508 Shanks St
Salem, VA 24153
3 bd 2 ba 2,471 sqft Built 1962 Lot 26,572 sqft single_family
Most recent sale
$289,950
Aug 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 2, 2022 | Sold | $289,950 | MLS #889997 |
| May 31, 2022 | Listed | $299,950 | MLS #889997 |
| Jul 31, 2013 | Sold | $189,000 | Public Record |
| Jun 20, 2013 | Listing removed | $189,950 | Roanoke |
| Jun 17, 2013 | Relisted | $189,950 | MLS #781629 |
| Apr 4, 2013 | Listing removed | $189,950 | Roanoke |
| Mar 21, 2013 | Price changed | $189,950 | MLS #781629 |
| Jan 1, 2013 | Sold | $189,000 | Public Record |
| Jul 24, 2012 | Price changed | $199,950 | MLS #781629 |
| May 7, 2012 | Listed | $206,950 | MLS #781629 |
| Jun 15, 1982 | Sold | $75,500 | Public Record |
| Aug 15, 1978 | Sold | $57,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $231,200 | $60,300 | $291,500 | $3,439 |
| 2023 | $213,700 | $53,700 | $267,400 | $3,208 |
| 2022 | $177,700 | $47,900 | $225,600 | $2,707 |
| 2021 | $173,500 | $46,100 | $219,600 | $2,635 |
| 2020 | $167,300 | $46,100 | $213,400 | $2,561 |
| 2019 | $161,900 | $46,100 | $208,000 | $2,496 |
| 2018 | $160,500 | $46,100 | $206,600 | $2,437 |
| 2017 | $158,200 | $46,100 | $204,300 | $2,411 |
| 2016 | $158,200 | $46,100 | $204,300 | $2,411 |
| 2015 | $163,600 | $42,900 | $206,500 | $2,437 |
| 2014 | $163,600 | $42,900 | $206,500 | $2,437 |
| 2013 | $163,600 | $42,900 | $206,500 | $2,437 |
| 2012 | $163,600 | $42,900 | $206,500 | $2,437 |
| 2011 | $163,600 | $42,900 | $206,500 | $2,437 |
| 2010 | $163,600 | $42,500 | $206,100 | $2,432 |
| 2009 | $163,600 | $42,500 | $206,100 | $2,432 |
Property facts
Year built
1962
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,471 sqft
Lot size
26,572 sqft
ZIP code
24153
City
Salem
Street
Shanks St
Coordinates
37.29767, -80.06981
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,740
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 508 Shanks St last sell?
508 Shanks St most recently sold on Aug 2, 2022 for $289,950.
What is the current tax assessment for 508 Shanks St?
The most recent total assessment for 508 Shanks St (year 2025) is $291,500 with $3,439 in property tax.
How does 508 Shanks St's assessment compare to its last sale price?
The current assessment is 0.5% above the last sale price of $289,950.
When was 508 Shanks St built?
508 Shanks St was built in 1962.
How does 508 Shanks St compare to others on Shanks St?
We track 7 other properties on Shanks St. Browse the list under "Other properties on Shanks St" to compare beds, baths, and sale history.
What are the property facts for 508 Shanks St?
508 Shanks St is a 3 bed, 2 bath, 2,471 sqft, 26,572 sqft lot single_family.
Is 508 Shanks St a flip candidate?
No — 508 Shanks St does not appear in our flips dataset.
Is 508 Shanks St a tax-appeal candidate?
No — 508 Shanks 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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