1240 Terrace Dr
Salem, VA 24153
4 bd 3 ba 1,931 sqft Built 1952 Lot 57,064 sqft single_family
No recorded sales
Location
Timeline: Sale, Listing & Tax History
Recorded events
No recorded events
No sale or listing events are on file for this property.
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $216,800 | $44,000 | $260,800 | $2,686 |
| 2023 | $185,700 | $39,000 | $224,700 | $2,381 |
| 2022 | $163,600 | $39,000 | $202,600 | $2,208 |
| 2021 | $159,300 | $39,000 | $198,300 | $2,161 |
| 2020 | $155,900 | $38,000 | $193,900 | $2,113 |
| 2018 | $151,100 | $38,000 | $189,100 | $2,038 |
| 2017 | $143,600 | $38,000 | $181,600 | $1,979 |
| 2016 | $141,900 | $38,000 | $179,900 | $1,960 |
| 2015 | $140,300 | $38,000 | $178,300 | $1,943 |
| 2014 | $138,600 | $38,000 | $176,600 | $1,924 |
| 2013 | $138,600 | $38,000 | $176,600 | $1,924 |
| 2012 | $142,400 | $41,000 | $183,400 | $1,999 |
| 2011 | $142,500 | $41,000 | $183,500 | $2,000 |
| 2008 | $137,400 | $36,000 | $173,400 | $1,890 |
| 2007 | $128,300 | $34,000 | $162,300 | $1,769 |
Property facts
Year built
1952
Property type
single_family
Stories
—
Beds
4
Baths
3
Living area
1,931 sqft
Lot size
57,064 sqft
ZIP code
24153
City
Salem
Street
Terrace Dr
Coordinates
37.27032, -80.10680
Comparable properties nearby
Frequently asked questions
When did 1240 Terrace Dr last sell?
No public-record sale is on file for 1240 Terrace Dr.
What is the current tax assessment for 1240 Terrace Dr?
The most recent total assessment for 1240 Terrace Dr (year 2025) is $260,800 with $2,686 in property tax.
When was 1240 Terrace Dr built?
1240 Terrace Dr was built in 1952.
How does 1240 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 1240 Terrace Dr?
1240 Terrace Dr is a 4 bed, 3 bath, 1,931 sqft, 57,064 sqft lot single_family.
Is 1240 Terrace Dr a flip candidate?
No — 1240 Terrace Dr does not appear in our flips dataset.
Is 1240 Terrace Dr a tax-appeal candidate?
No — 1240 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