1200 Terrace Dr
Salem, VA 24153
5 bd 5 ba 5,503 sqft Built 2000 Lot 138,956 sqft single_family
Most recent sale
$600,000
Mar 17, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 9, 2024 | Sold | $950,000 | Roanoke |
| Feb 23, 2024 | Price changed | $1,045,000 | Roanoke |
| Jan 11, 2024 | Listed | $1,120,000 | Roanoke |
| Mar 17, 2021 | Sold | $600,000 | Roanoke |
| Nov 9, 2018 | Sold | $524,500 | Roanoke |
| Oct 30, 2018 | Relisted | $547,000 | Roanoke |
| Sep 26, 2018 | Listing removed | — | NewRiver |
| Sep 25, 2018 | Listing removed | $547,000 | Roanoke |
| Jul 11, 2018 | Listing removed | $2,250 | Roanoke |
| Jul 1, 2018 | Listing removed | — | RentlinxUnits |
| Jun 28, 2018 | Listed for rent | $2,250 | Roanoke |
| Jun 14, 2018 | Listed for rent | $2,595 | RentlinxUnits |
| Jun 5, 2018 | Price changed | $547,000 | NewRiver |
| May 9, 2018 | Price changed | $559,000 | Roanoke |
| Apr 27, 2018 | Price changed | $577,000 | NewRiver |
| Apr 20, 2018 | Price changed | $587,000 | NewRiver |
| Apr 18, 2018 | Price changed | $587,000 | Roanoke |
| Mar 29, 2018 | Listed | $597,000 | NewRiver |
| Dec 5, 2014 | Sold | $505,200 | Public Record |
| Sep 9, 2013 | Listing removed | $569,000 | Roanoke |
| Jun 10, 2013 | Listed | $569,000 | Roanoke |
| Feb 16, 2013 | Listing removed | $574,950 | Roanoke |
| Aug 15, 2012 | Listed | $574,950 | Roanoke |
| Jul 13, 2012 | Listing removed | $579,950 | Roanoke |
| Jan 13, 2012 | Listed | $579,950 | Roanoke |
| Oct 2, 2011 | Listing removed | $599,950 | Roanoke |
| May 19, 2011 | Listed | $599,950 | Roanoke |
| Nov 8, 2009 | Listing removed | $649,000 | Roanoke |
| Jun 11, 2009 | Listed | $649,000 | Roanoke |
| Apr 3, 2009 | Listing removed | $669,000 | Roanoke |
| Sep 19, 2008 | Listed | $669,000 | Roanoke |
| Oct 1, 1999 | Sold | $32,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $768,400 | $56,400 | $824,800 | $8,495 |
| 2023 | $602,700 | $56,400 | $659,100 | $6,986 |
| 2022 | $499,600 | $56,400 | $556,000 | $6,060 |
| 2021 | $471,400 | $53,600 | $525,000 | $5,722 |
| 2020 | $457,300 | $48,600 | $505,900 | $5,514 |
| 2018 | $421,100 | $48,600 | $469,700 | $5,119 |
| 2017 | $415,900 | $47,800 | $463,700 | $5,054 |
| 2016 | $415,400 | $47,800 | $463,200 | $5,048 |
| 2015 | $401,500 | $47,800 | $449,300 | $4,897 |
| 2014 | $401,000 | $46,800 | $447,800 | $4,881 |
| 2013 | $366,500 | $46,800 | $413,300 | $4,504 |
| 2012 | $370,600 | $51,000 | $421,600 | $4,595 |
| 2011 | $369,700 | $51,000 | $420,700 | $4,585 |
| 2008 | $354,900 | $75,900 | $430,800 | $4,695 |
| 2007 | $338,800 | $64,300 | $403,100 | $4,393 |
Property facts
Year built
2000
Property type
single_family
Stories
—
Beds
5
Baths
5
Living area
5,503 sqft
Lot size
138,956 sqft
ZIP code
24153
City
Salem
Street
Terrace Dr
Coordinates
37.26713, -80.10703
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
$3,600
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1200 Terrace Dr last sell?
1200 Terrace Dr most recently sold on Mar 17, 2021 for $600,000.
What is the current tax assessment for 1200 Terrace Dr?
The most recent total assessment for 1200 Terrace Dr (year 2025) is $824,800 with $8,495 in property tax.
How does 1200 Terrace Dr's assessment compare to its last sale price?
The current assessment is 37.5% above the last sale price of $600,000.
When was 1200 Terrace Dr built?
1200 Terrace Dr was built in 2000.
How does 1200 Terrace Dr compare to others on Terrace Dr?
We track 8 other properties on Terrace Dr. Browse the list under "Other properties on Terrace Dr" to compare beds, baths, and sale history.
What are the property facts for 1200 Terrace Dr?
1200 Terrace Dr is a 5 bed, 5 bath, 5,503 sqft, 138,956 sqft lot single_family.
Is 1200 Terrace Dr a flip candidate?
No — 1200 Terrace Dr does not appear in our flips dataset.
Is 1200 Terrace Dr a tax-appeal candidate?
No — 1200 Terrace Dr 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 Terrace Dr