800 | $319,500 | $3,834 |
| 2019 | $280,000 | $36,800 | $316,800 | $3,802 |
| 2018 | $271,900 | $36,800 | $308,700 | $3,642 |
| 2017 | $269,000 | $36,800 | $305,800 | $3,608 |
| 2016 | $268,500 | $36,800 | $305,300 | $3,603 |
| 2015 | $263,200 | $36,500 | $299,700 | $3,536 |
| 2014 | $263,200 | $36,500 | $299,700 | $3,536 |
| 2013 | $263,200 | $36,500 | $299,700 | $3,536 |
| 2012 | $263,200 | $36,500 | $299,700 | $3,536 |
| 2011 | $263,200 | $36,500 | $299,700 | $3,536 |
| 2010 | $224,500 | $35,500 | $260,000 | $3,068 |
| 2009 | $224,500 | $35,500 | $260,000 | $3,068 |
Property facts
Year built
2007
Property type
single_family
Stories
2
Beds
3
Baths
4
Living area
3,464 sqft
Lot size
188,615 sqft
ZIP code
24153
City
Salem
Street
Mill Rd
Coordinates
37.30547, -80.04593
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,196
Gross rental yield
12.11%
Implied cap rate
7.87%
Trend-extrapolated value
—
Frequently asked questions
When did 721 Mill Rd last sell?
721 Mill Rd most recently sold on Feb 25, 2022 for $515,000.
What is the current tax assessment for 721 Mill Rd?
The most recent total assessment for 721 Mill Rd (year 2025) is $435,300 with $5,136 in property tax.
How does 721 Mill Rd's assessment compare to its last sale price?
The current assessment is 15.5% below the last sale price of $515,000.
When was 721 Mill Rd built?
721 Mill Rd was built in 2007.
How does 721 Mill Rd compare to others on Mill Rd?
We track 8 other properties on Mill Rd. Browse the list under "Other properties on Mill Rd" to compare beds, baths, and sale history.
What are the property facts for 721 Mill Rd?
721 Mill Rd is a 3 bed, 4 bath, 3,464 sqft, 188,615 sqft lot single_family.
Is 721 Mill Rd a flip candidate?
No — 721 Mill Rd does not appear in our flips dataset.
Is 721 Mill Rd a tax-appeal candidate?
No — 721 Mill 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
Other properties on Mill Rd