721 Red Ln
Salem, VA 24153
3 bd 2 ba 2,156 sqft Built 1939 Lot 13,939 sqft single_family
Most recent sale
$282,000
Jul 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 29, 2022 | Sold | $282,000 | MLS #890825 |
| Jun 29, 2022 | Listed | $289,950 | MLS #890825 |
| Nov 15, 1977 | Sold | $63,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $304,100 | $58,400 | $362,500 | $4,277 |
| 2023 | $192,000 | $54,300 | $246,300 | $2,955 |
| 2022 | $172,500 | $50,100 | $222,600 | $2,671 |
| 2021 | $161,800 | $46,600 | $208,400 | $2,501 |
| 2020 | $162,600 | $43,900 | $206,500 | $2,478 |
| 2019 | $159,200 | $43,900 | $203,100 | $2,437 |
| 2018 | $158,900 | $43,900 | $202,800 | $2,393 |
| 2017 | $156,800 | $43,900 | $200,700 | $2,368 |
| 2016 | $156,800 | $43,900 | $200,700 | $2,368 |
| 2015 | $150,800 | $43,200 | $194,000 | $2,289 |
| 2014 | $150,800 | $43,200 | $194,000 | $2,289 |
| 2013 | $150,800 | $43,200 | $194,000 | $2,289 |
| 2012 | $150,800 | $43,200 | $194,000 | $2,289 |
| 2011 | $150,800 | $43,200 | $194,000 | $2,289 |
| 2010 | $150,800 | $41,400 | $192,200 | $2,268 |
| 2009 | $150,800 | $41,400 | $192,200 | $2,268 |
Property facts
Year built
1939
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
2,156 sqft
Lot size
13,939 sqft
ZIP code
24153
City
Salem
Street
Red Ln
Coordinates
37.30237, -80.06087
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,234
Gross rental yield
13.76%
Implied cap rate
8.95%
Trend-extrapolated value
—
Frequently asked questions
When did 721 Red Ln last sell?
721 Red Ln most recently sold on Jul 29, 2022 for $282,000.
What is the current tax assessment for 721 Red Ln?
The most recent total assessment for 721 Red Ln (year 2025) is $362,500 with $4,277 in property tax.
How does 721 Red Ln's assessment compare to its last sale price?
The current assessment is 28.5% above the last sale price of $282,000.
When was 721 Red Ln built?
721 Red Ln was built in 1939.
How does 721 Red Ln compare to others on Red Ln?
We track 8 other properties on Red Ln. Browse the list under "Other properties on Red Ln" to compare beds, baths, and sale history.
What are the property facts for 721 Red Ln?
721 Red Ln is a 3 bed, 2 bath, 2,156 sqft, 13,939 sqft lot single_family.
Is 721 Red Ln a flip candidate?
No — 721 Red Ln does not appear in our flips dataset.
Is 721 Red Ln a tax-appeal candidate?
No — 721 Red Ln 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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