1320 Red Lane Ext
Salem, VA 24153
4 bd 3 ba 2,480 sqft Built 2007 Lot 10,454 sqft single_family
Most recent sale
$399,000
Jun 16, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 27, 2022 | Sold | $450,000 | Roanoke |
| Sep 17, 2022 | Listed | $449,950 | MLS #893055 |
| Jun 16, 2021 | Sold | $399,000 | MLS #879461 |
| Sep 1, 2016 | Sold | $330,000 | Public Record |
| Nov 1, 2007 | Sold | $370,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $386,500 | $72,000 | $458,500 | $4,722 |
| 2023 | $345,000 | $69,000 | $414,000 | $4,388 |
| 2022 | $322,700 | $59,000 | $381,700 | $4,160 |
| 2021 | $283,100 | $54,000 | $337,100 | $3,674 |
| 2020 | $277,100 | $50,000 | $327,100 | $3,565 |
| 2018 | $255,100 | $50,000 | $305,100 | $3,326 |
| 2017 | $253,600 | $50,000 | $303,600 | $3,309 |
| 2016 | $244,900 | $50,000 | $294,900 | $3,214 |
| 2015 | $242,200 | $50,000 | $292,200 | $3,185 |
| 2014 | $241,700 | $50,000 | $291,700 | $3,180 |
| 2013 | $244,200 | $50,000 | $294,200 | $3,207 |
| 2012 | $261,400 | $50,000 | $311,400 | $3,394 |
| 2011 | $277,800 | $50,000 | $327,800 | $3,573 |
| 2010 | $277,100 | $50,000 | $327,100 | $3,565 |
| 2009 | $274,500 | $50,000 | $324,500 | $3,549 |
| 2008 | $274,500 | $50,000 | $324,500 | $3,537 |
| 2007 | — | $42,500 | $42,500 | $463 |
Property facts
Year built
2007
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,480 sqft
Lot size
10,454 sqft
ZIP code
24153
City
Salem
Street
Red Lane Ext
Coordinates
37.31200, -80.06771
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,720
Gross rental yield
11.19%
Implied cap rate
7.27%
Trend-extrapolated value
—
Frequently asked questions
When did 1320 Red Lane Ext last sell?
1320 Red Lane Ext most recently sold on Jun 16, 2021 for $399,000.
What is the current tax assessment for 1320 Red Lane Ext?
The most recent total assessment for 1320 Red Lane Ext (year 2025) is $458,500 with $4,722 in property tax.
How does 1320 Red Lane Ext's assessment compare to its last sale price?
The current assessment is 14.9% above the last sale price of $399,000.
When was 1320 Red Lane Ext built?
1320 Red Lane Ext was built in 2007.
How does 1320 Red Lane Ext compare to others on Red Lane Ext?
We track 8 other properties on Red Lane Ext. Browse the list under "Other properties on Red Lane Ext" to compare beds, baths, and sale history.
What are the property facts for 1320 Red Lane Ext?
1320 Red Lane Ext is a 4 bed, 3 bath, 2,480 sqft, 10,454 sqft lot single_family.
Is 1320 Red Lane Ext a flip candidate?
No — 1320 Red Lane Ext does not appear in our flips dataset.
Is 1320 Red Lane Ext a tax-appeal candidate?
No — 1320 Red Lane Ext 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 Red Lane Ext